The Best Apps to Learn to Invest Risk-Free

 

If you want to invest but are afraid of losing money, there are different options to get started with investment simulators. More Latin We'll tell you how these apps allow you to practice with fake money and experience how the markets work without risk. This way, you can learn, test strategies, and gain confidence before investing for real.

Webull  – Practice like a pro

How does it work?
Webull offers you a demo account with virtual money so you can practice as if you were in the real market. It's a more advanced app, ideal for those who want to learn how to use more detailed analysis tools such as charts, indicators, and statistics.

The best of Webull:

• Real market simulation: Everything works like in real life, but without risk.
• Advanced Charts and Tools: Perfect if you want to learn how to analyze market trends and data.
• Ideal for more curious investors: If you want to go beyond the basics and delve deeper into strategies, Webull is for you.

Main difference: Webull is more comprehensive and technical, ideal for those who want to fully understand how investing works before taking the plunge with real money.

Trading 212  – Realistic and Easy-to-Use Simulation

How does it work?
Trading 212 is an easy-to-use app that anyone can use to learn how to invest. It offers a demo account with unlimited virtual money, so you can try out stocks and funds risk-free.

The best of Trading 212:

• Simple and easy-to-use interaction: You don't need to be an expert to get started. 
• Unlimited demo account: You can practice as long as you need without worrying about losing money. The demo account gives you virtual money so you can experiment risk-free.
• Variety of assets: You can invest in many different options, such as stocks, funds, and other financial instruments. 

Main difference: It's the best option for those who have never invested before and want to learn with a clear and easy-to-use app.

eToro  – Learn from the Experts

How does it work?
eToro is a platform that allows you to view and copy the investments of more experienced traders. Its demo account gives you $100,000 in virtual currency so you can practice risk-free.

The best of eToro:

• Copy expert investors: You can watch how professionals invest and copy their strategies, helping you learn while you invest.
• Generous demo account: You get $100,000 in virtual money to practice and test different strategies risk-free.
• Asset Diversity: You have access to a variety of assets, such as stocks, cryptocurrencies, forex (currencies from different countries), and more, allowing you to learn about different markets.

Main difference: eToro is ideal if you want to learn by watching others and test strategies without having to do too much research on your own.

Which One to Choose?

If you're looking for an option with advanced tools for in-depth learning, Webull is ideal. If you want a simpler, more realistic experience, Trading 212 is an excellent choice. And if you prefer to learn from experts, eToro is the best option. Follow us on More Latin and don't miss anything. 

Sources:

Paper trading. Webull. (nd).

Practice trading with a demo account from etoro. eToro. (2024, November 11).

Commission-free investing for everyone | trading 212. (nd).