Everything you need to know about PaperBull and paper trading in India.
PaperBull is a free paper trading platform for Indian index options. It gives you virtual capital (₹50,000 on the free plan, ₹1,00,00,000 on Premium) and lets you practise NIFTY 50 and SENSEX options in a simulated market environment. All trades are simulated — no real money is involved.
Yes. The free plan gives you the simulated option chain, ₹50,000 in virtual capital, and full paper trading functionality with no credit card required. The free plan is supported by ads. An optional Premium plan (₹299/month or ₹549 for 2 months) gives you ₹1,00,00,000 in virtual capital, removes ads, and unlocks extra tools such as charts with indicators, Greeks, the Sector Screener, Algo and the Strategy Builder.
No. PaperBull runs on a simulated market environment that behaves similarly to real markets, purely for practice. Option chains, LTP, OI, volume and bid/ask are all part of the simulation — they are not exchange data and should not be used for real trading or investment decisions.
PaperBull supports paper trading for India's two most-traded index options: NIFTY 50 and SENSEX. You can trade both Call (CE) and Put (PE) options across all available weekly and monthly expiries in the simulation.
During market hours (9:15 AM to 3:30 PM IST, Monday to Friday, excluding NSE holidays) your practice orders are filled against the simulated market. When the market is closed, Premium users — and every new user for their first 7 days — can queue a simulated After-Market Order (AMO), which is auto-filled in your virtual portfolio at the next market open. Other free users can place orders during market hours.
Your virtual P&L uses the simulated prices shown on the option chain (ask for buys, bid for sells) and deducts estimated charges modelled on a typical flat-fee discount broker: ₹20 brokerage per order, STT of 0.1% on the sell side, exchange charges of 0.053%, SEBI fees of ₹10 per crore, stamp duty of 0.003% on buys, and 18% GST. Real-money trading can differ because of slippage, partial fills and your broker's actual charges.
Yes. On the option chain, each strike's CE and PE has a Buy and Sell button. Selling without an existing matching long position sells to open (writes/shorts the option) and requires virtual margin, which is checked before the order is accepted — selling when you already hold a matching long position exits it instead.
Paper trading prepares you for the mechanical and analytical aspects of trading — understanding option chains, placing orders, managing positions, and tracking P&L. However, it does not replicate the emotional pressure of risking real capital, and simulated results do not guarantee real-money results. We recommend combining paper trading with education and a solid risk management plan before moving to real-money trading.
Free plan: ₹50,000 virtual capital, the simulated option chain during market hours (plus after-hours practice for your first 7 days), positions and order history, the Trader's Diary, the Pulse community and all Learn articles — with ads. Premium plan (₹299/month): ₹1,00,00,000 virtual capital, no ads, the simulated option chain and practice After-Market Orders anytime, Greeks, candlestick charts with technical indicators, option strike charts, the Sector Screener, Algo, the Strategy Builder, and priority support.
Yes. Open your Profile page and click "Reset Paper Trading Capital" at any time. This clears all open positions, order history, and virtual P&L, and restores your virtual capital to the plan default. Resets are unlimited — use them whenever you want to start fresh.
Sign up with just your email address. We send a One-Time Password (OTP) to your email for verification — no password is required. PaperBull is for users aged 18 or older, and you'll be asked to confirm your age once. The process takes less than 60 seconds and requires no credit card.
Yes. PaperBull uses HTTPS encryption for all data in transit, and you log in with a one-time code sent to your email, so there is no password to steal. We do not store payment card details — payments are handled by a PCI-DSS compliant payment partner. We never sell your personal data. Ads on the free plan run in an isolated frame and cannot access your account, email or trading activity.
Ads help keep the free plan free. They come from a third-party ad network, are shown only on the free plan, and are not created or endorsed by PaperBull — they are not investment advice. You can close an ad at any time, and upgrading to Premium removes all ads.
No. The free plan has no hidden charges and is supported by ads. The only paid offering is the optional Premium plan at ₹299/month or ₹549 for 2 months, for higher virtual capital, no ads and the extra tools.
Premium users have access to candlestick charts for all supported indices with indicators including EMA (20/50/200), SMA, Bollinger Bands, VWAP, and RSI, built on simulated data. Charts are available in 1-minute, 5-minute, 15-minute, 1-hour, and daily timeframes. Option strike charts are also available to analyse individual CE and PE price movements.
Yes. PaperBull works in all modern browsers on both desktop and mobile — no install needed. Premium users can also download the Android app from paperbull.in/get-app.
SEBI's studies have repeatedly found that around 9 out of 10 individual F&O traders lose money. A big reason is insufficient practice and risk-management discipline. Paper trading lets you experience realistic simulated market conditions — including losses — without financial consequences, so you can build the skills and discipline you'd need before ever trading with real money.
Reach out to us at contact@paperbull.in and we'll be happy to help.
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