How to use Interactive Brokers for Paper Trading?

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What is paper trading?

The term 'Paper Trading' refers to IB's demo solutions. With a Paper Trading Account, a user starts with 1,000,000 USD of paper trading equity, that allows the user to experiment with IB's trading platform without any real exposure.

 

Opening a Paper Trading Account on Interactive Brokers

Visit Interactive Brokers

1. Login to your Client Portal, and click on the top right icon. Proceed to 'Manage Account'.

How to use Interactive Brokers for Paper Trading - Client portal

2. Scroll down on the next page, and you will see a menu item called 'Paper Trading Account' with a gear icon. Click on the gear icon.

How to use Interactive Brokers for Paper Trading - Paper Trading Account menu item

3. Follow the steps on the next page to create a Paper Trading Account. You will have to create a username, and a password. After saving the details, you will receive your Paper Trading Account access.

 

How a paper trading account on Interactive Brokers works

 

Basically, you'll gain access to IB's services and functionalities with virtual capital. You can try out strategies, tactics on the platforms with real data. You can switch between Real and Paper Trading accounts anytime.

Visit Interactive Brokers

Interactive Brokers: further reading

Author of this article

Bence András Rózsa

Author of this article

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence András Rózsa is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry specializing in stock- and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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