No, Zerodha does not offer a virtual trading platform to its clients. However, if you want to access simulated trading, there is a platform called “Streak”, a partner of Zerodha. Zerodha’s trading platform is primarily aimed at engaged market participants.
What is Virtual Trading?
Simulated stock trading is a type of trading in which you can buy and sell securities, but no actual money is involved in this case. You only spend fictitious money. Stock simulation models are platforms that provide virtual trading amenities.
When you sign up for one of these stock simulation software, you will be given digital money in your account. You can practice trading with this money. Stock simulators offer real-time stock statistics, allowing you to test different stock trading techniques in a risk-free environment similar to the real-world financial markets.
Is Virtual Trading available on Zerodha?
Zerodha does not offer its customers a simulated trading platform daily. On the other hand, the stock market holds mock trading workshops every month on a Saturday, and real-time ticks can be seen on the Zerodha kite on that day.
If you are new to trading, you can benefit from running a practice trading session and learning how to initiate orders.
What are different virtual trading platforms?
There are many different virtual trading websites available to traders:
1. Moneybhai
Moneybhai is available on Moneycontrol’s webpage. It is a free trading platform where you will receive Rs 1 crore digital cash upon enrollment to engage in shares, commodity markets, mutual funds, or fixed deposit accounts.
2. TrakInvest
TrakInvest also allows users to track other market participants and delve deeper into their trading volumes (portfolio), where you can recreate their transactions using the ‘Duplicate Trade’ feature.
TrakInvest offers a straightforward and user-friendly platform for ‘Social’ simulated trading for novices.
3. Dalal Street
Dalal Street Investment Journal (DSIJ) is a popular digital stock trading provider in India that makes you understand trading subtleties and check your investment strategies.
You’ll receive Rs 1,000,0000 in virtual cash when you sign up to start building your portfolio. In the discussion forum at DSIJ, you can also talk strategy with other participants who share your interests.
Virtual Trading: What to discover?
Virtual trading provides the perfect platform for market participants to test new strategies without risking their cash. Every month on Saturday, Zerodha hosts a virtual trading session to demonstrate the influence of virtual trading on its platform.