Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best Paper Trading Brokers in India for 2026. Five companies that enjoy huge popularity in India were selected and compared between each other.
1
Easy Equities - Best in India for 2026
Easy Equities provides opportunities for active and passive investing. The broker works with traders from different countries and provides a possibility to earn a profit to users who have no stock trading experience. Easy Equities provides access to the following instruments: stocks, ETFs, ETN, mutual funds and IPO. The broker offers individuals, corporate, savings and kids accounts. There are three account currencies: USD, AUD, ZAR. The instruments available to the client depend on the chosen account currency: American, Australian, South African. The broker also offers its clients Baskets and Bundles investment instruments, which make the investing process easier or automated. The trading is carried out on the broker’s proprietary platforms; the mobile application is available for iOS and Android.
2
TradeZero - Best in India for 2026
At the moment, TradeZero has one of the most favorable conditions among stock brokers. The company allows you to trade a variety of assets, including stocks, ETFs, and options. Leverage of up to 1 to 6 makes it possible to rely not only on your own funds but also to quickly increase capital. An important advantage is the presence of two free platforms of proprietary development, including a mobile application that is not inferior in functionality to the desktop version. No commissions are charged for limit orders up to 200 shares.
3
Revolut - Best in India for 2026
Revolut offers commission-free trading with no minimum deposit requirements. Stocks, cryptocurrencies, and precious metals are available for trading. Client funds are kept on segregated accounts, which is a guarantee of their safety. Since fractional share trading is available at Revolut and there is no brokerage commission per transaction per month, you can start with a minimal investment. Deposits can be made in 28 currencies, but the broker translates them into USD since trading is only on the US stock market.
4
Fidelity - Best in India for 2026
Fidelity Investments offers traders and investors a wide selection of account types. Some instruments are commission-free, while others carry minimal fees that amount to only a fraction of a percent. The minimum deposit is $0 for most brokerage and retirement accounts. For Fidelity Go robo-advisory services, the minimum ranges from $10 to $25,000, depending on the selected service level. The broker does not charge withdrawal fees.
5
Charles Schwab - Best in India for 2026
Charles Schwab provides clients with the Thinkorswim trading platform across multiple devices, along with its proprietary web platform and mobile application. Accounts can be opened without additional service fees. Independent trading can begin with any amount. To transfer assets under management, a portfolio of $25,000 is required. Asset management can be handled either by Charles Schwab employees or by third-party partner organizations. If a client has $5,000 in available funds, it can be used for automated strategies based on robo-advisor recommendations.
What Is a Paper Trading Broker?
Paper trading is simply the act of simulating trading with real money to practice and learn. It's a popular method used by many different types of traders in various markets, but it's particularly useful for Forex (foreign exchange) traders. This is because the Forex market is incredibly complex and can be difficult to navigate for even the most experienced trader.
A paper trading broker allows you to practice your trading strategies with "play money" without risking your real capital. This way, you can learn how to trade without fear of losing your hard-earned cash. In addition, paper trading can also help you test out new strategies or indicators to see if they are effective before using them with real money. All in all, paper trading is an essential tool for any Forex trader who wants to improve their skills and learn how to trade successfully.
What Assets Can I Paper Trade in India?
In India, you can paper trade various assets, including:
Stocks
In India, you can engage in paper trading of stocks to get firsthand experience without spending any real money. Many brokers offer specialized virtual trading platforms for this purpose, and some stock simulator games even allow you to practice under conditions that mimic the live stock market.
Bonds
You can also venture into paper trading of bonds. These are debt securities that allow you to lend money to a borrower, usually a government or a corporation. Practising bond trading lets you gain a deeper understanding of the fixed-income market dynamics, all without risking real capital.
Commodities
You're not restricted to stocks and bonds; you can also paper trade commodities. Whether it's precious metals like gold and silver or energy sources like oil and gas, paper trading offers a risk-free way to learn how these markets function and to test your commodity trading strategies.
Currencies
Paper trading in the Forex market is another option. This practice lets you get acquainted with trading currency pairs and provides insights into the ever-changing dynamics of foreign exchange rates.
Options
The world of options trading can be complex, but paper trading simplifies the learning curve. It enables you to explore the mechanisms of options, which are contracts that give you the right, but not the obligation, to buy or sell an asset at a predetermined price within a set timeframe.
Futures
Futures contracts are another asset you can paper trade. These are standardized agreements to buy or sell an asset at a fixed price on a future date. Paper trading futures allows you to understand how to manage these contracts without any financial risk.
