Best Fake Trading Simulators for Forex Skills Practice and Training

Jumping into Forex trading can be exciting but also a bit scary. The market moves fast, and the risks are real. But what if you could practice trading without risking any money? That’s where a fake trading simulator comes in.

A fake trading simulator lets you trade currencies in a risk-free environment that feels like the real market. You can test your strategies, learn how trading works, and make mistakes without any financial loss. It’s like phantom trading — you’re trading, but without the real-world consequences.

Using an app to simulate trading is a smart way to build your skills. Whether you’re new to Forex or an experienced trader trying out new ideas, these tools can help. In this article, we’ll look at the best fake trading simulators for Forex traders. Let’s find the right platform to help you master the market without any risk.

Can You Do Fake Day Trading Simulation?

Absolutely! You can practice day trading without risking a dime. That’s the beauty of day trading simulators. They let you dive into the fast-paced world of trading in a safe, risk-free environment.

Using a fake trading platform, you can buy and sell just like in the real market. These platforms provide real-time data, so your experience feels authentic.
An app to simulate trading gives you the chance to test strategies and learn how the market moves. You can make mistakes, learn from them, and adjust your tactics. It’s a hands-on way to build confidence.

A simulator of a dummy trade helps you understand the mechanics of day trading. You get to see how different factors affect your trades and learn to make quick decisions under pressure.

So yes, you can definitely do day trading simulation. By using a fake trading website, you gain valuable experience. It’s a smart step before you start trading with real money.

How We Chose the Best Fake Day Trading Simulators

We wanted to find the best tools to help you practice day trading without risking real money. So, we tried every simulator ourselves and read lots of reviews from other traders.

Here’s what we looked for:

• Realistic Experience: The simulator should feel like real trading. It needs to use real market data and let you make trades just like you would in the real world.
• Easy to Use: We picked platforms with simple, user-friendly interfaces. You shouldn’t have to struggle to figure out how to place a trade or find information.
• Helpful Features: Good simulators offer charts, indicators, and tools that help you analyze the market. The more tools you have, the better you can practice.
• Accessibility: We chose apps and websites you can use on different devices — computers, tablets, or phones. This way, you can practice anytime, anywhere.
• Cost: While some simulators cost money, we focused on ones that offer free versions or trials. That way, you can start practicing without spending anything. This was our last priority since we believe that a good fake trading simulator always pays off.

By testing each tool and seeing what other traders thought, we found the best day trading simulators out there. These platforms can help you learn, practice, and get ready to trade for real.

Top Fake Trading Simulators for Forex Traders

Ready to try a fake trading website? Here are the top fake trading simulators that can help you master Forex without risking real money.

1. Forex Tester Online (FTO)

First up is Online Forex Testing (FTO). This fake trading platform lets you practice Forex trading in a realistic environment.

Why FTO is great:

• Real market data. FTO uses real historical data, so you get an authentic trading experience.
• User-friendly. It’s easy to navigate, making it perfect for beginners.
• Accessible anywhere. Use it on any device with a web browser — computer, tablet, or phone.
• Free demo. You can sign up for a demo version and start practicing right away.

FTO is more than just a simulator of a dummy trade. It offers tools and features that help you learn and improve your strategies. If you’re looking for an app to simulate trading, FTO is a great place to start.

What Users Say About Forex Tester Online

Although FTO is still in its Beta stage, early feedback from beta users has been overwhelmingly positive. Traders appreciate the platform’s realistic trading environment and its accessibility across multiple devices. Users are excited about practicing with real historical data, which helps them refine their strategies without risking actual money.

Many have highlighted the seamless experience and the effectiveness of FTO as an app to simulate trading. Our development team is actively collecting feedback and is committed to implementing user suggestions to enhance the platform further.

Try Forex Tester Online now for free!

2. TradingView

Next is TradingView, a popular fake trading website that’s loved by traders worldwide.

Why TradingView stands out:

• Advanced charts: Access a wide range of charts and technical indicators.
• Social community: Connect with other traders, share ideas, and learn from the community.
• Web-based platform: No need to download anything — just sign up and start trading.
• Paper trading feature: Practice trading with virtual money in real market conditions.

