The IBKR Paper Trading account is a simulated account located on an IBKR server. Orders transmitted in a paper trading account are not sent to an exchange for execution. The paper trading account is provided to help you learn to use the trading features available in the various IBKR trading programs and can be used to model positions and check current margin requirements. There are limitations to the paper trading account which can be found in the IBKR Knowledge Base and on the Paper Trading page of our website.
Why did some of my paper trading orders show as filled after the close?
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What is a Paper account?
What is the difference between a "live" and a "paper" IMPACT account?
What are the limitations of the paper trading account?
Can I open a free trial account for IBKR Lite?