The best paper trading platforms in UAE are: Plus500, AvaTrade, IQ Option, eTrade, TD Ameritrade, WeBull, TradeStation, Nvstr (Tornado), Interactive Brokers, Bear Bull Traders, Warrior Trading, and NinjaTrader. AvaTrade offers straightforward trading platforms with many educational tools. TD Ameritrade provides services for both beginner and professional investors. NinjaTrader offers many free tools, low commissions, and unlimited use of its free paper trading platforms.
Each paper trading platform has advantages and disadvantages. This article discusses the best paper trading platforms in UAE.
12 Best Paper Trading Platforms UAE 2022 – List
- Plus500 – Best Paper Trading Platform in the UK
- AvaTrade – Best Paper Trading Platform For New Traders
- IQ Option – Best Mobile Trading App For Paper Trading
- eTrade – Best Web Platform For Paper Trading
- TD Ameritrade – Best Desktop Platform For Paper Trading
- WeBull – Best Paper Trading Platform For Casual Traders
- TradeStation – Best Paper Trading Platform with Low Fees
- Nvstr (Tornado) – Best Paper Trading Platform for Leveraging Technology
- Interactive Brokers – Best Pricing For Professional Paper Trading Investors
- Bear Bull Traders – Best Tools For Active Trading
- Warrior Trading – Best Tools For Day Trading
- NinjaTrader – Best Paper Trading Learning tools For New Traders
|RANK||BROKER||GENERAL||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||Plus500||Many research tools||5 / 5||Best in UK||Official website|
|#2||AvaTrade||Platforms for traders at all levels||4.8 / 5||Best for new traders||Official website|
|#3||IQ Option||Access to many tradable assets||4.9 / 5||Best Mobile App||Official website|
|#4||eTrade||Beginner-friendly tools||4.5 / 5||Best Web Platform||Official website|
|#5||TD Ameritrade||Customizable and easy desktop platform||4.7 / 5||Best Desktop Platform||Official website|
|#6||WeBull||Top choice for new investors||3.5 / 5||Best for For Casual Traders||Official website|
|#7||TradeStation||Many account tiers||3.7 / 5||Best Platform with Low Fees||Official website|
|#8||Nvstr (Tornado)||Idea-based investing||4.3 / 5||Best Platform for Leveraging Technology||Official website|
|#9||Interactive Brokers||Excellent trading platforms||4.9 / 5||Best Pricing For Professional Investors||Official website|
|#10||Bear Bull Traders||Offers access to the DAS Trader Pro Simulator||4 / 5||Best Tools||Official website|
|#11||Warrior Trading||Top choice for new traders||4.5 / 5||Best Tools For Day Trading||Official website|
|#12||Ninja Trader||US-based software company||4.3 / 5||Best Learning tools||Official website|
Our Top 12 Paper trading Platforms Reviewed
01. Plus500: Best Paper Trading Platform in the UK
Plus500 is a trustworthy online broker with professional platforms and an asset portfolio. It follows a transparent fee structure and has a minimum deposit fee of US$100.
This broker offers a proprietary platform, a web and desktop platform. Plus500 offers an impressive paper trading experience with many research tools. We recommend it for professional investors, as its learning tools are limited.
02. AvaTrade: Best Paper Trading Platform For New Traders
AvaTrade is a leading online broker with low spreads and trading fees. It offers a comprehensive educational and research site with videos and market data.
AvaTrade has many trading platforms for traders at all levels of experience and skills. It offers a straightforward proprietary platform with useful learning tools. It is a top choice for new investors searching for a reliable and versatile paper trading platform.
03. IQ Option: Best Mobile Trading App For Paper Trading
IQ Option is a top online broker with access to many tradable assets. It offers a proprietary trading platform and an excellent mobile app.
This broker has one of the most popular mobile trading apps for paper trading. The IQ Option mobile trading app is well-designed and user-friendly. It offers access to many features, including charting and trading sentiment.
04. eTrade: Best Web Platform For Paper Trading
eTrade offers a versatile portfolio with many proprietary platforms. It has two mobile apps, a desktop, and a web platform. It is a top choice for paper trading for both new and experienced traders.
eTrade has beginner-friendly tools and platforms. Its web platform provides many research tools, including market research. eTrade has an excellent web platform suitable for paper trading.
05. TD Ameritrade: Best Desktop Platform For Paper Trading
TD Ameritrade is a top online broker with beginner-friendly platforms and services. It has a learning center and access to many learning tools. Its desktop platform is a top choice for paper trading.
This broker has a top desktop platform recommended for both beginner and experienced traders. It is customizable and easy to learn. TD Ameritrade offers access to useful paper trading research tools.
06. Webull: Best Paper Trading Platform For Casual Traders
Webull is the leading online broker with outstanding services for casual traders. It offers access to the Webull community, an excellent place for users to share insights on trading.
This broker has the best desktop, web, and mobile trading apps for casual traders. These offer a high-level overview of markets and news headlines. Its mobile app is reliable and user-friendly, being a top choice for new investors.
07. TradeStation: Best Paper Trading Platform with Low Fees
TradeStation is a technology leader and offers some of the best paper trading platforms. It has many account tiers to suit all trading styles.
