Best Paper Trading Apps For Android & iOS

Online Trading has marked a new era in the industry of the market. People are now looking forward to starting their business of trading online rather than on paper.

But before diving into a real stock market many of the people tend to practice their skills on stock market simulators.

The stock market simulators are like games that can be played by the newbies of the industry. People can use these simulators and gain an approach for trading through virtual money and not real money.

The simulators are just like real marketing platforms. These apps give your realistic idea about buying, selling and all of the other features of the stock market.

Today we will discuss some of the paper trading platforms that will be very beneficial to you if you are starting your career in the stock market.

1. Trading View – Paper Trading Simulator

On number one of the chat, we have Trading View Paper Trading Simulator this app has been in talks since the day it was launched by the makers. It is said that the app has one of the best charting platforms. A pro version of the app is also available but it requires some fees.

Advantages Of The App

  • One of the best charting platform
  • Virtual capital of 100,000, can be used to paper trade
  • Strategy Tester included
  • Create multiple dynamic charts that track different markets.
  • Draw on your charts.
  • 12 different alert conditions
  • Stocks based on your specific criteria.
  • Access to more than 50 worldwide exchanges and extended trading hours.

Pricing Of The App

There are four options available for the people to use the platform:-

  • Free
  • Pro — $9.95–14.95/month
  • Pro+ — $19.95–29.95/month
  • Premium — $39.95–59.95/month

Link For The App

You can go to the homepage of the application by clicking on the link given here- https://in.tradingview.com/scripts/simulator/

2.Moneybhai – Moneycontrol

Moneybhai Moneycontrol is one of the leading paper trading apps for the Indian audience. You are able to trade in stocks, mutual funds, fixed deposits and bonds through this application.

Advantages Of The App

  • You can trade in stocks, mutual funds, fixed deposits and bonds
  • You can invite your fellow traders
  • You can interact with players online
  • You can participate in the trading competition league
  • You can get actual market data from the share market
  • You get real-time exposure
  • There is the availability of a leaders dashboard, updated every 20 min.

Link For The App

You can go to the homepage of the application by clicking on the link given here- https://moneybhai.moneycontrol.com/

3. Stock Market Challenge 2 – Dalal Street

Another stock exchange simulator built by Indian makers is called Stock Market Challenge 2 – Dalal Street. The app provides the same features as of the previous one.

Advantages Of The App

  • You can understand the different trading nuances
  • You can test your investment strategies
  • You have virtual cash of Rs 1,000,0000 to create your portfolio
  • Real-time the stock market updates available
  • You can interface with other traders online

Link For The App

You can go to the homepage of the application by clicking on the link given here- https://www.dsij.in/apps

4. Trakinvest – Simulator

This simulator will help you to understand the procedure of placing an order. You will also be able to learn to track your position and use the charts in a much more practical way.

Advantages Of The App

  • Trading in 1 Exchange
  • A maximum of 10 Trades
  • Pin/Watchlist of stocks
  • You can interact with other traders
  • You can easily copy other trades
  • You can easily practice Game Simulations
  • Beginners’ guides and videos are available
  • Certification courses designed by industry experts are available
  • Simulations for competing for rewards

Link For The App

You can go to the homepage of the application by clicking on the link given here-

https://www.trakinvest.com/

5. MoneyPot

MoneyPot has a quite unique approach for a stock simulator game. Many people have been trying this new application recently and have started loving it.

Advantages Of The App

  • It is said to be a scalable virtual trading platform for colleges and university students.
  • You can get an experience of a real-time trading environment.
  • There is the availability of different trading strategies
  • There is the availability of competitions for prizes
  • You can interact socially with fellow players
  • Rs. 2 Lakh will be provided as virtual cash

Link For The App

You can go to the homepage of the application by clicking on the link given here- https://www.moneypot.in/

6. Sensibull: Virtual Trading Platform

Sensibull: Virtual Trading Platform is one of the most recent virtual trading platforms. It was launched recently in the Indian market.

Advantages Of The App

  • You can create different portfolios
  • You can keep different strategies
  • You can check the profit and loss separately.
  • Real Stock Exchange services also available for the users
  • The users get a virtual trading capital of ₹ 20,000,0000

Link For The App

You can go to the homepage of the application by clicking on the link given here- https://papertrade.sensibull.com/

Conclusion

There are a lot of different platforms coming in the race of becoming the most suitable paper trading app day by day.

You have to invest in the app which is more suitable according to your preferences. This list has been prepared by keeping in mind the advantages and features that are provided by each and every app.

The need for paper trading apps is really high because many of the people fail to understand the basics of the stock market and then they face big losses.

A person must invest in the application that suits his or her requirement and preferences. Although, according to us you must definitely go for the Trading View Paper Trading Simulator.

The app consists of all of the features which are required to learn about stock market and stock exchange. The plans available in the application are also quite flexible.

You don’t even need to buy any plan if you don’t want to. You can continue on their free plan and learn about the stock market.