Virtual stock trading which also referred to as Paper trading. This expression was much admired previous to the arrival of online trading places when seeking traders would perform on paper previous to placing their money in market.
Virtual stock trading is done by influencing pretending money and investment positions in a way alike to the actual markets. It’s an immense way for basic to apply new and different venture planes.
Now days, nearly all perform trading engages the use of a digital stock market simulator that looks and acts like a real trading stage. These simulators have increased the ease and good reputation of Virtual stock trading in these years.
Following, we have listed few of the best Virtual stock trading apps and platforms that let you to trade live markets exclusive of placing real money. You can dependably test a variety of planes and trace the worth of reserves over time.
Moomoo
Ratings: 4.6/5 from 10,000+ users
Platform: Windows , Mac ,Android , iOS , Web-based
Moomoo presents different venture products and services. Moomoo Inc, is headquartered in Palo Alto, California, and is an not direct wholly owned secondary of Nasdaq listed Futu Holdings Limited.
It is prepared with more than 60 technological pointers and 22 sketching gears that help you find out new trends and possible chances for your own venture plan.
Moreover, Futu organizes the US stock Virtual stock trading struggle from time to time, which plans to teach depositor and help them learn systems of stock trading investment.
Advantages:
- Create customized screener
- Gives you a detailed insight into the price action
- AI-driven alerts
- Full extended hours trading
Disadvantages:
- Poor customer service
Bear Bull Traders
Ratings: 4.1/5 from 1,500+ users Platform: Web based.
Bear Bull Traders is specially developed for active dealers. It plans to advance the trading skill for all, and this mission is pleased by five stakes of success:- Learn technology
- Create a strategy
- Master psychology
- Build a TradeBook
- Community mentorship
The place is crowded with precious instructive capital as well as outstanding continuing support needed to become time after time advantageous. In calculation to a vast collection of video trainings, users like access to webinars, trading psychology training, and a confidential chat room.Paid members get 3 months of admission to the DAS Trader Pro simulator. It helps taxing and execution of different trading planes, permits you to correctly back test trades in variety of market situation, minimize losses, and improve trading knowledge based on real market situations.
Advantages:
- Live screen sharing and commentary is available during market hours
- TradeBook templates for your reference
- Plenty of educational content
- Focuses on psychology of trading
Disadvantages:- Pricey monthly membership fees
Ratings: 4.1/5 from 1,500+ users
Platform: Web based.
Bear Bull Traders is specially developed for active dealers. It plans to advance the trading skill for all, and this mission is pleased by five stakes of success:
- Learn technology
- Create a strategy
- Master psychology
- Build a TradeBook
- Community mentorship
The place is crowded with precious instructive capital as well as outstanding continuing support needed to become time after time advantageous. In calculation to a vast collection of video trainings, users like access to webinars, trading psychology training, and a confidential chat room.
Paid members get 3 months of admission to the DAS Trader Pro simulator. It helps taxing and execution of different trading planes, permits you to correctly back test trades in variety of market situation, minimize losses, and improve trading knowledge based on real market situations.
Advantages:
- Live screen sharing and commentary is available during market hours
- TradeBook templates for your reference
- Plenty of educational content
- Focuses on psychology of trading
Disadvantages:
- Pricey monthly membership fees
Warrior Trading
Ratings: 4.9/5 from 2,500+ users Platform: Windows | Web based.
Ratings: 4.9/5 from 2,500+ users
Warrior Trading Simulator permits you to do trading by virtual currency. It provides you the capability to trade in US equities markets and US opportunity markets.
The company has worked directly with NYSE and NASDAQ, giving you direct contact to Level 2 quotes and immediate order implementation. Once you sign up, you will have $200,000 (virtual money) in your account to test your planes securely previous to trading with actual money.
The simulator functions accurately like a real brokerage account; you can purchase and sell reserves in real time conditions. Unlike other places, it let you to doing the same hotkeys and techniques you can imagine to exercise during trading on the live market. Create hotkeys for going long or short, make profit aims and stop orders, put a stop at breakeven, and cancel all orders with just one click.
In general, new beginners can study the essentials, higher traders can study a new viewpoint, and everyone in between can pick up new imminent they can’t get anywhere else. All your trading data is stored strongly to generate easy to read performance reports.
Advantages:
- Trade with $200,000 in virtual buying power
- Provides structured trading methods
- Advanced Reporting
- Nicely organized courses
Disadvantages:
Stock Trak
MarketWatch Virtual Stock Exchange
- Minimal focus on longer-term trend trading strategies
- Expensive
Stock Trak
Ratings: 4/5 from 1,500+ users Platform: Web based.
Stock-Trak provides information in a very easy way. It is one of the leading sources of stock market simulators and private finance tools from 1990.Especially planned for students, the stage holds more than 300 lessons, each with built in pop grilles. It is now used by more than 1k lecturers and 70k students every year, including 89% of the top US Business Schools.
