PaperTrade Hub

Practise trading without risking money

Paper trading lets you test strategies with simulated money. This directory lists well-known simulators and demo accounts, with notes on what each is best for. Details change often, so verify on each provider’s site.

TradingView Paper Trading

Charting-first practice

Simulated trading built into the charting platform; works across many markets.

Free paper/demo optionSign-upBeginner-friendlyCheck Australian availability

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Interactive Brokers Paper Account

Realistic multi-market simulation

Requires an IBKR account application; mirrors the live platform and API.

Free paper/demo optionBroker applicationAPICheck Australian availability

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Alpaca Paper Trading

Algorithmic / API testing

Developer-oriented paper API for US stocks and crypto.

Free paper/demo optionSign-upAPICheck Australian availability

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thinkorswim paperMoney

Options practice

Simulator from Schwab’s thinkorswim; availability for non-US residents may vary.

Free paper/demo optionBroker applicationAustralian availability varies

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MetaTrader 4/5 Demo

Forex and CFD practice

Demo accounts are offered by many brokers that support MetaTrader.

Free paper/demo optionSign-upBeginner-friendlyCheck Australian availability

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Tags are general editorial notes, not guarantees. “Australian availability” is something to confirm with each provider. Listings are editorial and not paid. Sponsors are always labelled.

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