15 Best Virtual Trading Apps: Start Virtual Trading Without Real Money

Scared of investing in stocks due to fear of losing your hard-earned money? A lot of us are, because we are not sure if our trading strategies, will yield profit or result in a major loss. You might not know that 80-90% of new traders lose their money in the beginning. But there is a way that can help you test and master your trading skills before spending their money in real market

Gamification in virtual or demo trading apps allows users to test different trading strategies, by using virtual money. This eliminates the risk of losing real money, and users can freely experiment and learn by hit and trial in the real-world stock market scenarios.

What is Virtual Trading or Paper Trading?

Virtual trading is a process of purchasing and selling stocks, bonds, and other financial assets using simulated money. For this, paper trading applications are used to gain valuable knowledge to understand market dynamics without losing real money.

Undertaking paper trading is the right way to start with investing money in the market. Because you are less likely to make mistakes given all the practice you get while doing virtual trading.

You get a certain amount of virtual money to start investing and learning new stock marketing strategies. The best virtual trading apps also offer interaction opportunities with other traders to help improve your market skills.

What is Virtual Trading App?

Virtual Trading App is a mobile application that let users to buy and sell stocks and practice trading free risk. These apps help beginners to easily practice stock trading. Some of the best paper trading websites in international and Indian markets also let you learn and understand the basic rules of stock exchange. It majorly includes shares, commodities, fixed deposits, mutual funds, bonds, etc.

As a beginner, you can invest in stocks without real money and track the real-time stock data. Let’s get into details and explore top 15 virtual trading apps for 2024 that can help your trading journey easy.

List of 15 Best Virtual Trading Apps for Beginners and Professionals in 2024

• Zerodha
• Moneybhai
• Upstox 
• Sensibull
• Dalal Street
• Fidelity
• Investopedia Stock Simulator
• ChartMantra
• ICICI Direct
• NSE Virtual Trading App 2.0
• TradingView
• Trinkerr 
• Neostox
• Stock Trainer 
• Angel One 

If you are looking for leading trading apps, then your hunt ends here. We present you with some of the most sought-after trading options ,which are backed by finance and stock market experts.

Zerodha

Zerodha virtual trading app offers a library of stock market lessons that comes with illustrations and covers all the possible topics with in-depth information. Moreover, the lesson content is further broken into brief cards which makes content easy to learn.

Additionally, users can also take quizzes that come at the end of every main topic. To make learning more interesting, users can also challenge themselves by taking up a certification exam at the end.

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Features of Zerodha Dummy Trading App

• Access to level 3 data: Zerodha virtual trading app provides access to level-3 data, which is essential for better understanding of market liquidity.
• Intuitive charts: Zerodha gives you a rundown of important information using its intuitive and customizable charts.
• Set triggers: Set triggers to know when to enter or exit stock holdings.
• Baskets: With Zerodha virtual trading app, you can create and maintain multi-stock baskets.
• Accurate profit and loss statements: The app uses a large stream of historical data to calculate and analyze accurate profit/loss statements.

Zerodha Pros & Cons

Price: Users can download the virtual trading app for Android and iOS for free.

Moneybhai

Moneybhai is a virtual trading platform which is hosted by Moneycontrol. It offers an intraday trading limit of INR 1 crore, which can be invested across multiple assets such as mutual funds, stocks, and much more.

Features of Moneybhai Virtual Trading App

• Enhanced experience: The app uses data from real stock market situations to enhance the virtual trading experience.
• Investment section: Moneybhai allows you to easily view your transaction history, portfolio, profit and loss statements, and much more.
• League formation: By forming leagues, investors can compete against one another. They can even invite their friends and family members.
• Learning section: The app has a dedicated learning section to obtain appropriate investment strategies.

Moneybhai App Pros & Cons

Price:  The Moneybhai app is free to download.

Upstox 

Upstox is a virtual trading platform where users can practice trading without using and risking real money. It offers a simulated trading environment that allows users to trade in stocks, commodities, and others. This platform aims to educate people about the dynamics of the stock market and provide a realistic experience.

