Stock trading practice accounts / paper trading
Stock trading practice accounts enable you to trade shares without using real money and are an excellent way of getting to grips with the stock market without the financial risk. Practice accounts are free to set up. The concept of investing without using real money is called paper trading. Everyone should be consistently successful at making money using practice accounts before using real money.
Top recommendation: Plus500
CFD practice account | Worldwide except USA (due to the USA spread betting law)
Plus500 is a unique trading platform that offers you £20/€25 as a welcome bonus when signing up to a demo account! It’s a great way to learn how to trade shares because you don’t have to deposit any money until you are ready to. This is why it’s our top recommendation for beginners in the UK.
- £20 or €25 as a welcome bonus upon signing up
- Easy to use software
- Trade on your iPhone, iPad or Android
- Trade shares, currencies or indices via CFD’s
- Set stop losses on each trade
- Full customer support to fantasy traders
Your capital may be at risk if you fund your account with your own money – that’s why we always recommend you start out with a Plus500 practice account to get good at trading first!
read our full Plus500 review | start now and claim your £20/€25 bonus
eToro
eToro is another option providing a very rich environment for learning, offering not only a practice trading account, but it is also a social investment network. This means that you can watch what other traders are doing and how they are performing and eToro will even allow you to copy their trades. I think this is a really great hands-on way to get started and learn a whole lot about trading shares. Keep in mind eToro is offers Forex trading.
tradeMONSTER
Another great place to do this is at tradeMONSTER, with their paperTRADE feature. With paperTRADE, you get $100,000 of fake money to practice trading. You can try all of your own ideas and strategies and try all the tools tradeMONSTER
has to offer.
Practice Trading with paperTrade – Open a Trading Account with tradeMONSTER!
ADVFN
Another place to practice trading is ADVFN. Though a bit more complex, this offers you another option –
When opening a practice account online, you will receive a free stock market portfolio and a free stock watchlist. You will be able to buy and sell shares with 15 minute delayed data and see profits/losses you make on each stock and on your overall portfolio.
Example portfolio on ADVFN.com
Example of making a trade
More reviews
Opening a stock market practice account is a great way to learn about the stock market and how it works. Click here for more reviews of stock market practice accounts…
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