Simulations of the stock market make it easy to practice buying and investing without putting real money at risk.
There are a lot of moving parts in the stock market. As they learn how the stock market works, it’s way too easy for new traders and buyers to lose money.
Paper trading lets people who are new to buying try it out with fake money. A fake site that looks like the real stock market lets users buy and sell stocks. When you’re ready to trade with real money, you can learn all about the best tools for new stock traders. You can choose from a number of stock market models, but not all of them are the same. Some cost money, and some are free. Some long-term investments and some that traders make.
Best Stock Market Simulator Apps to Use
It doesn’t matter how much money you have. With these best trade simulator apps for Android, anyone can feel like they are trading. We made this list of stock market apps on Reddit for interested people.
1. Selfwealth
You can trade Australian shares for a flat AU$ 9.50 per trade and US shares for US$9.50 with the great Selfwealth trading app.
It is one of the first low-cost platforms in Australia that was supported by CHESS and became famous. It now has more than 100,000 customers.
2. moomoo
As one of the newer fintech companies that are shaking up the market, Moo Moo has been competing for control in the Australian online trading market since 2022.
It goes up against Tiger Brokers, Stake, Selfwealth, and, to a smaller extent, eToro if you want to get into the stock market for the lowest possible price.
3. Tiger Brokers
Tiger Brokers is an online exchange app that has over 2 million accounts and over $219B worth of trades every year.
A foreign trading platform called Tiger Brokers was started by Wu Tianhua in 2014. It has offices in Sydney, Auckland, Singapore, Beijing, and New York.
The company is overseen by the Australian Securities and Investments Commission (ASIC).
4. eToro
If you want a stock trading app that is easy to use and has excellent social trade features, eToro is it.
This trading tool has been around since 2007 and is excellent for new and experienced traders alike because it is easy to use and doesn’t charge fees for stocks and ETFs. The EU, the UK, and Australia all have rules about it.
5. TradeStation
We picked TradeStation as the best day trading tool for 2024, and day traders love it. It comes with a free trading simulator. It has all the charting and analysis tools you need to try out your trade strategies before you actually start trading.
You can use real-time data, unlimited paper trade dollars, and back-testing in TradeStation’s trading simulator. With its paper trade simulator, you can really learn anything you want.
6. NinjaTrader
NinjaTrader is another broker that is designed to help busy traders, just like TradeStation. If you are thinking about TradeStation, you should also look at NinjaTrader. Its interface and functions suit you better.
NinjaTrader is an excellent choice because it has backtesting, charts, indicators, analysis tools, a stock screener, and many assets, such as stocks, futures, and forex.
There is no web-based version of NinjaTrader Simulate; you have to download it. Only active day traders who like Ninja Trader’s interface, usefulness, and features better than TradeStation should use it.
7. Pilot Trading
Pilot Trading is a place for traders who do a lot of business.
Its primary offering is algorithmic trading signals, which use AI to figure out how people feel about the market. You’re not the only one who thinks that’s impossible.
That’s why the company has a paper-trading model. Pilot Trader makes it easy to test your trading skills in a real-life setting, all while trying to sell you their trade signals.
But if you don’t like trade signals, the trading platform is simple to use and can help you feel better about your short-term plans.
8. thinkorswim
Thinkorswim from TD Ameritrade has been the standard for active trading tools for a long time.
A lot of brokerages have made tools that compete with thinkorswim in the last few years, but hundreds of thousands of traders still choose it.
You can trade currencies, cryptocurrencies, stocks, options, futures, and more virtually. Because thinkorswim is so powerful and has so many charting options and indicators, you can try an infinite number of strategies.
9. MarketWatch
The game parts of MarketWatch make up this list. You can make an account and designate the rules for a game of trading that you can play with your friends.
When I was a senior in high school, my teacher set up an investment game for the first part of my finance class.
I came in very last, but since then, I’ve been hooked on the stock market. I think this is one of the best ways to get kids interested in investment.
10. WallStreetZen
WallStreetZen is, in my (maybe slightly biased) view, the best app to watch and keep an eye on stocks in 2024.
It comes down to staying up to date in 4 areas in order to keep an eye on your stocks:
11. Morningstar
Morningstar is a good choice if you want data, analytics, and objective, third-party research.
In the world of stocks, bonds, and investment funds, Morningstar is one of the most well-known names. Wealth managers and skilled investors all over the world use them all the time.
If you want to keep track of your investments, you should switch to Morningstar Premium to get full access to their Portfolio Manager:
12. Seeking Alpha
If you want to learn from investing experts and other investors, keep an eye on your stocks, and use study tools, Seeking Alpha is likely the best stock monitoring app for you.
People who write for the website every day share their thoughts on their favourite and least favourite investment options.
13.Stock Rover
On Stock Rover, investors can find almost any essential criterion they can think of, as well as a vast collection of company financial statements. Because of this, we think it’s the best stock screener for buyers who plan to hold on to their stocks.
14. TradingView
Any of these stock screeners would do a good job, but TradingView really shines when it comes to the number of securities it covers. This includes stocks and funds from all over the world. TradingView is our choice as the best stock screener for trading around the world because of this.
15. Trading Game
The trading game is an app that lets you practice forex trading. It has a lot of features and tips that professionals use. It does, however, feel like a game where you can learn more about forex, trade, and the stock market.
This app teaches you how to become a great investor by showing you different ways to make money and how to make the market change.
16. TradeHero
Another great app is Trade Hero. Its easy-to-use design makes it easier to understand and study the market. It has a virtual mode where you can practice investing before moving on to a real money account. You can try out a site with no commissions by starting with a small investment of USD 50.