Features of Upstox

• Real-Time Market Data: Upstox is notable for providing real-time market data. This helps users to experience realistic trading by offering actual market conditions.
• Customizable Watchlist: This feature allows users to create specific watchlists to monitor their favorite stocks closely.
• Learning Modules: This platform also contains learning modules that let users understand various stock strategies and market principles easily.
• Trading Simulation: In this feature, beginners or professionals can get several trading simulations to help them test strategies and understand the impact of trading decisions.

Upstox Pros and Cons 

Price: Upstox is free to download and use on the play store.  

Sensibull

Sensibull is one of the best option/demo trading apps that offers a simple virtual trading application for beginners that comes with great trading strategies and low-risk options.

In fact, for experts, it also provides an Options Strategy Builder that helps them create and analyze Advanced Options Strategies. All levels of traders can learn and practice options trading without using real money.

Features of Sensibull Virtual Trading App India

• Easy options: The software provides easy options for beginners to further minimize losses.
• Options glance: This feature lets you see the price of all stock options in one go.
• Better monitoring of foreign institutional investors: This app lets you trade the way FIIs are trading and maximizes your chances of returning a profit.
• Tutorials: Sensibull offers a lot of tutorials to teach you the basics of trading and more.
• Events calendar: All the important upcoming events are mentioned within your event calendar.

Sensibull Pros & Cons

Price: The price of Sensibull demo trading app starts from ₹5,555 per month.

Stock Market Challenge – Dalal Street Virtual Trading App

Dalal street virtual trading app is one of the most popular virtual trading platforms in India. This is because of its simple and easy to use interface.

Not only this, Dalal Street is one of the best virtual trading apps in India that helps you easily monitor the status of your favorite stocks over time.

The Stock Market Challenge App provides an online trading game where users can build and manage their own portfolio and even compete with other traders in a secure environment. In the beginning, every challenger gets ₹10,00,000 virtual money to play and compete.

Dalal Street Mock Trading App Features

• Quick notifications: The app provides notifications quickly about buying or selling a specific stock.
• DSIJ Mindshare: This feature lets you keep a tab on important events related to the financial world for a specific day.
• Screener: With its screener feature, it is very easy to obtain all company details related to a stock.
• Involvement of industry experts: Each recommendation of Dalal street virtual trading app is backed by deep analysis and expert opinion.

Dalal Street Pros & Cons

Price: Dalal street dummy trading app can be downloaded free of cost from android or apple store. 

Suggested Read: Top Nifty Buy Sell Signal Software for Indian Stock Market

Fidelity

Fidelity is a virtual trading app particularly used by professionals as it is full-service brokerage platform with real trading. This platform offers paper trading or simulation features to track trades. Users get access to insights on domestic stocks, international markets, and more.

Moreover, to enhance trading knowledge, you can also watch live streams of Bloomberg videos, podcasts, and webinars.

Features of Fidelity Stock Simulator

• Asset screeners: It offers advanced screening tools that help users to identify possible investment opportunities
• Trade executions: Fidelity provides trade execution with robust algorithms, aiming at improving prices.
• Account tracking: You can use Fidelity trading practice app for tracking preferred securities & account positions.
• Chain enhancements: Option of chain enhancements along with multi-leg option trading for extended hours trades.

Fidelity Pros & Cons

Pricing: Price details are available on this stock market simulator’s official website.

Investopedia Stock Simulator

Momentum trading, P/E ratios or equity markets, becomes easier with Investopedia Stock Market Simulator. The stock virtual trading software uses real data from the stock market to simulate trading scenarios.

Investopedia Stock Market Simulator Features

• Advanced trade types: The software offers detailed guides for advanced trade types, covering short positions & purchasing stocks. 
• Portfolio analytics: The feature portfolio analytics helps users to choose and manage specific investment groups.
• Potential picks: Investopedia allows you to easily practice stock trading by providing potential picks of the market.

Investopedia Pros & Cons

Pricing: Investopedia Stock Simulator is a free tool available for download on its official website. You can also check the upgraded plans on its website.

