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PaperTrading

What is Paper Trading?


Paper trading is a simulated trading experience that allows you to practice buying and selling assets—such as stocks, ETFs, and options, —without using real money. Instead of placing actual trades in the market, you'll use a virtual account funded with simulated cash. This gives you the opportunity to test investment strategies, explore trading platforms, and build confidence in the financial markets without any financial risk. Whether you're new to investing, trying out a new strategy, or refining your trading techniques, paper trading is a valuable way to learn and improve before committing real capital.



What is Options Paper Trading?


Options paper trading allows you to practice options trading using covered and single option strategies. If you are already holding shares needed for a covered option, you will not be able to create a new order that uses only those existing shares. Instead, you will need to place a new covered option order, which includes both the option contract and an order to buy the 100 shares required.



How do I access paperTrade?


The paper trading feature is available on the mobile app anddesktop app. To access, please follow the steps below:


App

  • Tap Menu.
  • Below shortcuts, select More.
  • Within the Trading category, tap paperTrade.

Desktop

  • Select Paper Trading.
  • Choose your desired layout and begin simulated trading.

Please note PaperTrading is only supported for US shares, AU, HK & CNA shares are not supported.

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