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 .
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 .
- Trading experience in Neostox is very smooth , you willl not realize that you are doing paper trading.
- They provide real time charts ,similar as zerodha and upstox.
- There are no ads .
- User interface is very good.
- They also provides stock market learning courses.
- They are in early stages of development.
- Charts are not smooth .
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 .
- It is Free of cost.
- No ads .
- No demat account needed.
- Best charting experience .
- Free charting tools .
- Paper trading for options is not available.
- 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 .
- You can also trade futures and options .
- No ads .
- No demat account needed .
- P&L reports are very good .
- App crashes alot.
- No charts provided .
- 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.
- Simple and easy to use .
- Good user experience.
- No need of demat account.
- No ads .
- We have to use 3rd party charting apps .
- App is slow and laggy.
- Paper trading for options are not available.
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 .
- No need of demat account .
- Easy to use.
- Free version contains ads .
- No charts provided.
- User interface is not good.