4 Free Options-Trading Simulators for Paper Trading in 2025

Written by Diversification.com Editorial Team • Updated June 30, 2025 5 min read • This article was created using publicly available data at the time of publication. The list includes editorial opinions, is not investment advice, and there are no paid placements.

ByAlexander Harmsen

Fact checked byDiversification.com Compliance Team

4 Free Options-Trading Simulators for Paper Trading in 2025

Written by Diversification.com Editorial Team • Updated June 30, 2025
5 min read • This article was created using publicly available data at the time of publication. The list includes editorial opinions, is not investment advice, and there are no paid placements.

Options trading involves multiple variables—time decay, volatility, strike selection—that can overwhelm newcomers and seasoned traders alike. Simulators equipped with real-time or delayed market data provide a risk-free sandbox to build confidence and stress-test strategies. This list was compiled using • Simulated options trading (web-based) • 100 % free sign-up • Blog/docs site exists

Top 5 Free Options-Trading Simulators

1. OptionStrat

Simulated Trading: Interactive strategy builder charts profit/loss across 50+ pre-made strategies with OPRA data (15-minute delay for free)
Free Plan: Delayed data and limited access available at no cost; upgrade for live refresh
Sign-Up: 100 % free registration; email required
Access: Web-based at OptionStrat.com
Resources: Extensive blog, tutorials, and “News & Insights” section

2. Options Profit Calculator

Simulated Trading: Visualize profit/loss for single or multi-option strategies (e.g., condors, straddles)
Free Plan: All tools available at no cost; updates include new calculators (CSP, PMCC)
Sign-Up: No registration required; tools accessible immediately
Access: Web-based at OptionsProfitCalculator.com
Resources: “More updates” section explains new features; contact link for support

3. Option Visualizer

Simulated Trading: Screen and analyze options with detailed filters, probability metrics, and historical data
Free Plan: Free to use, no credit card required
Sign-Up: Free sign-up unlocks custom dashboards and exports
Access: Web-based at OptionVisualizer.com
Resources: Full documentation and “Let’s Talk” for community engagement

4. OptionCreator

Simulated Trading: Build, test, and optimize multi-leg options strategies in a risk-free environment
Free Plan: Completely free access to all features since 2015
Sign-Up: No subscription; save strategies via browser storage or account sign-up
Access: Web-based at OptionCreator.com
Resources: Online help section; basic documentation

In Summary

These five simulators offer robust, web-based environments to practice options strategies without financial risk. Each platform provides unique features—from multi-leg strategy builders to comprehensive screening tools—allowing DIY investors to refine skills, test hypotheses, and build confidence before transitioning to live markets.

Disclosures

This article is for informational purposes only and does not constitute financial, investment, or product endorsement advice. Diversification.com does not receive compensation from, or formally endorse, any of the simulators mentioned. All product information is based on publicly available data as of June 30, 2025, and may change. Readers should verify current terms and conditions directly with the respective providers before using any service.