Best Stock Market Trading Simulators Today (Quick Review)
Last Updated on 4 weeks ago by Antony C.
Do you want to learn more about investing in stocks but don’t have the money or experience to start investing?
Not all investing requires you to have capital, you can learn the ropes of investing using a stock market trading simulator.
BEST FOR: Beginner Retail Investors and Professional Traders Looking For All-In-One Trading App to Invest in SG, US, HK and China.
securely through Moomoo’s website
The trading simulator listed below earns its place in this list of the best stock market trading simulator with different types of investors in mind. Read our picks along with an in-depth review of each stock trading simulator.
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Best Stock Market Trading Stimulator
With so many investing stimulators out there that it is hard to tell which are the best for both beginners and experienced investors. Thus, I’ve compiled a list of the few best stock market trading simulators that offer:
- Trading of stocks
- Trading of commodities such as gold, natural gas, and oil
- Trading in the major stocks exchanges such as; the US, London, and Hong Kong
We’ve ranked the best stock market trading simulators, while all of them are great platforms, the top stimulator on this list has most or all the features that a stock trader can ask for.
1. Moomoo by Futu Holdings Limited
Moomoo Paper trading
Summary
Moomoo paper trading is a stock market trading simulator that simulates real trade on the Moomoo platform. It provides the full trading experience, yet a user-friendly platform that offers a wide range of trading tools and features that help both new and experienced traders to become more confident with their skills.
Moomoo is one of the few online brokers with zero commission that allows you to perform paper trading anytime:
- Moomoo app is an all-in-one investment mobile app that let you trade on the go.
- Moomoo desktop, paper trade through the desktop trading platform.
With the Moomoo trading simulator, you can perform paper trade which functions like their normal account, and develop strategies without using any real money.
What makes Moomoo one of the best simulators?
What makes Moomoo different is that it offers traders the experience of paper trading without adding money to their trading platform. In addition, as a user of Moomoo, you can get access to its vast range of features and resources.
- Access to economic data
- Access to company profile
- Access to basic options tools
- Access to the company’s fundamentals.
- Access to the main technical analysis tools
- Allow customization of your trading dashboard
- Offers different types of orders (Market, Stop, Limit orders)
- Connect with the Moomoo community
What market can you do trade simulation with the Moomoo trading simulator?
Currently, Moomoo is one of the few low-cost trading simulators that trades in the following market:
- U.S. exchange-listed stocks and ETFs
- Hong Kong exchange-listed stocks and ETFs
- China (A-Share) exchange-listed stocks and ETFs
- Singapore exchange-listed stocks and ETFs
Other popular markets like the London stock exchange and Japan stock exchange are not available at the time being.
BEST FOR: Beginner Retail Investors and Professional Traders Looking For All-In-One Trading App to Invest in SG, US, HK and China.
securely through Moomoo’s website
2. Webull by Webull Financial LLC
Webull Paper Trading
Summary
Webull paper trading is a stock market trading simulator that simulates real trade on the Webull platform. Webull provides the complete trading experience with a variety of technical analysis tools, access to expert insight, and features that suits both new and experienced traders to become better in their investing and trading skills.
Webull is one of the few online brokers that appeals to mobile first generation, offering zero commission for US and Hong Kong trade with option to do paper trading:
- Webull mobile app offers a slick interface for investment on the go.
- Webull desktop offers a simple yet highly customizable platform for causal trading and investing.
With the WBbull trading simulator, you can do your online trading and investing like when you are using the normal funded account.
What makes WeBull one of the best simulators?
What makes Webull different is that it is focused on causal mobile-first generation traders and investors. With their paper trading platform, you can have unlimited virtual money to test our your investing strategy.
In addition, as a user of Webull, you can get access to its vast range of features and resources.
- Access to economic data
- Access to company profile
- Access to limited option tools
- Access to a wide range of charting tools
- Access to the company’s fundamentals.
