15 Best Virtual Trading Apps: Start Virtual Trading Without Real Money
15 Best Virtual Trading Apps: Start Virtual Trading Without Real Money
Last Updated: August 28, 2024
Summary: Master your investing skills on virtual trading apps without putting your real money at risk. Try and test different trading strategies on the real-time market data, and see how you perform on the app’s leaderboard. Make it more fun by competing with your friends and see who earns more profit.
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
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.
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
Zerodha provides you APIs to build your own applications
The app is suitable for obtaining intraday strategies
Users complain that Zerodha does not provide buy/sell calls
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
Moneybhai, moneycontrol virtual trading app, teaches you techniques which you can directly implement in the real stock market
The app has a leaderboard section which shows the standings of different investors
The simulated environment provided by the app may not cover all the variables present in real life
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
Upstox has a user-friendly interface that helps new users to navigate the platform without any hassle.
This platform also offers advanced charting tools for users so that they can conduct technical analysis, similar to real trading. This helps to upgrade the chart-reading skills.
This is the most basic benefit of using a virtual trading app like Upstox. This allows users to do risk-free trading as there is no real money involved.
This platform lacks in offering specialized assets like bonds, international stocks, and derivatives.
Price: Upstox is free to download and use on the play store.
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
The interface is also easy to use.
The software regularly organizes seminars on trading psychology.
Some investors may derive an unrealistic experience due to Sensibull’s simulated environment
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
Dalal virtual stock trading app has been offering legitimate advice for over 30 years.
This stock trainer app provides buy/sell signals based on the latest market movements.
At times, the notifications may not produce a sound even if the sound bar is maximum.
Price: Dalal street dummy trading app can be downloaded free of cost from android or apple store.
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
Outstanding trade executions
Asset screeners for ETF research
Flexible news feeds
Option for futures and commodities missing
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
Simple and easy to use, imitating real market stock operations
Tracking trade results is super quick
Option for pursuing advanced trade stock types & purchasing stocks is an additional advantage
Reduced risk of losing the actual capital
The user interface can be more user friendly
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
Virtual money for instantly performing instant stock trading.
Risk free source of learning stock trading for free
The virtual trading experience might seem unrealistic at times.
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
Free account opening with no hidden charges
The app works great even in slow internet connections
Allows traders to deal in multiple commodities including mutual funds, postal saving schemes, and more
Access to free tips related to stocks and technical analysis
Trading and call charges are high
Higher brokerage charges when users trade in penny stocks
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
Comes with a cloud backup option
Enhanced stock search functionality
Suitable virtual trading app for beginners
Lags witnessed when there is price movement
Users receive frequent forced updates
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
Access to history patterns that makes strategizing easy
Easy-to-use charting options available with smooth zoom-in and out functionality
Users can access an extensive library of community-built and other popular stock indicators
Limited broker support available
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
Gain real-time experience and market knowledge by understanding trading strategies.
Test and experiment with your learnings without risking your hard-earned money.
It offers an ideal platform to perfect your unique trading style.
This platform does not capture the emotional and psychological aspects of trading in the real market.
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
Neostox offers multiple trading instruments like options, intraday, equities, futures, and more
Offers advanced tools for Hedge funding, analysis, basket orders, etc.
You can practice a risk-free trading without losing actual money.
Neostox often provides delayed price feeds, this may not be suitable for real-time market conditions
While Neostox offers a risk-free learning environment, users do not have the opportunity to profit from their successful trades
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
As it uses real-time stock market data, it helps users to get a realistic experience while trading.
Stock Trainer provides extensive educational support for beginners
It offers a safe trading environment and allows new users to develop high-level trading skills.
Stock Trainers do not provide real profit out of successful trades.
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
With real-time data, this platform helps users to experience realistic trading.
Users can easily track and analyze their trading investments
It provides a user-friendly interface that helps new users to learn easily.
This application asks for sign-up where you need to add your personal information that you may not wish to provide.
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.
TradingView, Moneypot, Chart Mantra, and TrakInvest are some of the popular platforms that are best for virtual trading. These platforms help traders improve their trading skills without investing real money.
Is virtual trading app safe?
Yes, a virtual trading app is completely safe. These apps come with high-end encryptions that keep all the user data safe.
Which is the best virtual trading app in India?
Zerodha Varsity, ICICI Direct, and NSE Virtual Trading are some of the best virtual trading apps in India.
Where can I do virtual trading?
You do virtual trading on platforms like Chart Mantra, Fidelity, Stock Market Challenge by Dalal Street Investment Journal, and more.
Which are the best virtual stock trading apps?
Some of the best virtual stock trading apps are Moneypot, Sensibull, and Zerodha Varsity. On these apps, users can trade using virtual money without risking their hard-earned money.
Which paper trading apps for Indian stocks?
Popular paper trading apps for Indian stocks include StockPe, ICICI Direct, and more. These apps allow users to simulate stock trading without using real money.
Which is India's No 1 trading app?
India's top trading app varies based on features and user preferences. Zerodha, Upstox, and Groww are among the leading trading platforms.
Is paper trading real money?
No, paper trading doesn't involve real money. It uses virtual funds to simulate trading. It's a risk-free way to practice and learn trading without financial consequences.
Is paper trading good for beginners?
Yes, paper trading is beneficial for beginners. It offers a risk-free platform to learn about the market, test strategies, and build confidence before trading with real money.
What are some of the best paper trading app in India which is free?
Some of the best free paper trading apps in India include Moneybhai, NSE Paathshala, and Virtual Stocks. These platforms offer simulated trading experiences to practice investing without real money.
Published On: December 4, 2020
Jyoti Sharma
Jyoti Sharma is a skilled content writer with five years of experience in logistics, travel, IT, and education industry. Known for transforming complex concepts into clear, engaging content. She has been writing since 2019 and excels in making complex topics accessible and interesting. Whether it's for tech updates, travel guides, or educational resources, Jyoti creates content that is clear, engaging, and effective. Passionate and versatile, Jyoti ensures every project achieves its goal with creativity and precision.