TradingView is an excellent app to simulate trading, especially if you want to dive deep into technical analysis. It’s a fake trading platform that feels professional.

What Users Say About TradingView

TradingView has an overall rating of 1.9 out of 5 stars on TrustPilot, based on 805 reviews, reflecting mixed user experiences. On the positive side, some users praise its advanced charting tools, extensive technical indicators, and user-friendly interface, noting that it’s beneficial for both beginners and experienced traders interested in detailed market analysis. However, a significant number of users express dissatisfaction with customer service, citing issues like slow response times, unhelpful support, and difficulties in resolving account problems.

Specific complaints include challenges with subscription management — such as unexpected auto-renewal charges and complications when trying to cancel subscriptions — as well as technical glitches like platform freezes, data delays, and maintenance interruptions during trading sessions.

While TradingView offers robust features as a fake trading platform and is a popular app to simulate trading, potential users should be aware of these reported concerns when considering it for phantom trading in Forex or other markets. And still, this is one of the most popular trading programs on the market.

3. FXReplay

Another top pick is FXReplay, designed specifically for Forex traders who want to practice phantom trading.

What makes FXReplay special:

• Realistic simulation. Replay past market sessions and practice trading as if it were live.
• Strategy testing. Test and refine your trading strategies using historical data.
• Easy to use. Simple interface that’s perfect for both beginners and experienced traders.
• Web-based access. Use it anywhere without needing to install software.

FXReplay acts as a simulator of a dummy trade, giving you the chance to learn from past market movements. If you’re serious about improving your Forex skills, this fake trading website is worth checking out.

What Users Say About FXReplay

FXReplay holds a strong rating of 4.5 out of 5 stars on TrustPilot, based on 269 reviews. Users commonly praise its realistic trading environment and the ability to backtest strategies with extensive historical data, down to the second. Many traders mention that FXReplay has been instrumental in sharpening their skills, with some attributing their success in passing prop trading evaluations to the platform.

They appreciate the intuitive interface and the realistic simulation that closely mirrors live trading. On the downside, some users report occasional bugs and glitches that can disrupt practice sessions. A few have expressed frustration over slow customer support response times and difficulties in canceling subscriptions after the free trial.

4. GoCharting

Next up is GoCharting, a powerful fake trading platform that offers advanced charting and trading features across multiple markets — stocks, futures, options, commodities, Forex, and cryptocurrencies.

Why GoCharting is worth checking out

• Advanced charting. Access a variety of chart types like FootPrint, MarketFlow, and VolumeFlow.
• Rich features. Enjoy over 14 advanced chart types (like Renko and Point & Figure), more than 100 technical indicators, and plenty of drawing tools.
• Multi-asset support. Analyze and trade across different markets all in one place.
• User-friendly interface. Designed to be intuitive, making it a great app to simulate trading.

GoCharting acts as an excellent simulator of a dummy trade, allowing you to engage in phantom trading without any financial risk. It’s a solid fake trading website that helps you practice and refine your trading strategies.

What Users Say About GoCharting

On the App Store, GoCharting has a rating of 2.8 out of 5 stars based on 38 reviews. Users appreciate the platform’s advanced features and multi-asset support. One user mentioned, “Order flow data works great. Just a suggestion, try to add data alerts so that we can be notified.”

However, some users have reported technical issues. A few have experienced problems with charts not updating automatically, needing to refresh to see the latest candles. For example, a user said, “I keep refreshing to see the latest candles; it sometimes shows candles from two days before.” Others have faced difficulties with certain tools, like the crosshair not moving properly or the app becoming unresponsive when selecting options or saved charts.

Despite these challenges, traders find GoCharting valuable for its robust features and advanced charting capabilities. It’s a solid choice for those looking to use a fake trading platform to practice across various markets.

5. Forex Tester

Lastly, we have Forex Tester, a dedicated fake trading simulator designed specifically for Forex traders. It’s a powerful tool that helps you practice phantom trading and refine your strategies in a risk-free environment.

