Once your regular trading account has been approved and funded, you are eligible to open a Paper Trading Account. All paper trading accounts start with 1,000,000 USD of paper trading equity, which allows you experiment with the full range of IB trading facilities in a simulated environment which uses real market conditions.
Once you complete the application, the paper trading account is available within 24 hours under normal business circumstances. You will be notified by email when the account is ready for trading.
Type a five-character paper trading account username in the field provided.
Type a paper trading account password in the field provided. The password must be from six to eight characters and must contain at least one number and no spaces.
Re-type the password in the field provided, then click Continue. The system will generate a full username for you when you click Continue.
You are prompted to click Yes to confirm your request for a paper trading account, or click No to cancel your request. Be sure to write down your username and password; your password will not be shown on the screen again.