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Improving the usability of a Forex mobile application: The impact of UX Audit

Project

The Group stock exchange mobile application

Industry
Services

Story

Impact

50%

Increase in user engagement following a UX audit

40%

Boost in customer retention due to enhanced customer experience

100%

Potential increase of ROI following a UX Audit

Increase in market

Increase in market advantage due to better customer satisfaction

Objectives

Challenges

Methodology

  • Understand
  • Evaluate
  • Test
  • Synthesize
  • Design

Understand the Business

Our approach was crucial in stepping into the complex world of forex, particularly with an advanced app catering to users with varying levels of experience. To tackle the intricacies and ensure the app was user-friendly for everyone, we started with collaborative activities and a workshop involving key stakeholders. This helped us work together, align goals, and clearly define our goals.

 

At the same time, we dove deep into the forex industry. We had conversations with stakeholders, conducted one-on-one interviews with people from different expertise levels in forex, and delved into desk research to understand the industry thoroughly. This mix of activities not only improved communication and reduced misunderstandings but also created a strong sense of unity among our team. It allowed us to bridge the gap between the complexity of the Forex app and the diverse needs of its users.

Evaluate the Existing App

Our team conducted a comprehensive heuristic evaluation, also referred to as an expert review, and UX laws assessment, leveraging the combined expertise of five evaluators from our team and following the NN group heuristic criteria of evaluation. These evaluations were carried out by experts with varying levels of forex usage proficiency and seniority in the field of UX. The goal of this rigorous evaluation was to meticulously identify, categorize, and prioritize core usability issues within the app, adhering to scientific heuristics and considering diverse perspectives. This process was essential to ensure that we could comprehensively address and rectify these issues, thus enhancing the overall user experience.

 

Some findings from the conducted evaluations:

 

New order screen

   Issues

No visual hierarchy that creates a flow to the screen, so the eye of the user can follow that flow towards the most important parts of the screen. Many identical components, and no visible priority.

   Heuristics Violated

H2: Match between system and real-world / Severity: 4
The information is not presented naturally and logically in simple terms the user can understand.


H8: Aesthetic and minimalist design / Severity: 4
Irrelevant information reduces visibility, and more info on the screen increases users' cognitive load.

     UX laws Violated 

Law of Continuation: The human eye follows the paths, lines, and curves of a design, and prefers to see a continuous flow of visual elements rather than separated objects.


Law of proximity: The human eye perceives connections between visual elements. Elements that are close to each other are perceived to be related when compared with elements that are separate from each other.     

 

New order screen

   Issues

Lot of buttons or Calls to action in the framed area, without priority, or one outstanding button to easily attract users’ attention.

   Heuristics Violated

H2: Match between system and real-world / Severity: 4
The information is not presented naturally and logically in simple terms the user can understand.


H8: Aesthetic and minimalist design / Severity: 4
Irrelevant information reduces visibility, and more info on the screen increases users' cognitive load.

     UX laws Violated 

Von Restroff Effect: Make important information or key actions visually distinctive. The Isolation Effect, predicts that when multiple similar objects are present, the one that differs from the rest is most likely to be remembered.

 

Market page

Issues    Issues

The interface is crowded and contains a lot of colors making it hard for users to scan it directly.

Heuristics Violated    Heuristics Violated

H2: Match between system and real-world / Severity: 4
The information is not presented naturally and logically in simple terms the user can understand.


H8: Aesthetic and minimalist design / Severity: 4
Irrelevant information reduces visibility, and more info on the screen increases users' cognitive load.

UX laws Violated    UX laws Violated

Aesthetic-Usability Effect: Users often perceive aesthetically pleasing design as a more usable design.

Heuristic Evaluation Summary

Following the heuristic evaluation of the existing app, this chart provides a comprehensive summary of the heuristics found to be violated during the assessment, aiming to uncover usability issues and identify areas for improvement. This chart serves as a valuable reference to highlight areas where the app can be enhanced to provide a more user-friendly and efficient experience. 

 

Heuristic Evaluation Result

 

Test with representative users

User testing was a crucial step in our UX Audit process for ‘The Group’s’ Forex mobile application. Real Forex users with varying expertise levels engaged in simulated transactions, allowing us to evaluate usability and effectiveness. We observed user interactions closely, noting any confusion or frustration.

 

Insights gleaned from the user testing sessions played a pivotal role in refining the app’s design and functionality. We identified pain points, areas of confusion, and opportunities for improvement based on direct user feedback and observed behavior. These findings served as valuable inputs for iteratively refining the app’s interface and user experience, ultimately aligning it more closely with the needs and expectations of ‘The Group’s’ diverse user base

Synthesize

We pinpointed critical usability issues in ‘The Group’s’ Forex mobile app. Extensive usability testing sessions with diverse Forex users provided valuable qualitative feedback, refining our design proposals. Synthesizing qualitative and quantitative data, we prioritized design changes to enhance the overall user experience, aligning with Qatar’s cultural nuances. Through iterative prototyping and feedback, we ensured a seamless and intuitive user experience. Our synthesis culminated in a comprehensive design proposal, setting a new standard for user experience excellence. We’re committed to effective implementation in collaboration with ‘The Group.’

Design brought to Life

Final screens dynamism, and the latest trends while respecting local guidelines an the transformative vision aims to redefine user satisfaction and maximize ROI in Qatar’s market.

Takeaway

UX design, UI Design, Interaction Design, User-Centered Design

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