Simulated trading refers to the use of simulated funds provided by the system to buy and sell stocks instead of real money, but the prices of stocks bought and sold are exactly the same as the real market, so it is called simulated trading.
The simulated trading investment profit and loss does not involve real funds. Create The demo account can be used for free. Before real trading, simulated trading helps to be familiar with the various rules of trading categories such as stocks, options, futures, etc.
moomoo Futu simulation trading supports multiple categories such as underlying stocks (Hong Kong stocks, US stocks, A shares, Singapore stocks), options (Hong Kong stocks, US stocks), futures (Hong Kong stocks, US stocks, Singapore, Japan), etc.
Below is US stock paper trading from moomoo futu