Learn how to open a paper trading account which lets you use the full range of IBKR’s trading features in a simulated environment using real market conditions.
What are paper trading accounts?
A paper trading account lets you use the full range of IBKR’s trading features in a simulated environment using real market conditions. The trading permissions, market data subscriptions, base currency and account type configurations in your paper trading account are the same as in your regular account.
Using a paper account is a great way to learn how the platform works, plus you can try out new features.
All paper trading accounts start with USD 1,000,000 of paper trading Equity with Loan Value, and this equity will fluctuate as if the trades had executed in the real market.
As an Advisor you will have a separate username and password for your paper trading account.
To set this up, access Advisor Portal, select Account Settings, then the Paper Trading Account configure icon.
Enter a username and password to be used with your paper trading account and confirm your password. After that, click Continue.
Next, you’ll see that your paper account has been submitted.
If we receive your request by 4:00 PM Eastern Time on any normal business day, it will be processed by the next business day under normal circumstances.
Orders submitted to the paper trading account will not actually execute on any exchange or settle at a clearing house
See the Traders’ Academy link in the study note section on how paper trading accounts work and their limitations.
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