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Paper Trading

Simulated Trading in Real Market Conditions

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Practice your trading skills in a simulated trading environment with a Sharelord Investor Paper Trading account. If you currently have a SLI account, you can experience the full range of Trader Workstation's capabilities in a real-time market environment without risking any of your own money.

SLI's Paper Trading accounts let you watch how your strategies play out as you develop, practice and perfect the skills you'll need to invest and start generating income.

  • Learn market dynamics for new exchanges and products.
  • Test new strategies, products, exchanges, order types with prices and account values determined by real-time market conditions – all without risk.
  • Access essential trading tools – real time charts, executions, market depth, option pricing, price risk analytics and more.
  • Practice trading with all the same symbols and features you plan to use for live trading.
  • Access a Paper Account statement every day you trade.


How it Works

  • You must have an active live account with Sharelord Investor funded with the minimum starting balance of $5,000 USD equivalent to be eligible for a Paper Trading account
  • The SLI Paper Trader works just like your production account. You can use most SLI order types, trade all contracts available through the TWS, and experiment with almost every aspect of the TWS platform.
  • The Paper Trader interface clearly indicates that you are working in a simulated account. If you do not see this, you are trading in your production account and will be liable for all trades that fill.
  • Trades entered into this paper trading account will not actually execute on any exchange or settle at a clearing house. However, the price of your executions will be determined by real market prices and sizes.
  • Trading permissions, market data subscriptions, base currency, and other account configurations are the same as specified for your regular account.
  • A paper trading account statement will be provided each day and is available by logging into Account Management with your Paper Trader login and accessing the Reports menu.
  • All customers 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.
  • You may reset your cash equity at any time by accessing Account Management for your paper trading account and selecting Paper Trading Account Reset. Your account will be reset to the greater of either USD 100,000 or two times the total equity of the user's production account. Note that reset requests should be entered before 16:00 ET in order to take effect for the next business day

Getting Started

If you have a Sharelord Investor account that has been activated with the minimum $5,000 USD equivalent then you can set up your Paper Trading account by following the below steps:

  • Log into Account Management via the Client Login page
  • Select from the left hand side Trading Access > Paper Trading
  • Follow the prompts and create a username and password
  • The Paper Trading account will be activated in 24 hours
  • Log into your Paper Trading account from the Trader Workstation 4.0 icon on your desktop

Limitations of the Paper Trading Account

Although the paper trading account simulates most aspects of a LIVE Sharelord Investor account, you may encounter some differences due to its construction as a simulator with no execution or clearing abilities. These differences include:

  • Market orders on Buy Write and Collar Combos will not execute – a Limit (LMT) order with Limit buy price must be used (Market orders will work on LIVE Sharelord Investor productions accounts)
  • Brokerage charged on the Paper Trading accounts is not reflective of Sharelord Investor brokerage rates. Please see our Costs page for a full list of fees.
  • Limited combo trading
  • No support for some order types including: VWAP, Auction, RFQ, and Pegged to Market.
  • Fills are simulated from the top of the book; no deep book access.
  • Stops and other complex order types are always simulated in paper trading; this may result in slightly different behaviour from a TWS production account.
  • The trade simulator will reject the remainder of any exchange-directed market order that partially executes. This may or may not match behaviour of a real-world exchange. Market orders received while there is no quote on the opposite side will be held until the market data arrives (i.e. until the first partial fill).
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