VOL. XCIV, NO. 247
FIND MY MOAT EDITOR PICKS
Editor order · Top 16 tools
Best Paper Trading App Picks, Simulators & Demo Accounts
Our editor-ranked paper trading apps, simulators, and demo accounts. Global vote totals are shown separately.
This curated list focuses on finding a paper trading app before real capital is at risk: virtual cash accounts, broker paper accounts, stock market simulators, chart-based paper trading, replay practice, demo accounts, and algorithmic paper deployment. Use stock trading software for live execution, order routing, and broker comparison; use backtesting software for historical strategy tests and portfolio simulations.
Editor-ranked · Global vote totals · Not financial advice
Top 10 Tools
- 1Top pick
Webull provides web, mobile, and desktop trading for stocks, ETFs, options, fractional shares, paper trading, charts, and order tools. Separate Webull services cover futures, crypto, and advice. It does not provide full tax accounting or a professional data terminal.
Best forBrokerage tradingOptions dataPortfolio trackingMarket monitoringWatch-outsU.S. eligibility rulesCash rate is app-only0Global votesFree tierPaid onlyPricingTransaction-priced · Fees vary by offer and jurisdictionPlatforms - 2
TradingView combines charts, screeners, alerts, Pine Script, paper trading, and broker connections across many asset classes. Basic is free. Paid plans raise chart, indicator, alert, watchlist, history, and portfolio limits. Some real-time exchange data costs extra.
Best forChartingTechnical analysisPaper tradingAlertsBroker-connected tradingWatch-outsReal-time market data can require add-onsFree plan has tight chart and alert limits - 3
Charles Schwab combines a U.S. brokerage, research, screeners, tax workflows, thinkorswim, paper trading, alerts, market data, and Trader API access. It suits investors who want one regulated account for long-term investing and active trading. It is a broker, not an open market-data API.
Best forBrokerage tradingPaper tradingBroker-connected tradingMarket monitoringFinancial data APIWatch-outsAdvanced products need approvalAPI access is not open data0Global votesFree tierPaid onlyPricingTransaction-priced · Fees vary by offer and jurisdictionPlatforms - 4
Interactive Brokers serves active investors, professionals, quantitative traders, and institutions across global markets. It supports advanced orders, SmartRouting, APIs, paper trading, and portfolio analysis. Products, commissions, data fees, protection, and API limits depend on market, account, entity, and country.
Best forBrokerage tradingBroker-connected tradingPaper tradingPortfolio analyticsMarket monitoringWatch-outsCommission and market-data details vary by marketReal-time market data often requires subscriptions0Global votesFree tierPaid onlyPricingTransaction-priced · Fees vary by offer and jurisdictionPlatforms - 5
E*TRADE from Morgan Stanley covers taxable, retirement, custodial, trust, estate, and business accounts. It offers $0 online U.S.-listed stock and ETF trades, Power E*TRADE, options, mutual funds, bonds, research, selected fractional securities, and tax or transfer support. Its standard cash sweep pays 0.01% APY below $500,000.
Best forBrokerage tradingOptions dataPortfolio trackingMarket monitoringWatch-outsLow default cash rateFractional rollout is bounded0Global votesFree tierPaid onlyPricingTransaction-priced · Fees vary by offer and jurisdictionPlatforms - 6
eToro is a multi-asset broker with social trading. Depending on location, it offers stocks, ETFs, options, crypto, commodities, and currencies, plus CopyTrader, Smart Portfolios, fractional investing, and a demo account. It favors ease and community over deep research or tax-lot tools.
Best forBrokerage tradingPaper tradingPortfolio trackingMarket monitoringPortfolio watchlistsWatch-outsCrypto and regional availability varyCrypto carries explicit trading fees0Global votesFree tierPaid onlyPricingTransaction-priced · Fees vary by offer and jurisdictionPlatforms - 7
Investopedia combines free finance education, market news, explainers, calculators, newsletters, and a Stock Simulator. It is useful for beginners, students, educators, and practice accounts. The simulator uses delayed data, limited exchanges, and limited options, so it is not live execution or professional trading infrastructure.
Best forPaper tradingInvestment newsStock researchFundamental researchPortfolio trackingWatch-outsEducational, not professional tradingSimulator options are limited - 8
TC2000 provides charts, screening, alerts, paper trading, options analysis, and brokerage trading for U.S. stocks, ETFs, and options. The anonymous free version is limited; paid plans and optional data feeds add real-time workflows.
