Interactive Brokers Demo Account – Opening Tutorial and Review

filippo ucchino Filippo Ucchino calendar Last Updated: March 2022 timer 5 Min Read

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So, you are thinking of trading with Interactive Brokers?

They are one of the best around, and an excellent place to get a full lowdown is by checking out our Interactive Brokers review.

They also provide a top-quality, unlimited demo account. The Interactive Brokers demo account is our focus here with a full tutorial on how to open your account, and exactly what to expect from the demo account in operation.

Let’s take a closer look.

Table of Content

Interactive Brokers Demo Account Opening Tutorial

Here is a complete step-by-step look at how to get your IB demo account up and running.

Step 1 – Getting Started With Your Interactive Brokers Demo Account

A demo account, also known as a ‘Paper Account’ is an ideal place to get started whether you are new to a broker or to trading. With IB, simply head to the broker’s website to get started (74-89% of retail CFD accounts lose money). Once you are there you will find a “free trial” button at the top of the page. Once clicked, you will be taken to the demo account information page. Click “free trial” again here to move on to the next step.

The homepage of IB's website

Step 2 – Interactive Brokers Demo Account: What Documents/Information do you need?

Opening a demo account you will not need much information at all. Just enter your email address and a valid telephone number to get going. With a live account of course you will need a passport or ID, and a bank statement or utility bill to verify your account.

Step 3 – Fill in the Registration form

The next step is to complete the registration form. To do this, you will need to fill in your email address, name, choose a password, and select your country of residence. You will also choose your marketing preferences at this point.

The register form at IB

Step 4 – Downloading and Logging into the TWS Platform

With your information entered and the registration form complete, on the next page, you will be able to download the TWS platform. The platform is available for Windows, Mac, and Linux.

When you have it installed, the TWS icon will be on your desktop. If you have any issues then a tutorial page will open that you can follow to finish downloading.

In the Login box that appears, click the link in the top right corner that says “No username? Try the demo” and enter your email address.

Step 5 – Choosing Your Interactive Brokers Demo Account Platform

Besides being able to choose the Desktop TWS, the full-featured trading platform, which you can download directly from the site, you can also choose the Client Portal, web trader trading app, and account management. You will not need to complete a download for these.

On mobile, you will have access to IBKR Mobile, available both for iOS and Android, and the IBKR APIs, a platform where you automate your trading or create your own custom trading solution using their own APIs.

Interactive Brokers Demo Account Review

With your demo account opening complete, here is a closer look at the key features and questions you may have about the account itself.

What Types of Interactive Brokers Demo Account are Available?

The free trial demo account offered is a margin account by default. You can learn more about this by reading our Interactive Brokers account types guide.

Interactive Brokers Demo Account Features, Restrictions and Differences with Live Account

The main difference between this demo account and a live account, as with any broker demo account, is that the funds traded are virtual and essentially without risk of real financial loss.

Another key difference is that slippage does not occur on a demo account, though it can happen at volatile or high-volume times on a live account.

Advantages of Trading with an Interactive Brokers Demo Account

A demo account with Interactive Brokers has several benefits. First off, you will be trading risk-free. You will have a large amount, $1,000,000 in virtual funds to try out trading and the broker features.

This gives you access to all trading tools and platforms. IB provides top-notch trading tools and platforms, so you’ll be trading within an excellent environment and have access to market data on all products too. When you are ready, you will then easily be able to transition to live trading.

the IB free trial offer

IB is also one of the most highly-regulated brokers in the industry. They have top-tier regulations in place from several bodies including the FCA, ASIC, FSSC, and also SEC and CFTC in the USA.

Interactive Brokers Demo Account Management

Here are some points to consider that you may encounter during trading with your IB demo account.

Does the Interactive Brokers demo account trial end?

The demo account trial is fully unlimited. The only time the account may expire is if you have not used it in a very long time.

Interactive Brokers FAQs

Should Interactive Brokers be used as a beginner client?

No, Interactive Brokers is aimed at professional traders, while for beginners is not recommended

Is Interactive Brokers better than eToro?

IB and eToro are really good brokers. They both provide excellent offer of assets, low trading costs and they are highly-regulated broker choices.


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74-89% of retail CFD accounts lose money

About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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