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. Some of the best paper trading apps to practice stock trading with fake money include Interactive Brokers, eToro, Charles Schwab and more.We used wallstreetsurvivor. In this tutorial, we'll demonstrate how to use paperMoney® on the thinkorswim® platform and place simulated stock trades. A list of the 9 best stock market simulators. These are tools that allow you to practice trading with virtual money, also termed paper trading. One way to practice trading without risking money is to use a trading simulator or demo account. Many online brokerages and trading platforms offer these tools. Most established Forex brokers will let you open a demo (practice) account. We're talking virtual cash, not real money.