Best Paper Trading Apps

top paper trading platforms

Looking to hone your investing skills risk-free? Explore top paper trading apps like Etoro, Interactive Brokers, TD Ameritrade, and TradeStation. Etoro offers a user-friendly interface and a vibrant learning community. Interactive Brokers lets you trade globally in various markets and supports crypto trading. TD Ameritrade provides commission-free trading and no-transaction fee mutual funds. TradeStation focuses on education, with virtual trading options and powerful charting tools. These apps offer the perfect platform to practice investing strategies. Discover how these apps can enhance your trading experience.

Key Takeaways

  • Interactive Brokers offers $1 million virtual money for practice in various markets.
  • Etoro provides a demo account with innovative copy-trading features.
  • TD Ameritrade offers a paper trading account and commission-free trading.
  • TradeStation emphasizes education, virtual trading, and powerful charting tools.
  • Each platform caters to different needs, from user-friendly interfaces to advanced trading tools.

Top Paper Trading Apps

When exploring the domain of paper trading apps, you'll find a diverse array of options catering to different needs and preferences. In the world of paper trading, where you can practice trading without risking real money, it's important to choose the best platform that suits your style.

One standout option for paper trading is Interactive Brokers. Not only does it support trading in stocks, options, and other investments online, but it also allows access to 135 markets in 33 countries, making it a robust choice for those interested in a wide range of trading opportunities.

Interactive Brokers is a fantastic platform for those looking to immerse themselves in the stock market and explore different markets without using real money. With its support for crypto trading as well, it provides a thorough experience for traders wanting to test their strategies in various financial avenues.


Interactive Brokers offers a robust platform for paper trading. Moving on to discuss Etoro, another top contender in this domain, sheds light on a platform known for its user-friendly interface and innovative copy-trading feature.

eToro stands out as a community-driven platform where you can trade a wide range of assets virtually. One of its standout features is the copy-trading feature, allowing you to replicate successful investors' trades. By utilizing eToro's demo account, you can practice trading without risking real money. While the demo account is free, keep in mind that live account fees apply for actual trading.

With over 20 million users globally, eToro provides a vibrant community for learning about investing. Whether you're interested in paper trading stocks or options trading, eToro offers a comprehensive platform to hone your skills and explore the world of virtual trading.

Interactive Brokers

Offering $1 million in virtual money for practice, Interactive Brokers provides a robust platform for paper trading, making it an exceptional choice for honing your investment skills in a risk-free environment. As one of the best paper trading platforms available, Interactive Brokers equips users with a stock market simulator that allows them to experiment with various investment choices.

The platform stands out for its extensive practice opportunities, offering access to a wide range of markets and trading instruments. Whether you're new to trading or a seasoned investor looking to refine your strategies, Interactive Brokers caters to traders of all levels who seek to develop their skills in a risk-free setting.

With its reputation for being a top online paper trading learning platform, Interactive Brokers is a popular choice among those aiming to enhance their trading abilities without risking real capital.

TD Ameritrade

If you're seeking a user-friendly platform with commission-free trading and a wide selection of investment options, TD Ameritrade may be the right choice for you.

TD Ameritrade, one of the prominent online brokerages, offers a simulated trading environment through its paper trading account. This feature is particularly beneficial for beginner traders who want to gain experience without risking real money.

With over 800,000 daily trades and serving more than 11 million clients, TD Ameritrade guarantees a robust trading experience. The platform is known for its commission-free trading for stocks, ETFs, and options, making it cost-effective for users.

Additionally, TD Ameritrade provides access to 4,100 no-transaction fee mutual funds, catering to various investment preferences. Being regulated by the SEC and FINRA, TD Ameritrade adheres to strict standards, offering a secure trading environment for its users.

If you're considering a platform that combines user-friendliness, commission-free trading, and a wide array of investment options, TD Ameritrade is a solid choice.


TradeStation stands out in the online trading world for its emphasis on education and innovative trading tools. If you're looking to enhance your trading skills, TradeStation offers a virtual trading environment where you can practice without risking real money. The platform's charting tools are powerful, providing valuable insights to help you make informed investment decisions. For swing traders, TradeStation's news section tailored to market trends is a great resource to stay updated.

When it comes to executing trades, TradeStation offers fast and reliable trade execution along with real-time market data, ensuring you can act swiftly in response to market movements. Additionally, TradeStation provides a wide range of investment offerings and tutorials to help you sharpen your skills and expand your trading knowledge. Whether you're a beginner looking to learn or an experienced trader wanting to improve, TradeStation's focus on education makes it a top choice for traders at all levels.

Frequently Asked Questions

Which Platform Is Best for Paper Trading?

For virtual trading options, simulation strategies, and online practice accounts, consider platforms with robust learning tools, trading simulations, market simulations, practice platforms, and investment simulations. Demo accounts offer a risk-free environment to hone your skills.

Can I Paper Trade on My Phone?

Yes, you can paper trade on your phone with ease. Enjoy mobile trading capabilities, a user-friendly interface, real-time market data, customizable watchlists, virtual trading competitions, advanced charting tools, paper trading limits, portfolio tracking features, educational resources, and interactive trading simulations.

Is Paper Trading Good for Beginners?

Paper trading is an essential tool for beginners to learn trading strategies, understand market dynamics, and develop skills without risking real money. It builds confidence, hones decision-making, and prepares you for real trading.

Can You Make Money Paper Trading?

You can make money paper trading, but it's virtual, not real cash. Success in paper trading doesn't always mean success in real trading. Focus on learning strategies and gaining experience. Understand the risks and benefits.


Overall, selecting the best paper trading app for your needs is essential for honing your investing skills without risking real money.

With options like Etoro, Interactive Brokers, TD Ameritrade, and TradeStation, you have a variety of platforms to choose from.

Don't hesitate to explore these apps and find the one that suits you best.

Remember, practice makes perfect, and with the right app, you'll be on your way to becoming a trading expert in no time.

Author: Adam Smith