Free educational stock market simulator

Practice Stock Trading With $1,000,000 in Virtual Money

Trade real US stocks with fake money on live market data. Learn the process before a single real dollar is at risk.

  • No payment card
  • Works in your browser
  • No real money used

The money is fake. The market is real. The lessons are free.

Reviewed by Assoc. Prof. Charles Lo, CPA, PhD — Head of Education Last updated:
A live practice portfolio looks like this.
$1,004,475.61
+0.45%
AAPL · Apple+$3,912.40
VOO · S&P 500 ETF+$1,208.11
Cash available$41,306.00

Stock Assistant AIAsk for a plain English explanation of any order type, metric or concept while you practise. Most simulators leave you to guess. Ours explains.

Quick answer

What Is a Paper Trading Simulator?

A paper trading simulator lets you buy and sell real stocks with fake money. Prices, fills and fees behave like the real thing, so you learn the full process: research, order, review. The only thing missing is the risk. That’s the point.

The money is virtual

$1,000,000 in simulated cash. No deposits, no card, ever.

The market data is connected

US stocks and ETFs on live data, delayed about 15 minutes.

The practice is realistic

Order controls, commissions and slippage modelled, so habits transfer to real life.

Explore the simulator

Learn the Trading Workflow From Order to Review

See the core workflow at a glance: research, place a practice trade, then review what happened.

Place practice trades

Use Realistic Order Controls Without Risking Capital

Search for a US stock or ETF, choose a buy or sell order, set the quantity and review the quote before placing a simulated trade.

Real order types, market and limitFees and slippage includedOne line in the journal on why you traded
PaperTrade practice order screen with stock search, buy and sell controls, order type, quantity and trade reason fields

Research before trading

Review the Stock Before You Place the Order

Open a stock overview to examine the current quote and price chart, then use the Stock Assistant AI for educational explanations of market terms and concepts.

Price charts in contextAI explains the company simplyThe same routine you’ll use with real money
PaperTrade stock overview showing an Apple price chart and market information

Measure performance

Review Return, Risk, Drawdown and Consistency

A result is more useful when you understand how it was achieved. PaperTrade adds risk-adjusted measures and a market benchmark to the portfolio review.

Results vs the S&P 500Risk and drawdown shown honestlyWeekly review of what worked and why
PaperTrade risk-adjusted performance report with Sharpe ratio, maximum drawdown, consistency, volatility and S&P 500 comparison

Stay engaged

Use Learning Missions and Simulated Leaderboards

Learning missions and leaderboards keep practice interesting. Framed for learning, not gambling.

Weekly learning missionsLeaderboards against other learnersProgress you can actually see
PaperTrade simulated performance leaderboard showing the top three players

Why use paper trading?

Practice the Process Before Real Money Is Involved

Paper trading cannot reproduce every part of live investing, but it can help you learn the interface, test a repeatable process and review risk without paying for beginner mistakes.

Learn the workflow

Orders, fills, journal, review. The loop becomes habit here.

Test a written process

Decide your rules, then see if you actually follow them.

Review risk safely

Watch what a bad week feels like when it costs nothing.

Getting started

How to Start Paper Trading

Create a free account, place a first practice order and use the portfolio report to review what happened.

Create a free account

Sixty seconds, in your browser.

Place a practice order

Then write one line on why in your journal.

Review and improve

Once a week, read your reasons. That’s where the skill comes from.

Common questions

Paper Trading Simulator FAQ

Important details about virtual money, market data, simulated execution and what paper trading can and cannot teach.

Is any real money used in the simulator?
No. Not to trade, not to sign up, not ever. You get $1,000,000 in virtual cash and there’s nothing to deposit or withdraw.
Does the simulator use real market prices?
Yes. Live US market data, delayed about 15 minutes, with realistic fills. The money is fake. The prices aren’t.
What makes the simulation realistic?
Commissions, slippage and real order types are all modelled. If a habit works here, it transfers. If it fails here, it just failed for free.
Is it suitable for complete beginners?
It’s built for them. The AI assistant explains every term while you practise, and our course teaches the concepts in order alongside.
How much does it cost?
Nothing. Free forever, no card, no trial clock. We earn from optional premium extras, never from brokers .
Will paper trading guarantee I succeed with real money?
No, and distrust anyone who says otherwise. It teaches the process. Real money adds emotions no simulator can copy. Practise the process here so the emotions are the only new part.
Can I compare my results with others?
Yes. Leaderboards and your performance against the S&P 500 show where you stand, framed for learning rather than bragging.
Do I need to download an app?
No. It runs in your browser on any device. Sign in and your portfolio is where you left it.

The Money Is Fake. The Learning Is Real.

Everything you need to learn the process, with nothing at risk. Start today. Delete anytime.

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