Why Forex Tester stands out:

• Realistic simulation. Offers a close replication of real market conditions, allowing you to trade as if it were live.
• Extensive historical data. Access over 20 years of historical Forex data to thoroughly backtest your strategies.
• Advanced features. Includes various technical indicators, drawing tools, and the ability to simulate trading multiple currency pairs simultaneously.
• User-friendly interface. Designed to be intuitive, making it easy for both beginners and experienced traders.

Forex Tester serves as an excellent app to simulate trading, giving you the tools to practice without risking real money. It’s a comprehensive fake trading platform that helps you build confidence and develop effective trading strategies.

What Users Say About Forex Tester

Forex Tester enjoys a high rating of 4.5 out of 5 stars on TrustPilot, based on 65 reviews. Users frequently praise the platform for its realistic trading environment and robust features. Many appreciate the extensive historical data, which allows them to backtest strategies over long periods. Traders find the software easy to use and value the ability to simulate live trading conditions.

Positive feedback highlights the responsive and helpful customer support. Users mention quick assistance when encountering issues, noting that the support team is “extremely responsive and helpful,” even outside regular business hours.

On the downside, a few users have reported technical issues, such as challenges with stop losses or margin settings. However, the Forex Tester team appears proactive in addressing these concerns, offering solutions and updates to improve the user experience.

Overall, Forex Tester is regarded as a valuable simulator of a dummy trade, providing traders with an effective way to practice and enhance their Forex trading skills.

Additional Fake Trading Simulators

While our top simulators are the best, there are a few other fake trading platforms worth mentioning. Their ratings aren’t high enough to make the top list, but they still can offer useful tools for practicing your Forex strategies.

1.  TradingSim
   TradingSim is a fake trading website made for day traders. It provides real-time market data and simple charting tools. Some users find the interface a bit hard to use and the subscription prices higher than other options.
2. StockCharts
   StockCharts is an app to simulate trading that focuses on both stock and Forex markets. It offers different chart types and basic technical indicators. However, some users say the platform can be slow and sometimes unreliable, which can be frustrating.
3. NakedMarkets
   NakedMarkets is another fake trading simulator with an easy-to-use interface and a variety of trading tools. You can practice trading stocks, Forex, and cryptocurrencies here. But, the customer support is limited and there are occasional technical problems that make it less appealing.
4. Soft4FX
   Soft4FX is designed specifically for Forex traders. It includes educational resources and basic trading tools to help you learn and test your strategies. On the downside, some users have reported bugs and a lack of advanced features, which can slow down your learning process.

These additional fake trading websites might not be the highest rated, but they still provide good ways to practice and improve your Forex trading skills. If you didn’t like any of the 5 simulators mentioned in the beginning, give them a try to see which one works best for you.

Frequently Asked Questions

1. What is a fake trading simulator, and how does it help in Forex trading?

A fake trading simulator is a platform or app to simulate trading without using real money. It mimics real market conditions, allowing you to practice buying and selling currencies in the Forex market. This helps you understand how trading works, test strategies, and build confidence — all without any financial risk. It’s like playing in a fake stock market where you can learn and make mistakes safely.

2. Are fake trading simulators suitable for beginners?

Absolutely! Fake trading simulators are perfect for beginners. They provide a risk-free environment to learn the basics of Forex trading. You can familiarize yourself with trading platforms, understand market movements, and practice executing trades. Since you’re using a fake trading platform, there’s no pressure of losing real money, making it an ideal starting point for newcomers.

3. Can I Do Fake Day Trading?

Yes, you can absolutely do fake day trading using a fake trading simulator. It allows you to practice making quick trades and testing strategies in a real-time environment without any financial risk.

4. Do fake trading simulators use real market data?

Yes, most fake trading simulators use real-time or historical market data to provide a realistic trading experience. This means the price movements and charts you see reflect actual market conditions. Platforms like Forex Tester Online allow you to practice phantom trading with accurate data, helping you develop strategies that can be applied in real trading.