You’ve probably heard it all before from different stock exchange and e trade enthusiasts: if it’s too good to be true, then it probably is – and to trade options without risking your real money definitely falls into that category. New investors and experts alike would tell you that there’s no such thing as risk free trading – which is true, of course (can’t argue with the experts!)

But listen to this: it is possible to learn and practice how to trade options without putting any real money on the line. If you’re a stock market newbie or a seasoned investor, virtual options trading simulator, also known as paper trading, can help you gain valuable experience and test stock trading and other financial instruments strategies without risking any of your hard-earned cash.

IQ Option represents millions of customers from 175 countries who speak 13 languages, and they always come back to our platform for more Universal links We do the work of detecting your users' location, language, and device, and send them to the most suitable landing page. Practicing a new strategy on the IQ Option practice account for a week or two before trading real money doesn't guarantee that you'll become a pro trader. But it will significantly cut down your learning curve. Creating your personal IQ Option trading plan There are three ways to make money. What is a demo account and how does it work? Well, this feature allows you to test a platform before committing any of your own money. Usually, you will be credited with $10,000 as an example. Now, this is not real money but virtual funds. You then use this money to practise trading on the platform.

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Virtual options trading simulator is a form of e trade that allows you to practice trading using virtual currency. It gives you a feel of the real thing by getting your feet wet for real life trading.

In this article I will be explaining what virtual options trading simulator actually is, and also recommend the best platforms available online to open your options trading account with and get reliable trading strategy.

Let’s get started!

Unlike other brokers that use a standard trading platform, IQ Option has a proprietary custom-built platform to cater to the needs of new investors and experts alike. The platform is very easy to use and is well-designed.

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It is easy to get started on this platform. It has many useful trading options, including multi-chart layouts, technical analysis, historical quotes, volatility alerts, stock market updates, stock screeners, economic calendars, and more. It’s also available in 13 different languages. Sign up with IQ option right here

Virtual options trading simulator/paper trading – is a form of virtual stock exchange where you can invest virtual currency in markets formulated by various online platforms. Through this medium, you have the opportunity to trade options hands-on with zero risk and real time market quotes.

You’ve probably researched about options trading and might already know the basics, but the buck doesn’t stop there. Some people would say with the help of virtual options trading simulator/paper trading, you can jump into the world of options trading immediately, but I highly advise against that. The complexity of options trading can be intimidating for any level investor and virtual options trading simulator will help you establish better control over the risks and rewards in the future. It will also help you assess and decide on the different trading options you have before you start trading.

For entry level traders, these online platforms are the perfect place to start: you have an opportunity grasp the basics in a risk-free environment, and most will also include real time trading prices and other helpful resources in case you get lost in the lingo of options trading. It’s also great for experienced traders alike, as you can formulate and perfect your strategies and approach before taking your chance in real world trading.

By the way, if you’re brand new to options trading and Forex, and want to maximize your potential returns as quickly as possible - I’d highly recommend Bob James’ signals - he has over 10+ years experience on the stock market, and when you join his service, you get 2-7 trades per day with a 350 pip monthly average!

A lot of these stock trading and financial instruments platforms nowadays are free and provide different helpful trading features like real time market news and quotes. Not only do you not run the risk of losing your hard-earned money, you also don’t get to spend a dime just to practice trading virtually. What more could you ask for in stock market simulators?

The Best Platforms to Practice and Learn Options Trading

Here’s a review of my favourite virtual options trading simulator platforms to practice options trading online. These virtual options trading simulator platforms are stock market simulators that will give you an edge in stock trading. All are suitable for both novice and professional traders, so choose the platform that best suits all your needs, and sign up for a practice options trading account.

1. IQ Option (our #1 pick in 2021)

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IQ Option is our #1 pick in 2021 for options trading. IQ Option is a trading platform with useful trading tools that you can use to buy and sell a wide variety of instruments. Among them are CFDs on Forex, Crypto, Stocks, Commodities, Indices, and ETFs. You may find the available for trading assets in the Assets tab and check the price performance as well as trading hours.

They also process more than 1 MILLION transactions per day. IQ Option is a legit broker and one of the most reputable companies in the industry. Their intuitive trading platform is the best around and we highly recommend IQ Option to traders of all experience levels, beginner to advanced.

2. Options Industry Council

The Options Industry Council simulator provides users with real-time analyses of markets – taking into consideration their current market conditions. This is perfect for those who are eager to learn trading options in the current financial environment today. Their trading simulator is 100% free, and you have the choice of using the available data from the simulator, or you could input your own data to work with. The OIC simulator isn’t as comprehensive compared to the next few simulators I am going to mention. But again, if you’re a beginner, this simulator might be the right place to start.

3. Investopedia

Of course – you’ve probably heard of Investopedia; you’re into trading, after all. While Investopedia is more well known because of its vast amount of informational resources used in finance and trading, the website also boasts of its very easy-to-use stock simulator. You start with $100,000 worth of virtual money to invest, and you can even view various options chains through this trading simulator platform. While the simulator already has some useful guides available in it, the main Investopedia website is already a great resource for all your questions when you feel overwhelmed with trading lingo you may not be not familiar with.

4. MarketWatch

MarketWatch is popular among experienced users of stock simulator, and even experts of the stock market – probably because MarketWatch regularly opens contests where the best traders can get featured on an article on their site. If you’re a beginner, MarketWatch can also work for you, as you can still trade on your own – without the worry of competition – using virtual currency and real-time information available. Their main website also contains the latest updates in financial and investment-related news, which can be useful for your enhanced performance in the stock market.

5. Thinkorswim PaperMoney

Thinkorswim is arguably the most unmatched options trading simulator platform online, and for good reason. In the game, you’re given $100,000 worth of virtual money, which you can choose to invest in options, stocks, and forex, among others. Thinkorswim also provides a blanket of educational webcasts. A bit of a warning: thinkorswim PaperMoney is only available for download, however. If you’re an experienced user looking for a more exciting trading simulator platform and are looking for more its advanced features, you will find value using Thinkorswim.

Pro-tip: Thinkorswim also has a fantasy stock market game, which can be found here.

Go On and Trade – Without Risking Money!

Now that you know how to practice options trading without risking money, what are you waiting for? Sign up for these trading simulators platforms and sharpen your options trading strategy today!

If you’re still dubiou

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