Have questions about SmartBulls?

Find your answers in the Frequently Asked Questions (FAQs)

  • ABOUT SMARTBULLS
  • LOGIN & REGISTRATION
  • PRACTEST
  • TRADING PANEL
  • WINNERS, RANKING SYSTEM & REWARDS
  • SUBSCRIPTION
  • ACCOUNT
What is SmartBulls?

SmartBulls is a virtual trading platform for users to learn, practice and improve their stock market investment and trading skills, without risking their actual money. It allows users to trade virtual stocks- Equity and F&O - using verified market data, and provides educational resources to help users develop their knowledge and skills. It is used by both novice and experienced investors to practice their strategies and make more informed investment decisions.


How to download SmartBulls App?

Android users can download SmartBulls App on Google PlayStore. Just search “SmartBulls Virtual Trading App” in Google PlayStore and download it.

iOS users can search “SmartBulls Virtual Trading App” in the App Store to download it.


Can I play on SmartBulls without a Broker Trading account?

Yes, you read it correctly; a Broker Trading account is not needed to get started. As soon as you join any PracTest, you will be given virtual cash of Rs 10 Lacs to trade.


Do I trade stocks with real money?

No, absolutely not. You trade with virtual cash given when you join any PracTest.


How do I register on SmartBulls?
  • Tap ‘Create Account’
  • Enter your mobile number
  • Check the terms and conditions box
  • Type and submit the 6 digit OTP received on SMS
  • Write username, email address and set 4-digit PIN and your account is ready to use

How can I change my 4-digit PIN?
  • Tap the ACCOUNT tab, and select the ‘Account Details’
  • Click on 3 dots on the top right corner and select ‘Edit profile’ option
  • Select the ‘CHANGE PIN’ tab

Where can I find Invitation code?

You don't need an invitation code to sign up on the app. This is an optional feature applicable when a user is being invited by another registered user.


Can I invite my friends to join SmartBulls?

Yes, you can invite your friends to join SmartBulls. To do so, tap on the 'Refer & Earn' option in the 'ACCOUNT' tab and share your 'Referral Code' with your friends.


What is a PracTest?

A PracTest is nothing but a test of your trading skills. After joining PracTest, SmartBulls users practice trading with virtual cash and compete with other users. At the end of the PracTest, users are assigned a rank based on their performance. Depending on the rank category, a reward may or may not be won. These PracTests can run on all business days for varying time periods, such as daily, weekly, or monthly, for both Equity and F&O segments.


What is an Intraday PracTest?

Intraday PracTests start in the morning and end in the evening of the same day. All the trade positions are opened and closed within the same trading day and all open positions are automatically squared off at the end of the PracTest.


What is a Positional PracTest?

Positional PracTests run on two days, weekly or monthly basis. Participants can hold their positions for the specified period of time in order to take the advantage of larger price movements in the market. All open positions are squared off automatically at the end of the PracTest.


What are ‘Flexible PracTests’ ?

Flexible PracTests are the PracTests that do not get canceled even if only two users join. Yes, that's correct, no cancellation even if all spots do not fill up. The reward pool for the PracTest keeps increasing (up to maximum limit) as more and more users join.


What are ‘Guaranteed PracTests’?

Guaranteed PracTests are the PracTest subject to a minimum number of participants. If the minimum required spots do not fill up, the PracTestcan be canceled. The reward pool remains the same regardless of the number of users who join.


Can I create my own PracTest?

Currently, only SmartBulls admin can create PracTests. Please contact us in the future if we allow users to create their own PracTests.


Are PracTests PAID or FREE?

All our PracTests are absolutely FREE to join on our platform.


What are 'Upcoming PracTests?

Upcoming PracTests are those PracTests which are yet to start. You can join these PracTests, subject to availability of spots.


What is 'My PracTest'?

The PracTest that you have joined already, appears under the 'My PracTest' tab, including those that you have participated in the recent past.


How can I join the PracTest?
  • To join PracTest, tap on 'PracTests' tab
  • Select the PracTest segment - F&O or Equity
  • All upcoming PracTests will be listed here
  • Find a PracTest of your choice which has spots 'Left'
  • Click on the PracTest you want to join.
  • On the next screen, PracTest rewards distribution table is displayed and Click ‘Join Now’

What are the rules of a PracTest?
  • In case the number of participants is less than minimum, the PracTest will be canceled
  • PracTest specific transaction charges are levied on either total value of stock bought or sold
  • The winner is decided on the basis of performance compared to other participants
  • Orders are placed once PracTest starts
  • All open position will be squared off at LTP once PracTest ends
  • All pending orders are cancelled once PracTest ends

When does trading start on the SmartBulls app?

Each PracTest has a different start and end time. So please check the PracTest to know the start and end date/time. However, trades can only be done during market hours.


Can I exit the PracTest after joining?

No, a PracTest can not be exited once joined.

What is a Watchlist?

A watchlist refers to a list of stocks that participants create and monitor for potential buying or selling opportunities. This list helps the participants keep track of stock prices and market developments, and makes it easier to quickly access information about specific stocks that they are interested in. Watchlist can be created for maximum 20 stocks after joining the PracTest, and can be modified to include preferred stocks.


