How can I open a paper trading account?

REQUEST PAPER TRADING ACCOUNT

To create a Paper Trading Accounts use the button above or follow the below procedure to open a Paper Trading Account:

  1. Log into your Live account's Client Portal
  2. Click the User menu (head and shoulders icon in the top right corner) followed by Settings
  3. Under Account Settings find the Account Configuration section
  4. Click  Paper Trading Account
  5. You will be prompted to create a User ID and Password and click Continue. Your request will be confirmed for processing

If we receive your request by 4:00 PM EST on any normal business day, it will be processed by the next business day under normal circumstances. You will be notified by email when the account is ready for trading.

Please Note

  • A paper trading account will not be opened until your account has been funded.
  • Paper trading accounts simulate most aspects of live accounts, including margin functionality, leverage, and maintenance margin requirements. Some limitations compared to live trading do exist.
  • If you are not yet a client, you can open a free trial account. See: How can I open a free trial account?

Additional Information

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How do I cancel a pending request to modify trading permissions?
How can I reopen a closed paper trading account?
How do I enable trading permissions and take product knowledge tests?