Discover the 9 best stock market simulators for practicing trading with virtual money, helping you build your skills risk-free.

Introduction

Trading in the stock market can be both exhilarating and daunting. With the inherent risks involved, especially for newcomers, mastering trading strategies without financial loss is crucial. This is where top virtual trading platforms come into play. Stock market simulators allow you to practice trading with virtual money, offering a risk-free environment to hone your skills. In this guide, we’ll explore the top 9 stock market simulators available in 2025, each designed to enhance your trading prowess and build financial confidence.

1. TradingView

Best for: Active traders (day and swing traders)
Platforms: Desktop
Cost: $16.95/month for Essential (after a 30-day free trial)

TradingView stands out as a premier platform for charting and trading simulation. Its “Bar Replay” mode enables traders to set specific days, timeframes, and indicators to practice long or short trades. The intuitive interface mimics popular smartphone experiences, making it easy to navigate despite its robust features. While it requires a subscription, the depth of tools and seamless user experience make TradingView a top choice for serious traders.

TradingView Interface

Meta Description: Enhance your trading skills in 2025 with our guide to the top 9 stock market simulators. Practice risk-free with the best virtual trading platforms available.

2. eToro

Best for: New investors who want to practice placing trades on a real brokerage
Platforms: Desktop and Mobile
Cost: Free (additional fees may apply for other features)

eToro offers a robust Demo Account with $100,000 in virtual currency, allowing newcomers to practice trading stocks, ETFs, and cryptocurrencies without financial risk. Its social trading features, including CopyTrader, enable users to emulate seasoned traders, fostering a collaborative learning environment. Accessible via both desktop and mobile, eToro is ideal for those who prefer trading on the go.

3. thinkorswim by TD Ameritrade

Best for: Schwab customers and traders who want to use thinkorswim software
Platforms: Desktop and Mobile
Cost: Free

thinkorswim is renowned for its comprehensive trading tools and is a favorite among active traders. The paperMoney feature allows users to simulate trading across a wide range of assets, including stocks, options, and futures. While its extensive features may present a learning curve, thinkorswim’s powerful capabilities make it a top-tier choice for those committed to serious trading.

4. TradeStation

Best for: Active traders who want a free simulator and need a brokerage account
Platforms: Desktop and Mobile
Cost: Free

TradeStation offers a seamless transition from simulation to live trading with its identical interface. Users can practice trading stocks, options, and futures with real-time data and unlimited virtual funds. Additionally, TradeStation supports algorithmic trading, making it an excellent option for programmers looking to develop and test automated strategies.

5. Moomoo

Best for: New traders who want a free stock bonus
Platforms: Desktop and Mobile
Cost: Free

Moomoo combines the strengths of eToro and TradeStation, offering a versatile platform for both new and active traders. It provides access to multiple markets, including U.S., Hong Kong, and China-A-shares, along with the enticing offer of up to 60 free shares upon signing up. Designed with a younger audience in mind, Moomoo excels in mobile trading experiences.

6. MarketWatch Virtual Stock Exchange

Best for: Creating or participating in investing games
Platforms: Desktop
Cost: Free

MarketWatch’s Virtual Stock Exchange allows users to create custom investing games, making it an excellent tool for educators and groups. By setting specific parameters and inviting friends or students, MarketWatch fosters a competitive and educational trading environment. This feature is particularly beneficial for introducing young investors to the stock market in a fun and interactive way.

7. NinjaTrader

Best for: Futures traders
Platforms: Desktop and Mobile
Cost: Free

NinjaTrader offers a specialized platform for futures traders, providing both live and simulated trading options. Its fast, web-based interface allows users to practice placing orders, setting stops, and managing profit targets efficiently. NinjaTrader is ideal for those focused on futures trading, offering tailored tools to refine their strategies.

8. HowTheMarketWorks.com

Best for: Educational resources and investing games
Platforms: Desktop
Cost: Free

HowTheMarketWorks is dedicated to educating beginner investors about market mechanics. It features a trading simulator and competitive investing games that enable users to learn alongside peers. The platform emphasizes education over extensive trading tools, making it perfect for those who prioritize learning the fundamentals of investing.

9. Pilot Trading

Best for: Aspiring algorithmic traders
Platforms: Desktop
Cost: Free

Pilot Trading distinguishes itself with its focus on algorithmic trading signals. Users can practice trading based on these signals in a realistic simulation environment, allowing them to refine their algorithmic strategies without financial risk. Even for those less interested in algorithms, Pilot Trading offers a solid platform for developing general trading skills.

What is a Stock Market Simulator?

A stock market simulator is software that replicates the trading and investing experience using virtual currency. Known as “paper trading,” it allows users to test strategies in real-time or through historical data without risking actual money. Simulators support trading across various assets, including stocks, ETFs, options, and cryptocurrencies, providing a comprehensive training ground for both novice and experienced traders.

Should You Use a Simulator to Practice Trading Stocks?

Absolutely. For long-term investors and day traders alike, using a stock market simulator is invaluable. It provides a safe environment to experiment with different trading strategies, understand market fluctuations, and develop financial resilience without the emotional stress of real-money losses. By leveraging top virtual trading platforms, traders can refine their approaches and boost their confidence before entering the live market.

Conclusion

Stock market simulators are essential tools for anyone looking to enhance their trading skills and develop effective strategies without financial risk. Whether you’re a beginner seeking educational resources or an active trader aiming to test advanced techniques, the platforms listed above offer diverse features to meet your needs. Embrace these top virtual trading platforms in 2025 to take your trading journey to the next level.

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