Paper trading & account setup

The paper account is a fully simulated balance you can trade as hard as you like with no real-money risk. Set a starting balance, place market and limit orders with optional stop/target brackets, watch your PnL mark to market in real time, and reset to the starting balance whenever you want a clean slate.

Where: Settings ▸ Paper AccountDefault balance: $100,000

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Screenshot needed

id: trading-paper-trading

The Paper Account settings with the starting balance field and reset button

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Overview

Paper orders fill against live market prices through the built-in simulator, so the experience matches live trading - the same trade ticket, the same brackets, the same position and order tabs - only the money is simulated. Open positions are marked to the current price, so realized and unrealized PnL update tick by tick.

The account starts at a configurable balance (default $100,000). A reset wipes positions and history and restores that starting balance, which makes paper the natural place to rehearse a strategy before risking anything real.

How to use

1. Open Settings ▸ Paper Account and set your Starting balance (USD).

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   Screenshot needed

   id: trading-paper-trading-balance

   Setting the starting balance in Paper Account settings

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2. Make sure your trade panel is in Paper mode (the paper/live toggle on the panel toolbar), then place orders from the trade ticket, the chart, or the DOM.

3. Watch live mark-to-market PnL in the Positions tab of the bottom bar.

4. To start over, use Save & reset / Reset paper account - this clears everything and restores the starting balance.

What you can do

Action	How
Set starting balance	Settings ▸ Paper Account ▸ Starting balance (USD)
Place orders	Trade ticket, right-click chart, or DOM ladder
Attach brackets	SL/TP on the ticket, or drag on the chart
Track PnL	Positions tab, marked to live price
Start fresh	Reset paper account

Tip

Treat your paper balance like a real one. Sizing trades against $100,000 the way you would a funded account builds habits that carry over when you switch to live.

Related

• Prop-sim risk limits - add drawdown floors to the paper account.
• The trade ticket - place orders with size and brackets.
• Managing positions & orders - close positions and cancel orders.