What is the best stock market simulator?

Know which is the best stock market simulator is important, especially if you're an investor. There are currently several platforms that allow you to carry out simulations, such as Mobills and Monetus. Check them out below. 

What is the best stock market simulator?

The best stock market simulators are those from Mobills and Monetus, but they're not the only ones. This is because, with technological advances, there are more and more options for making your own simulations. 

Amid the variety of products on the investment market, people can feel lost without knowing where to start. For this reason, investors often ask themselves: what is the best stock market simulator?

Through these platforms, investors can access modern tools to make simulations, especially of fixed-income investments. Check out the best options below:

1. XP Simulator

The XP Simulator is one of the main platforms for those who want to simulate their investments. Created by a brokerage house, users do not need to create an account to access the tool. 

This service is recommended for those who have never invested before, or who want to migrate from Fixed Income to Variable Income. As soon as you access the platform for the first time, enter your details and gain access to a wealth of information, such as: 

• What investment you want to make;
• What is your investment profile?
• Portfolio recommendations for acting;
• and products that most closely match their objectives. 

This system is considered to be more of an investment simulator than an environment in which the stock market is simulated. However, even if it doesn't have this characteristic, it is possible to observe the volatility and risks of the assets. 

2. Toro simulator

Through Toro's official simulator, investors can access various types of Fixed Income in just a few seconds. To use this service, enter the amount you want to invest and the investment period. 

As soon as you enter this information into the system, it will tell you which investment options are best for you. It's worth noting that the whole procedure is completely free of charge. 

3. TradeMap Simulator

Another stock market simulator is TradeMap. This service is available for download on all major smartphones and allows you to monitor asset prices in real time. 

Through this platform, investors can simulate an investment portfolio and compare it to other models. This way, they can find out which assets are the most profitable in the country. It's worth mentioning that this application is a great source of news. 

4. SimulaBolsa

SimulaBolsa is another recommended platform for investors. Available to use free of charge, this system has a simple and easy-to-use interface. 

Users start with a fictitious balance of R $100,000, which helps them to invest intelligently. It's important to note that quotes are delayed by 15 minutes. Even though there are no prizes, the platform is recommended to investors. 

5. Vexter

Vexter is a free social network created by a fintech company of the same name. This platform was developed in partnership with Genial Investimentos, where various users share their information and strategies about the area.

Another feature of Vexter is the simulator for buying and selling shares, which has real prices. The platform also makes fictitious money available to investors to run simulations, but only for premium users. 

6. MetaTrader 5

MetaTrader 5 is yet another stock market simulator. Through this platform, users can trade the shares of the main stock exchanges, with completely free tools. 

To access the app's functions, users need to open an account on the platform and use the stock market on their favorite assets. The app is available for the Android and iOS operating systems. 

It's important to pay attention to share prices. Another feature worth mentioning is the delay in the platform's information. As it is free, the data is delayed by 15 minutes in relation to the actual price of the quotes. 

Through this simulator, users can understand what it's like to invest in shares and ETFs, without having to take any risks. However, there is a 30-day trial period for the demo account. 

7. Forex Trading

One of the main stock market simulation platforms is Forex Trading. Through this system, users can create and use the best demo account. Users can choose between two alternatives: a free or premium account. 

Investors can access the platform on a variety of devices, including computers, tablets, smartphones and more. The model is available free of charge for Android and iOS.

Why use a stock market simulator?

Now that you know the main stock market simulators, you're probably wondering how important these services are. Even though this procedure is not compulsory, it can help investors achieve good results. 

In short, these simulators are recommended for various reasons, especially for those who are just starting out in the investment market. Check them out below:

• This environment is recommended for those who have never had contact with the investment market;
• It is recommended in order to understand the risks of certain operations and investments; 
• The simulator is recommended for those who want to practice investing before putting their money to work; 
• Ideal for investment projections; 
• The tool is suitable for traders who want to learn new ways of trading on the market. 

When investors use a stock market simulator, they understand how the market works. What's more, they can find out how shares can impact their investments. 

These platforms were basically created to reproduce what happens with certain assets on the stock exchange. In short, for those who want to get started in this market, this service is a great suggestion. 

Anyone can use the stock market simulator. What's more, there's no need to open an account with a financial institution or broker, as there are practical apps available for Android and iOS. 

However, in some cases, broker simulators are the best choice for investors. Regardless of the choice, the procedure for simulating is easier than most people think.