Best Virtual Trading Websites in India

In the world of trading where fortunes are made and lost, profits and losses loom large. These market fluctuations can be emotionally taxing especially for newbies who face the harsh realities of losses. Fortunately, there exists a multitude of paper trading websites that offer a helping hand to traders navigating these treacherous waters.

Enter the world of virtual or paper trading where digital currencies replace physical assets and wins and losses are confined to the digital world. One of the best part of virtual trading is to get accustomed to the trading platforms and the art of buying and selling without putting your real capital at risk. This guide will take you to the best paper trading websites and platforms to hone your trading skills.

#1 TradingView – First Among Most Popular Paper Trading Websites

Among these, TradingView reigns supreme, cherished by investors and traders alike for its sophisticated charting capabilities. When initiating a virtual trading account on TradingView, users embark on their digital trading journey with a generous USD 1,00,000 at their disposal, an amount readily customizable to suit individual preferences. While the default currency is USD, traders hailing from India can readily tailor their experience to align with their local stock market.

TradingView’s paper trading facility unveils a treasure trove of resources, including the invaluable PowerX Optimizer, which aids traders in pinpointing potential trading opportunities. What’s more, the trading simulator empowers users to effortlessly manage multiple charts simultaneously, making it a veritable game-changer in the realm of paper trading. These extraordinary attributes collectively elevate TradingView to the summit as the premier destination for paper trading enthusiasts.

Read Also: Virtual Trading In TradingView – Here’s Why It’s The Best

#2 Neostox Trading – India’s Dedicated Virtual Trading Platform

In recent years, Neostox has emerged as a formidable fintech player, tailored explicitly for the Indian market. At its core lies the Neostox virtual trading platform, a powerful tool for honing your trading skills. Users can navigate the financial markets with a whopping INR 1,00,00,000 (INR 1 crore) in virtual funds at their disposal. This digital treasure chest covers multiple market segments – equities to F&O and commodities with virtual money. A unique feature of the Neostox app is the real-time market feed so you get an experience of real trading without any delays.

But that’s not all; Neostox’s paper trading platform unveils many advanced features, including options and index analyzers, basket orders, hedge trading, and options chains. These are the tools for traders to improve their skills. The variety of instruments to trade and the depth of the platform has made Neostox the preferred choice for top B-schools like IIMs, IITs, ISB and NMIMS. Plus users can generate reports within the platform.

#3 MoneyBhai – Free Online Virtual Stock Trading Platform

MoneyBhai by Moneycontrol is another popular free online virtual trading platform. It allows you to trade across multiple asset classes – stocks, futures, options, commodities and currency. Like Neostox, MoneyBhai gives you a virtual portfolio with INR 1,00,00,000 (INR 1 crore) in virtual money. This digital treasure trove can be deployed to execute various order types, from market orders and GTD orders to short selling, GTC orders, and square-offs. But one drawback of MoneyBhai is that it doesn’t have charting capabilities so not suitable for technical analysis. But it’s a favorite among many due to its portfolio management, tracking and trading discussion features.

Read Also: Top 10 Most Expensive Stocks In India

#4 Zerodha – From India’s Biggest Stock Broker

Zerodha is a well-known name in the list of virtual trading websites in India. As the largest stock broker in India, Zerodha offers paper trading through its separate platform Streak. Streak allows you to not only trade virtually but also backtest various strategies. But Streak is a paid product and requires a subscription. Regular Zerodha users also get mock trading sessions organized by stock exchanges periodically. As stated above, all Zerodha users have free access to the Sensibull platform which offers several advanced features in the F&O segment.

#5 Trinkerr – Risk-Free Stock Market Practice

Trinkerr is a virtual trading platform that gives users INR 10 lakh in virtual funds to practice stock trading without any financial risk. It gives you a realistic market experience with 5 simulated indices like Nifty 50 and Bank Nifty and 22 pre-designed strategies to try out. It also has a back-testing simulator where you can test strategies with historical data before applying it in live markets. It’s very simple and user friendly so beginners can navigate and learn to trade easily.

Recent Developments for Trinkerr – Trinkerr has faced regulatory challenges due to SEBI’s new rules restricting live stock price data, leading to a pause in its gaming features and a business model rethink. But the platform is committed to compliance and investor protection. With over 800,000 investors, Trinkerr continues to be a learning space for traders, adapting to market changes and focusing on simulated trading.

#6 Sensibull – Virtual Trading for Options Traders

For those delving into the world of futures and options, Sensibull offers an invaluable solution for honing your skills. Much like the aforementioned alternatives, Sensibull bestows virtual money for trading options and equips users with the tools to create and analyze complex options strategies. And it also has market recommendations aligned with your views, and advanced users can get access to Greeks, payoffs, option chains and breakeven analysis.

Sensibull is an options trading platform that has features for both experienced and beginner traders. Key features include Strategy Builder, Free Option Chain, Open Interest tracking, Free Market Analysis and position analysis to help you make informed trading decisions.

Moreover, the Sensibull platform has now been made completely free for Zerodha users.

Read Also: Nifty PE Ratio – Most Important Points You Need to Know

#7 Trading Leagues – Gamified Stock Market Learning

Trading Leagues introduces a gamification approach to stock market learning. Designed for newcomers, it provides a safe space to explore volatile markets without risking real money. Users can engage in virtual trading across US, Crypto, and Indian markets, with four different leagues focusing on stock picking, price forecasting, portfolio creation, and day trading.

Read Also: Best option trading strategies for beginners

#8 AlgoTest – A Comprehensive Paper Trading Platform for Indian Traders

AlgoTest is a web-based platform designed for paper trading in the Futures and Options segment, offering a cost-effective way for traders to practice advanced strategies without financial risk, with plans starting at INR 49 per month. It supports major indices like Nifty, Bank Nifty, and Sensex, and features a user-friendly drag-and-drop interface that requires no coding skills. Users can also backtest strategies with historical data or practice in real-time with forward testing.

Integration with TradingView enhances the platform’s flexibility, and performance monitoring tools help track profits, losses, and portfolio performance. While trades experience slight delays due to NSE regulations, AlgoTest provides valuable resources for learning algorithmic trading, making it an ideal choice for beginners and experienced traders alike, despite its current limitation of not supporting cryptocurrency or non-Indian markets.

Best Paper Trading Apps India

One of the best ways to begin investing money in the market is to start with paper trading apps for options. Once you have practiced trading virtually, you are less prone to making blunders. Among the many paper trading apps India, TradingView paper trading is simply the best choice because of the various options the platform offers. Following is a list of some of the popular Paper Trading Apps in India.

1. FrontPage
2. Webull
3. NIOTA
4. NSE Virtual Trading App 2.0
5. Streak
6. eToro
7. eOption

Virtual Trading – No Magic Wand

Remember that while virtual trading platforms have their advantages, they also have limitations. Real trading involves managing emotions which often arise when real money is at stake. For example a 20% drawdown in real life affects investors differently than in a virtual environment. Virtual trading with no financial risk can leave investors unprepared for the emotional challenges of real life trading. To bridge this gap one effective solution is for investors to go on real trading journeys with small amounts of capital, get real life experience while protecting their overall financial well being.

In conclusion, paper trading apps and websites give traders a great opportunity to practice and improve their trading skills. Each of the platforms mentioned in this article has its own features and advantages. By using these virtual trading tools you can get experience and confidence before you go live with your hard earned money.

Best Virtual Trading Websites in India FAQs