Live paper forex software

Please provide full name and fill in your actual residence address when you apply for an account.

Real forex bonuses

Open a Live account, live paper forex software.

If CWG is unable to verify your identity through full name, we may contact you to provide us with the following additional supporting documentation: in addition to the proprietary functions of the MT5 forex trading platform software, you can enjoy CWG's quality trading execution and bespoke customer service.
You can trade forex, precious metals, indices and other products.

Open a live account

Provide your information

Fund the account

Start trading

MT4 platform

In addition to the MT4 forex trading platform software's own functions, also enjoy CWG’s quality trading execution and bespoke customer service.
You can trade forex, precious metals, indices and other products.

MT5 platform

In addition to the proprietary functions of the MT5 forex trading platform software, you can enjoy CWG's quality trading execution and bespoke customer service.
You can trade forex, precious metals, indices and other products.

Review account opening information

Please provide full name and fill in your actual residence address when you apply for an account. If CWG is unable to verify your identity through full name, we may contact you to provide us with the following additional supporting documentation:

Proof of identity:
A government-issued photo ID showing your name, date of birth and ID number. The name and date of birth must match the one you provided when you applied for an account. We accept ID cards (both sides) or passports.

Proof of address:
we generally accept the following type of files (optional):

Water, electricity, gas or network broadband billing within 3 months (either paper or PDF)

Bank statements within 3 months (either paper or PDF version available)

Monthly statement of mobile phone or landline within 3 months (paper or PDF version available)

Credit card statements within 3 months (available in paper or PDF version)

Valid residence permit or temporary residence permit issued within 3 months

Valid residence certificate issued within 3 months (to be stamped)

Rental contracts (including seals) within 3 months plus water, electricity or gas bills (both paper and PDF versions are available)

Mortgage statement within 6 months (paper or PDF version, if receipt must be stamped)

Valid household register issued within 6 months

Valid driving licence issued within 12 months

The proof of address to be provided must include your name, and the address in the document must be the same as that completed at the time of your account opening application.

Chat with us online

File submission

Quickly redefine integrated results rather than timely collaboration and idea-sharing. Professionally maintain alternative growth strategies before efficient testing procedures. Holisticly expedite.

Forex simulator

Key to success in forex

Trading forex requires practice, but it takes a lot of time.

Our forex trading simulator lets you train much faster, without taking any risk.

No more waiting for certain market conditions or price movements.

No more having to watch the charts all day long.

With our simulation software you can control the time and focus on most important moments.

Trade historical data and save your time

Forex simulator lets you move back in time and replay the market starting from any selected day. It shows you charts, indicators and economic news as if it was happening live. You are able to place your orders, modify them or close them, just like you were trading live.

Trading historical data saves a lot of time compared to demo trading and other forms of paper trading. It also allows to adjust the speed of simulation, so you can skip less important periods of time and focus on the most important ones.

How it works

Forex simulator works as expert advisor for metatrader 4. It combines great charting capabilities of MT4 with quality tick-by-tick data and economic calendar to create a powerful trading simulator. It uses offline charts, which let you use indicators, templates and drawing tools available in metatrader.

However, it is not limited to using historical data offered by metatrader, which is usually low-quality data. It also lets you download and use high-quality tick data from dukascopy and truefx.

60 forex pairs, gold, silver, oil and 12 stock indexes

The software gives you access to all forex major pairs plus XAUUSD and XAGUSD. You can also run simulations on oil and main stock indexes. Choose your favourite instrument and trade it.

Currency pairs - dukascopy

EURUSD	AUDNZD	AUDUSD	AUDJPY	EURCHF	EURGBP	EURJPY	GBPCHF	GBPJPY
GBPUSD	NZDUSD	USDCAD	USDCHF	USDJPY	CADJPY	EURAUD	CHFJPY	EURCAD
EURNOK	EURSEK	USDNOK	USDSEK	USDSGD	AUDCAD	AUDCHF	CADCHF	EURNZD
GBPAUD	GBPCAD	GBPNZD	NZDCAD	NZDCHF	NZDJPY	XAGUSD	XAUUSD	AUDSGD
CHFSGD	EURCZK	EURDKK	EURHKD	EURHUF	EURPLN	EURRUB	EURSGD	EURTRY
HKDJPY	SGDJPY	TRYJPY	USDCNH	USDCZK	USDDKK	USDHKD	USDHUF	USDILS
USDMXN	USDPLN	USDRON	USDRUB	USDTHB	USDTRY	USDZAR	ZARJPY

Commodities - dukascopy

Indexes - dukascopy

ASX 200	SMI 20	DAX 30	IBEX 35	STOXX 50	CAC 40	FTSE 100	HSI
dow jones 30	S&P 500	NASDAQ 100	nikkei 225

Currency pairs - truefx

EURUSD	AUDNZD	AUDUSD	AUDJPY	EURCHF	EURGBP	EURJPY	GBPJPY
GBPUSD	NZDUSD	USDCAD	USDCHF	USDJPY	CADJPY	CHFJPY

Real tick-by-tick data

Unlike other trade simulators, our software lets you use as much as 10 years of real tick data with real variable spread. The simulator can download historical data from dukascopy*, which is considered one of the best free data sources, and from truefx*.