Mutual Funds
Mutual funds pool money from multiple investors to invest in a diverse range of securities. You can paper trade mutual funds to understand their workings and to try out different investment approaches in a simulated environment.
Exchange-Traded Funds (ETFs)
Finally, ETFs can also be paper traded. These are funds that are traded on stock exchanges and contain multiple types of assets. Paper trading allows you to practice how to manage these diversified investments effectively.
How to Choose a Paper Trading Broker in India
To choose a paper trading broker in India, consider the following tips:
Reliability and Reputation
Go for brokers you can trust and who have a strong reputation. Make sure they offer everything you need for your trading style. Look into any awards they've won and what industry experts are saying about them.
Range of Trading Instruments
Pick a broker that lets you paper trade a variety of assets like stocks, bonds, and commodities. This variety can help you build a well-rounded paper trading portfolio.
Training Materials and Support
Choose a broker that offers solid educational resources like guides, webinars, and customer support. These resources can make your learning journey smoother.
User-friendly Interface
Select a broker that has an easy-to-use platform. You should be able to place trades and check your portfolio without any hassle.
Cost and Fees
While paper trading is often free, some brokers might charge for extra features. Be aware of any commissions and fees that could apply.
How Can I Start Paper Trading in India?
Paper trading offers a risk-free way to practice stock trading skills. Here's how to get started with paper trading in India:
Step 1: Thorough Platform Research
Begin by extensively researching paper trading platforms accessible in India. Your goal is to find a platform that offers a realistic simulation of live market conditions. Read user reviews, consider platform features, and evaluate the user interface to ensure it aligns with your trading objectives.
Step 2: Detailed Account Setup and Portfolio Allocation
After you've selected a platform, the next step involves creating an account. Platforms may require varying levels of information, so prepare to provide what's necessary for verification. You'll usually receive a set amount of virtual money to start with. Allocate these funds across different assets or market sectors, mimicking the kind of investment strategy you'd use with real money.
Step 3: Active Trading and Performance Analysis
Once your account and portfolio are ready, it's time to actively engage in paper trading. Monitor market news, stock performance, and other influencing factors to make informed trading decisions. Regularly review your trading history to identify strengths and weaknesses in your strategy. Adapt and fine-tune your approach based on your analysis.
TU Expert Review for the best Paper Trading Brokers in India
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best Paper Trading Brokers in India is posted below.
Easy Equities - TU Expert Review
Easy Equities (EasyEquities) is an international broker offering services to investors from different countries. The company has no restrictions based on the level of professionalism and offers optimal investing conditions that are suitable both to novice market players and to professionals. Specifically, the broker offers its clients pre-selected portfolios of stocks, which can be adjusted, if desired, and used to earn income. EasyEquities offers several accounts to choose from, including accounts for active trading, savings account, and an account for trading fractional shares in properties. There are also kids’ accounts. There are no limitations on the deposit amount; an investor can deposit any amount of money. In addition to stocks, investors are offered mutual funds and ETFs, ETN, IPO, crypto. Transaction fee is only 0.25% from the transaction amount; a minimum of USD 0.01. Easy Equities does not charge non-trading fees. However, when performing financial transactions, investors need to keep in mind that this process takes 2-3 working days on average. You also need to be attentive when withdrawing money from an international account, because the withdrawal fee is set by the bank the investor uses. There are not too many ways to contact the broker’s customer support and you cannot contact the company instantly.
TradeZero - TU Expert Review
The broker is headquartered in the Bahamas and is licensed by Lloyds of London and Bahamas First General, the latter of which is rated A by AM Best. Investor funds are insured. The broker complies with tax reporting and works transparently, there are no facts of fraud or violation of the law. Traders can work with stocks, ETFs, and options. All the most popular stocks from the NYSE, Amex, and Nasdaq lists are available. Work with assets is carried out through one of four terminals, all of which are developed and supported by TradeZero specialists. Two terminals are free, including a mobile one. Paid terminals include web and professional versions. They differ in the available functions, such as the number of windows and additional tools. Among the advantages of the broker, one can note a large selection of assets, fixed commissions, convenience, and functionality of terminals. Disadvantages include an initial deposit of $500 and the presence of commissions for depositing funds. It is also worth noting that technical support does not work on weekends, and on weekdays it is only available until 5:00 pm, Eastern time. In general, the broker offers good conditions that stand out when compared with its many competitors. The platform can be recommended to both novice investors and professionals. As for beginners, a large number of high-quality training materials can be considered a clear advantage.