Its virtual trading application let you to trade US stocks, futures, options, bonds, mutual funds, and equities from 50 global contacts. If you are a professor and using this application for educating students, you can create custom events by setting the original cash balances, trading dates, currency, commission, eligible security types, and risk management strategy.
Normally, every student gets $500,000 in his/her virtual account, which he/she can use to manage his/her portfolio. The place has all necessary information points such as income statements, cash flow statements, historical prices, balance sheets, option chains, SEC filing, accounting ratios, etc.
Advantages:
- Fully customizable
- Offers a granular level of reporting and tracking
- Over 300 lessons each with built-in pop quizzes
- Supports over 50 global exchanges
Disadvantages:
- Doesn’t have a mobile app
- No advanced technical indicators
Stock-Trak provides information in a very easy way. It is one of the leading sources of stock market simulators and private finance tools from 1990.
Especially planned for students, the stage holds more than 300 lessons, each with built in pop grilles. It is now used by more than 1k lecturers and 70k students every year, including 89% of the top US Business Schools.
Its virtual trading application let you to trade US stocks, futures, options, bonds, mutual funds, and equities from 50 global contacts. If you are a professor and using this application for educating students, you can create custom events by setting the original cash balances, trading dates, currency, commission, eligible security types, and risk management strategy.
Normally, every student gets $500,000 in his/her virtual account, which he/she can use to manage his/her portfolio. The place has all necessary information points such as income statements, cash flow statements, historical prices, balance sheets, option chains, SEC filing, accounting ratios, etc.
Advantages:
- Fully customizable
- Offers a granular level of reporting and tracking
- Over 300 lessons each with built-in pop quizzes
- Supports over 50 global exchanges
Disadvantages:
- Doesn’t have a mobile app
- No advanced technical indicators
MarketWatch Virtual Stock Exchange
Ratings: 4/5 from 5,000+ users Platform: Web based.
As MarketWatch is one of the most excellent known for providing financial data and business information, it also presents a free stock market simulator to make and supervise virtual groups.
With the help of this simulator, you can trade real stocks and joint funds listed on NYSE, NASDAQ, and AMEX exchanges. When you open an account, you get an individual portfolio worth $1,000,000. You can use this virtual cash to buy and sell shares in real-time.
The stage has a basic coverage system which allows you to watch your investments and observe all change in your net value on daily, weekly, or monthly basis.
In accumulation to running a personal portfolio, you can contribute in contests or make your own virtual stock group to evaluate how your place achieves in the actual market state.
During creating new contests, you can put your own policies like the total of cash each contestant starts with, minimum transaction cost, or amount of stock that can be traded, etc. The stage gives a ranking to all contestants based on their returns.
Advantages:
- A convenient and straightforward simulator
- Hassle-free registration process
- Build and monitor custom watchlists
- Absolutely free
Disadvantages:
- Doesn’t include advanced charts or technical indicators
- Focused more on news than educational resources
TradeStation
As MarketWatch is one of the most excellent known for providing financial data and business information, it also presents a free stock market simulator to make and supervise virtual groups.
With the help of this simulator, you can trade real stocks and joint funds listed on NYSE, NASDAQ, and AMEX exchanges. When you open an account, you get an individual portfolio worth $1,000,000. You can use this virtual cash to buy and sell shares in real-time.
The stage has a basic coverage system which allows you to watch your investments and observe all change in your net value on daily, weekly, or monthly basis.
In accumulation to running a personal portfolio, you can contribute in contests or make your own virtual stock group to evaluate how your place achieves in the actual market state.
During creating new contests, you can put your own policies like the total of cash each contestant starts with, minimum transaction cost, or amount of stock that can be traded, etc. The stage gives a ranking to all contestants based on their returns.
Advantages:
- A convenient and straightforward simulator
- Hassle-free registration process
- Build and monitor custom watchlists
- Absolutely free
Disadvantages:
- Doesn’t include advanced charts or technical indicators
- Focused more on news than educational resources
TradeStation
Ratings: 4.5/5 from 20,000+ users Platform: Windows | Android | iOS | Web-based.
TradeStation is known for its electronic trading platform and scientific analysis software. It gives different learning and training resources intended to flash new trading thoughts and assist you constantly advance your trading ability.
You can access its simulated trading account to test your strategies in real-time without risking your capital. You also have access to huge historical market databases, which make it easier to back-test your stock, futures, and option trading techniques on decades of historical market data.
You can add dozens of popular technical studies to your chart and modify their limitation. Use sketch gears to notice significant movements and prototype speedily.
Overall, the platform gives you everything you need to test, implement, and develop your own trading plans.
Advantages:- Dynamic market-scanning tools
- Fully customizable charting
- Get automatic notifications on positions that are moving significantly
- Trade in ETFs, futures, options, and cryptocurrencies
Disadvantages:
- No forex trading
- UI can be improved
TradeStation is known for its electronic trading platform and scientific analysis software. It gives different learning and training resources intended to flash new trading thoughts and assist you constantly advance your trading ability.