This broker has three trading platforms for paper trading. It offers access to a sophisticated desktop platform with valuable tools and learning materials. TradeStation has low fees, being a top choice for traders at all levels.
08. Nvstr (Tornado): Best Paper Trading Platform for Leveraging Technology
Nvstr (Tornado) is a unique brokerage firm focused on offering access to ideas from intelligent investors. It has a competitive offering along with one of the best paper trading platforms. Nvstr has reasonable trading fees and simulated investing accounts.
The central aspect of trading with Nvstr is idea-based investing. Nvstr presents ideas from other investors allowing you to use technology to your advantage. It has a clean platform with a user-friendly design suitable for traders at all levels.
9. Interactive Brokers: Best Pricing For Professional Paper Trading Investors
Interactive Brokers has a long track record in the industry and top-tier licenses. It offers some of the best trading prices for professional paper trading investors.
This brokerage firm has excellent trading platforms with many research and learning tools. It provides access to market data and charts. Interactive Brokers offers the best online trading experience for professional investors.
10. Bear Bull Traders: Best Tools For Active Trading
Bear Bull Traders is a popular online community for active day traders. It offers access to helpful educational resources and support.
Bear Bull Traders offers access to the DAS Trader Pro Simulator. It is one of the best paper trading tools, as it allows traders to test their strategy before going live. Members of the community are encouraged to spend at least three months trading with a simulator before paper trading with a real account.
11. Warrior Trading: Best Tools For Day Trading
Warrior Trading offers access to reliable tools and educational materials for day trading investors. It is a top choice for traders who want to learn and test paper trading ideas.
Warrior Trading has dedicated offers depending on your level of experience. The Warrior Starter is a starting point for new traders to discover their offer and how to trade like a pro. The Warrior Pro is a comprehensive program with structured education and access to a simulator.
12. NinjaTrader: Best Paper Trading Learning tools For New Traders
NinjaTrader is a US-based software company that offers a premium trading platform with advanced research and learning tools. It has low trading fees and high inactivity fees.
NinjaTrader has a great desktop platform with quality educational materials. It is highly customizable with clear fee reports and technical analysis.
What Is Paper Trading?
A paper trade represents a simulated trade that enables an investor to practice buying and selling without risking real money. Most practice trading involves the use of an electronic stock market simulator, which resembles an actual trading platform.
Which Are The Advantages Of Paper Trading?
Paper trading is a fantastic learning tool. It prepares traders for real transactions, and it is a useful tool for new investors. Another advantage of paper trading is that it comes with zero risks. Traders test new strategies against real-time data without using real money.
Are There Any Disadvantages Of Paper Trading?
The main downside of paper trading is that it might not accurately offer a real-life experience. Paper trading has its limitations, and it won’t offer a clear view of commissions and fees. Moving from paper trading to live trades might expose you to some hidden costs.
Plus500, AvaTrade, IQ Option, eTrade, TD Ameritrade, WeBull, TradeStation, Nvstr, Interactive Brokers, Bear Bull Traders, Warrior Trading, and NinjaTrader are the best platforms for paper trading in UAE. Plus500 has the best paper trading platform in the UK. Interactive Brokers has the best offer for professional investors. NinjaTrader is the best paper trading software with an intuitive design.
We review trading platforms with real accounts and money. Our findings depend on 105 criteria, including ease-of-use and safety.
Which Is The Best Paper Trading Platform?
The answer to this question varies depending on your skills and expectations. Before choosing a platform, you should think about what you’re trying to accomplish. It is best to opt for a trading platform with a broker that you want you to use for live trading as well.
Can You Make Money With A Virtual Trading Account?
Paper trading is a simulated account with virtual currency. The profit and losses you make are simulations of what could happen in live trading.
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The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.
Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.
Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
- 1 12 Best Paper Trading Platforms UAE 2022 – List
- 1.1 Our Top 12 Paper trading Platforms Reviewed
- 1.1.1 01. Plus500: Best Paper Trading Platform in the UK
- 1.1.2 02. AvaTrade: Best Paper Trading Platform For New Traders
- 1.1.3 03. IQ Option: Best Mobile Trading App For Paper Trading
- 1.1.4 04. eTrade: Best Web Platform For Paper Trading
- 1.1.5 05. TD Ameritrade: Best Desktop Platform For Paper Trading
- 1.1.6 06. Webull: Best Paper Trading Platform For Casual Traders
- 1.1.7 07. TradeStation: Best Paper Trading Platform with Low Fees
- 1.1.8 08. Nvstr (Tornado): Best Paper Trading Platform for Leveraging Technology
- 1.1.9 9. Interactive Brokers: Best Pricing For Professional Paper Trading Investors
- 1.1.10 10. Bear Bull Traders: Best Tools For Active Trading
- 1.1.11 11. Warrior Trading: Best Tools For Day Trading
- 1.1.12 12. NinjaTrader: Best Paper Trading Learning tools For New Traders
- 1.2 What Is Paper Trading?
- 1.3 Which Are The Advantages Of Paper Trading?
- 1.4 Are There Any Disadvantages Of Paper Trading?
- 1.5 Final Verdict
- 1.6 FAQ
- 1.7 Which Is The Best Paper Trading Platform?
- 1.8 Can You Make Money With A Virtual Trading Account?
- 1.1 Our Top 12 Paper trading Platforms Reviewed