Yes, Interactive Brokers’ demo account gives you $1m to ‘paper trade’ with on over 7,000 markets with no time limit. You can trade on Interactive Brokers with the IBKR demo account. There are some serious problems with it, but also some excellent features. I’ve tested the Interactive Brokers demo account and compared it to the live version so you can get the most out of their demo account.
The downloadable IBKR Workstation demo is excellent. The portal version I gave up on fairly quickly. That’s the problem with demo accounts. They only have a few minutes to capture your attention and the easiest one to access through IBKR is also the worst. The web-based portal has very limited functionality and you can only see stocks.
If you want to trade indices, forex or commodities you can’t get any pricing. Far better is the downloadable IBKR Workstation, an absolutely epic trading platform that high-frequency trading hedge funds use. If you have the patience to download and install the software, it is probably the best demo trading platform around.
One of the benefits of the Interactive Brokers demo is there is no time limit to how long you can use it. But, on the downside it doesn’t take into account fees when you trade.
Compare IBKR’s demo account to other paper trading platforms below:
| Demo Account | Virtual Balance | Demo Length | Demo Markets | Customer Reviews | More Info |
|---|---|---|---|---|---|
 | 10,000 | 84 Days | 13,500 | (Based on 124 reviews)
| See Platform 71% of retail investor accounts lose money |
 | 10,000 | 84 Days | 5,000 | (Based on 16 reviews)
| See Platform 76% of retail investor accounts lose money |
 | 200-50,000 | 60 Days | 20 | (Based on 86 reviews)
| See Platform 75.3% of retail investor accounts lose money |
 | 40,000 | No Limit | 2,000 | (Based on 144 reviews)
| See Platform* 80% of retail investor accounts lose money |
 | 1,000,000 | No Limit | 7,000 | (Based on 934 reviews)
| See Platform 60% of retail investor accounts lose money |
 | 10,000 | No Limit | 17,000 | (Based on 678 reviews)
| See Platform 69% of retail investor accounts lose money |
 | 10,000 | No Limit | 12,000 | (Based on 148 reviews)
| See Platform 70% of retail investor accounts lose money |
 | 100,000 | 20 Days | 1,000 | (Based on 73 reviews)
| See Platform 65% of retail investor accounts lose money |
 | 100,000 | No Limit | 2,976 | (Based on 277 reviews)
| See Platform 51% of retail investor accounts lose money |
 | 100,000 | 30 Days | 2,100 | (Based on 136 reviews)
| See Platform 75% of retail investor accounts lose money |
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