* high quality tick data is offered for free by dukascopy and truefx at their websites. Make sure you read their terms of use before using it. Please note that we have no connection with these providers. Soft4fx forex simulator simply lets you download and use their tick data in convenient way.

Use broker's data

Starting from version 1.7 of forex simulator it is possible to import historical data from metatrader and use it in simulations. Now, you can run simulations on all instruments offered by any MT4 broker. All you need is a demo account. Read more about importing data from MT4.

Multiple timeframes

You can open several charts at once and follow price action on several timeframes. You can also create custom timeframe charts, like 10-minute chart or 2-day chart. All charts are synchronized and updated tick-by-tick.

More charting capabilities

All types of charts you ever needed in one place:

Standard metatrader charts: M1, M5, M15, M30, H1, H4, daily, weekly and monthly

Custom timeframes: M2, M10, H2, H3, 2 days, .

Second charts: 30 sec, 45 sec, .

Renko charts

Range charts

Tick charts

As you can see, our simulator offers you many more timeframes and types of charts than MT4.

Built-in economic calendar

You have access to current economic news releases at any time during the simulation. You can display them on your charts as well. Economic calendar is downloaded from forex factory and contains events starting from 2007. Other news providers may be available in the future.

News can filtered by their importance and by currencies, so you can easily display events that really affect your trading.

Use MT4 indicators and templates

Since this trading simulator is an add-on for metatrader 4, it allows you to use all built-in MT4 indicators as well as many custom ones. You can also use MT4 templates to prepare your charts quickly.

We cannot guarantee that all non-standard indicators will work fine with forex simulator, but there is a good chance that many of them will. Please use our free demo to test your favourite indicators before purchasing our simulation software.

New york close 5-day charts

The simulator is capable of drawing charts in one of two modes:

GMT - all charts are based on greenwich mean time (UTC+0)

New york close - all charts are aligned with new york trading session close

The difference between these modes can easily be seen on daily charts. GMT charts will render 6 days in a week, including sunday bar. New york close charts will render only 5 days in a week. Also, all daily bars will look a bit different as time is shifted by a few hours.

Many traders believe that new york close charts are essential in trading forex. The importance of NY close charts is better described in nial fuller's article.

Save your simulation at any time

The simulation can be saved to a file and loaded at a later time. All your trades, pending orders, stop losses, take profits, trailing stops and other settings will be restored.

Fully control the speed

You can pause and resume the simulation whenever you like. You can speed it up and slow it down. You can also step forward candle-by-candle on any chart you like, including tick, renko and range charts.

Moreover, there are 2 possible speed modes:

Ticks per second - ticks are uniformly distributed in time, for example 2 ticks per second or 10 ticks per second.

Real-time - ticks are distributed in the same way as they were distributed in real life. Of course, you can also speed it up, just like a video recording.

You can also tell the program to pause the simulation automatically on certain events:

Hitting SL or TP

Execution of pending order

Reaching a defined price level

Rewind the simulation

Starting from version 1.6 of the simulator you can easily go back in time if you need to. Every chart is now equipped with a button which lets you move back bar by bar. All your trades, pending orders, stop losses, take profits, trailing stops, account details and even statistics will be restored.

If you miss the opportunity or you simply increase the speed too much, it is not a problem. The simulation can be rewound by a minute, an hour, a day or by any other timeframe you choose.

Risk-based position sizing

The simulator lets you use either lot-based position sizing or risk-based position sizing. For example, you can set it to risk no more than 2% of your balance or no more than $100 per trade. Risk-based position sizing requires setting a stop loss to work properly.

Automatic trade management

Following automatic rules can be applied to any trade:

Stop loss and take profit

Trailing stop

Automatic break-even

One-cancels-other (OCO) rule for pending orders

Moreover, you can use order templates to work faster and avoid repeating the same steps. A template can be used to save your trade management settings and load them at any time.

Visual trading

Forex simulator lets you place pending orders, stop losses and take profits by simply dragging lines on the chart. You can also modify existing orders in the same way.

Save as HTML report

With soft4fx simulator you can save the history of your trading as an HTML report. It is formatted in exactly the same way as metatrader account statements, so it is very easy to import it to any third-party tool for further analysis. An example of such tool is quant analyzer. It offers quite a lot of useful statistics and features, even in a free version.

Export to excel

It is possible to save your trading history as an excel sheet, allowing you to study and analyze it in more depth.

