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Practice and Test
Your Trading

Strategies Like a Pro
No commission
Ready to test your strategies?
Trade a wide range of stocks, options, and futures with virtual funds, risk-free. Get $1 million in virtual money for stocks or options, and $10 million for futures. No deposit required. No fees. No commission*.
Why Use Paper
Paper trading is a safe place for traders to build their confidence in trading without risking a penny.

Gain experience in trading from finding new trade opportunities to taking profit/ losses without the fear of losing money.

Develop self-discipline to follow your trade plans religiously.

A safe place for traders to test new strategies without putting their capital at risk.

Why Use Moomoo Paper Trading?
Moomoo's Paper Trading simulator lets you trade in realistic market conditions and learn from mistakes without risking real money.

Powerful Functions to Level Up Your Trading Skills

Trade with real-time quotes and data in a realistic simulated environment.

Access pro-level tools and start using new charts and indicators in your strategy.

Follow top-performing traders in our paper trading community to learn from their strategies.

Trade a Wide Range of Stocks, ETFs, Options, and Futures*

Use $1,000,000 in virtual funds to trade stocks or options, and $10,000,000 to trade futures.

Practice trading in the US, and global stock markets: Hong Kong, Singapore and China-A-shares

Access to options trading including index options.

Gain More
Confidence in Trading

Register for Paper Trading

Sign up and register today.


Activate Your Paper Trading Account

Get up to $10,000,000 in virtual money.


Start Live Trading

Use your virtual funds to test and practice your strategies.



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.