Best Stock Market Trading Simulators Today (Quick Review)
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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
BEST FOR: General Investors and Traders Looking to Invest Internationally in SG, US, HK and China stock market.
securely through Webull’s website
BEST FOR: International Investors and Traders Looking to Invest only in the US stock market.
securely through Webull’s website
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.
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.
PS. This opinion article is purely informative and is for entertainment purposes only, IB’s ratings are determined by our editorial team. The scoring is strictly for information only and should not be used for the decision-making process.
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. ThinkorSwim by TD Ameritrade
Trading Simulator paperMoney® by TD Ameritrade
Summary
The paperMoney® is a trading simulator found on the ThinkorSwim platform by TD Ameritrade. It is a powerful trading platform that offers a variety of tools and features to help traders become more confident with their skills.
TD Ameritrade is one of the few low-cost stock trading brokers that offers virtual trading, and with paperMoney®, all trade simulation can be done through the:
- ThinkorSwim web platform that allows you to trade on desktop or tablet
- TD Ameritrade mobile app that let you trade on the go.
Through its paper trading simulator, ThinkorSwim allows users to simulate real-time trades using fake money in order to test out different strategies and develop their own.
What makes ThinkorSwim by TD Ameritrade different is that it offers free signup for a practice account to trade $100,000 virtual money with paperMoney®.
What makes ThinkorSwim by TD Ameritrade one of the best simulators?
What makes ThinkorSwim by TD Ameritrade different is that it offers free signup for a practice account, giving you opportunities to trade using virtual money at paperMoney® and access to a range of features used by professional traders.
- Access to economic data
- Access to company profile
- Access to a wide range of options and tools
- Access to the company’s fundamentals.
- Access to one of the most comprehensive lists of technical analysis tools
- Allow personal customization of your dashboard
- Offers different types of orders (Market, Stop, Limit orders)
- Connect with the TD Ameritrade community
What market can you do trade simulation with ThinkorSwim trading simulator?
Currently, ThinkorSwim by TD Ameritrade only allow trades in the following market:
- U.S. exchange-listed stocks and ETFs
Other popular markets like the London stock exchange, China (A-Share), and Hong Kong stock exchange are not available at the time being.
BEST FOR: International Investors and Traders Looking to Invest only in the US stock market.
securely through Webull’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.
We may earn commission if you buy via links on our site. While this may influence which products we write, it will not influence our opinions and evaluation. Learn more.
Read Also:
- How to Use Webull Singapore to Trade, Buy and Sell Stocks? (Beginner’s Guide)
- How to Use Moomoo to Trade, Buy and Sell Stocks? (Beginner’s Guide)
- Best Trading Platform For Beginners in Singapore (Students, NSF, Fresh Graduates)
- Day Trading For Beginners: Guide On How To Become a Day Trader
- Average Brokerage Fee in Singapore: 20+ Broker Fees Compared
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Antony C. is a dividend investor with over 15+ years of investing experience. He’s also the book author of “Start Small, Dream Big“, certified PMP® holder and founder of IncomeBuddies.com (IB). At IB, he share his personal journey and expertise on growing passive income through dividend investing and building online business. Antony has been featured in global news outlet including Yahoo Finance, Nasdaq and Non Fiction Author Association (NFAA).
