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 | GMG Rating | More Info | Risk Warning |
|---|---|---|---|---|---|---|
 | £10,000 | 12 weeks | 13,500 | See Demo | 69% of retail investor accounts lose money when trading CFDs with this provider | |
 | £200-£50k | 60 days | 20 | See Demo | 75.3% of retail investor accounts lose money when trading CFDs with this provider | |
 | £10,000 | No limit | 17,000 | See Demo | 70% of retail investor accounts lose money when trading CFDs and spread bets with this provider. | |
 | £40,000 | No Limit | 2,000 | See Demo | 80% of retail investor accounts lose money when trading CFDs with this provider. | |
 | £10,000 | No limit | 12,000 | See Demo | 68% of retail investor accounts lose money when trading CFDs with this provider | |
 | $100,000 | 20 days | 1,000+ | See Demo | 65% of retail investor accounts lose money when trading CFDs with this provider | |
 | $1m | No limit | 7,000 | See Demo | 62.5% of retail investor accounts lose money when trading CFDs with this provider | |
 | $100,000 | No limit | 2,976 | See Demo | 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money | |
 | £10,000 | 12 weeks | 13,500 | See Demo | 69% of retail investor accounts lose money when trading CFDs with this provider. | |
 | £100,000 | 30 days | 2,100 | See Demo | 76% of retail investor accounts lose money when trading CFDs with this provider | |
 | £200,000 | 14 days | 3,981 | See Demo | 66.95% of retail investor accounts lose money when trading CFDs with this provider |
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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.
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