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Best Paper Trading App in the World for 2026

Updated: February 19, 2025
1
8.4
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2
6.55
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3
5.05
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Best Paper Trading App in the World

Table of Contents

  • Intro
  • #1 eToro
  • #2 Hargreaves Lansdown
  • #3 TradeZero
  • #4 Phillip Capital
  • #5 TradeStation
  • Investment Education
  • Summary
  • FAQs

Many traders in the World use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Paper Trading App in the World for 2026, based on our assessments.

1
8.4
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VISIT BROKER
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eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.

2
6.55
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VISIT BROKER
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Hargreaves Lansdown is suitable for trading and investment clients who are experienced in stock market trading.

3
5.05
Study Review
VISIT BROKER
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The TradeZero broker has its strengths and weaknesses, like any platform. However, TradeZero is a simple and reliable solution for entering the global stock market.

4
7.42
Study Review

PhillipCapital is a company for those who have fairly large start-up capital and have experience in the stock markets.

5
7.45
Study Review

The conditions of the TradeStation broker are suitable for experienced traders and investors who make large trades in the US stock market.

1
Best Paper Apps in the World - eToro

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.

👍 Advantages of trading with eToro for traders in the World :

•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.

•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.

•An opportunity to combine active trading with social trading and passive investing.

•Zero-fee trading of a number of stocks.

•Access to ready-made diversified asset portfolios with various risk levels.

•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.

•Zero fees for portfolio management, depositing funds and account maintenance.

👎 Disadvantages of eToro for traders in the World:

•High minimum deposit for users of a number of countries.

•No live chat on the website for quick connection to customer support.

STUDY REVIEW
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2
Best Paper Apps in the World - Hargreaves Lansdown

Hargreaves Lansdown (Hargreaves) has been operating in the stock market since 2007 and provides access to securities that are listed on 23 world stock exchanges. The company is controlled by the Financial Conduct Authority (FCA, 115248) and its clients' investments are protected by the Financial Services Compensation Scheme (FSCS). Many stocks on Hargreaves Lansdown are also included in the FTSE 100 index, which is an indicator of its success. In 2021, the broker was recognized as the Best Investment Platform according to Your Money Awards, and also was awarded the Best for Digital ISA and Best Buy Pension from Boring Money Best Buys. Hargreaves Lansdown is headquartered in Bristol, UK.

👍 Advantages of trading with Hargreaves Lansdown for traders in the World :

•FCA monitors the brokers’ trading activities.

•participation in the FSCS funds protection program.

•Zero brokerage commission on UK stocks.

•Free funds withdrawal from investment accounts.

•the minimum deposit is £1.

•a wide range of assets - over 3,000 investment funds.

•Convenient search for funds, with filters for the investor's portfolio.

•Provides free advice from professional investment experts.

👎 Disadvantages of Hargreaves Lansdown for traders in the World:

•Trading in futures, options, and cryptocurrencies is not supported.

•Investing in retirement accounts is only available to UK citizens.

•Lack of demo accounts and online chat on the website.

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3
Best Paper Apps in the World - TradeZero

TradeZero is a Bahamian broker that provides its clients with access to the interbank market for stock trading. The platform allows you to trade limit orders for NYSE, Amex, and Nasdaq securities for free. Leverage, depending on the parameters of the order, ranges from 1:2 to 1:6. There are no templates for day trading. The broker has developed four trading platforms - ZeroPro, ZeroWeb, ZeroFree, and ZeroMobile, which make it possible to trade with maximum comfort, regardless of the level of the trader and his preferences. The platforms integrate technical analysis tools, news, and analytics.

👍 Advantages of trading with TradeZero for traders in the World :

•The broker allows you to trade all stocks that are listed on the NYSE, Amex, and Nasdaq exchanges.

•In addition to shares, trading in ETFs and options is available on objectively favorable terms.

•Limit orders greater than $1 and containing up to 200 shares are not subject to commission.

