OptionsHouse. You can practise with virtual stocks and virtual stock options. In this tutorial, we'll demonstrate how to use paperMoney® on the thinkorswim® platform and place simulated stock trades.Some of the best paper trading apps to practice stock trading with fake money include Interactive Brokers, eToro, Charles Schwab and more. To trade stocks with a free demo account in Australia, you will need to sign up with an online broker that offers virtual trading platforms. Webull's Paper Trading is for You ; Access to All Products. Practice using a complete range of investing products, including stocks, ETFs, options, and futures. Paper trading, or practice trading, allows new investors to practice investing with virtual money. Step 2: Set up a trading account with the simulation program or virtual trading platform. This will give you access to real-time market data and conditions. Most established Forex brokers will let you open a demo (practice) account.