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.
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.
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.
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.
India’s leading brokerage, Zerodha, offers a paper trading feature through its Varsity program.
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.
Zerodha Kite
Starting Price
Price on Request
Price: Users can download the virtual trading app for Android and iOS for free.
Best For: Indian investors at any experience level looking for the best software for trading in India.
An initiative by Moneycontrol, Moneybhai provides a virtual stock market game.
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.
Price: The Moneybhai app is free to download.
Best For: Beginners and students interested in understanding stock trading basics using share market software for PC.
Upstox provides a demo trading feature for aspiring traders.
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
Price: Upstox is free to download and use on the play store.
Best For: Novice traders seeking a simple platform for stock analysis software.
Primarily an options trading platform, Sensibull also offers virtual trading to test strategies.
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.
Price: The price of Sensibull demo trading app starts from ₹5,555 per month.
Best For: Options traders who wish to develop strategies without financial risk with technical analysis software for Indian stock markets.
Dalal Street Virtual Trading App: Dalal Street comes as a virtual trading app for stock enthusiasts.
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.
Price: Dalal street dummy trading app can be downloaded free of cost from android or apple store.
Best For: Indian traders focusing on practicing with local stocks with the best trading software in India for free.
Fidelity: Fidelity’s demo trading platform is a part of its full-fledged suite of tools.
Suggested Read: Top Nifty Buy Sell Signal Software for Indian Stock Market
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.
Pricing: Price details are available on this stock market simulator’s official website.
Best For: Advanced traders exploring international markets with top-tier stock market software.
This is a very popular trading platform that can provide a wide learning experience.
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.
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.
Best For: Beginners and learners aiming for a well-rounded trading experience with the best stock analysis software free.
ChartMantra is designed to teach technical analysis and trading strategies.
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.
Pricing: Price details of Chart Mantra dummy stock trading software is available on its official website.
Best For: Users keen on mastering technical analysis through free technical analysis software for the Indian stock market.
ICICI Direct provides a virtual trading platform for its users.
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.
Pricing: Price on Request
Best For: Indian traders looking for a reliable and feature-rich platform for stock analysis software.
Developed by the National Stock Exchange of India, this platform offers a localized trading experience.
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.
Pricing: You can download NSE Virtual Trading app for free from Google Play Store.
Best For: Indian users aiming to understand the local stock market through share market software for PC.
TradingView provides advanced charting tools with a virtual trading option.
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.
Pricing: Price on Request
Best For: Technical analysts and experienced traders looking for the best technical analysis software for the Indian stock market.
Trinkerr is a social investing platform with a virtual trading feature.
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.
Pricing: Tinkerr app is available for free on Play Store.
Best For: Investors seeking collaborative and social trading experiences with the best trading software in India free.
Neostox focuses on providing real-time paper trading for Indian markets.
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.
Pricing: You can download Neostox paper trading app for free from the Play Store.
Best For: Indian users practicing live trading strategies using free technical analysis software for the Indian stock market.
This Android app offers virtual trading based on live market data.
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.
Pricing: Stock Trainer is available for free on Google Play Store, making it accessible to everyone.
Best For: Android users wanting a mobile-first experience for stock market software.
Angel One’s virtual trading platform helps users learn trading fundamentals.
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.
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.
Best For: Beginners and intermediate traders looking for the best software for trading in India.
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:
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.
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.
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.
Yes, a virtual trading app is completely safe. These apps come with high-end encryptions that keep all the user data safe.
Zerodha Varsity, ICICI Direct, and NSE Virtual Trading are some of the best virtual trading apps in India.
You do virtual trading on platforms like Chart Mantra, Fidelity, Stock Market Challenge by Dalal Street Investment Journal, and more.
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.
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.
India's top trading app varies based on features and user preferences. Zerodha, Upstox, and Groww are among the leading trading platforms.
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.
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.
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.
To talk about healthcare and not make mention of technology and the role it plays… Read More
Data loss can hit business like a sudden tidal wave. It wipes out everything… Read More
Look at your finances closely and take moment to reflect: Is your money working… Read More
Hope thrives in blood banks, but managing them is certainly no simple affair! Even small… Read More
Payroll mistakes can sink businesses beyond financial loss. Penalties for missing deadlines, misclassification, tax issues,… Read More
Customers of today don't have time for companies or brands that can't keep up with… Read More
