If you’re new to stock trading and investing or you’re a professional trying out new investment techniques for the first time, leveraging virtual mock portfolios is an excellent way to get started. Virtual mock portfolios simulate or mimic the real or live market, allowing you to go through all the motions of stock trading or investing without plunking down your hard-earned dollars.
These tools provide you with the requisite exposure and confidence to excel when you finally start stock trading or investing. The best virtual mock portfolio trackers will help you track performance and minimize costly trade mistakes in your virtual portfolio.
Quick Look at the Best Virtual Mock Portfolio Trackers:
- Best Overall: Covey
- Best for Investment Portfolio Optimization: Ziggma
- Best for Beginners: Delta Investment Tracker
- Best in Simplicity and User-privacy: AssetDash
- Best for Diverse or Multi-assets Portfolio Tracking: Kubera
Best Virtual Mock Portfolio Tracker Options
The best virtual mock portfolio tracker makes managing an investment portfolio a breeze — allowing you to track your portfolio’s performance, projected future growth, asset allocation and fees. Here’s a look at some of the best trackers for virtual or mock trading.
1. Best Overall: Covey
Covey is the best pick overall for a virtual mock portfolio tracker. Unlike other portfolio trackers on this list, Covey is free and you can earn rewards for your virtual portfolio. By submitting a virtual portfolio of equities, exchange-traded funds (ETFs), or crypto you automatically compete with the best to discover how great an investor you are. Investors get the tools to help them learn, grow, turbo-charge or sharpen their trading or investing skills via its network of virtual investment communities. By leveraging the Covey platform, you can learn how to analyze trades adequately, even if you have zero knowledge about investing.
The idea is to develop a winning strategy over time through learning and sharing ideas with other community members. Covey charges no fees for using its resources. Instead, you earn rewards and stand a chance to become an investment manager on Covey’s Copy Trading App if you develop a winning strategy and rise to the top of the leaderboard.
This feature presents an opportunity to earn an unlimited return on investment (ROI) as independent investors invest alongside you — matching your portfolio and, ultimately, your performance. If you don’t rise to the top, you still learn from the best by seeing what they are invested in and can apply that to your real portfolio, generating more wealth for you.
- Compete with other analysts on the platform
- See where you rank on the leaderboard
- Hedge fund trading interface
- Real-time market data
- 50 hedge fund level metrics tracked every 5 minutes
- Sharable track record
- No cost platform
- Best educating tools
- Rewards are disbursed on a monthly basis
2. Best for Portfolio Optimization: Ziggma
Ziggma is a comprehensive investment management, stock analysis and portfolio tracking platform that helps self-directed investors improve performance through algorithm-powered big data stock research and innovative portfolio management tools.
Ziggma serves two core objectives — it helps investors understand their portfolio through its robust management tools and provides them with high-quality quantitative stock research at low cost.
These features facilitate optimal decision-making during trades. Ziggma’s portfolio monitoring dashboard enhances holistic portfolio tracking for real and virtual portfolios. It summarizes vital portfolio parameters like risk, portfolio quality, performance, portfolio yield, ESG scores, aggregate profitability and growth in a single view.
Ziggma also offers stock and ETF screening and stock profiling. Additionally, you can automate portfolio diversification by leveraging its advanced alert system. All you need to do is set your maximum exposure limit, and Ziggma will alert you once the limit is reached.
- Innovative portfolio tracking tools
- Portfolio analytics and real-time update
- Portfolio simulator and builder
- Stock and ETF screener
- Stock comparison and watchlist
- Backtesting and advanced alerts (smart alerts)
- Proprietary quantitative stock research
- Freemium version that offers adequate feature assemblage to help an average investor perform optimally.
- Premium version at a monthly price of $7.49 (seven-day free trial)
- Robust management tools
- Powerful algorithm
- Backtesting and simulation features lack depth
- Stock screener has relatively few filter parameters
3. Delta Investment Tracker
- securely through Delta Investment Tracker's websiteBest For:Beginners & sophisticated investorsRating:
As a multi-asset portfolio tracker, Delta leverages its best-in-class algorithm to provide a crystal-clear overview of your total virtual portfolio balance and the profit or loss for each timeframe. Delta has a minimalist appearance and default dark mode.
With Delta, you can track live price movements of your virtual or mock asset classes — cryptocurrencies, stocks, ETFs, bonds, options and futures. Once a significant change occurs, you get notified immediately. Furthermore, you can track all Ethereum blockchain non-fungible tokens (NFTs) in your virtual portfolio by connecting manually or automatically to your wallet.
Regardless of your number of portfolios, you’ll see your investment in a single point. Delta’s minimalist features make it ideal for newbies, especially those still learning the ropes via virtual or mock portfolios. Nevertheless, it can still deliver value for professionals.
- Smart or personalized notifications
- Deep asset details and analytics showing your current positions, market value, percent change and unrealized gains
- Advanced metrics
- Unlimited connection to exchanges and wallets for Delta Pro users
- Ability to sync up to five devices for Delta Pro users
- For extra features, Delta Pro required with average subscription price of $60 depending on your location
- Free comprehensive plan
- Diverse asset support
- User-friendly interface
- Limited exchange/brokerage connectivity
- Selective automatic syncing
- Syncing Limitations
AssetDash primarily targets investors with holdings in multiple assets — NFTs and crypto traders who may require several tracking apps to keep tabs on their positions. You can also track your stocks, mutual funds and bank balances on the platform. Suppose you have crypto assets and NFTs stored on diverse networks and blockchains on your virtual portfolio. AssetDash can help you keep track of them.
