Paper Trade without Risks

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    Start with $1M virtual money
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    Practice building up your trading skills in Malaysia and US stocks, options with real-time quotes and 100+ tools
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    Completely free
Start paper trade

Build up Your Investing Skills without Risks

Step 1


Step 1. Register with moomoo

Receive $1M virtual money in your paper trade account.

Step 2


Step 2. Start paper trade

10000+ stocks and options

Step 3


Step 3. Learn. Practice. Improve

Explore 700+ educational resources, follow top users,and join paper trade competitions*.

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

Experience the Market in A Risk-free Environment

Powerful and
handy tools

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


Learn and

Study with 700+ courses built for all levels. Test new strategies without putting your capital at risk.


Real investor

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

Open Account
Financial services in the moomoo app are provided by Moomoo Financial Inc. You will be redirected to Moomoo Financial Inc's web domain, where the account application pages are hosted.


What is Paper Trade?

Paper trading is a virtual stock market simulator trading strategy. 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 Paper Trading 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 web, desktop, and mobile app. Currently, the web version is only available for stock trading.

How to Use Paper Trading on Moomoo?

You can easily start paper trading on the moomoo desktop app, mobile app, or on the web.Here's how: first, find the tab "Papertrade" on the moomoo desktop / mobile app or "Paper Trading" on the moomoo website. Then activate your paper trading account and get up to $10 million in virtual funds. Once your account is active, you can start your paper trading journey on moomoo.

Why Use Moomoo Paper Trading?

Moomoo offers paper trading functions by providing simulated funds from the system to buy and sell stocks. It helps users to practice investing and familiarize 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, and $10 million in virtual funds to trade futures.

Who Should be Using Paper Trading?

Paper trading is an essential tool for anyone, not only it is for a new, inexperienced, or younger trader who want to practice investment strategies, but also for experienced investor who want to develop a new strategy before risking their own money.