We all know someone who constantly reminds us about the money-making potential of the stock market, continually nagging us to invest and make our money work for us. But if you’re new to investing, betting on stocks can be frightening—at least from the first looks of it. 

With risks come great rewards! And if you don’t try it yourself, you will never realize the true potential of your investing and trading skills! 

Making investments and trading strategies, keeping up with the latest in the economy and business world, and tracking the charts during trading hours keep investors on their toes. 

Do you have what it takes? Find it yourself without actually betting your money with stock market simulators that help you practice stock market investments and trading in a completely risk-free environment. 

How do Stock Market Simulators Work? 

Stock market simulators might seem like a stock market game. With many of them not charging a single penny, they may seem like a free stock market game. But there’s much more to them. 

To be sure, stock market simulators are similar to real-world trading platforms. But instead of buying and selling stocks with real money, they allow you to trade with virtual money. 

They use real-time data to mirror actual trading conditions and provide you insights into your portfolio’s performance so that you can track your hits and misses without worrying about losing any real money. 

Plus, you get to charts and news feeds to shape your investments. Some simulators also have educational resources and community features that make it easier for a novice to become a pro in no time. 

Now that you know how a stock market simulator can beef up your stock trading game, let’s explore the best stock market simulators. 

Best Stock Market Simulators

Here’s the list of the best stock market simulators available in the market today: 

Platform	Features	Virtual Money Offered
eToro	Social trading, real-time data	$100,000
Moomoo	Advanced order types, real-time data	$1,000,000
TradeStation	Futures trading, real-time data	Unlimited
NinjaTrader	Advanced order types, real-time data	$50,000
MarketWatch	Real-time quotes, news, and signal services	Up to $10,000,000
RoboForex	Automated trading, real-time data	No info
HowTheMarketWorks	Beginner-friendly, real-time data	$100,000

1. eToro 

eToro, an Israel-headquartered social trading and multi-asset investment company, offers one of the best stock marketing simulating platforms. Its demo account replicates the real trading environment in every way. 

Using the demo platform, learners can access a dashboard that mimics a real-world trading dashboard. You also get $100,000 in virtual currency to place your bets, track your portfolio, and do much more. 

Pros of eToro:

• eToro has a simple-to-use platform that is ideal for beginners. 
• It gives users real-time data with the latest information to shape their investment strategies.

Cons of eToro:

• eToro’s feature to switch between real and virtual accounts can be confusing and can lead to accidental use of actual funds if you’re doing both. 

2. Moomoo

Moomoo’s stock simulator has a wide range of investment options. Using its features like real-time quotes, pro-level tools, and community-driven trading, beginners can up their game in no time. 

Users can practice share market trading using stocks in the US and global stock markets: Hong Kong, Singapore, and China-A-shares. The app also gives access to options trading, including index options.

Pros of Moomoo:

• Moomoo offers advanced order types and lets people improve their trading strategies.
• The free version has many attractive features to learn how to trade. 
• Its learning platform is robust and user-friendly.

Cons of Moomoo:

• The free version of Moomoo has limited features. 

3. TradeStation

US-based TradeStation operates several online trading platforms, including a market simulator, essentially a virtual stock market game. It is one of the few platforms that gives learners unlimited demo currency. 

Using TradeStation, you can test your back-test stock, options, and futures trading strategies. The availability of decades of historical market data makes it an even more compelling choice for paper trading. 

Pros of TradeStation:

• TradeStation provides a professional simulator with advanced features.
• The simulator is handy for learning options and futures trading.
• TradeStation is known for its good customer service.

Cons of TradeStation:

• TradeStation has a steep learning curve.
• It takes time to understand all its features fully. 

4. NinjaTrader

NinjaTrader is another popular brokerage from the US. Like most brokerages, the company also runs a stock market game where you can test your share market trading skills in a risk-free, simulated environment. 

The simulator features a trading environment with a live-streaming market. The platform can be used by new traders who are just getting started and is suitable for experienced traders testing new strategies. 

Pros of NinjaTrader:

• NinjaTrader offers advanced tools and features which make it suitable for experienced traders.
• The platform allows users to customise their trading experience with various tools and indicators.
• NinjaTrader provides real-time data to provide users with the most up-to-date information.

Cons of NinjaTrader:

• The platform can be overwhelming for beginners due to its advanced features.

5. MarketWatch

MarketWatch, which started as a media firm and is primarily known for reporting finance, business, and economic news, operates its stock market simulator game on the MarketWatch Virtual Stock Exchange. 

Besides a trading simulator, MarketWatch has various other stock market-based games where you can challenge your friends or co-workers. At present, more than 40,000 games are being played at MarketWatch. 

Pros of MarketWatch:

• MarketWatch offers news and signal services, which can be valuable for traders.
• MarketWatch has a user-friendly interface.
• Option to compete against friends and colleagues. 

Cons of MarketWatch:

• MarketWatch has limited trading features since it’s primarily a news and signals platform. 

6. RoboForex

RoboForex is another market simulator platform that you can try out to become an expert stock market trader with automation skills. It provides a demo platform similar to a real platform and is suitable for all types of trading. 

Using RoboForex, you can trade stocks and other asset types, such as soft commodities, ETFs, Energies, Metals and Currencies. On top of all, the platform offers rewards in the form of virtual rebates for using its demo account. 

Pros of RoboForex

• RoboForex has automated trading features that help test algorithmic trading strategies.
• The platform provides real-time data. 

Cons of RoboForex:

• RoboForex is primarily an automated trading platform with limited trading features.
• The platform provides limited market coverage. 

7. HowTheMarketWorks 

HowTheMarketWorks is one of the few platforms that train people in stock market trading. It is primarily targeted towards school students but can be used by anyone for free.

HowTheMarketWorks is used by over 10,000 teachers and 475,000 students annually. The platform offers student lessons, tutorials, teacher resources, and more. 

Pros of HowTheMarketWorks:

• HowTheMarketWorks.com is made for beginners and could be an excellent option for those new to trading.
• HowTheMarketWorks.com gives toolkits for traders to learn the ropes and develop new strategies.

Cons of HowTheMarketWorks:

• The platform has limited features, which may need to be improved for advanced traders.
• HowTheMarketWorks.com provides limited market coverage. 

Final Words

With this list, we aimed to introduce the most popular stock market simulators to people sitting around the fence and ready to jump on the bandwagon. We hope this list will help them gain confidence to start exploring earning opportunities in the stock market. 

Stock market simulators are a great tool to learn trading. But what if we tell you there is a better way to learn the stock market game? 

Introducing StockPe, where you can play, learn, and earn money. The platform also allows you to create a portfolio across stocks and crypto, compete with friends, and withdraw your winnings.  

Start Learning & Earning With StockPe

Frequently Asked Questions?

1. Are stock virtual stock market games free to play?

Ans: Yes, most virtual stock market simulators are free to use. However, a few may require a subscription to access advanced features. 

2. Should I invest real money to learn stock market trading?

Ans: No, you can learn stock market trading for free by using a stock market simulating platform. You can learn how to trade and test your investment strategies with these platforms. 

3. Are stock market games only for beginners?

Ans: Actually, stock market simulators are for more than just beginners, as expert traders can test their new strategies before deploying them in natural market conditions. 

4. Can you win real money by playing demo stock market games? 

Ans: While learning stock market trading with stock market simulators, you may not win real money, but you can win other rewards for using the platforms.