Best Paper Trading Apps In India

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If you are new in the Stock market and you want to learn stock trading and options trading without risking your money then best way is to use Paper Trading Apps .  They are free of cost and do not charge any brokerage also you dont need any demat account. I have found 5 best paper trading apps in India also some paper trading apps for options trading . Paper trading of options is much needed thing because in normal trading you have to pay minimum 50Rs brokerage charge for 1 lot . You can save this money by using paper trading apps .

 

1.NeoStox

NeoStox is a best paper trading platform for options trading I have ever used . On this platform you can trade stocks , futures and options for free . Neostox is completely free for use also you dont need to see any ads . Once you create account in Neostox  you will get RS 1000000 balance , by using this you can trade . This app provides additional feature such as you can make your strategies such as straddle and strangles , you can download market report ,you can analyse stocks . Neostox is only app in India on which you can paper trade commodities . You can use this platform on windows also .

 

Pros :

  1. Trading experience in Neostox is very smooth , you willl not realize that you are doing paper trading.
  2. They provide real time charts ,similar as zerodha and upstox.
  3. There are no ads .
  4. User interface is very good.
  5. They also provides stock market learning courses.

Cons :

  1. They are in early stages of development.
  2. Charts are not smooth .

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2.Trading View

Trading view paper trading is the most used paper trading app in the world . They provide best charting experience for free . On this app you can back test your strategies , build strategies , analyze stocks . They provide you initial capital of Rs 100000 for paper trading . It is also the paper trading platform for crypto currencies .

Pros:

  1. It is Free of cost.
  2. No ads .
  3. No demat account needed.
  4. Best charting experience .
  5. Free charting tools .

Cons:

  1. Paper trading for options is not available.
  2. Little complex app for beginner .

3.NSE  Virtual Trading APP

It is a good paper trading platform for options trading ,But user experience is a bit laggy . You can trade stocks , futures and options in this app . They provide you Rs 500000 once you logged in .

 

Pros:

  1. You can also trade futures and options .
  2. No ads .
  3. No demat account needed .
  4. P&L reports are very good .

Cons:

  1. App crashes alot.
  2. No charts provided .
  3. User experience is so laggy.

4.Stock Market Simulator Game

It is a real time market based paper trading app. You can trade more than 9000 stocks across NSE , NYSE and NASDAQ. They do not provide paper trading for options in India .  You will get Rs 500000 to trade after you login.

 

 

Pros:

  1. Simple and easy to use .
  2. Good user experience.
  3. No need of demat account.
  4. No ads .

Cons:

  1. We have to use 3rd party charting apps .
  2. App is slow and laggy.
  3. Paper trading for options are not available.

 

5.Stock Trainer

It is the best stock market trainer in India . You can analyze the stock market and learn the art of trading . You will get RS 500000 virtual cash to trade . This app contains ads in free version .

Pros:

  1. No need of demat account .
  2. Easy to use.

Cons:

  1. Free version contains ads .
  2. No charts provided.
  3. User interface is not good.

 

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