Detailed statistics

The simulator displays statistics similar to ones offered by metatrader, including:

Balance/equity graph

Profit/loss

Absolute, relative and maximum drawdown

Maximum, minimum and average spread

Profit factor

Expected profit

Largest winning and losing trades

Longest/largest winning streak

Longest/largest losing streak

You can access your current statistics at any time during the simulation, not only after it ends.

Hotkeys

Basic operations can be done very quickly using hotkeys:

Ctrl + space - pause/play

Ctrl + up arrow - increase speed

Ctrl + down arrow - decrease speed

Ctrl + right arrow - next bar

Ctrl + left arrow - previous bar

Ctrl + B - buy

Ctrl + S - sell

Ctrl + C - close last trade

Ctrl + A - close all trades

Hotkeys work only in the main window of the simulator, so this window must be currently active (must be the last clicked window).

Free updates

Updates are free. All you have to do is to download and install a new version. Your activation code will still work with new versions.

There is no special procedure of updating. You can install the new version in the same way as you installed the program for the first time.

Current version is: 1.89 (download)

Requirements

Windows 7 / 8 / 10 (will not work on mac)

Installed metatrader 4 (not metatrader 5)

4 GB of RAM

Internet connection (the faster the better - downloading tick data may be time-consuming)

Microsoft .NET framework 4.5 (check and install)

Recommended: a few GB of free hard disk space for storing downloaded tick data

Recommended: full HD screen

Download forex simulator

The simulator is not a standalone application. It is an add-on for metatrader 4, so you need to have metatrader 4 platform installed in your system. Metatrader 5 is not supported yet.

By default the software is locked and works in demo more. Demo mode has two limitations:

You can take only 5 trades per simulation.

You can not load saved simulations.

You need to buy the license to unlock the software.

(EX4 file, approx. 1.5 MB -> see installation)

Demo - test the program for free

You can test our software for free as long as you want. The download button is just above.

When starting the program please leave both e-mail and activation code empty. It will start the simulator in demo mode.

Buy the license

Payments can be made by paypal and skrill (moneybookers). Most credit and debit cards are accepted.

It lets you use the software on 2 metatrader accounts (demo or real).

There is no limit for the number of computers in use. What limits the use of software is the number of metatrader accounts.

More information about payments and the license can be found in license, payments and refunds section.

We strongly suggest to test the demo version of the simulator with your favourite indicators before buying it. All standard MT4 indicators work fine, but not every custom indicator works correctly on the simulator. Read more about known problems with custom indicators and possible solutions in troubleshooting section.

Buy forex simulator

Lifetime license for 1 person

14 day money back guarantee

Requires microsoft windows and metatrader 4

Fxdailyreport.Com

Beginners generally need a lot of help in trading. This help will come from an assortment of tools and software which we shall call the best forex trading software for beginners. What are these software and what can they do for traders in the market? Here is the list of trading software that beginners can deploy to make their trading venture worthwhile.

Charting software

There are several charting software out there. Even the favourite trading platforms that are used by retail traders contain charts. However, there is a need to go the extra mile and get hold of standalone charting packages that enable a trader do a lot in terms of chart analysis. One of such charting software which is free to use is tradingview. Tradingview does have a premium package, but these are not necessary for a beginner to use.

Tradingview chart for EUR/USD

Beginners can simply go to the trading view website, and select the assets that they want to view on the charts. Tradingview arranges charts according to asset classes and has a wide array of tools which can be applied to the charts. Another benefit that comes from using tradingview is the delivery of news updates in the bottom right corner of the page, allowing users to get some information on the latest news regarding their chosen assets.

Virtual private servers (VPS) with virtualization technology have become an indispensable tool for traders who use forex robots to trade. The use of forex VPS handles extrinsic issues that affect trade performances. Issues such as network failures, trading server downtimes, slow platforms, slow internet speeds and latency in trading, can all be taken care of by the use of sound VPS systems.

Some brokers have incorporated the VPS into their trade offerings, allowing them to be used for free when traders are able to generate a certain level of trade volume on live accounts. There are also third-party providers that allow traders subscribe to various categories of VPS services for a fee. Whatever pathway a trader decides to choose, a VPS is an indispensable tool and beginners need to incorporate this tool into their trading as soon as they can.

Social trading/copy trading software

Social trading and copy trading are passive investment methods that have been designed with the beginner forex trader at heart. These tools give beginners the opportunity to copy trades of other successful traders on the platform (manually or automatically), and hence replicate the same trading results of these traders on your account. Copy trade software may arguably be the most treasured beginner trader software yet developed, as they significantly reduce the learning curve for the trader and get the beginner up and running as if they had been trading for years.

It takes a little of skill to choose the right trader to follow. But once a good choice has been made, the copy trading software handles the rest.

Trading central

Trading central is a source for user-friendly technical analysis and trade calls. Trading central is run by licensed independent investment advisors, and the team provides robust coverage of more than 75,000 assets across several markets as well as a patented chart pattern recognition tool. I say to any beginner in the forex market: if you want to learn and be a master at forex a lot faster, trading central is the school to be. You will learn from investment analysts who actually trade. So you will be feeding from those who walk the walk and talk the talk.