How to buy and sell stock in a PracTest?
  • Click on 'My PracTests' and go to the ‘PracTest’ in which you want to place orders
  • Click on Continue Trading or Start Trading button to go to the Trading Panel
  • Create a Watchlist by adding your preferred stocks
  • Then click on the stock you want to buy/sell
  • Next, click on 'Buy' or 'Sell' if you want to short a stock
  • Then select either the ‘Limit’ or 'Market’ Order
  • In 'Limit' Order, enter 'Quantity' and 'Price' and click ‘Buy’ or ‘Sell’ button
  • In 'Market' Order, you can only enter quantity and order will be executed at market price
  • If placed ‘Limit’ order, you will find it in ‘Orders’ tab as ‘Pending Orders’
  • Once executed, the order is successful and you'll see the open positions in ‘Position’ tab
  • You can square off selected or all open positions from a ‘Position’ tab

Where can I see my order history?

You can see your order history in the ‘Order’ tab of the trading panel.


Can I edit or cancel pending orders?

Yes, you can edit or cancel pending orders from the ‘Order’ tab of the trading panel.


Where can I see my open positions?

You can see your open positions in the ‘Positions’ tab of the trading panel.


Can I square off all my open positions at one go?

Yes, you can square off all your open positions from the ‘Positions’ tab of the trading panel.


Where can I see the PracTests I joined in the past?

Tap on your 'Account' tab, and click on the 'Account Details' section to see all the PracTests that you have participated in and your statistics. Alternatively, tap ‘PracTest’ and click ‘My PracTest’ and use the given filter.


What is a 'Transaction Charges'?

Each time a trade is executed on the SmartBulls App, a transaction charge of 0.10% of the total traded value is charged on the one side. This is deducted from Net Profit in your portfolio.


Why was my limit order rejected?

This situation occurs when the total value of your pending limit order exceeds the available balance in your account. To help you understand, consider this example: Let's say you have an open position worth 10 lakhs and your current balance is 0. If you place a limit order to exit that position with a target profit that's higher than 10 lakhs, your order value surpasses your available funds. Now, if you decide to close your open position at the current market price, resulting in a loss, the value of your pending limit order still exceeds your balance. As a result, the system will reject your pending limit order due to insufficient funds.


What are Trade Limits?

Trade limits refer to the maximum number of trades you are allowed to place during the Practest. This restriction encourages strategic decision-making and avoids over trading behaviour while practicing.


What if I used maximum trade limits and still my positions are open?

If you reach your maximum trade limit and still have open positions, those positions will automatically be squared off when the Practest ends. You may also square-off all your open positions from the ‘Positions’ tab of the trading panel. Just click on "Select and Exit" to square-off all your open positions.


Where can I see my Trade Limits?

You can see your trade limits in the summary page of the Practest you have joined.


How are the winners decided?

Winners are decided based on their trading performance compared to other participants, irrespective of profit or loss they made. Even if a participant made a loss, he can still be a winner if his rank falls within the ranking bracket given in the Reward Distribution table.


When are the winners announced?

Winners are announced after the PracTest ends. Participants can view their rank in the joined PracTest detail screen in the ‘Ranks’ tab.


What rewards do winners get?

Winners will be rewarded with SmartCoins - an in-app currency. It will be reflected in the ‘Funds’ screen of the app.


How are rewards distributed to the winners?

All the participants are continuously ranked in the order of their performance. At the end of the PracTest, the rewards are distributed among the winners as per the reward distribution ranking brackets.


What is the Leader board?

All SmartBulls users are ranked continuously based on the total amount of rewards across PracTests. The top users are recognized in the Leader board that can be accessed from tapping the leader tab.


What are Subscription Plans in SmartBulls?

Subscription Plans unlock premium features such as pro-level insights, PracTest access, advanced buy/sell limits, and other advance features.


How long is a subscription valid?

Subscriptions are typically valid for 30 days, or as specified during the purchase.


Is auto-renewal available for subscriptions?

No. Auto-renewal is not available. You must manually renew after expiry.


What happens if I upgrade to a new plan while my current one is active?

The current plan will be terminated immediately, and the new plan will be activated instantly. The old plan's remaining days will not be carried over.


Can I cancel my subscription?

No. Subscriptions are non-cancellable and non-refundable once activated.


Will I lose access to my data after the subscription ends?

No. You will still have access to your account and basic features, but premium features will be locked until you resubscribe/renew.


What is a SmartBulls Account?

SmartBulls Account shows your Level, Account Details and Navigation Menu to explore Tutorials, Learn Stock Trading etc.


What is ‘Funds’?

Funds reflect all your rewards and transaction history. It shows the sum of SmartCoins and Bonus you have earned.


What is ‘SmartCoins’?

Smartcoins are in-app currency. You can earn SmartCoins by playing and winning the PracTests. This can not be withdrawn or redeemed.


What is Bonus ?

Bonus is in-app currency that's awarded when you join SmartBulls using referral code shared by your referrer and when you invite friends onto the platform. In addition, you can earn bonus when you participate and trade in any PracTest. This amount is not withdrawable.


Where can I See my transaction history?

You can see your transaction history in the ‘Transaction’ screen which is in the ‘Funds’ screen of the app.


Where can I See and Edit my profile?
  • Tap the ACCOUNT tab, and select the ‘Account Details’
  • Click on 3 dots on the top right corner and Click Edit profile

Where can I see my trading statistics and performance?

You can see your trading statistics and performance in the ‘Account Details’ screen.


Can I see other users' trade statistics and performance?

Yes..you can see trade statistics of other users. Just click on the user name of other users to see their statistics and performance.