How do I get Started with Interactive Brokers?

Simply download their platform and supply an email address at the login screen to get started. If you already have a live account, Interactive Brokers will have automatically created a paper account for you. Simply click on paper trading at the login screen and use the same credentials that you would for your live account.

What is a paper trading account?

All paper trading accounts start with 1,000,000 USD of paper trading equity, which allows you experiment with the full range of IB trading facilities in a simulated environment which uses real market conditions. Once you complete the application, the paper trading account is available within 24 hours under normal business circumstances.

How to share real-time market data subscriptions with paper trading account?

All I had to do is go to Manage Account > Settings > Paper Trading. And there I had to checkmark “Share real-time market data subscriptions with paper trading account. Note that due to regulatory laws only one of these accounts can have an active session at any given time.”. Finally it works.

Can I use a demo account with Interactive Brokers?

If you already have a live funded account with Interactive Brokers, the demo accounts can be tied to it so that you can access subscribed data on both accounts. IB supplies delayed data for most of the markets offered. You can use a third-party data feed.