In this tutorial, we'll demonstrate how to use paperMoney® on the thinkorswim® platform and place simulated stock trades. 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.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. Our trading simulator allows you to practice trading and learn the essentials along the way. Ideal for beginners, it's free and there's no login required. We used wallstreetsurvivor. Open your account to start testing your investment ideas and strategies or to practice trading stocks, ETFs, options, and futures in a live market simulation. Trade equities, options, futures1, and forex1 in a live market simulation. Paper trading, or practice trading, allows new investors to practice investing with virtual money.