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Paper Trading

Paper trading lets you use the full range of trading facilities in a simulated environment using real market conditions. Use this page to request a Paper Trading Account. Use this test environment to learn trading features such as order types without risk, learn market dynamics in new exchanges and products, and simulate and test trading strategies. When you use a paper trading account, you have limited access to Account Management functions. Paper trading accounts are created within 24 hours under normal business circumstances. You will be notified by email when the account is ready for trading.

Who can access the Paper Trading page?

You can access this page if you are a(n):

• Individual, Joint, Trust or IRA Account User
• Small Business Account User
• Friends and Family Group Master or Client User
• Advisor Master User Individual
• Advisor Master User Organization
• Advisor Client User Individual
• Advisor Client User Organization
• Proprietary Trading Group Master User
• Proprietary Trading Group Sub User
• Broker Master User (master account only)
• Broker Fully Disclosed Client User
• Broker Fully Disclosed Client User Organization
• Broker Non-Disclosed Client User
• Broker Omnibus Client User
• Investment Manager Master User
• Fund

To open a paper trading account

1. Click Manage Account > Settings > Paper Trading.

2. Read the text on the page, which contains important information about paper trading accounts, then click Continue.

3. Type a five-character paper trading account username in the field provided.
4. 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.
5. Re-type the password in the field provided, then click Back. The system will generate a full username for you when you click Back.
6. 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.