PaperTrade
Open app

Trade options.
Risk nothing.

Real Nifty market data, live option chain, greeks and OI — with virtual money you set yourself. Learn the market like a pro, lose nothing but time.

Start paper tradingNo sign-up · No real money · Runs locally
NIFTY 50SAMPLE
24812.40
+70.55 (+0.29%)
24800 CE
118.45
24800 PE
96.20
PCR
1.12

Real market, fake money

Spot, option chain, OI, IV and greeks straight from the exchange feed. Fills happen at real prices.

Capital, set by the admin

Each trader gets their own book and their own starting capital — ₹1 lakh or ₹5 crore. Only the admin can top it up or reset it.

Know your edge

Equity curve, win rate, drawdown. The stats brokers don't show you, on your own trades.

Four steps from
zero to your first trade.

No broker, no KYC, no funding. Everything below runs against the live exchange feed with virtual money.

01

Get your login

The admin issues your username and starting capital — ₹1 lakh or ₹5 crore. Your book is yours alone; the balance is theirs to set.

02

Read the chain

Nifty, Bank Nifty and Sensex option chains with open interest, IV, greeks and max pain. Everything updates on the live feed, nothing is invented.

03

Place the trade

Market or limit, single leg or a prebuilt strategy. Real brokerage, STT and GST come off the fill, and writing options blocks SPAN plus exposure margin like it would at a broker.

04

Manage and review

Attach a stop, a target or a trailing stop — drag them straight on the chart. Then check the equity curve to see what your edge actually was.

Questions, answered straight.

Is any real money involved?
None. No order is ever routed to an exchange, no funds are held or transferred, and there's no brokerage service behind it. It's a practice tool — the only thing you can lose is time.
Is the market data real, or simulated?
Real. Spot, option chain, open interest, IV and greeks all come from the live Upstox feed. If no token is set the app says 'No data available' — it will never invent a price to fill the gap.
Do I need an account?
Yes, and only the admin can issue one — there is no public sign-up. Your balance, positions and trade history live on the server so they follow you between devices. Everyone shares one live Upstox feed; nobody can see anyone else's book.
Are the charges and margins realistic?
Yes. Brokerage, STT, exchange transaction, SEBI, IPFT, GST and stamp duty are all applied at FY 2026-27 rates, and writing an option blocks SPAN plus exposure margin on the contract notional — roughly ₹1.5-2 lakh a leg, same as a broker would ask.
What can I trade?
Nifty, Bank Nifty and Sensex index options on the nearest expiry, around 25 strikes either side of ATM. Single legs, prebuilt strategies, or armed intraday breakout plans.
Will my results match live trading?
Not exactly, and it's worth knowing why. Fills happen at the quoted bid/ask with a small delay, but slippage, thin liquidity and partial fills aren't fully modelled — so a strategy that looks clean here can behave worse with real size.

The market is shut for today.

Explore the app — it's freeChain, charts and strategies still work — orders resume at 09:15 IST.