Best forChartingTechnical screeningBrokerage tradingPaper tradingOptions dataWatch-outsLimited free accessAdd-on data fees - 9
MarketWatch combines Dow Jones financial news with quotes, watchlists, screens, calendars, BigCharts, options chains, fund research, rates, newsletters, and Virtual Stock Exchange. It is a consumer market site, not a broker, professional terminal, API, or modeling system; delays and subscription boundaries still apply.
Best forInvestment newsMarket monitoringPortfolio watchlistsStock screeningPaper tradingWatch-outsSubscription is mainly for journalismMarket data can be delayed - 10
QuantConnect uses the open-source LEAN engine for research, backtesting, cloud deployment, broker connections, and live algorithmic trading. It is for technical Python and C# users building systematic strategies, not a simple charting app.
Best forQuant researchStrategy backtestingPaper tradingBroker-connected tradingOptions dataWatch-outsPlan and add-on complexityTechnical users only
- 11
QuantRocket is a Docker and Jupyter quant stack for research, backtesting, data, and live trading. It suits technical Python users who want local infrastructure, Interactive Brokers integration, point-in-time data, and CLI or API workflows.
Best forQuant researchStrategy backtestingPaper tradingBroker-connected tradingMarket data APIWatch-outsTechnical setup requiredFree tier is research-only - 12
MesoSim is an options backtesting service with low-code strategies, multi-leg simulations, risk graphs, Greeks, volatility surfaces, margin models, and paper or live workflow paths. It is options research, not general stock research or portfolio accounting.
Best forStrategy backtestingOptions dataPaper tradingQuant researchAI research workspaceWatch-outsOptions-specific scopeAPI is FundPro-only - 13
Option Alpha helps retail options traders find ideas, backtest rule-based strategies, paper trade, and automate supported stock and defined-risk workflows through connected brokers. It is software, not a broker; live support depends on the broker, account, symbol, strategy, and country.
Best forStrategy backtestingPaper tradingBroker-connected tradingQuant researchOptions dataWatch-outsRetail non-professional users onlyBroker and jurisdiction constraints - 14
FX Replay lets traders replay forex, futures, stocks, crypto, and commodity markets in a browser. It supports multi-chart sessions, multi-asset tests, journaling, checklists, risk simulation, CSV import, and an economic calendar. It does not automate strategies or place live broker orders.
Best forStrategy backtestingPaper tradingTechnical analysisMarket monitoringPortfolio analyticsWatch-outsManual replay, not automated strategy engineSeconds, futures, and stocks require Pro - 15
Markets.com is a global CFD broker with web, mobile, desktop, MetaTrader, TradingView, and social or copy trading across supported products and jurisdictions. It is an execution service, so availability, protections, and costs vary by country. A free account does not remove spreads, swaps, FX, taxes, or other charges.
Best forBrokerage tradingPaper tradingTechnical analysisChartingMarket monitoringWatch-outsCFD risk and jurisdiction limitsTrading is not free despite free account0Global votesFree tierPaid onlyPricingTransaction-priced · Fees vary by offer and jurisdictionPlatforms - 16
Tickeron uses AI for screens, stock signals, pattern detection, paper trading, robots, and short-horizon ideas across stocks, ETFs, funds, crypto, and forex. It is for active idea generation, not guaranteed returns or a substitute for a broker.
Best forAI research workspaceStrategy backtestingTechnical analysisPaper tradingAlertsWatch-outsComplex pricing surfaceTrading signals need risk controls
Prefer a free paper trading app?
See the 10 paper trading apps with durable free access for virtual cash, demo accounts, simulators, chart practice, replay, or algo paper deployment.
Explore free paper trading appsBest Paper Trading App Picks, Simulators & Demo Accounts FAQ
What belongs on this paper trading apps page?
This page is for tools that let traders practice with virtual cash, demo accounts, stock simulators, chart-based paper trades, replay sessions, or algorithmic paper deployments before risking real money.
How is this different from stock trading software?
Stock trading software is live-execution-first, covering brokers, order routing, commissions, and real accounts. This page is practice-first and focuses on simulated execution workflows.
How is this different from backtesting software?
Backtesting software evaluates strategies against historical data. Paper trading apps simulate forward practice, demo execution, virtual accounts, or replay sessions without placing real-money trades.
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Feedback
Spot something off, stale, or missing? Tell us how this list, vote tallies, or a tool listing could be better.
Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.