Paper trading on Webull lets you practice buying and selling stocks, ETFs, and options without risking real money. It’s like playing a stock market video game—except everything mimics the actual markets, giving you a near-real experience. Whether you’re a beginner testing the waters or an experienced trader trying new strategies, Webull’s paper trading offers a safe space to build confidence.
How Webull’s Paper Trading Works
Webull gives you a virtual account with $1 million in fake cash to trade with. This gives you plenty of room to experiment with different investments and strategies without worrying about losing money. The platform uses live market data, so prices and charts update just like they would if you were trading with real money.
You get access to the same tools, charts, and order types as a real trading account. You can place market orders, limit orders, and even simulate options trades. The only difference? When you buy or sell, you’re using virtual funds. This makes it perfect for learning, testing strategies, or just getting familiar with how Webull's app works.
Photo by AlphaTradeZone
Why Use Paper Trading on Webull?
Trading can be intimidating. Starting with real money means you risk your hard-earned cash—and that stress can cloud your decisions. Paper trading lets you:
- Practice without pressure: Since it’s fake money, you’re free to experiment.
- Test strategies: Try out day trading, swing trading, or long-term investing without financial stress.
- Learn the platform: Master Webull’s tools, charts, and order system.
- Build confidence: Gain experience before committing real money.
- Understand market mechanics: Experience how orders fill, how prices move, and how news impacts stocks.
Webull’s paper trading is especially useful for beginners who want to avoid costly mistakes right out of the gate. Professionals use it too—as a sandbox to test ideas without real risk.
Features You’ll Find in Webull’s Paper Trading
The platform isn’t just a basic simulator. It’s packed with features that make the experience realistic:
- $1 million in virtual cash: Plenty to fund large trades or multiple positions.
- Real-time market data: Prices change as they do in live markets.
- Multiple order types: Market orders, limit orders, and more.
- Technical analysis tools: Over 60 indicators and 12 charting tools.
- News and research feeds: Stay updated with the latest market info.
- Mobile and desktop access: Trade wherever you are.
- Custom alerts: Get notifications on price movements, volume changes, or news.
The only big limitation is that advanced risk management tools like stop-loss or take-profit orders aren’t fully supported in paper trading. You’ll manage your trades manually, which is a small compromise given the overall solid experience.
How to Get Started With Paper Trading on Webull
Starting is simple and free. Just follow these steps:
- Create a Webull account if you don’t already have one.
- Switch to paper trading mode inside the app or desktop platform.
- You’ll get $1 million in virtual funds credited to your new demo account.
- Pick your securities—stocks, ETFs, or options.
- Use the regular trading tools to place orders and manage your portfolio.
- Track your results and adjust your approach without risk.
You can switch back and forth between real and paper trading, making it easy to test ideas before using actual money.
Who Should Use Webull’s Paper Trading?
- New traders looking to learn the basics.
- Hobbyists wanting to explore trading without financial risk.
- Seasoned traders trying out new ideas or unfamiliar asset classes.
- Investors wanting to get comfortable with stocks, options, or ETFs.
Even if you never intend to trade live, paper trading sharpens your market understanding and helps build habits that can improve your investing skills.
Conclusion: Safe Practice Before You Dive In
Webull’s paper trading gives you a risk-free platform to test the waters. It’s a practical way to get familiar with market moves, try out different trading strategies, and learn to use Webull’s tools—all without spending a dime. This approach can save you money and frustration once you decide to trade with real capital.
Think of it as your trading playground. Use it wisely, treat it seriously, and it can prepare you well for actual investing. Whether you’re just starting out or expanding your skill set, paper trading on Webull is a smart first step.