Trading central has an evaluation period that enables you see what they have to offer you in the market. Following the trial, you can subscribe to any one of their products or services. It will be money well spent.

Autochartist

Autochartist is a chart pattern recognition tool which comes as a standalone product, and also comes as an add-on to the MT4/MT5 from compatible brokers. This product has been fine-tuned over the years and it has gotten better at what it does.

In addition to chart pattern recognition, it also features a volatility analysis tool as well as a tool to delineate support and resistance areas. You also get a free trial period, after which you can either subscribe to the standalone version, or maintain a funded live account with a partner broker to get the add-on at no cost.

MQL5 community

If you love the MT4 and MT5 software and you cannot do without these trading platforms, then you need to love the MQL4 and MQL5 community marketplaces. These marketplaces are where you have a collection of anything that has to do with the metatrader trading platform. Is it indicators, scripts or forex robots you want, or perhaps you just want to look up some literature on how the two platforms work? You can go to the terminal window of the MT4 or MT5 platforms, click the tabs circled below, and you will be taken to the appropriate sections of the MT4 or MT5 community websites.

It is also possible to pay for any software you want to buy from your trading account balance. A simple click of a few buttons will do the trick, allowing you to get access to any commercially available products in the marketplaces.

EA creator software

The realm of programming of forex robots has gradually been demystified, allowing individuals with no programming knowledge to code robots for themselves. There are many of these tools around.

A google search using the search phrase “EA creator software” will present you with several tools that enable the creation of your own forex robot, using your own parameters, without the need to know complex programming languages.

Conclusion

Overall, all the tools above are impressive and offer traders all they need to begin profiting in the market. The tools are useful and will save traders some of their valuable time, all while helping them to gain financially. However, the ideal forex tool for any trader will come down to personal preference. While some may prefer a desktop download application, others would rather use a web-based platform. Automated trading is cool, but some advanced traders would rather trade manually. So, whichever application you decide to settle for, you would do well to ensure that it meets your trading needs. Don’t get a trending tool just for the sake of it.

Best paper trading options platforms

Dan schmidt

Contributor, benzinga

There’s no question about it: options traders don’t have time to deliberate. Hesitation is a killer whenever you trade the stock market. Luckily, new traders can quickly improve their skills by practicing. How can you practice trading? With fake money, of course! Most brokerages now offer demo accounts using the best paper trading options software.

Just like monopoly, paper traders are given a bankroll of fake cash and can buy or sell any securities they wish. Paper trading takes place during open market hours so price changes can be tracked in real-time. If you’re a trader who wants to learn options, a paper trading account is a necessity for honing your skills.

Best paper trading options platforms:

Why paper trade options?

Options can be risky trading vehicles, especially during volatile markets. Profits and losses can be multiplied exponentially when using options and an uneducated trader might see a bankroll evaporate quickly. Reading articles or books about options trading can help, but there’s no substitute for experience.

Paper trading allows you to can gain experience without putting any money at risk.

Testing different options strategies and techniques is easy because you can watch trades unfold in real-time. Though paper trading is crucial for anyone trying to learn a new market, it’s also important to understand the limitations. Paper money isn’t real — you won’t feel the same pain after a big loss that you would with actual money.

Keeping your emotions in check is a huge part of trading and paper accounts simply can’t recreate these mental hurdles. In fact, too much paper trading might lead to overconfidence and you could develop some bad habits.

Trading fake money is great practice for the real thing, but make sure you understand the difference between a scrimmage and a game.

Key features of great paper trading platforms

Paper trading software needs to be as close to the real thing as possible, so you’ll want to choose a software with plenty of research and tools, real-time market prices and an interface that allows seamless trading.

Paper trading is a great way to familiarize yourself with how various technical indicators work and how they react in different types of markets.

Here’s what to look for when searching for paper trading software:

Highly customizable analytical tools

Don’t be shy about incorporating new technical indicators or chart patterns into your trading strategies. The point of paper trading is to learn how to trade options.

Reading up on technical analysis is one thing, but seeing it in action is entirely different. Make sure your paper trading software is loaded with analytical tools. There’s little consensus on what works best so each trader will have different favorites.

Accurate market quotes

You don’t want to be trading on old data, do you? Most free paper trading programs will have some kind of delay on price quotes, but anything older than 20 minutes won’t help you if you want to practice during open market hours.

Functional interface

A clunky or archaic paper trading program will provide a lot more frustration than education. A little trial and error might be required to find an interface that works, but avoid anything that requires a dozen mouse clicks to execute a simple trade.

Realistic user experience

Paper traders have no skin in the game and don’t face any real consequences for losing money. If it feels too easy like a video game, you might not get much out of it.