Revolut - TU Expert Review
Revolut offers investments in shares of more than 800 American and international companies, cryptocurrencies, and precious metals. The broker is focused on independent traders and doesn't offer financial advice or client asset management, but social trading is available for beginners. The mobile app has a list of successful traders who offer connections to their trading platform to copy trades. If the client has experience in trading the stock market, he can switch his profile to public, and the results of his trading will be available to those who prefer not to trade on their own. The company guarantees the security of transactions in the app, which can be downloaded from Google Play or the App Store. In addition to the fingerprint scanning feature, one-time virtual cards are available for online payments when logging into the app. These can be used to make a single transaction, after which the card details are automatically changed. The Sherlock anti-fraud system is used to warn of suspicious transactions on a customer's account. Part of the funds that are on deposit can be reserved in the "cash vault". Up to 0.65% per annum is accrued on these funds daily, and the money can be returned to the main deposit at any time. The main disadvantages of this broker are the limitation of transactions without commission on the free plan and a limited selection of financial instruments for investment.
Fidelity - TU Expert Review
Fidelity Investments has been operating in financial markets for more than 75 years and has proven to be a reliable partner for its clients. The company keeps pace with modern trends and implements advanced trading technology. A striking example is its newest proprietary platform Fidelity Trader+. It offers real-time data, advanced charting, and expert analytics, across web, desktop, and mobile devices. Fidelity Investments also provides investors with access to personal managers. Based on the information presented in the news sections of Fidelity Investments, clients can evaluate market prospects themselves and choose promising assets for trading. The broker also provides educational materials, including online webinars. Additionally, its specialists regularly conduct coaching sessions for clients.
Charles Schwab - TU Expert Review
An analysis of Charles Schwab’s trading conditions and website shows that the company supports both active online trading and long-term investing. It is possible to start trading stocks with any amount, and the broker also offers an educational program, which makes Charles Schwab suitable for beginners. Customer support is available 24/7. Charles Schwab uses a different model for margin trading. Instead of leverage based on deposit size, it offers margin lending. A client can borrow funds to purchase securities and then pays interest on the margin loan. Interest accrues daily and is charged monthly. The rate depends on the loan balance and Charles Schwab’s current base rate. For example, a client buys $5,000 worth of stocks and borrows an additional $5,000 through a margin loan. With this loan size, the rate may be about 10% per year. After selling the securities, the client must repay the $5,000 loan plus accrued interest, which in this case would total about $500 over a year if the loan is held for the full period. The trader’s net profit is the amount left after selling the assets, minus interest payments, brokerage commissions, and taxes.
Summary
Many brokers operate in India, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best Paper Trading Brokers in India 2026 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best Paper Trading Brokers in India
| Easy Equities | TradeZero | Revolut | Fidelity | Charles Schwab | |
|---|---|---|---|---|---|
|
Overall score |
5.65 |
5.05 |
9.5 |
8.7 |
8.6 |
|
Execution of orders |
5.44 |
4.79 |
9.2 |
8.4 |
8.3 |
|
Investment instruments |
5.9 |
5.4 |
9.8 |
9 |
8.9 |
|
Withdrawal speed |
5.5 |
4.9 |
9.6 |
8.8 |
8.7 |
|
Customer Support work |
5.8 |
5.2 |
9.4 |
8.6 |
8.5 |
|
Variety of instruments |
5.28 |
4.63 |
9.1 |
8.3 |
8.2 |
|
Trading platform |
6 |
5.4 |
9.9 |
9.1 |
9 |
|
|
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|
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FAQ
Who is the best trader in 2026?
Revolut stands out as the best trader in 2026. Their cutting-edge technology and trading strategies have set them apart.
Which is best for paper trading in India?
Interactive Brokers offers the best paper trading platform in India. It combines a user-friendly interface with powerful analytical tools.
Is there any risk in paper trading?
Paper trading carries no financial risk since you're using virtual money. However, emotional factors like overconfidence can translate into real trading.
What is the best paper trading account?
Charles Schwab provides the best paper trading account. They offer an intuitive platform and a wide range of research tools.
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Does the choice of a beginner differ from the choice of an experienced trader?
Yes. A novice trader should primarily consider the availability of educational tools and a demo account, as well as basic assets. A more experienced trader is interested in wider opportunities on advanced account types, a wider choice of instruments for technical analysis, and a greater number of trading instruments.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
Best Paper Trading Brokers by Countries
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
