Free demo account

Discussion in 'Trading Software' started by vatofl88, Jan 5, 2011.

  1. vatofl88

    vatofl88

    I am interested in day trading and would like some advice on various free simulation/demo accounts that I could use to begin papertrading. Once I get comfortable in the demo account and I learn more about day trading, I would like to work with with a prop firm such as cy group and starting making real trades.

    What I am looking for is an simulation/demo account that is going to be as close as it gets to real live trading and having a real account with prop firm/or general retail account. Meaning something that will give me access to stop/loss, p&l statements, etc.

    I have seen a few places mentioned such as interactive brokers, infinity trading, ninja trader, etc. All I am looking for is something free that is very similar to the real thing. Thank you for the help.
     
  2. vatofl88

    vatofl88

    I tried opening a tos demo account, but it was a very involved process and wanted me to fax things and fund the account. I looked into opening an IB demo account, but you have open a regular account first, with minimum 10k. I just downloaded the ninja free demo account, but it is just a blank screen a few options to do things. I am assuming I need a data feed for the ninja account, but I don't know how to get a free one nor how to incorporate a data feed into the account if even I do get.

    I am looking for an all inclusive demo account that would have everything I need just to look at things and start making paper trades. No adds on and other programs to download with it, just one website/demo account I use that has everything. Hopefully there are some demo accounts like this that exist. If anyone can give me one that matches up with what I have described above, please reply to this thread.

    Since I plan on probably using a prop firm once I am done and not a retail account with futures, I am assuming I will not need a demo account that uses futures. This info might narrow down things and help you find me an account that is all inclusive. I appreciate any help. Thanks.
     
  3. Orbis has a demo version of their software, however I believe they charge a fee. I used this product for over two years with a prop firm. The functionality and ease of use is quite simple and the charting features are very basic. However, it may work for what you're looking for, here's the link.

    http://www.orbisfn.com/products.os
     
  4. jinxu

    jinxu

    No you don't. I have a demo account with tos and I didn't have to fax them anything. Once you register a username and password, you can start using their demo program immediately. You only need to fax information if you plan to trade live with them.

    Personally, I think tos sucks, but they are sufficient if you just want to paper trade. They have everything you need. Their streaming quote are a least RT (or a bit delayed). That's the only thing that matters.
     
  5. Me too. I don't think I would ever trade with them, but I think I've had my demo for about 4 years now. (sshhh..) It's actually ok for extra charts on a second computer.

    I also think it's ok for learning options analysis.
     
  6. vatofl88

    vatofl88

    Thanks for the heads up about tos. I must have being doing something wrong and thought that I have complete the registration process. I clicked on the tos paper money link and it brought me to a site where I could just download the softward or web based training just with my username and password. I have not downloaded it yet, but it looks like it should work. I appreciate the help.