The best paper trading platforms don’t just simulate the experience — they’re identical to the platforms used by traders who risk real capital.

Our top picks

Using the above criteria, we’ve chosen the best paper trading programs for options. You’ll recognize plenty of names on this list, but there are a few newcomers who have competed to make the options market simpler and more accessible.

Try to keep your paper trading activities in line with how you’d throw around your own personal capital. If you manage risk well in your paper trading account, you’ll be better prepared for live markets.

Remember, brokers want you to have success in paper trading. The more success you have with fake cash, the more likely you’ll be in putting money into a brokerage account, and that means commissions for the broker.

Commissions

Account minimum

Best for

World-class trading platforms

Detailed research reports and education center

Assets ranging from stocks and etfs to derivatives like futures and options

1. Best overall: thinkorswim by TD ameritrade

Thinkorswim remains one of the most sophisticated platforms on the market. If you have a TD ameritrade account, you’ll get 2 different paper trading accounts. One is a standard margin account, the other is an IRA; both come fully funded with $100,000 each.

TD ameritrade isn’t the first company to come to mind when you think options brokers, but the thinkorswim platform has some terrific tools specifically for options trading. And it’s all available for both live and paper trading accounts.

Take the strategy roller, for example. This feature allows you to develop your very own covered call strategies using certain rules established in advance. Strategy roller will take your predetermined strategy and roll it forward each month until you stop it manually.

Thinkorswim also has options statistics, specialized tools for traders to find entry and exit points on options trades. The sizzle index measures the day’s options volume in comparison to the last 5 trading days.

With over 400 technical indicators and access to the CBOE’s tradewise options newsletter, thinkorswim gives paper traders more than any other platform.

Commissions

Account minimum

Unbeatable options contracts pricing

Mobile app that mirrors capabilities of desktop app

Free and comprehensive options education

2. Eoption paper trader

Eoption may not be a household name, but it has offered low-cost brokerage services for options traders since 2007.

Commissions are only $3 for equities plus $0.15 per option contract and clients can even trade the underlying stocks and etfs themselves. Automated trading programs and mobile apps are available too, but new traders can test their hand using eoption’s paper trader.

Using paper trader, you’ll get $100,000 in fake money to trade both options and equities.

The platform is completely customizable, so users can change the layout to suit their preferences. The probability calculator lets you know the odds of your potential trades and you’ll have access to the full quotient of eoption newsletters and research. Note that there are no commissions on paper trades.

To open an account with eoption, you’ll need $500 (and $2,000 to use margin).

Pricing

Account minimum

Comprehensive, quick desktop platform

Mobile app mirrors full capabilities of desktop version

Access to massive range of tradable assets

Low margin rates

Easy-to-use and enhanced screening options are better than ever

3. Interactive brokers TWS paper trader

Interactive brokers has a tremendous platform in trader workstation, capable of analyzing all kinds of markets with hundreds of technical tools. It’s definitely an intimidating program to the inexperienced trader, but thankfully interactive brokers offers a paper trading account with nearly all the features of the live platform.

With $1,000,000 in fake cash, you can play around with different things, especially the options trading tools.

The options portfolio algorithm with automatically adjust your account to the greek risk dimensions (delta, theta, vega or gamma) while factoring in commissions and decay. In the options strategy lab, you’ll be able to enter your own intricate option orders and compare up to 5 different strategies at once. You can filter by characteristics like strike price or expiration and enter orders based on your experiments.

Not well-versed in options lingo? The probability lab explains options strategies in simple terms without the head-spinning math formulas.

Commissions

Account minimum

Comprehensive trading platform and professional-grade tools

Wide range of tradable securities

Fully-operational mobile app

4.Tradestation

Tradestation’s platform used to only be best for professional traders who needed a highly technical platform. Now, with tradestation’s new TS GO account option, novice traders will have access to professional-grade stock screeners and extensive educational and development tools to help them develop as investors.

Another strength of tradestation is the number of offerings available to trade. From stocks to etfs to futures contracts to cryptocurrencies, tradestation offers a wide variety of tradable assets. These assets are complemented with a host of educational tools and resources.

Furthermore, as is the case with other brokerages on this list. Tradestation offers $0 commissions on stocks and most etfs.

Commissions

Account minimum

Best for

New traders looking for a simple platform layout

Native chinese speakers seeking research and education tools in chinese

Mobile traders who needs a secure and well-designed app

5. Firstrade

Firstrade is a solid choice amongst the dizzying array of brokerages in the market; all fees are set to mirror (or beat) robo-advisor pricing. In fact, firstrade offers free trades on most of what it offers.

You can monitor your portfolio’s performance easily with the firstrade mobile trading app, which offers a more dexterous option compared to a desktop. You’ll be exposed to a touch ID screen for ios devices, equity ratings and fundamental data, advanced charts, comprehensive dashboard and improved research and trading interface.