You can access its simulated trading account to test your strategies in real-time without risking your capital. You also have access to huge historical market databases, which make it easier to back-test your stock, futures, and option trading techniques on decades of historical market data.
You can add dozens of popular technical studies to your chart and modify their limitation. Use sketch gears to notice significant movements and prototype speedily.
Overall, the platform gives you everything you need to test, implement, and develop your own trading plans.
Advantages:
- Dynamic market-scanning tools
- Fully customizable charting
- Get automatic notifications on positions that are moving significantly
- Trade in ETFs, futures, options, and cryptocurrencies
Disadvantages:
- No forex trading
- UI can be improved
NinjaTrader
Ratings: 4.3/5 from 1,000+ users Platform: Windows | Web-based.
NinjaTrader is ideal for lively traders who desire lots of technical analysis tools. It gives a simulated trading place as an essential module of the trading training process.
This simulated trading place runs on a elevated performance back testing engine. It let you to exactly simulate your trading methodologies on chronological information and examine their past performance.
The platform possesses outstanding charting, customizable technical indicators, real time analysis, and thousand of applications and extensions from third party developers.
As far as client supports is required, you can get to them by phone, email, or online support form. Their team excels in quick replies with investigates addressed within 30 minutes during market hours. They also have a User Forum, where an real user community interacts directly with the NinjaTrader support team.
Advantages:- Advanced charting and strategy backtesting
- Replay historical market data tick by tick
- Hundreds of educational videos and media rich help guide
- Thousand of third-party add ons
Disadvantages:- No mobile application
NinjaTrader is ideal for lively traders who desire lots of technical analysis tools. It gives a simulated trading place as an essential module of the trading training process.
This simulated trading place runs on a elevated performance back testing engine. It let you to exactly simulate your trading methodologies on chronological information and examine their past performance.
The platform possesses outstanding charting, customizable technical indicators, real time analysis, and thousand of applications and extensions from third party developers.
As far as client supports is required, you can get to them by phone, email, or online support form. Their team excels in quick replies with investigates addressed within 30 minutes during market hours. They also have a User Forum, where an real user community interacts directly with the NinjaTrader support team.
Advantages:
- Advanced charting and strategy backtesting
- Replay historical market data tick by tick
- Hundreds of educational videos and media rich help guide
- Thousand of third-party add ons
Disadvantages:
- No mobile application
Thinkorswim by TD Ameritrade
Ratings: 4.7/5 from 250,000+ users Platform: Windows | Android | iOS | Web-based.
Thinkorswim is just right for those who want to trade equities and derivatives during contacting improved charts and practical indicators. It gives services for self directed selection traders and institutional investors who trade in equities, futures, exchange traded funds, and bonds.
You can utilize more than 400 technical studies, including essential support, confrontation, candlestick, and profile charts. The place also supports superior trading methodologies with complex charts, such as monkey bars and Renko charts, and up to 20 drawing tools with 8 Fibonacci tools.
It stores all your trades, having paper commissions, and gives in depth P&L analysis. You can analysis such detailed data frequently to locate errors in your strategies and fix them. Plus, there are quite a few online courses and workshops to train you how to get better your trading planes.
Thinkorswin is totally free for users who have an active account in TD Ameritrade. To get started, all you need to perform.
- Log on to your account at TDAmeritrade.com
- Go to the Trade tab and select Start swimming today
- Download and install Thinkorswim
- Before logging into the application, slide the toggle switch (under the username & password) to PaperMoney.
- You can now start trading with virtual money.
Advantages:- Professional-level charting
- Futures, options, and forex capability
- Live market news and insights
- Software and charts are fully-customizable
- Extensive educational resources for beginners
Disadvantages:
- Option tools aren’t very user-friendly
- Does not offer fractional shares
Thinkorswim is just right for those who want to trade equities and derivatives during contacting improved charts and practical indicators. It gives services for self directed selection traders and institutional investors who trade in equities, futures, exchange traded funds, and bonds.
You can utilize more than 400 technical studies, including essential support, confrontation, candlestick, and profile charts. The place also supports superior trading methodologies with complex charts, such as monkey bars and Renko charts, and up to 20 drawing tools with 8 Fibonacci tools.
It stores all your trades, having paper commissions, and gives in depth P&L analysis. You can analysis such detailed data frequently to locate errors in your strategies and fix them. Plus, there are quite a few online courses and workshops to train you how to get better your trading planes.
Thinkorswin is totally free for users who have an active account in TD Ameritrade. To get started, all you need to perform.
- Log on to your account at TDAmeritrade.com
- Go to the Trade tab and select Start swimming today
- Download and install Thinkorswim
- Before logging into the application, slide the toggle switch (under the username & password) to PaperMoney.
- You can now start trading with virtual money.
Advantages:
- Professional-level charting
- Futures, options, and forex capability
- Live market news and insights
- Software and charts are fully-customizable
- Extensive educational resources for beginners
Disadvantages:
- Option tools aren’t very user-friendly
- Does not offer fractional shares
