You will be able to submit the order but it will not receive a penny fill. Penny trading for US Options is not supported.Stops and other complex order types are always simulated in paper trading this may result in slightly different behavior from a TWS production account.Fills are simulated from the top of the book no deep book access.No support for some order types including: Passive Relative, Auction, RFQ, and Pegged to Market.These differences include but are not limited to: Note that reset requests should be entered before 16:00 ET in order to take effect for the next business day.Īlthough the paper trading account simulates most aspects of a production TWS account, you may encounter some differences due to its construction as a simulator with no execution or clearing abilities. Your account will be reset to the greater of either USD 100,000 or five times the total equity of the your production account. You may reset your cash equity at any time by accessing Account Management for your paper trading account and selecting the Trade menu.All clients will start with USD 1,000,000 of paper trading Equity with Loan Value, and this equity will fluctuate as if the trades had executed in the real market.A paper trading account statement will be provided each day and is available by logging into Account Management with your PaperTrader login and accessing the Reports menu.Trading permissions, market data subscriptions, base currency, and other account configurations are the same as specified for your regular account.However, the price of your executions will be determined by real market prices and sizes.
Trades entered into this paper trading account will not actually execute on any exchange or settle at a clearing house.
If you do not see this, you are trading in your production account and will be liable for all trades that fill.
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