Duration: 1:39
Level: Beginner

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.

Study Notes:

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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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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