Online investment platform Webull Corp (NASDAQ:BULL) today announced the next evolution of its paper trading experience, expanding one of its most popular investor education tools with new asset classes, advanced trading capabilities, and a more realistic simulation environment, along with the ability to connect via API.

Since Webull launched paperTrade, users have placed more than 204 million simulated orders, using the environment to build confidence, test strategies, and learn the markets without risking real capital. The enhanced experience introduces simulated trading for crypto, futures, bonds and event contracts, alongside advanced trading tools and an authentic market simulation designed to closely mirror the live trading experience.

paperTrade helps Webull investors develop confidence and test investing strategies using virtual funds in a risk-free environment. As Webull’s live platform has expanded to support more markets, products, and sophisticated trading capabilities, its paper trading experience has evolved to more closely mirror the live trading environment, giving users access to the same intuitive workflows and advanced functionality in a simulated setting.

“Investing is a skill that develops through experience, but gaining that experience doesn’t need to require risking your savings,” said Anthony Denier, Group President and U.S. CEO of Webull. “Paper trading has long been one of the most popular features on Webull because it gives investors a place to learn by doing. We’ve completely reimagined the experience to bring together everything our live platform offers into one realistic simulation, allowing investors of all experience levels to build confidence before putting real capital to work.”

The enhanced experience significantly expands the scope of simulated trading, making Webull one of the few platforms to offer paper trading across such a diverse range of asset classes within a single application.

Key enhancements to the paper trading environment include:

• Expanded simulated trading across six asset classes: stocks, options, crypto, futures, bonds and event contracts.
• Advanced options order functionality, enabling traders to test more sophisticated strategies before trading with real capital.
• A pricing engine designed to better reflect live market conditions and improve simulated order execution.
• A dedicated interface and seamless switching between live and paper trading, while preserving customized layouts and workspace preferences.
• OpenAPI access for paperTrade, enabling developers, AI integrations, and advanced users to connect programmatically, test integrations, and simulate trading workflows in a risk-free environment.

“By extending OpenAPI access into paperTrade, we’re giving developers, advanced traders, and AI-powered applications a safer environment to build, test, and refine trading workflows before they ever touch live markets,” said Jack Keating, CEO of Webull Tech US and Head of Institutional.

Enhancements will begin rolling out to Webull users later this month.