There is a one-click solution for turning your laptop / desktop into a virtual wireless hotspot. In this article, look at third-party applications that let you do just that, and with little to no pre-configuration.
Here some popular applications which make your laptop as WI-FI hotspot.
MyPublicWiFi is an easy-to-use software that turns your laptop/PC into a Wi-Fi wireless access point. Anyone nearby can surf the Internet through your sharing. This is also an ideal solution for setting up a temporary Access Point in a hotel room,meeting room,at home or the like. The MyPublicWiFi-Firewall can be used to restrict user access to specific servers. You can also prevent the use of certain Internet services (e.g. file sharing programs). MyPublicWiFi allows you to record and track all visited url pages on your virtual WIFI-Hotspot.
mHotspot is a completely free software which converts your windows 7 & 8 laptop into a virtual wifi router and creates a secure wifi hotspot. You can share single internet connection(LAN, Ethernet, Data-Card, 3G/4G, Wif) for multiple devices like laptops, smartphones, android phones, PDAs, Ipads etc. Play Multiplayer gaming using mHotspot. No router or external hardware is required apart from your existing one. Connect upto 10 devices to the hotspot.
Maryfi is a free and easy to use virtual router software creator for Windows 7 , 8 and 8.1 computers. With Maryfi, users can wirelessly share any Internet connection: a cable modem, a cellular card, or even another Wi-Fi network. Other Wi-Fi enabled devices including laptops, smart phones, music players, and gaming systems can see and join your Maryfi hotspot just like any other Wi-Fi access point and are kept safe and secure by password-protected WPA2 Encryption. MaryFi works in case you are using proxy or even vpn connection. You can connect any WI-FI enabeled device to MaryFi connection. this includes but not limited to: Smart phones, Android, Mac ios, Ipad, Ipod, Iphone, Apple TV.
Virtual Router is a free, open source software based router for PCs running Windows 8, Windows 7 or Windows Server 2008 R2. Using Virtual Router, users can wirelessly share any internet connection (Wifi, LAN, Cable Modem, Dial-up, Cellular, etc.) with any Wifi device (Laptop, Smart Phone, iPod Touch, iPhone, Android Phone, Zune, Netbook, wireless printer, etc.) These devices connect to Virtual Router just like any other access point, and the connection is completely secured using WPA2 (the most secure wireless encryption.)
Connectify Hotspot makes all your devices happy. This easy-to-use virtual router lets you share Internet from your laptop with your smartphone, tablet, media player, e-reader, other laptops, and even your nearby friends. Bridges your network so that game consoles and all of your other devices appear to be on the source network. With Hotspot MAX in Bridging Mode, you can get your PS3, Xbox, and other consoles working on your home network instantly. Requires Windows 7 or 8+. This is Paid Application.