which broker allows paper trading?

T

tradingnoob

Member
#1
#1
Hi all,

New to trading, and am looking for a brokerage that would allow me to do paper trading initially (for the first few months at least). It would be nice if they don't insist on having money in the brokerage account - but I can put in some token money just to keep them quiet if needed :)

I tried moneycontrol, but it seems very basic - you can't even set stop loss, etc.

Any suggestions on which brokers I could look at? Ideally this would be the broker I would do live trading in the future with - I would be using the paper trading exercise as a dry run towards that. Needless to say, I prefer someone with low brokerage, and who does a good job with order management. Initial focus on equities only.

Thanks for your thoughts.

PS: I am trying to open an account with Zerodha by filling out their online form. Why do they need my bank account details (acc number, ifsc code, etc.)??
 
Last edited:
megapixel

megapixel

Well-Known Member
#2
#2
tradingnoob said:
Hi all,

New to trading, and am looking for a brokerage that would allow me to do paper trading initially (for the first few months at least). It would be nice if they don't insist on having money in the brokerage account - but I can put in some token money just to keep them quiet if needed :)

I tried moneycontrol, but it seems very basic - you can't even set stop loss, etc.

Any suggestions on which brokers I could look at? Ideally this would be the broker I would do live trading in the future with - I would be using the paper trading exercise as a dry run towards that. Needless to say, I prefer someone with low brokerage, and who does a good job with order management. Initial focus on equities only.

Thanks for your thoughts.
Click to expand...
try .. NSE pathsala.

PS: I am trying to open an account with Zerodha by filling out their online form. Why do they need my bank account details (acc number, ifsc code, etc.)??
Click to expand...
they need a/c details so that fund transfer can be done...pay in / payout at later stage.
 
A

Algo

Active Member
#3
#3
tradingnoob said:
Hi all,

New to trading, and am looking for a brokerage that would allow me to do paper trading initially (for the first few months at least). It would be nice if they don't insist on having money in the brokerage account - but I can put in some token money just to keep them quiet if needed :)

I tried moneycontrol, but it seems very basic - you can't even set stop loss, etc.

Any suggestions on which brokers I could look at? Ideally this would be the broker I would do live trading in the future with - I would be using the paper trading exercise as a dry run towards that. Needless to say, I prefer someone with low brokerage, and who does a good job with order management. Initial focus on equities only.

Thanks for your thoughts.

PS: I am trying to open an account with Zerodha by filling out their online form. Why do they need my bank account details (acc number, ifsc code, etc.)??
Click to expand...
Read this for all the details. http://symphonyfintech.wordpress.co...ership-join-the-paper-trading-revolution-now/

I still believe Paper Trading is 1000 times more important than back testing.
 
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