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      Perfect your strategies with paper trading

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        Trade with $1,000,000 virtual cash
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        Build up your skills by trading stocks, ETFs, and options
        with powerful analysis tools
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        100% free
      Start paper trading
      Disclosure
      $1,000,000 virtual cash with moomoo paper trading tool $1,000,000 virtual cash with moomoo paper trading tool
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      Build up your skills without risking real capital

      Step 1

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      Step 1. Register with moomoo

      Start with $1m virtual cash in your paper trade account.

      Step 2

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      Step 2. Start paper trading

      22,000+ stocks, ETFs and US options from AU/US/HK markets.

      Step 3

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      Step 3. Learn. Communicate. Improve.

      Learn from 600+ free educational courses and 25M global users.

      *Paper Trading competitions are not held on a regular basis. Please pay attention to the latest information.
      Get started

      Learn and compete
      with a global community

      Powerful and
      handy tools

      Utilize intuitive indicators, Wall-street analyst ratings, and real-time data to assist in your decisions.

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      Learn and
      practice

      Study with 600+ courses built for all levels. Test new strategies without putting your capital at risk.

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      Real investor
      community

      Follow top-performing paper traders and learn from others' ideas.

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      Open Account

      FAQs about paper trading

      What is paper trading?

      Paper trading is a virtual stock market simulator that allows investors to practice their investing strategy in a risk-free environment. It allows beginner level investors to practice buying and selling securities using virtual money. With paper trading, experienced traders can test new strategies to see how trades would perform in real-time without risking their capital in the live market.

      Is moomoo's paper trading tool free to use?

      Yes, moomoo paper trading is free to use. The transaction fee of moomoo paper trading does not involve real expenditures. Moomoo paper trading is available on the moomoo web, desktop and mobile app. Currently, the web version is only available for stock trading.

      How do you use the paper trading feature on moomoo?

      Easy. Here's how: click the "Paper Trade" tab (desktop and mobile apps) or "Paper Trading" button (moomoo website). Then, activate your paper trading account and get up to $1 million in virtual funds. Once your account is active, you can start your paper trading journey on moomoo.

      Why should I use moomoo's paper trading tool?

      Moomoo offers paper trading functions by providing simulated funds from the system to buy and sell stocks. It helps users to practice investing and familiarise themselves with the trading rules without using real money. With moomoo paper trading, you can get $1 million in virtual funds to trade stocks or options.

      Who should use paper trading?

      Paper trading is an essential tool for anyone. Not only is it great for new traders who want to practice investment strategies, paper trading is a helpful tool for experienced investors wanting to develop a new strategy before risking their own money.
      See more