Since the advent of firstrade’s fairly recent navigator, it’s possible to manage your account, place orders, get market updates and do research, all almost simultaneously. The single screen allows traders to immediately intuitively grasp firstrade navigator’s account dashboard. Take note, however, that a lot of the options available on navigator are geared toward active traders.

Commissions

Account minimum

Tradier

Tradier is a high-tech broker for active traders. Tradier differentiates itself by using application programming interface (API) technology to partner with popular trading software to offer a wide range of platform choices.

Tradier invented the idea of an API-integrated brokerage firm with customizable interface options. Most brokers lock you into a pre-set interface, allowing you limited ways to customize your trading station, but not tradier. You can integrate your platform of choice into your tradier workstation while you take advantage of tradier’s low fees and commissions.

Tradier is compatible with a wide range of platforms:

Esignal

Orion multi trader

Stockstotrade

Q.Ai

Screener.Co

1option

Esignal

And more!

Its tradable assets include stocks, options and etfs and its tradehawk mobile platform is available for an additional fee with fast-streaming data options.

It requires a $0 minimum investment and two fee schedules. The standard equity and options trading comes with $0 fees per order and $0.35 per contract. If you’re a particularly active trader, you might prefer tradier’s all-inclusive subscription model.

It’s $30 a month for commission-free equity and options trading.

You’ll pay $10 for broker-assisted trades, which is significantly less expensive than competing brokers.

Tradier’s current margin rate is 5.25% for all traders, no matter how much margin you use.

Make your choice

You’re going to need an actual brokerage account to get full access to the best paper trading platforms for options, but many offer free demo accounts for prospective clients to try out. Take advantage of these demo accounts and sample a few different platforms. Paper trading is all about gaining experience, so taking a platform for a test drive is the best way to make a decision.

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Best paper trading options platforms

Dan schmidt

Contributor, benzinga

Best paper trading options platforms:

Why paper trade options?

Paper trading allows you to can gain experience without putting any money at risk.

Trading fake money is great practice for the real thing, but make sure you understand the difference between a scrimmage and a game.

Key features of great paper trading platforms

Paper trading is a great way to familiarize yourself with how various technical indicators work and how they react in different types of markets.

Here’s what to look for when searching for paper trading software:

Highly customizable analytical tools

Don’t be shy about incorporating new technical indicators or chart patterns into your trading strategies. The point of paper trading is to learn how to trade options.

Accurate market quotes

Functional interface

Realistic user experience

Paper traders have no skin in the game and don’t face any real consequences for losing money. If it feels too easy like a video game, you might not get much out of it.

The best paper trading platforms don’t just simulate the experience — they’re identical to the platforms used by traders who risk real capital.

Our top picks

Commissions

Account minimum

Best for

World-class trading platforms

Detailed research reports and education center

Assets ranging from stocks and etfs to derivatives like futures and options

1. Best overall: thinkorswim by TD ameritrade

With over 400 technical indicators and access to the CBOE’s tradewise options newsletter, thinkorswim gives paper traders more than any other platform.

Commissions

Account minimum

Unbeatable options contracts pricing

Mobile app that mirrors capabilities of desktop app

Free and comprehensive options education

2. Eoption paper trader

Eoption may not be a household name, but it has offered low-cost brokerage services for options traders since 2007.

Using paper trader, you’ll get $100,000 in fake money to trade both options and equities.

To open an account with eoption, you’ll need $500 (and $2,000 to use margin).

Pricing

Account minimum

Comprehensive, quick desktop platform

Mobile app mirrors full capabilities of desktop version

Access to massive range of tradable assets

Low margin rates

Easy-to-use and enhanced screening options are better than ever

3. Interactive brokers TWS paper trader

With $1,000,000 in fake cash, you can play around with different things, especially the options trading tools.

Not well-versed in options lingo? The probability lab explains options strategies in simple terms without the head-spinning math formulas.

Commissions

Account minimum

Comprehensive trading platform and professional-grade tools

Wide range of tradable securities

Fully-operational mobile app

4.Tradestation

Furthermore, as is the case with other brokerages on this list. Tradestation offers $0 commissions on stocks and most etfs.

Commissions

Account minimum

Best for

New traders looking for a simple platform layout

Native chinese speakers seeking research and education tools in chinese

Mobile traders who needs a secure and well-designed app

5. Firstrade

Commissions

Account minimum

Tradier

Tradier is compatible with a wide range of platforms:

Esignal

Orion multi trader

Stockstotrade

Q.Ai

Screener.Co

1option

Esignal

And more!

Its tradable assets include stocks, options and etfs and its tradehawk mobile platform is available for an additional fee with fast-streaming data options.

It’s $30 a month for commission-free equity and options trading.

You’ll pay $10 for broker-assisted trades, which is significantly less expensive than competing brokers.

Tradier’s current margin rate is 5.25% for all traders, no matter how much margin you use.