Chart Mantra

Chart Mantra allows users to play and learn at the same time. You can invite your friends to play along and see who is performing the best on the leaderboard. Additionally to this, players can track their individual performance in terms of game rank, net worth, returns, overall gain, etc.

Features of Chart Mantra Practice Stock Trading App

• Technical indicator: Technical indicators for gaining market insight available with this best option paper trading app.
• Infographs: Inbuilt infographs for performing the technical analysis of stocks.
• Loading new stocks: Loading new stocks with the stock simulator is as easy as managing previous stocks.
• Virtual cash: Here you can practice stock trading with fake money of up to ₹1 lakh for playing stock games.

Chart Mantra Pros & Cons

Pricing: Price details of Chart Mantra dummy stock trading software is available on its official website.

ICICI Direct

ICICI Direct’s virtual trading platform offers an opportunity for traders to sharpen their trading skills. You can practice in real stock market, without investing your real money. Further, you can replicate your trading strategies in the real stock market, if they seem to be working in the virtual simulated environment.

ICICI Direct Features

• Virtual Money: Users get up to ₹15 Lakhs of virtual money that they can use to play stock games, instead of putting their real money at risk.
• Real Data: Despite being a virtual trading platform, users get real data from the stock market based on the quotes of NSE or BSE.
• Simple Log In: To get started, users can simply register using their basic credentials and start playing. In the beginning, you will receive a limit of ₹15 Lakhs virtual money.
• Virtual Stocks Segment: The cash market segment is currently enabled on the ICICI Direct virtual trading platform. These include cash buy & sell, margin buy & sell, margin trades, and more.

ICICI Direct Pros & Cons

Pricing: Price on Request

NSE Virtual Trading App 2.0

NSE Virtual Trading software allows users to trade in the real stock market, without risking their real money. Despite being a virtual simulator, the app provides you with the exact experience of trading in a real market.

You can access charts and technical indicators to build your own strategy. In fact, you can also trade in futures, options, and stock derivatives along with stocks.

NSE Virtual Trading 2.0 Features

• Real Market Data: The app provides real stock market data so that virtual traders can see the result of their trading strategies in the real-life market scenarios.
• No Limit of Investments: In virtual trading, there is no limit for investments, which means there is no limit for you to trade and test.
• Trading Reports: Users can also generate virtual trading reports that help you understand daily gains and losses.
• Notifications: Get instant updates regarding sudden upward or downward movements in the stock market through notifications.

NSE Virtual Trading 2.0 Pros & Cons

Pricing: You can download NSE Virtual Trading app for free from Google Play Store.

TradingView

TradingView allows users to deal in different markets, currencies, futures, crypto, and bonds . It also offers 10+ different types of sophisticated charts that help traders depict market dynamics in a better way.

Additionally, users can also create their custom watchlist and get real-time updates on financial commodities.

TradingView Features

• Drawing Tools: With drawing tools , users can easily understand the technical elements of stock trading. Major drawing tools include, trends & lines, geometric forms, annotation patterns, etc.
• Screeners: Access forex screener, heat map of the stock market & crypto market, cryptocurrency screener, and more along with the stock screener.
• Trading Indicators: TradingView offers a large collection of pre-built indicators which are regularly updated with the new ones.
• Virtual Money: After signing up, every user gets a default amount of $100,000 that can be used to buy and sell stocks.

TradingView Pros & Cons

Pricing: Price on Request

Trinkerr

Trinkerr is a top-notch virtual trading app that offers a comprehensive experience designed to help users to upgrade their trading skills with paper money. This platform creates a real environment for the users and lets them explore various investment options and opportunities.  

Features of Trinkerr Virtual Trading App 

• Social Trading: Trinkerr allows users to follow and repeat the strategies of professional traders and helps beginners to learn from experts. 
• Challenge Mode: Here are various challenge tests in which new users can participate to test their trading skills.
• Verified Data: This platform lets users to practice with actual market data and helps to understand various stock market strategies
• Free Virtual Capital: Trinkerr offers virtual money in the beginning starting from ₹10L and it will be added ₹2L every week.  

Pros and Cons of Trinkerr 

Pricing: Tinkerr app is available for free on Play Store.