- Access to the main technical analysis tools
- Allow customization of your trading dashboard
- Offers different types of orders (Market, Stop, Limit orders)
- Connect with the Webull community
What market can you do trade simulation with the Webull trading simulator?
Currently, WeBull allows you to perform trading simulations in the following market:
- U.S. exchange-listed stocks and ETFs
- Hong Kong exchange-listed stocks and ETFs
Other popular markets like the China (A-Share), London stock exchange and Japan stock exchange are not available at the time being.
BEST FOR: General Investors and Traders Looking to Invest Internationally in SG, US, HK and China stock market.
securely through Webull’s website
3. Longbridge Securities
Webull Paper Trading
Summary
Longbridge paper trading is a free stock market simulator that lets you practise investing and trading without risking real money. What I like about Longbridge is that the demo account is built into the same platform as its live trading account. You can practise with real-time market data, try different order types, use its charts and research tools, and even practise US options before putting real money at risk.
Longbridge offers a free Demo Account that allows you to practise trading without making a deposit or linking a funded bank account.
- Option to switch between your Live Account and Demo Account from the Longbridge platform, making it easy to practise before placing a real trade.
- Longbridge also offers simulated trading through its desktop platform.
For beginners, I think this is useful because you can learn how the trading platform works, understand different order types and test your investing strategy without worrying about making an expensive mistake.
What makes Longbridge one of the better trading simulators?
Longbridge’s simulator goes beyond simply letting you buy and sell virtual stocks. You get access to many of the tools available on the normal Longbridge platform, including:
- Real-time market data for major markets including the US and Hong Kong
- LongbridgeAI for market and company summaries
- Advanced charts and technical analysis tools
- Market and limit orders
- Conditional orders
- Stocks and ETFs
- US options paper trading
- Hong Kong warrants
- Portfolio and profit/loss tracking
- The ability to test investing and trading strategies without real money
Longbridge specifically highlights its AI tools as part of the paper trading experience. LongbridgeAI can help summarise market information and filter through market news while you practise making investment decisions.
I also like that US options are included in paper trading. Options can be much more complicated than buying stocks, so being able to practise concepts such as strike prices, expiry dates and premiums before using real money can be particularly useful for beginners.
What markets can you trade with the Longbridge trading simulator?
Longbridge currently documents paper trading support for:
- US stocks
- US ETFs
- Hong Kong stocks
- Hong Kong ETFs
- US options
- Hong Kong warrants
Its paper account also provides real-time quotes for US and Hong Kong markets. Longbridge’s developer documentation mentions A-share real-time quotes as well, but does not list A-shares as currently available for simulated trading.
BEST FOR: Beginner retail investors and traders looking to invest in US, HK & SG stocks with lifetime $0 commission.
securely through Longbridge’s website
Why Use Stock Market Trading Simulator?
“Practice makes perfect” is the tried and true formula for success.
Trading using paper money is the best way to get started in investing.
Learning to invest with the best stock market trading simulator is a great way to learn the ropes of stock trading without risking any of your own money.
With the best stock market trading simulators, you can explore the features, practice different investing strategies, see how the market reacts and get an idea of how the real stock market works.
Disclaimer: All views expressed in the article are independent opinion of the author, based on my own trading and investing experience. Neither the companies mentioned or its affiliates shall be liable for the content of the information provided. The information was accurate to the best knowledge of the author. This advertisement has not been reviewed by the Monetary Authority of Singapore. * T&C Applies
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Antony C. is a Singaporean dividend investor focused on building passive income through REITs, ETFs, and Dividend Stocks. With 15+ years of experience investing in Singapore, Hong Kong, and China markets, he founded IncomeBuddies.com to share practical wealth-building strategies tested in his own portfolio since 2008. His expertise has been featured in Yahoo Finance, Nasdaq, and NFAA, and he’s the published book author of "Start Small, Dream Big".