Learn Risk-Free

Paper TradingPractice Options Risk-Free

Test your strategies with virtual money before risking real capital. The best way to learn options trading.

Cost
Free
Risk
Zero
Learning
Maximum

What is Paper Trading?

Paper Trading (also called demo account) allows you to trade with virtual money under real market conditions. You can test strategies, get to know the platform and gain experience - without risking a single euro.

No Risk

Learn from mistakes without losing money. Perfect for beginners.

Real Data

Trade with real market prices and realistic conditions.

Strategy Tests

Test new strategies before using real money.

Best Paper Trading Platforms

Compare the top platforms for risk-free options training.

Recommended
Libertex logo

Libertex

Demo: €50.000

Award-winning platform with free demo account. Over 300 CFDs on stocks, indices and more. Ideal for beginners.

Unlimited demo accountReal market conditionsMobile app availableGerman support
Very user-friendly
Zero-spread trading
Fast execution
Learn More
Thinkorswim (TD Ameritrade) logo

Thinkorswim (TD Ameritrade)

Demo: $100.000

The professional platform for options trading. PaperMoney feature with $100,000 virtual capital.

PaperMoney simulatorReal options chainsAdvanced chartsStrategy Roller
Best analysis tools
All strategies possible
Large community
Visit Website
For Pros
Interactive Brokers logo

Interactive Brokers

Demo: $1.000.000

Paper Trading Account with access to global markets. BaFin-regulated.

Global market accessReal options dataTWS platformAPI access
BaFin-regulated
Professional tools
Low fees
Learn More
AvaTrade logo

AvaTrade

Demo: €100.000

AvaOptions platform with dedicated demo mode. Specialized in options trading.

AvaOptions demoVanilla optionsRisk management toolsEducational resources
Specialized in options
Good training materials
Regulated
Learn More
TradingView logo

TradingView

Demo: Unlimited

Paper Trading directly in the chart. Ideal for strategy testing and charting.

Integrated in chartCustom alertsCommunity ideasReplay mode
Best charts
Large community
Free to use
Visit Website

How to Start Paper Trading

1

Choose Platform

Choose a platform that fits your needs.

2

Open Demo

Register and open a demo account.

3

Test Strategies

Start with simple trades and increase complexity.

4

Analyze

Keep a trading journal and learn from every trade.

Tips for Effective Paper Trading

Trade Realistically

Trade with the same amount you would use in real trading. Unrealistic position sizes distort results.

Keep a Journal

Document every trade: entry, exit, reasoning. This helps you learn from mistakes and successes.

Take Your Time

Practice for at least 2-3 months before switching to real money. Patience pays off.

Mind Emotions

Paper trading feels different than real trading. Mentally prepare for the difference.

Limitations of Paper Trading

What Paper Trading Cannot Simulate:

  • •
    Real Emotions:Fear and greed strongly influence real trades.
  • •
    Slippage:In reality, orders are not always filled at the desired price.
  • •
    Liquidity Issues:Large positions can be difficult to execute.
  • •
    Fees:Some demo accounts do not account for realistic trading costs.

Ready to Practice?

Start paper trading today and build your skills before risking real money.

Start Libertex DemoTrading Journal GuideBeginners Guide