Make your choice

Benzinga's #1 breakout stock every month

Forex simulator

Key to success in forex

Trading forex requires practice, but it takes a lot of time.

Our forex trading simulator lets you train much faster, without taking any risk.

No more waiting for certain market conditions or price movements.

No more having to watch the charts all day long.

With our simulation software you can control the time and focus on most important moments.

Trade historical data and save your time

How it works

However, it is not limited to using historical data offered by metatrader, which is usually low-quality data. It also lets you download and use high-quality tick data from dukascopy and truefx.

60 forex pairs, gold, silver, oil and 12 stock indexes

The software gives you access to all forex major pairs plus XAUUSD and XAGUSD. You can also run simulations on oil and main stock indexes. Choose your favourite instrument and trade it.

Currency pairs - dukascopy

EURUSD	AUDNZD	AUDUSD	AUDJPY	EURCHF	EURGBP	EURJPY	GBPCHF	GBPJPY
GBPUSD	NZDUSD	USDCAD	USDCHF	USDJPY	CADJPY	EURAUD	CHFJPY	EURCAD
EURNOK	EURSEK	USDNOK	USDSEK	USDSGD	AUDCAD	AUDCHF	CADCHF	EURNZD
GBPAUD	GBPCAD	GBPNZD	NZDCAD	NZDCHF	NZDJPY	XAGUSD	XAUUSD	AUDSGD
CHFSGD	EURCZK	EURDKK	EURHKD	EURHUF	EURPLN	EURRUB	EURSGD	EURTRY
HKDJPY	SGDJPY	TRYJPY	USDCNH	USDCZK	USDDKK	USDHKD	USDHUF	USDILS
USDMXN	USDPLN	USDRON	USDRUB	USDTHB	USDTRY	USDZAR	ZARJPY

Commodities - dukascopy

Indexes - dukascopy

ASX 200	SMI 20	DAX 30	IBEX 35	STOXX 50	CAC 40	FTSE 100	HSI
dow jones 30	S&P 500	NASDAQ 100	nikkei 225

Currency pairs - truefx

EURUSD	AUDNZD	AUDUSD	AUDJPY	EURCHF	EURGBP	EURJPY	GBPJPY
GBPUSD	NZDUSD	USDCAD	USDCHF	USDJPY	CADJPY	CHFJPY

Real tick-by-tick data

Use broker's data

Multiple timeframes

More charting capabilities

All types of charts you ever needed in one place:

Standard metatrader charts: M1, M5, M15, M30, H1, H4, daily, weekly and monthly

Custom timeframes: M2, M10, H2, H3, 2 days, .

Second charts: 30 sec, 45 sec, .

Renko charts

Range charts

Tick charts

As you can see, our simulator offers you many more timeframes and types of charts than MT4.

Built-in economic calendar

News can filtered by their importance and by currencies, so you can easily display events that really affect your trading.

Use MT4 indicators and templates

New york close 5-day charts

The simulator is capable of drawing charts in one of two modes:

GMT - all charts are based on greenwich mean time (UTC+0)

New york close - all charts are aligned with new york trading session close

Many traders believe that new york close charts are essential in trading forex. The importance of NY close charts is better described in nial fuller's article.

Save your simulation at any time

The simulation can be saved to a file and loaded at a later time. All your trades, pending orders, stop losses, take profits, trailing stops and other settings will be restored.

Fully control the speed

Moreover, there are 2 possible speed modes:

Ticks per second - ticks are uniformly distributed in time, for example 2 ticks per second or 10 ticks per second.

Real-time - ticks are distributed in the same way as they were distributed in real life. Of course, you can also speed it up, just like a video recording.

You can also tell the program to pause the simulation automatically on certain events:

Hitting SL or TP

Execution of pending order

Reaching a defined price level

Rewind the simulation

If you miss the opportunity or you simply increase the speed too much, it is not a problem. The simulation can be rewound by a minute, an hour, a day or by any other timeframe you choose.

Risk-based position sizing

Automatic trade management

Following automatic rules can be applied to any trade:

Stop loss and take profit

Trailing stop

Automatic break-even

One-cancels-other (OCO) rule for pending orders

Moreover, you can use order templates to work faster and avoid repeating the same steps. A template can be used to save your trade management settings and load them at any time.

Visual trading

Forex simulator lets you place pending orders, stop losses and take profits by simply dragging lines on the chart. You can also modify existing orders in the same way.

Save as HTML report

Export to excel

It is possible to save your trading history as an excel sheet, allowing you to study and analyze it in more depth.

Detailed statistics

The simulator displays statistics similar to ones offered by metatrader, including:

Balance/equity graph

Profit/loss

Absolute, relative and maximum drawdown

Maximum, minimum and average spread

Profit factor

Expected profit

Largest winning and losing trades

Longest/largest winning streak

Longest/largest losing streak

You can access your current statistics at any time during the simulation, not only after it ends.

