Virtual Stock Exchange Stock Market Game Review
If you’ve got a passion for commodities and money then Virtual Stock Exchange will help you to convert your passion into a profession.
It’s a place to learn trading on stocks, currencies, and commodities from 30 countries. Powered by Stock-Track, this online stock simulator is mainly concentrated on education.
The extensive resources of Virtual Stock Exchange help people learn how to invest.
Overall Rating
3/5
Price
Education material as well as contests are free. But, online courses are chargeable.
Key Takeaways
Cons:
- The registration process is lengthy if you’re above 16.
- Need to pay to get access to online courses
- No price information on companies listed in certain exchanges
- New challenge creation takes a lot of time
- Difficulty in trading non-US stocks
Pros:
- A well designed and straightforward simulator
- Allows you to execute trailing stop orders
- Trading on companies of various stock exchanges is enabled.
- Un-invested cash can earn interest
- Strong Stock Research Module
- Provides career guidance
- Portfolio updates very fast
Registration Process
Rating: 3/5
Key Takeaway: The process is a little bit longer if you’re above 16.
No fees associated with the registration process. If you’re above the age of 16, then the simulator asks for more personal information while registering.
Minimum age to join this simulator is 13. At the start, Virtual Stock Exchange will give you virtual cash worth $1,000,000 and your initial available buying power will be $2,000,000.
With this virtual money, you can trade stocks, currencies or commodities.
Pricing
Rating: 2.5/5
Key Takeaway: Online courses are paid while challenges are free-of-cost.
Virtual Stock Exchange allowed us to register as well as to join challenges sans expenses. However, to join online courses you need to pay.
Watchlist Functionality
Rating: 3/5
Key Takeaway: No price information of the companies listed in certain exchanges
Monitoring the companies of your choice by creating a watchlist is easy in Virtual Stock Exchange.
Creating a watchlist of the companies of US exchange and few other world-famous exchanges was very easy.
While the watchlist didn’t give any price information of the companies listed in certain exchanges.
Contest / Game Features
Rating: 3/5
Key takeaway: Most of the contests may not allow you to trade penny stocks.
Creating a new contest is a very long procedure. A lot of customization is required while creating a new contest.
As per your choice you can select the maximum number of players, the minimum stock price for buying/shorting, the maximum number of trades per player per day, etc.
You can even select various exchanges of your choice, whose stocks you want to include in your contest.
On creating a contest, you get access to generate a new set of accounts at any time from the Registration File report.
This method will help if you’ve young participants.
Trading Options
Rating: 2.5 /5
Key Takeaway: Found difficulty in trading non-US stocks.
Trades of US exchanges executed quickly yet, found difficulty in trading non-US stocks.
Virtual Stock Exchange allows you to trade stocks of different exchanges like NYSE, NASDAQ, London Stock Exchange, Shanghai Equities, etc.
Apart from the common orders like market and stock orders, this online stock market simulator provides provision to execute trailing stop orders.
Portfolio Analytics
Rating: 3.5/5
Key takeaway: Immediate updating of the portfolio
After the execution of the trade, the portfolio updated immediately. You can see the loss/gain in each stock you’ve purchased.
Transaction History shows the information of all the stocks you’ve traded. You can even keep track of your balances.
Amount Balances gives detailed information of your buying power, margin money, and the details about cash balance.
Un-invested cash can fetch interest on your way (at 3% while writing this review) while margins will be charged at 8% (while writing this review).
Virtual Stock Exchange charges $10.00 as commission per trade and minimum marginable stock price should not be below $3.00.
Leader Board
Rating: 3.5/5
Key takeaway: A detailed ranking section for each challenge and provision to see own performance.
There is an individual ranking section for each challenge. Here you can see details like the portfolio value and returns of the winners.
This section also shows where you’re standing in the contest.
Stock Research Module
Rating: 4/5
Key Takeaway: Strong Stock Research Module
A strong stock research module is the strength of Virtual Stock Exchange. In this section, you can find a full-featured chart, stock ideas, financial ratios, and much more about the company.
User Interface
Rating: 4 /5
Key Takeaway: A well-designed site and straightforward site.
We found the site of Virtual Stock Exchange to be highly user-friendly as well as easy to navigate. In short, it’s a well-designed and straightforward site.
Even first-timers can navigate very easily.
Education Material
Rating: 2.5/5
Key Takeaway: Learn Center has got a lot of free material while online courses are not free.
Learn Center gives you access to various topics on personal finance, economics, accounting, management, marketing, finance, etc. But if you want to join an online course, then you need to pay for that.
The education contents are the same as that of How The Markets Works because they both are powered by the same enterprise (Stock-Track).
Other Features
Ranking: 3.5/5
Virtual Stock Exchange helps you not only in learning trades but also gives career guidance. Career Center provides tips on job search as well as it helps you to find job/internships in the finance industry. On clicking Certification option, you’ll get information about CFA, CFP, etc.
It makes the instructors aware of the choices available after high school graduation so that they can guide the students properly.
Apart from this, Teacher Resources, as well as Teacher User Guides are also available for the instructors.
In addition to this, guidance to make lesson plans on various topics is available in Virtual Stock Exchange.
Another feature unique about this online stock simulator is that you can export your transaction history into a spreadsheet.
This was all about Review of Virtual Stock Exchange Stock Market Game. Check TradingKart Blog for more Basic Finance learning articles.