•The broker has proprietary software for working from a desktop, in a browser, and on a mobile device.

•Transparent pricing policy, fixed deposit/withdrawal commissions.

•No commissions on the first deposit.

•The broker provides an extensive pool of educational materials for traders of different levels.

•Fast technical support in live chat, and there is a multi-channel call center and email.

👎 Disadvantages of TradeZero for traders in the World:

•The minimum deposit is $500. It does not charge a commission, but this is a significant amount, which sometimes repels beginners.

•Use of the ZeroPro and ZeroWeb software with professional functions $59 per month.

•Technical support is not around the clock or on weekends.

•Service priority is given to premium accounts.

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4
Best Paper Apps in the World - Phillip Capital

Phillip Capital is a broker of PhillipCapital Inc Group, founded in Singapore in 1975. The PhillipCapital subsidiary was established in 2010. Its main office is located in the United States in the Chicago Chamber of Commerce building. Since July 2014, the broker has been regulated by the US Commodity Futures Trading Commission (CFTC) and is also registered with the FINRA (CRD#: 173869/SEC#: 8-69558), SIPC, and the OCC. PhillipCapital provides direct access to the stock market and offers over 2,000 instruments for trading on 30 exchanges in 16 countries. The company also provides a wide range of clearing, financial, and executive services.

👍 Advantages of trading with Phillip Capital for traders in the World :

•No brokerage fees for trading stock market assets.

•Providing access to major American and global exchanges, including CME, EUREX, CBOT, DME, IEX, COMEX, NYMEX, NFX, ICE US, CFE (CBOE), and ICE EU.

•Uses proprietary software.

•Membership in all Asian futures exchanges, which allows traders to expand the list of available trading tools.

•Large selection of supported trading platforms.

•Regulated by CFTC and SEC, membership in FINRA and SIPC.

👎 Disadvantages of Phillip Capital for traders in the World:

•High minimum deposit amount of $5,000.

•Technical support is provided by phone, fax, or email; there is no online chat.

•It does not cooperate with electronic payment systems and charges a commission for withdrawing funds from accounts.

STUDY REVIEW

5
Best Paper Apps in the World - TradeStation

The TradeStation Group (TradeStation) was founded in 1987 as a trading software company then-named Omega Research. After being listed in the American market, Nasdaq launched an online version, and in 2001 it began providing brokerage services for the sale of securities under the TradeStation brand. Until 2021, inclusive, the broker's trading platform was recognized ten times in a row as the best in its class by StockBrokers.com. In 2020, TradeStation was named Broker of the Year at the First Annual TradingView Broker Awards. In the same year, according to Investor's Business Daily, the company was among the Top 4 of US online stock brokers.

👍 Advantages of trading with TradeStation for traders in the World :

•Licensed by the US Securities and Exchange Commission (SEC) and insurance coverage from the Securities Investor Protection Corporation (SIPC).

•Has a wide range of trading instruments, including cryptocurrencies, IPOs, and ETFs.

•Does not charge commissions for trading US stocks and ETFs.

👎 Disadvantages of TradeStation for traders in the World:

•You cannot trade currency pairs.

•Regulators do not oversee TradeStation Crypto, Inc., which maintains crypto trading accounts.

•The support service does not work around the clock and only answers questions that are asked in English.

•There are only a few ways to withdraw funds, the average time of receipt of funds to a bank account is 4-5 business days.

STUDY REVIEW

Best Paper Trading App in the World 2026: Education for Investors

When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.

eToro - Education for Investors

Investment Education Online

eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.

Information provided in the Help Center
Information lacking on the eToro’s website 
What is Take Profit and how to set it?
What are exchange fees and how are they charged?
How to set effective Stop Loss targets?
Descriptions of investment strategies for working with exchange instruments
What is one-click trading?
How to form an asset portfolio on your own?
How to form watchlists?
 
