TradingSim Alternatives: Top 5 Backtesting Platforms for Traders

In this article, we will explore the best alternatives to TradingSim for traders looking for more advanced backtesting, better historical data, or a wider range of asset support. We will compare TradingSim with its competitors, such as: Forex Tester Online, ThinkorSwim, TradingView, NinjaTrader, and MetaTrader.

Why Look for a TradingSim Alternative

TradingSim is a well-known trading simulator that helps traders practice their strategies in a risk-free environment using historical market data. It is particularly popular among stock and futures traders who want to replay past trading sessions, refine their techniques, and improve their decision-making skills. By providing access to market movements from previous days, TradingSim allows traders to test different strategies without the pressure of real-time trading.

Despite its benefits, TradingSim has some limitations that may not suit all traders. One of the main drawbacks is its focus on stocks and futures, which leaves Forex and cryptocurrency traders looking for other options. Additionally, some traders require deeper historical data and more precise backtesting tools to analyze long-term strategy performance. While TradingSim is great for replaying past market sessions, it lacks the flexibility and customization of dedicated backtesting platforms that allow traders to fine-tune their strategies across multiple market conditions.

Cost is another factor that leads traders to look for alternatives. TradingSim is a paid platform, and while it offers useful features, some traders may find more affordable or feature-rich alternatives that better fit their needs. Platforms with advanced backtesting capabilities, broader asset class support, and more detailed performance analytics may provide better value. If you’re looking for a TradingSim alternative that offers more comprehensive backtesting, a wider range of assets, or a lower-cost solution, here are five of the best options available.

Best TradingSim Alternatives

So, here are our TOP 5 alternatives based on functionality, price, and customer reviews.

1) Forex Tester Online (Best Choice)

Forex Tester Online is a powerful backtesting tool designed for traders who need accurate market simulations and detailed performance analysis.

• Fast and Realistic Backtesting – Test months of trading in minutes using tick-by-tick historical data.
• Extensive Market Data – Access 20+ years of data for 45+ symbols, including Forex, stocks, indices, and crypto.
• User-Friendly Interface – No coding required; place and manage trades directly on the chart.
• Customizable Simulations – Adjust speed up to one day per second, sync multiple charts, and analyze performance with advanced metrics.
• Real-World Trading Conditions – Includes real spreads, commissions, swaps, and margin requirements for precise results.

Unlike TradingSim, which mainly focuses on stock trading, Forex Tester Online supports multiple asset classes and provides a more advanced backtesting experience with deeper control over simulations.

2) ThinkorSwim Paper Trading

ThinkorSwim by TD Ameritrade offers a free paper trading feature that allows traders to practice with live market data.

• Provides a realistic stock and options trading experience.
• Includes a full-featured charting and analysis tool.
• Limited backtesting features compared to dedicated simulators.

3) TradingView Paper Trading

TradingView’s paper trading feature lets traders practice in a live market environment without risking real money.

• Supports stocks, Forex, crypto, and more.
• Integrated with TradingView’s advanced charting tools.
• Does not offer full historical backtesting like other platforms.

4) NinjaTrader Simulated Trading

NinjaTrader provides a simulated trading mode, allowing traders to test strategies in real-time or with historical data.

• Ideal for futures and Forex traders.
• Includes deep market data and advanced charting tools.
• Requires a subscription or brokerage account for full features.

5) MetaTrader Strategy Tester

MetaTrader offers a built-in strategy tester for backtesting automated strategies using MQL4 or MQL5.

• Works with MT4 and MT5 for Forex and CFD trading.
• Allows testing of automated strategies.
• Limited stock trading support compared to TradingSim.

Conclusion

If TradingSim doesn’t fit your needs, there are plenty of TradingSim alternatives. Forex Tester Online is the best option for traders looking for a dedicated backtesting tool with precise simulations, detailed market data, and a user-friendly interface. ThinkorSwim and TradingView are good for stock traders who want simple paper trading, while NinjaTrader and MetaTrader offer more advanced trading simulations.

Choose the platform that best matches your trading style and goals.

FAQ

1. Can I use TradingView as a full backtesting alternative?

TradingView Paper Trading allows traders to practice in a real-time market environment, but it lacks the in-depth historical backtesting features found in dedicated platforms like Forex Tester Online or MetaTrader Strategy Tester.

2. What’s the best option for stock and options traders?

ThinkorSwim Paper Trading is a great choice for stock and options traders who want live market data, advanced charting, and real-time practice without risking real money.

3. Is there a free alternative to TradingSim?

ThinkorSwim Paper Trading and TradingView Paper Trading offer free trading simulations, but they have limitations in terms of historical data and backtesting depth.

4. Which platform is best for futures traders?

NinjaTrader Simulated Trading is the best option for futures traders, as it provides deep market data, advanced charting tools, and real-time trading simulations.

If you’re looking for a TradingSim alternative that better suits your trading style, explore these options and choose the one that meets your strategy development needs!