Stock trading practice accounts / paper trading. Stock trading practice accounts enable you to trade shares without using real money and are an excellent way of getting to grips with the stock market without the financial risk. Practice accounts are free to set up. The concept of investing without using real money is called paper trading. Stock trading demo accounts, for example, will give you practice reacting to volatile markets and capitalising on price fluctuations. Broker & platform – Finally, online trading with demo accounts is an effective way to test a potential broker and platform. For example, you can check their software has all the charts and tools you need. TradeStation is another popular online stock broker that offers a virtual trading account within his app. You can use this to check out platform features that you might not usually use, such as advanced orders, strategy automation, or other market types.