Hotkeys

Basic operations can be done very quickly using hotkeys:

Ctrl + space - pause/play

Ctrl + up arrow - increase speed

Ctrl + down arrow - decrease speed

Ctrl + right arrow - next bar

Ctrl + left arrow - previous bar

Ctrl + B - buy

Ctrl + S - sell

Ctrl + C - close last trade

Ctrl + A - close all trades

Hotkeys work only in the main window of the simulator, so this window must be currently active (must be the last clicked window).

Free updates

Updates are free. All you have to do is to download and install a new version. Your activation code will still work with new versions.

There is no special procedure of updating. You can install the new version in the same way as you installed the program for the first time.

Current version is: 1.89 (download)

Requirements

Windows 7 / 8 / 10 (will not work on mac)

Installed metatrader 4 (not metatrader 5)

4 GB of RAM

Internet connection (the faster the better - downloading tick data may be time-consuming)

Microsoft .NET framework 4.5 (check and install)

Recommended: a few GB of free hard disk space for storing downloaded tick data

Recommended: full HD screen

Download forex simulator

The simulator is not a standalone application. It is an add-on for metatrader 4, so you need to have metatrader 4 platform installed in your system. Metatrader 5 is not supported yet.

By default the software is locked and works in demo more. Demo mode has two limitations:

You can take only 5 trades per simulation.

You can not load saved simulations.

You need to buy the license to unlock the software.

(EX4 file, approx. 1.5 MB -> see installation)

Demo - test the program for free

You can test our software for free as long as you want. The download button is just above.

When starting the program please leave both e-mail and activation code empty. It will start the simulator in demo mode.

Buy the license

Payments can be made by paypal and skrill (moneybookers). Most credit and debit cards are accepted.

It lets you use the software on 2 metatrader accounts (demo or real).

There is no limit for the number of computers in use. What limits the use of software is the number of metatrader accounts.

More information about payments and the license can be found in license, payments and refunds section.

Buy forex simulator

Lifetime license for 1 person

14 day money back guarantee

Requires microsoft windows and metatrader 4

Best free stock market simulators

Dan schmidt

Contributor, benzinga

Jump straight to webull! Now open to ALL stocks.

“practice makes perfect” rings true when you’re trading, especially if you’re looking for the best stock trading simulator. The best traders all practice with paper money before putting any real capital at risk. Here’s what you need to know.

Learn to beat the market with warrior trading's market simulator

Warrior trading’s new WT simulator platform is a real-time trade simulator with a powerful learning device. With warrior trading’s simulator, you will see how your trades would do in the current market conditions, as opposed to relying on historical data of past stock trades.

Best stock market simulators:

Take a look at benzinga’s top picks:

Best overall: thinkorswim by TD ameritrade

Best for day trading bear bull traders simulator– get 20% off lifetime memberships with BENZINGA20 at checkout

Best for intermediate traders: tradestation

Best for new investors: warrior trading

Best for paper trading: ninjatrader free trading simulator

What’s a stock market simulator?

Ever play madden for xbox or playstation? Pretty much every football fan has simulated the NFL experience on a video game console. While playing virtual games won’t make you a better football player, it might make you a better stock trader. Paper trading allows novice investors to simulate the stock market experience by buying stocks and assets with fake cash.

With $100,000 in pretend capital, you can build a portfolio and test strategies without taking on any real risk. Want to see how different strategies work together? You might not be willing to take the risk if your own money is a stake. If it’s monopoly money, though, you’ll be more inclined to explore, take chances and learn from mistakes if your trades go wrong.

The goal of paper trading is to improve. You’ll learn to better identify chart patterns and trends and you might even feel a little pang of pain when one of your pretend trades blows up. Some paper trading platforms are connected to online brokerages, which means you need a real trading account to dabble in fake money. But most simulators can simply be downloaded and “funded” instantly and trading begins whenever the market opens.

Key qualities of the best stock market simulators

The top stock market simulators chosen by benzinga share a few common traits:

They closely resemble the actual market. You want an authentic stock trading experience when paper trading, so simulators must feel like the real thing. Buying and selling stocks in real time is important, so it’s important to have access to more advanced securities and order types.

Many securities are available. Buying and selling stocks is fun, but you might want to test some more conservative strategies such as buying and holding etfs and mutual funds. A good stock market simulator will let you trade triple-leveraged etns and hold mutual funds for 40 years.

Useful research tools and stock charts are included. What good is trading if you can’t do any research? Stock charting tools are a necessity for any (real or fake) trading platform, and it doesn’t hurt to have access to conference calls, news reports or economic data, either.

Best stock market simulators

We’ve ranked the best stock market simulators. All of them offer terrific platforms, but the top selections on this list will have all the features an advanced trader can ask for.

So, let's see, what was the most valuable thing of this article: open a live account provide your information fund the account start trading MT4 platform in addition to the MT4 forex trading platform software's own functions, also enjoy CWG’s at live paper forex software