Free. Instant demo. $100,000 virtual cash. Charles Schwab’s paper trading runs through thinkorswim paperMoney, its practice mode inside the thinkorswim platform. Here is an honest side-by-side of JagSim and Schwab paper trading. JagSim is not affiliated with Charles Schwab. Paper trades on either side are virtual money only.
Both let you practice with virtual money. The biggest practical differences: JagSim runs in the browser with nothing to install and keeps permanent signed-in portfolios. Schwab’s paperMoney is strongest if you already use, or plan to use, the thinkorswim platform and want practice that mirrors that full desktop workflow. For a deeper look at that mode, see our vs thinkorswim paperMoney page.
Also on JagSim, free on every plan: crypto 24/7 in the same account as your stocks, free leagues to race your friends, and Coach Jag, which explains each term as you trade. Market replay of the last five trading days is part of JagSim Pro, and its one-week free trial includes it, with no card.
| What matters | JagSim | Charles Schwab (thinkorswim paperMoney) |
|---|---|---|
| Cost | Free, no credit card | Free to practice with a login |
| Signup required? | No for demo (/try). Free account optional to save | Yes, a Schwab / thinkorswim login (paperMoney runs in the thinkorswim platform) |
| Starting virtual cash | $100,000 | Large, adjustable virtual balance in paperMoney (per Schwab docs) |
| Platform | Browser, nothing to install | thinkorswim desktop, web, and mobile; Schwab web and app |
| Stocks & ETFs | Yes, real tickers on live charts | Yes, mirrors thinkorswim live tools |
| Crypto | Yes, Bitcoin, Ethereum, Solana and other major coins, 24/7 including weekends | Check Schwab for current crypto-related product availability |
| Market data | Real-time prices from Tiingo | thinkorswim markets real-time-style practice data (per their product) |
| Best for | Fast, no-install browser practice and permanent portfolios | Practicing inside Schwab / thinkorswim before trading real money there |
| Real money / broker? | No, simulator only, not a broker | paperMoney is simulated; Schwab is a brokerage |
JagSim facts checked against the live product on November 6, 2026. Schwab and thinkorswim details, last checked in August 2026, describe the publicly documented products and may change on their site.
Schwab offers thinkorswim, and paperMoney is thinkorswim’s paper-trading mode. If that is what you are comparing, our dedicated vs thinkorswim paperMoney page goes deeper on that specific tool.
Yes, both are free ways to practice with virtual cash. JagSim also gives you a demo with no account and no card, then an optional free signup when you want a permanent portfolio and leaderboard rank.
Yes. Open the free demo, search a ticker, and place practice orders immediately. Schwab’s paperMoney typically requires a Schwab or thinkorswim login and the thinkorswim platform.
JagSim uses real-time market prices and is not a broker. You cannot deposit, withdraw, or lose real cash on paper trades. Schwab’s paperMoney is also virtual money only, practice inside their platform, not live fills for your paper account.
Choose JagSim if you want a fast browser simulator, free tryout, stocks plus crypto, and a portfolio that stays with you. Choose Schwab’s paperMoney if you already use thinkorswim (or plan to) and want practice that matches that platform’s live workflow.
This page is an independent comparison published by JagInsights LLC (JagSim). It is not sponsored by, endorsed by, or affiliated with The Charles Schwab Corporation, Charles Schwab & Co., Inc., or their affiliates. Product names, including thinkorswim and paperMoney, are trademarks of their respective owners.
JagSim is a free paper-trading simulator by JagInsights LLC. Simulated trading with virtual money only, not real securities, not real money, and not investment advice. Always verify competitor features on the publisher’s own site before deciding.
Paper trading on JagSim is free forever: $100,000 in practice money, real-time prices, and no card to start. Pro adds portfolio performance analytics, key ratios and valuation on every company page, every chart indicator at once, 2 or 4 charts on one screen, unlimited market replay and unlimited Coach Jag. One-week free trial, no card. Plans shows the price.