Neostox

Neostox is another educational paper trading app that allows users to practice trading in stocks without real money. It offers a simulated trading environment with delayed price feeds, enabling users to trade equities, options, and futures. The platform provides tools for hedge trading, options analysis, basket orders, and more.

Features of Neostox

• Live market simulation: You can experience the dynamics of live trading using virtual money, offering a real-time feel of the market without financial risk.
• Pre-built Strategies: With Neostox, you have access to industry-standard options strategies that are pre-built, enabling simple execution and testing of trading approaches.
• AI Options Trader: It leverages AI to identify optimal options for trading at any given time.
• Live Reports: You can view performance reports and summaries on the same day, eliminating the need to wait for the next day for trading insights.

Pros and Cons of Neostox

Pricing: You can download Neostox paper trading app for free from the Play Store.

Stock Trainer 

Stock Trainer is one of the known platforms designed to practice stock trading virtually without risking your actual money. This offers a simulated environment where users can engage and learn trading, track their portfolio, and develop high stock market skills. The user-friendly interface is an ideal option for beginners.  

Features of Stock Trainer 

• Real-Time Market Data: Stock Trainer uses real-time market data and provides users with a realistic experience for stock trading.
• Virtual Portfolio: This platform offers a diverse range of trading options like stocks, ETFs, mutual funds, and many more.
• Multiple Order Types: This app also provides risk management tools like stop-loss and take-profit orders to reduce the potential risk of loss. 
• Performance Metrics: It also allows users to create customizable profiles, where they can track and analyze the performance of their investments. 

Pros and Cons of Stock Trainer 

Pricing: Stock Trainer is available for free on Google Play Store, making it accessible to everyone.

Angel One 

Angel One is a powerful virtual trading app that offers robust educational tools for beginners as well as professional traders. This application offers a virtual platform where traders can learn stock market skills using various financial instruments.  

Features of Angel One 

• Portfolio Management: Portfolio Management allows users to manage a simulated portfolio that mirrors the real stock market.  

• Advanced Trading Tools: It is a suite of advanced trading tools to test trading strategies. It includes charting, market research, and technical analysis.  

• Learning Modules: This website provides various learning modules for users to let them learn and test their trading strategies. 

• Financial Instruments: Angel One offers various financial assets like stocks, options, mutual funds, etc. from users to learn various trading strategies. 

Pros and Cons of Angel One

Pricing: Angel One offers free basic trading platform with other premium options that may include extra charges. You can download the app from Play Store.

How Virtual Trading App Acts as Stock Market Simulators?

Stock investment and share trading with stock simulators is easy and so is practicing stock trading with fake money. Here is how trading practice apps act as stock market simulators:

• Instant notification on market events and volatility
• You can buy fractional shares
• No limit set on trading volume
• Price targets & expert stock analysis
• Security protocols for protecting funds
• Option to choose any stock for trading
• Detailed market analysis

The Working a Virtual Trading App in India

Using a virtual trading platform now doesn’t need to be intimidating. So, we have mentioned some easy steps on how to go about trading practice apps.

• For starters, download an app. Some apps provide an option between free and paid accounts. Choose an appropriate option and create your account.
• Once your account is created, you will get some virtual money for initiating the buying/selling stocks.
• You can deal with different stocks and apply numerous trading strategies, ultimately finding the one that works for you.
• The best virtual trading apps provide you with a portfolio where you can monitor your total profit or loss incurred.
• Once you think you have gained enough knowledge and experience in the virtual market, you can use that knowledge in the real stock market and real trading.

Conclusion

Virtual trading apps are great options where you can learn and even experiment by implementing new trading strategies. These apps allow you to improve your trading skills without putting your money at risk. You can play using virtual cash and eliminate the risk of any real losses.

So, when you see your performance improving on trading games, you can switch to the real stock market and start trading real money and get better returns on your investments.

Success in virtual trading depends upon analysis of your profit and loss statements. For best analysis solution, you can also check Best Technical Analysis Software for Stock Trading in India.

FAQs on Best Virtual Trading App in India