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Home » Robinhood Paper Trading – Is it Possible?

Robinhood Paper Trading – Is it Possible?

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Robinhood, known for its user-friendly interface and commission-free trading, has gained popularity as a platform for individuals interested in investing in stocks and the wider stock market. However, users constantly ask whether Robinhood paper trading is possible. 

Despite the overwhelming popularity of the trading platform, Robinhood does not offer paper trading. This answer might surprise some of you, but there’s a perfectly logical explanation. Namely, Robinhood is one of the best platforms that offer commission-free trading. 

Moreover, they aim to make trading accessible and, more importantly, cheaper for everyone. So it’s logical for Robinhood to exclude paper trading as an available feature. But who knows, maybe Robinhood paper trading will be a thing someday. 

We know the answer isn’t what readers expected, but we will name a few platforms that allow paper trading. Before that, let’s explore the concept of paper trading and its benefits to educate readers on why they should try it before using their money. 

Robinhood Paper Trading – Can You Do It? 

While Robinhood provides a seamless and accessible trading experience, it does not currently offer paper trading. Paper trading allows individuals to practice trading strategies without risking real money, providing a valuable learning experience. However, Robinhood focuses on real-time trading with real funds, and as such, paper trading is not available on its platform.

3 Benefits of Paper Trading

Paper trading is a popular practice in the world of stock trading, especially for beginners. Why exactly? Let’s learn about the three benefits of paper trading.

Learning and Education

Paper trading enables newcomers to the stock market to gain hands-on experience without the risk of financial loss. It allows users to understand market dynamics, test different strategies, and learn from their successes and failures.

Strategy Development

Paper trading is an excellent tool for experienced traders as well. It allows them to test new trading strategies or refine existing ones in a risk-free environment. Traders can analyze the outcomes, adjust their approach, and improve their decision-making skills.

Confidence Building

Practicing trading with virtual funds can help build confidence in making investment decisions. In addition, paper trading allows traders to develop a disciplined approach, gain familiarity with market patterns, and enhance their overall trading abilities.

Robinhood Paper Trading Alternatives

While Robinhood does not offer paper trading, several alternative platforms provide this feature. Here are a few popular options:


Thinkorswim, offered by TD Ameritrade, provides an advanced paper trading feature, allowing users to simulate trading across various asset classes. In addition, it offers a real market environment, advanced charting tools, and extensive educational resources.


Known for its commission-free trading like Robinhood, Webull also offers a paper trading feature, unlike Robinhood. Users can practice trading stocks, options, and cryptocurrencies with virtual money. In addition, Webull provides a user-friendly interface and real-time market data, allowing users to learn the basics of trading in a simulated environment with no drawbacks.


TradeStation offers a comprehensive paper trading platform catering to beginners and experienced traders. It provides historical market data, advanced analysis tools, and customizable trading strategies.


While Robinhood paper trading isn’t an available feature, the platform remains popular for individuals seeking an accessible and commission-free trading experience. However, alternative platforms like Thinkorswim, Webull, and TradeStation provide suitable options for those interested in paper trading to develop and refine their skills.

Paper trading is an invaluable tool for learning, developing strategy, and building confidence in trading decisions. By utilizing these alternative platforms, individuals can gain practical experience, test different strategies, and enhance their understanding of the stock market without risking real funds. 

So, while Robinhood may not have paper trading, several viable alternatives are available for those seeking to embark on their trading journey.


Does Robinhood allow paper trading?

Robinhood doesn’t allow paper trading. However, there are alternatives users can turn to give paper trading a go.

Is paper trading worth it?

Paper trading is definitely worth it for both beginners and experienced traders. Paper trading allows users to learn the basics of trading in a simulated environment. Moreover, it allows experienced traders to test strategies, refine trading approaches, and build their confidence before putting their money on the stock market.

Does Robinhood do penny stocks?

Robinhood does allow traders to trade penny stocks. But the penny stocks in question must be listed on Nasdaq or the NYSE.

How do I practice options trading on Robinhood?

The only way to practice any kind of trading is to try paper trading. Sadly, Robinhood paper trading is currently unavailable, and we’re unsure if it will ever be.

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