Research checked 2026-10-14 · Unknown fields require verification.
US LLC research scope only; final entity assignment untested. Live leveraged cash Forex at IBLLC requires Eligible Contract Participant qualification. Currency conversion is different and does not establish leveraged-FX eligibility.
Virtual funds: Requires Verification
Standalone trial starting balance and currency unconfirmed. The linked-client paper account's USD 1 million is not assumed here.
Expiry: No fixed limit; inactivity closure possible
Official IBKR staff state that extended inactivity can lead to closure; no exact interval given.
View in the interactive finder
Account conditions
- Research checked
- 2026-10-14
- Testing status
- Not tested
- Recorded virtual amount
- Requires Verification
- Recorded currency
- Requires Verification
- Expiry category
- inactivity
- Evidence category
- Some details unconfirmed
- Signup requirements
- Follow Start Your Free Trial. The linked application shell was reached; required fields and completion remain Requires Verification.
- Notes and remaining checks
- Requires Verification: actual FX order entry in this standalone trial, not just currency quotes or conversion. This listing is a platform trial, not a confirmed unrestricted US Forex demo.
- Research region codes
- US
- Research region code
- US
- Research region
- United States
- Record ID
- interactive-brokers-tws-us
- Broker
- Interactive Brokers
- Legal entity
- Interactive Brokers LLC
- Research scope
- US LLC documentation and standalone Free Trial for prospective users; residence assignment and standalone trial FX trade permissions Requires Verification.
- Platform code
- tws
- Platform
- Trader Workstation (TWS) free trial (desktop)
- Product
- Platform trial; FX permissions unconfirmed
- Documented terms
- Standalone simulated platform trial with non-delayed OTC spot FX quotes; most other data is delayed 10–15 minutes. Actual Forex order permissions in the independent US trial: Requires Verification.
- Balance reset or adjustment
- Requires Verification: standalone trial starting funds and reset policy; linked-client paper reset terms are separate.
- Live account or deposit
- Trial offered before opening and funding a live account. Approved-client paper trading is a separate route.
- What the evidence establishes
- Trial documented; actual US trial FX trading scope remains Requires Verification. Explicit simulated Forex evidence belongs to the separate approved-client paper account.
- Supporting sources
- Interactive Brokers standalone Free Trial
- Interactive Brokers Free Trial application entry
- IBKR Campus: Requesting a Paper Trading Account
- IBKR Client Portal: About Paper Trading Accounts
- IBKR Campus: Using IBKR's Paper Trading Account
- IBKR Campus: How to Open an IBKR Paper Trading Account
- IBKR Forex Margin Requirements: IBLLC account eligibility
- Official information source
- Interactive Brokers standalone Free Trial
Official entry route
- Route type
- portal
- Notes and remaining checks
- Official Start Your Free Trial destination. Application shell reached; form completion, entity assignment and FX permissions Requires Verification.
- Evidence status
- Requires Verification
- Research checked
- 2026-10-14
- Testing status
- Not tested
Execution and demo realism
Contractual capacity and execution arrangement are separate. ECN/STP labels do not establish agency. Simulated fills do not verify live execution quality.
- Scope
- US LLC live Forex contract capacity is described separately from the standalone TWS platform trial. Trial FX order permissions remain unconfirmed; linked-client paper accounts are a different route.
- Testing status
- Not tested
- Contractual role
- Finding
- Mixed
- Evidence status
- Documented
- Notes and remaining checks
- The LLC agreement section 31(B) says Forex transactions generally use agent or riskless-principal capacity, with a fee. Mixed preserves those two alternatives; it does not classify all IBKR products or all affiliates.
- Supporting sources
- Research checked
- 2026-10-14
- Execution arrangement
- Finding
- Forex transactions through affiliates or third parties
- Evidence status
- Broker-reported
- Notes and remaining checks
- Section 31(B) permits Forex transactions through an affiliate or third party and agency for both sides. No universal ECN-only routing or a particular liquidity source is inferred.