How to work with charts and ProCharts?
 

Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.

Hargreaves Lansdown - Education for Investors

Investment Education Online

Information

Hargreaves Lansdown doesn’t provide courses for novice traders and investors, but hl.co.uk offers a Learn section with recommendations for working in the stock market, as well as useful services and guides.

Information available in the Learn section
Information not available on the Hargreaves Lansdown website
Investment Product Selection Guide
Instructions for working with the trading platform
Comparative table of accounts for trading
Trading psychology
Answers to FAQs
Stock Market Glossary
Portfolio builder for novice investors
Technical and fundamental analysis
Financial advice
 

Risk-free test trading is impossible since the broker doesn’t provide a demo account.

TradeZero - Education for Investors

Investment Education Online

The broker’s website has a section with training materials, videos, and a detailed manual that can be downloaded in pdf format. There is also a FAQs section with basic information. Thus, the broker provides its clients with all the necessary information so that they can successfully invest in securities.

Information in the Learn section and training videos
Information not available on TradeZero’s website
Basic information on the theory of investment
Theories of working with other investment instruments (for example, currencies, metals, raw materials)
The basics of investing in securities
Descriptions of specific trading strategies
Fundamentals of building strategies for investing in stocks and ETFs
Advanced theory of money management
The theory of working with options
Data on the psychology of trading

Some sources write that TradeZero provides a demo account, but it does not.

Phillip Capital - Education for Investors

Investment Education Online

Information

The PhillipCapital website does not provide training, but it does have a newsletter section. Also, useful information can be found in the FAQs section.

Information available in the Education Section
Information not available at the Phillip Capital site
General stock market terminology
Fundamental and technical analysis
Questions about the company’s activities
Stock terms glossary
Account opening information
Descriptions of trading strategies
Main commissions
 
Trading details
 
Information for the correct completion of tax return
 

A demo account is provided to gain experience without the danger of losing money.

TradeStation - Education for Investors

Investment Education Online

Information

The broker's in-house education arm, YouCanTrade, offers a variety of multimedia learning resources designed to help novice traders master the necessary trading skills and generate new trading ideas from experienced traders.

Information available in the Education Section
Information not available at the TradeStation site
Fundamentals of Trading Stock Market Instruments
Forex terminology
A detailed description of the TradeStation trading platform
Rules for developing your trading strategy and applying it in practice
Market reviews, news, and analytics
Online tips from experienced traders
Answers to frequently asked questions about the services and conditions of the broker
Theories and best practices of technical and fundamental analysis

Trading theory can be consolidated in practice by applying the knowledge gained with virtual trading on a demo account.

Summary

In this review, you had an opportunity to learn about the features of 5 brokers, which traders in the World choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Paper Trading App in the World 2026.

eToro Hargreaves Lansdown TradeZero Phillip Capital TradeStation

Overall score

8.4

6.55

5.05

7.42

7.45

Execution of orders

9.1

6.34

4.79

7.19

7.7

Investment instruments

10

6.8

5.4

7.6

8.3

Withdrawal speed

5

6.4

4.9

7.3

7.2

Customer Support work

9.3

6.7

5.2

7.6

7.9

Variety of instruments

7.2

6.18

4.63

7.03

7.6

Trading platform

9.8

6.9

5.4

7.8

6

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FAQ

Do all brokers offer mobile apps for iOS and Android?

Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.

Is it possible to register with a broker using the mobile app?

Yes. Brokers provide an opportunity to open an account and pass verification directly in the mobile app.

Do I need to pay for downloading the app?

Brokers do not charge a fee for downloading their mobile app. They are provided for free.

If I remove the app from my phone and then reinstall it, will I lose the information?

No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.

Team that worked on the article

Mikhail Vnuchkov
Mikhail Vnuchkov
Author at Traders Union

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.

Read more
Olga Shendetskaya
Olga Shendetskaya
Author and editor at Traders Union

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.

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