It supports over 100 apps covering diverse financial markets, allowing you to seamlessly link your stock brokerage, crypto exchange addresses, bank account and much more. AssetDash supports the largest NFTs across multiple blockchains. You can track the NEAR protocol and Solana (SOL) NFTs. You can track crypto assets across over 100 top exchanges, including Binance and Coinbase.
The platform is highly privacy-focused. Signup requires only your email and password. However, you must input your financial account information to link to the platform and import data to the portfolio tracker software.
- Breaking news updates and research based on your holdings
- Excellent portfolio insights
- Live floor prices for NEAR protocol and Solana NFTs
- Track real-time profit or loss for your NFTs
- DeFi and NFTs market overview (top projects and volume)
- User Interface
- Search functionality
- Reports of technical issues
- Reports of slow software
Kubera is a modern one-stop-shop financial tracker, helping its users track net worth and investment returns for all key asset classes. With Kubera, you can potentially track cryptocurrencies, stocks, ETFs, mutual funds, global currencies, precious metals, private equity, REITs and assets like URL value and vehicles. It helps you understand your investment by showing a comprehensive picture of your total finances in a single point.
Kubera stands out among other portfolio trackers thanks to its connection to all primary crypto exchanges and wallets and more than 20,000 financial institutions (banks and brokers) globally. Kubera’s spreadsheet-like interface makes for highly intuitive manual data entry, which can be helpful when updating manually in your virtual or mock portfolio. So you can easily add individual assets to track their value in real-time.
The platform offers real-time, easy-to-understand charts and cool graphs on its highly customizable user dashboard. This feature helps you to view and analyze your portfolio at a glance. Accurate reports showing data for daily, weekly, monthly and annual timeframes are also available for a deep dive. Kubera leverages Excel and Google Sheets simplicity but is much better since you won’t need to learn confusing formulas.
- Tracks global traditional assets (global stocks, ETFs, mutual funds and bonds)
- Tracks alternative assets ( Cryptocurrencies including DeFi and NFTs)
- Supports global banks, exchanges, currencies and brokerages
- Real-time charts and reports
- Secured sharing capabilities
- Complete financial overview and personal balance sheet.
- $15 monthly subscription
- Save $30 by paying $150 annually
- $1 14-day trial
- Connects to over 20,000 different banks worldwide.
- Values assets like your home, car and Internet domains.
- No mobile app is currently available
What is a Virtual Mock Portfolio?
A virtual or mock portfolio is a simulated collection of assets or financial instruments like stocks, mutual funds, bonds, ETFs, commodities and cash you can trade over time without committing real money. The idea is to mimic real stock market situations and grant you indirect and simulated exposure to the market. This process can help build your confidence before committing money to the real stock market.
How Do They Work?
Typically, mock portfolios use real-time market data to enable you to observe your strategy’s impacts. However, there’s no monetary deposit when creating such a portfolio. And since there are no financial deposits, it is not a real trade — you need real money to trade. By repeatedly trading mock portfolios, you get used to the trading environment and its jargon. Additionally, you gain deeper insight into potential companies you consider worth investing in and those you need to avoid.
Via real-time market data, you can analyze how your virtual portfolio gets impacted by real-time events like rate hikes, political situations and environmental issues. Over time you’ll develop a winning strategy that works in most market situations, which you can then replicate in a real or live trade.
What to Consider
Excellent virtual portfolio trackers offer a large pool of investment tickers to choose from and have robust features to help you perform better. When selecting a mock portfolio tracker, you must consider the following.
Trade conducted in the portfolio must be highly transparent to allow analysts to create an immutable track record they can share with anyone. When trades are posted for anyone to see, it fosters learning, enabling overall performance improvement.
Amount of Trackable Assets
There must be an abundance of tradable instruments to choose from. These include traditional (stocks, bonds and ETFs) and alternative investment assets like cryptocurrencies. This feature allows you to follow or try your hand in diverse asset classes and see how you perform compared to others.
Regardless of the device type — phone, tablet or desktop, the tracker must be able to load quickly without delay. Speed is central to accuracy and decision-making. A virtual portfolio tracker must post real-time stock quotes and updated prices without delay. A price quote that comes 10 minutes late can’t be used to conduct trading.
Ease of Use
A mock portfolio tracker shouldn’t be clunky or bogged down with complicated features. It should be robust and highly intuitive with an excellent interface, as these make for ease of usage.
While mock trackers are a great tool, there’s also the need for additional resources and research tools on the company’s part to fast-track your development or mastery of a winning strategy and make you a better trader. Such resources may include videos, research materials from Wall Street analysts and weekly newsletters on trading.
Minimize Trade Mistakes and Boost Performance
The best virtual mock portfolio trackers function seamlessly in diverse device types and are either free or low-cost. While individuals’ preferences may differ, the fundamental objective of using a virtual mock portfolio tracker remains the same — to help you track your virtual or mock investments without hassles.
Tracking your simulated portfolio can help you develop a winning strategy over time, which you can try to replicate in your real portfolio. It allows you to strategically allocate your assets to align with your long-term investment goals while minimizing potential costly trading mistakes.
Frequently Asked Questions
Are trading simulators free?
Yes, most trading simulators are free.
Are trading simulators worth it?
Yes, trading simulators can help you develop effective trading strategies and the confidence needed to excel in the real market.
What is the best way to track your portfolio?
You can leverage any of the trackers in Benzinga’s list of the best virtual mock portfolios to track your portfolio.
About Goran Radanovic
Equities, Forex, Crypto