- Supporting sources
- Research checked
- 2026-10-14
- Demo realism
- Finding
- Trial market data and fees; FX fill model unconfirmed
- Evidence status
- Broker-reported
- Notes and remaining checks
- The standalone trial page advertises market-condition pricing including fees and non-delayed OTC FX quotes. Exact standalone-trial FX order permissions and fill modelling: Requires Verification. Linked-client paper guidance discloses top-of-book simulated fills, but that is not assumed to settle this trial's FX scope.
- Supporting sources
- Research checked
- 2026-10-14
- Research review
- Research checked
- 2026-10-14
- Review outcome
- Standalone platform trial documented with non-delayed OTC FX quotes. Actual independent US trial FX order permissions are not established. US LLC agreement documents agent or riskless-principal Forex capacity; live leveraged Forex eligibility remains separate.
- Remaining checks
- Requires Verification: official confirmation that the standalone US TWS trial accepts simulated spot-Forex orders, beyond quotes or currency conversion, and what permissions apply.
- Requires Verification: trial registration fields, acceptance, residence-to-entity mapping and any trial-specific eligibility limits.
- Requires Verification: initial virtual funds/currency, reset rules and exact inactivity closure threshold for the standalone trial.
- Requires Verification: trial-specific FX fill/slippage/liquidity/latency/rejection modelling. Do not transplant the approved-client paper account's USD 1 million or top-of-book fill rules without confirmation.
- For a future approved-client paper-account listing, verify live-account approval and Forex permission prerequisites separately; US live leveraged Forex requires ECP qualification.
Demo markets
- Scope
- US-resident standalone TWS Free Trial listing. Live CFD eligibility is distinct from simulated trial permissions.
- Testing status
- Not tested
- Forex CFDs
- Evidence status
- Retail restricted
- Notes and remaining checks
- IBKR states US legal residents cannot trade IBKR-issued CFDs. The standalone trial's actual FX order permissions remain Requires Verification; OTC FX quotes do not prove Forex-CFD demo access.
- Research checked
- 2026-10-14
- Cryptocurrency CFDs
- Evidence status
- Retail restricted
- Notes and remaining checks
- IBKR's US-resident restriction applies to IBKR-issued CFDs. No crypto-CFD demo access is established for this US trial; crypto or futures access must not be substituted for CFD evidence.
- Research checked
- 2026-10-14
API access
- Record ID
- interactive-brokers-tws-us
- Legal entity
- Interactive Brokers LLC
- Research region code
- US
- Platform code
- tws
- Type
- Broker API
- Access route
- IBKR TWS / Web API
- Evidence status
- Requires Verification
- Notes and remaining checks
- This record is the standalone TWS free trial. Current IBKR Campus guidance excludes trial accounts from APIs, while legacy TWS documentation describes limited trial API use. Client paper-account API support does not resolve this trial-specific conflict.
- Requirements
- Confirm current trial eligibility with IBKR. Approved-client paper accounts have separate prerequisites; Web API funding requirements must not be assumed for the TWS API.
- Supporting sources
- Official documentation
- Research checked
- 2026-10-14
- Testing status
- Not tested
Entity and regulatory research
Requires Verification. No regulatory assessment has been completed for this record; this does not establish that the firm is unregulated.
Reading the evidence
Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.
Official sources
Interactive Brokers LLC Client Agreement, January 10, 2025
Source owner: Broker
Research checked: 2026-10-14
Source locator: Section 31(B), page 16: agent or riskless principal for Forex
Source access note: Official IBKR document server PDF opened and read; US LLC scope only.
Source ID: add-ibkr-llc-agreement
IBKR Campus: Using IBKR's Paper Trading Account
Source owner: Broker
Research checked: 2026-10-14
Source locator: Explore Tools and Features: simulated Forex trades
Source access note: Explicit simulated Forex claim applies to paper account course; not proof of independent US trial FX order permission.
