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If you ask someone where a complete beginner can practice their stock investing skills, most people will refer you to Investopedia Simulator. After all, it’s one of the most famous platforms of the fantasy trading genre. Therefore, it’s only expected for there to be several plus points for it.

With that being said, Investopedia Simulator is extremely old at this point and hasn’t seen a proper update in many years. Because of this fact, chances are that newcomers to the investing world might want an in-depth analysis of Investopedia Simulator, which is exactly what we’re here to give you.

Of course, we aren’t like other reviewers. Where most reviews on the internet tend to give you surface level information to make the platform sound as good or as bad as possible, you can expect unbiased pros and cons from us.

Quick Alternative:

If an old trading simulator isn’t what you’re looking for and you would much rather learn from a modern one, we highly recommend you give the new Three Investeers trading simulator app a shot and get started with $100,000 worth of virtual money.

What is Investopedia Simulator?

As we mentioned above, Investopedia Simulator is one of the most popular fantasy trading simulators out there. It’s an online platform that was built with the intent of allowing newcomers to the trading world a virtual trading environment to practice investing without risking real money.

The simulator itself was created by Investopedia, a leading online resource for financial education and information. Having first graced the internet way back in 1999, we can confidently say that Investopedia Simulator has been around for longer than most investors have.

One might even call this an online game that gives you the opportunity to experience the dynamics of financial markets, execute trades, manage portfolios, and track performance, all using virtual currency.

Benefits of Investopedia Simulator

1. User-Friendly Interface

The first and perhaps most attractive feature of Investopedia Simulator which is sure to bring in newcomers is how user-friendly the platform’s interface is. Simplicity seemed to be key when designing the platform and it really shows.

Users are able to easily navigate through the various sections and features of Investopedia Simulator whereas many similar platforms are needlessly complicated. From creating and managing portfolios to executing trades and monitoring performance, the intuitive layout makes the entire process seamless and accessible.

This easy to navigate layout also makes the process of using this platform easy for newcomers and veterans alike. It enables individuals with little to no prior experience to quickly grasp the essentials of investing and get started with confidence.

2. Realistic Trading Experience

Although providing a realistic experience is literally the one job fantasy stock trading simulators have, we thought it still deserved to be appreciated in this review. By incorporating market data, the simulator enables users to experience the dynamic nature of financial markets. Notice how we didn’t say ‘real time’ market data? Well, a little more on that later.

Users are able to monitor the prices of stocks and react to market news to execute trades that have the potential to be profitable. Naturally, these trades aren’t always profitable, and learning to avoid losses like you would in an actual market is a crucial skill Investopedia Simulator teaches newcomers.

By trading in a volatile market, even if it’s with virtual money, users are able to familiarize themselves with the ins and outs of trading. This prepares them for actual trading with actual money.

3. Vast Collection of Learning Material

In addition to giving users a way to trade with virtual money, Investopedia also provides various articles, tutorials, videos, and quizzes that cover a wide range of investment topics. This learning material not only covers the basic concepts of trading but also gradually tackles some more advanced strategies like options trading.

In addition to these primary learning materials, the Investopedia Simulator also offers supplementary resources such as glossaries, case studies, and real world examples that users can learn from. These resources provide additional context and practical insights, allowing users to connect theoretical knowledge with real life scenarios.

By exploring these supplementary materials, users can deepen their understanding of investment concepts and gain valuable insights into how these concepts apply to actual market situations. By catering to traders of different skill levels, Investopedia Simulator is also able to provide valuable insights and guidance to users as they progress in their investment journey.

4. Community Building and Competition

Investopedia Simulator also fosters a sense of community and healthy competition among users. By offering various challenges and friendly competitions where players can compete against each other, there’s an added sense of motivation and excitement. Of course, there are also opportunities for users to learn because of all of these challenges.

By going to the ‘games’ section of the platform, you’ll instantly be greeted by a leaderboard that will display accounts with insanely high account values. From there, you’ll have the option to either join a game or create your own game. Different games have different requirements, limitations, and starting cash that you can use to get an overall profit.

Additionally, the simulator features discussion forums and interactive elements that enable users to connect with like minded individuals, ask questions, and seek advice from more experienced investors.

Drawbacks of Investopedia Simulator

Major Issues:

  • Outdated trading platform
  • Static charts (15-minute delay)
  • Limited country stocks available
  • No watchlist functionality
  • Poor mobile experience
  • Limited asset choices
  • Bland user experience

1. Outdated Trading Platform

While the interface is indeed very user-friendly, it’s mostly because the website itself is, well, very empty. There are various features you can find in modern trading simulators like Three Investeers that are completely missing in Investopedia Simulator.

Now, this outdated website has two consequences. The first is that the platform is limited in terms of what users can do with it. There are several options that newcomers to trading might struggle to even find, let alone learn how to use. Because the website is old fashioned, it’s crucial to click on each and every window and option if you want to understand what it does, something that not everyone might want to do.

The second direct result of an outdated user interface is the fact that some users might not find Investopedia Simulator’s design visually appealing. Instead of the visually appealing images and logos you might see in modern trading simulators, Investopedia simply has a plain and boring blue color scheme.

The platform feels like it’s stuck in the early 2000s, lacking modern features that traders now consider essential.

2. Static Charts

In today’s world, where the price of assets is always changing by the minute, it’s crucial to stay up to date. However, while various investing simulators offer live charts that display the changes in real-time, Investopedia Simulator shows a static chart that refreshes once every few minutes.

In real life fast paced markets, every second counts, and delays in accessing information can result in missed opportunities or undesirable outcomes. Real time charts provide traders with instantaneous updates, allowing them to react swiftly to changing market conditions. This responsiveness helps traders to stay ahead of the market and take advantage of short term price movements or emerging trading opportunities.

Additionally, real time charts also provide users with a much more immersive and engaging experience. Real time visual feedback has the potential to enhance traders’ understanding of market dynamics and enable them to develop a better sense of timing and market behavior. They continuously update with the latest market data, reflecting the most current price movements, volume, and other key metrics. This real-time data allows traders to stay informed about market conditions, spot trends as they unfold, and make more accurate predictions.

Offering a real time trade environment to users is what many veteran traders consider to be the bare minimum, and Investopedia Simulator doesn’t do it.