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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.

The PaperTrader interface clearly indicates that you are working in a simulated account.

You can use most IBKR order types, trade all instruments available through the TWS, and experiment with almost every aspect of the TWS platform.

The TWS PaperTrader works just like your production account.