A simulated trading account available to approved and funded accounts. A Paper Trading Account lets you use the full range of IBKR trading facilities in a simulated environment using real market conditions. Your Paper Trading Account will have its own password and username, separate from your normal account. Trades entered in your Paper Trading Account will not actually execute on any exchange or settle at a clearing house. However, the price of your executions will be determined by real market prices and sizes. Trading permissions, market data subscriptions, base currency, and client type configurations in your Paper Trading Account will be the same as those in your normal account. You can use your Paper Trading Account activity in Trader Workstation (TWS) or IBKR’s Application Program Interface (API). Apply for a Paper Trading Account in Client Portal.