Does Interactive Brokers Have A Paper Trading Demo Account?

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IBKR Demo

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.

IBKR Demo

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 AccountVirtual BalanceDemo LengthDemo MarketsCustomer ReviewsMore Info
City Index Forex Trading

10,000

12 weeks

13,500

3.8
(Based on 124 reviews)
See Platform
70% of retail investor accounts lose money
Forex.com Trading Platform

10,000

12 weeks

13,500

4.1
(Based on 16 reviews)
See Platform
75% of retail investor accounts lose money
Pepperstone Forex Trading

Β£200-Β£50k

60 days

20

4.6
(Based on 86 reviews)
See Platform
75.3% of retail investor accounts lose money
Plus500 Demo Account

40,000

No Limit

2,000

3.7
(Based on 144 reviews)
See Platform*
80% of retail investor accounts lose money
Interactive Brokers Forex Trading

$1m

No limit

7,000

4.4
(Based on 934 reviews)
See Platform
60% of retail investor accounts lose money
IG Forex Trading

10,000

No limit

17,000

3.9
(Based on 678 reviews)
See Platform
69% of retail investor accounts lose money
CMC Markets Forex Trading

10,000

No limit

12,000

3.7
(Based on 148 reviews)
See Platform
68% of retail investor accounts lose money
Saxo Markets Forex Trading

$100,000

20 days

1,000+

3.6
(Based on 73 reviews)
See Platform
65% of retail investor accounts lose money
eToro Forex Trading

$100,000

No limit

2,976

3.4
(Based on 277 reviews)
See Platform
51% of retail investor accounts lose money
XTB Forex Trading

100,000

30 days

2,100

4.6
(Based on 136 reviews)
See Platform
75% of retail investor accounts lose money

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