Source ID: add-ibkr-paper-fx
IBKR Client Portal: About Paper Trading Accounts
Source owner: Broker
Research checked: 2026-10-14
Source locator: How Paper Trading Accounts Work and Limitations; updated February 11, 2026
Source access note: Read linked-client paper account terms and explicit distinction from standalone Free Trial. Do not assume all linked-account terms apply to trial.
Source ID: add-ibkr-paper-guide
IBKR Campus: How to Open an IBKR Paper Trading Account
Source owner: Broker
Research checked: 2026-10-14
Source locator: Approved live-account prerequisite and US $1 million simulated buying power
Source access note: Page first says actual funded account, then clarifies approval required before funding. These linked-account terms are kept distinct from standalone trial.
Source ID: add-ibkr-paper-prereq
Interactive Brokers standalone Free Trial
Source owner: Broker
Research checked: 2026-10-14
Source locator: Trial platforms, market data, fees and later live-account upgrade
Source access note: Official page opened and read; no account opened, form submitted or trading tested.
Source ID: add-ibkr-trial
Interactive Brokers Free Trial application entry
Source owner: Broker
Research checked: 2026-10-14
Source locator: Start Your Free Trial link from official landing page
Source access note: Official landing-page link followed; web extraction exposed only application shell, not complete fields. No form submitted; registration flow Requires Verification.
Source ID: add-ibkr-trial-entry
IBKR Campus: Requesting a Paper Trading Account
Source owner: Broker
Research checked: 2026-10-14
Source locator: Official Interactive Brokers replies of September 3, 2024 and January 17, 2025 on standalone trial closure; November 12, 2024 on API exclusion
Source access note: Read official staff replies, not user comments as evidence. Direct linked expiry FAQ redirected to empty FAQ shell; no account opened.
Source ID: add-ibkr-trial-expiry
IBKR Forex Margin Requirements: IBLLC account eligibility
Source owner: Broker
Research checked: 2026-10-14
Source locator: Note expressly covering IBLLC accounts and ECP qualification
Source access note: Official UK-hosted page explicitly scopes note to IBLLC and IB UK accounts carried by IBLLC. No account eligibility tested.
Source ID: add-ibkr-us-fx-eligibility
IBKR Web API trading
Source owner: Interactive Brokers
Research checked: 2026-10-14
Source locator: Funded IBKR Pro prerequisite for individual live and paper access.
Source access note: Official search-index excerpt reviewed; full source not directly retrieved in this batch. No account or API connection tested.
Source ID: finder-api-a-ib-api
IBKR response: trial accounts not API supported
Source owner: Interactive Brokers
Research checked: 2026-10-14
Source locator: Official staff answer of 12 November 2024: free trial excluded; paper accounts are separate.
Source access note: Official search-index excerpt reviewed; full source not directly retrieved in this batch. No account or API connection tested.
Source ID: finder-api-a-ib-trial
Legacy IBKR TWS API — free trial limitations
Source owner: Official broker documentation
Research checked: 2026-10-14
Source locator: Platform and account scope
Source access note: Official indexed page reviewed
Source ID: finder-api-ib-legacy
IBKR CFD margin requirements: residence restrictions
Source owner: Broker
Research checked: 2026-10-14
Source locator: Note under CFD margin overview: legal residents of US prohibited from trading IBKR-issued CFDs
Source access note: Official UK-hosted page explicitly scopes restriction to US legal residents; opened and search-index text read. This is a live-product eligibility statement, not a trial order test.
Source ID: market-us-ibkr-cfd-restriction
IBKR standalone Free Trial
Source owner: Broker
Research checked: 2026-10-14
Source locator: Trial platform and non-delayed OTC spot FX quotes; standalone trial FX order permission not established
Source access note: Existing same-day official-source research retained from demo-additions-c-2026-10-14.json. No trial account opened or orders tested.
Source ID: market-us-ibkr-trial