Best App for Paper Trading in India (2025) [Tested & Reviewed]

Table of Contents

1. What is Paper Trading & Why Does It Matter?

2. How Did We Choose the Best App for Paper Trading?

3. Which Are the Top Paper Trading Apps in India in 2025?

4. What Features Should You Look for in a Paper Trading App?

5. Detailed App Insights by Market & Use Case

6. Real-World Reviews: Indian & Global Apps Compared

7. Case Study: How Paper Trading Helped a Beginner Make Real Gains

8. Key Takeaways

9. FAQs

10. TL;DR

What is Paper Trading - Best App for Paper Trading

Paper trading apps simulate real-market trading, letting you practice without risking actual money. The best app for you depends on your experience level, market region, target asset classes, and preferred features.

It's crucial for:

• Beginners testing strategies.

• Professionals experimenting with new ideas.

• Building discipline and trading psychology.

Best app for Paper trading is a commonly searched phrase in 2025 — and this guide will help you find your ideal choice.

How Did We Choose the Best App for Paper Trading? 

We tested, analyzed, and reviewed over 10 popular apps based on:

• Accuracy of market simulation

• Ease of use and user interface

• Integration with real-world data

• Specific use-cases like options, intraday, long-term

• Learning support & analytics

Sources like TradingView, Groww, Zerodha Varsity and Sensibull helped validate accuracy.

Which Are the Top Paper Trading Apps in India in 2025?

What Features Should You Look for in a Paper Trading App? -  Best App for Paper Trading

• Real-time or near real-time market simulation

• Full virtual portfolio tracking

• Access to options, futures, and equities

• Technical charting tools (preferably with TradingView)

• Learning modules or community

• Free access for beginners

Detailed App Insights by Market & Use Case

1.For Intraday Traders: TradingView

TradingView’s paper trading mode is excellent for learning price action, chart patterns, and timing. Best for short-term, chart-based traders.

2.For Options Traders: Sensibull + Dhan

Dhan and Sensibull integration allows users to place and simulate options trades. Sensibull’s virtual trade mode helps calculate Greeks and risk.

3.For Strategy & Algo Traders: Zerodha Streak

Streak helps automate entry-exit rules, simulate them in past data, and deploy to live market later. Good for those testing mechanical systems.

4.For Beginners: Dhan & Investopedia

Dhan offers a beginner-friendly UI with paper trading for stocks and options. Investopedia is great for foreign market learners.

Global & US-focused Apps -  Best App for Paper Trading

1. Interactive Brokers

Audience: All levels, global markets

Key Features:

• $1,000,000 virtual cash

• Simulation across stocks, options, futures, forex, and bonds

• Access to global exchanges, real-time quotes

• Desktop, web, and mobile platforms

Unique Advantage: Closest simulation to live investing—excellent for preparing for actual trades.

2. Webull

Audience: Beginners and international users

Key Features:

• Unlimited virtual cash with seamless reset

• Fast order execution and tournaments

• Real-time market data

• Mobile-friendly design

Strengths: Ideal for US stock learners who want an intuitive interface.

3. Thinkorswim by TD Ameritrade

Audience: Advanced users, US-focused

Key Features:

• “PaperMoney” account with $100,000

• Pro analytics and studies

• Strategy testing with deep tools

Unique Points: Trusted platform for serious US-based paper traders.

4. ProRealTime

Audience: Advanced global traders

Key Features:

• Unlimited paper trading

• Advanced charting and execution

• Global market support including crypto

Why It’s Valued: Perfect for power users looking for speed, analytics, and custom setups.

Other Useful Simulators

• Investopedia Simulator: Learning-focused, US stock simulation with articles.

• SmartBulls & Stock Simulator (AInvest): Indian-focused, mobile apps.

• KavKrish Paper Trading: Simple Indian app with real derivative/index data.

Feature Comparison Table

Case Study: How Paper Trading Helped a Beginner Make Real Gains

Ritika, a 22-year-old student from Pune, used TradingView for 3 months before opening her Zerodha account.

“I was scared to lose money but after trying over 50 trades virtually, I felt confident to try real ones.”

She started small with ₹2,000 and made 11% in her first month after moving from paper trades.

Key Takeaways

• Best app for Paper trading varies by use case — there's no universal answer

• Use TradingView for technical practice, Sensibull for options, Dhan or Frontpage for beginners

• Try apps that allow strategy building and performance analysis (like Zerodha Streak or NeoStox)

• Start with ₹0 risk to build real confidence and discipline

• Most top apps offer free paper trading modes

FAQs

1. Which is best for paper trading in India? TradingView, Dhan, Frontpage, and Sensibull stand out depending on what you want to learn.

2. Is paper trading profitable? Not in real money, but yes in skills, confidence, and performance planning.

3. Which is the No. 1 trading app? For real trading: Zerodha. For paper trading: TradingView or Dhan.

4. Can I do paper trading for free? Yes, most platforms like Frontpage, Dhan, and TradingView offer free accounts.

5. Why is paper trading so easy? No emotional or financial pressure—perfect for learning calmly.

6. How can I start paper trading? Just sign up on apps like TradingView or Frontpage and begin placing virtual trades.

7. Is Sensibull paper trading free? Partially — full strategy tools require a subscription.

8. Is TradingView good for paper trading? Yes, one of the best platforms for technical-based simulation.

9. Is paper trading still available? Yes, and more refined than ever in 2025.

10. Which trading is best for beginners? Equity delivery and paper trading through Dhan, Frontpage, or Investopedia.

11. Is Groww good for trading? Good for investing. Not ideal for active or paper trading.

12. Does Upstox have paper trading? No official feature currently.

13. Can I paper trade on Zerodha? Not directly. Use Streak or connect Zerodha to TradingView.

14. Does Groww allow paper trading? No, it's focused on long-term investing.

TL;DR

• Best app for Paper trading depends on experience, market, and tools needed

• TradingView, Frontpage, Dhan, and Sensibull are top picks for 2025

• Try 2–3 apps before going live to see what fits your style

• Most offer free practice tools — make use of them before risking capital