{ "schemaVersion": 1, "kind": "demoOffering", "id": "interactive-brokers-tws-us", "urls": { "html": "/demo-accounts/interactive-brokers-tws-us.html", "json": "/demo-accounts/interactive-brokers-tws-us.json", "markdown": "/demo-accounts/interactive-brokers-tws-us.md" }, "policy": "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.", "record": { "checked": "2026-10-14", "tested": false, "funds": null, "currency": null, "fundsLabel": "Requires Verification", "fundsNote": "Standalone trial starting balance and currency unconfirmed. The linked-client paper account's USD 1 million is not assumed here.", "expiryType": "inactivity", "expiry": "No fixed limit; inactivity closure possible", "expiryNote": "Official IBKR staff state that extended inactivity can lead to closure; no exact interval given.", "evidence": "partial", "signup": "Follow Start Your Free Trial. The linked application shell was reached; required fields and completion remain Requires Verification.", "note": "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.", "regions": [ "US" ], "region": "US", "regionLabel": "United States", "regulation": null, "id": "interactive-brokers-tws-us", "broker": "Interactive Brokers", "entity": "Interactive Brokers LLC", "researchScope": "US LLC documentation and standalone Free Trial for prospective users; residence assignment and standalone trial FX trade permissions Requires Verification.", "platform": "tws", "platformLabel": "Trader Workstation (TWS) free trial (desktop)", "product": "Platform trial; FX permissions unconfirmed", "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.", "fundingReset": "Requires Verification: standalone trial starting funds and reset policy; linked-client paper reset terms are separate.", "deposit": "Trial offered before opening and funding a live account. Approved-client paper trading is a separate route.", "evidenceNote": "Trial documented; actual US trial FX trading scope remains Requires Verification. Explicit simulated forex evidence belongs to the separate approved-client paper account.", "eligibility": "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.", "sources": [ "add-ibkr-trial", "add-ibkr-trial-entry", "add-ibkr-trial-expiry", "add-ibkr-paper-guide", "add-ibkr-paper-fx", "add-ibkr-paper-prereq", "add-ibkr-us-fx-eligibility" ], "visit": "add-ibkr-trial", "signupLink": { "kind": "portal", "note": "Official Start Your Free Trial destination. Application shell reached; form completion, entity assignment and FX permissions Requires Verification.", "status": "Requires Verification", "url": "https://ndcdyn.interactivebrokers.com/Universal/Application?ft=T&spltst=www", "sourceUrl": "https://www.interactivebrokers.com/en/trading/free-trial.php", "checked": "2026-10-14", "tested": false }, "execution": { "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.", "tested": false, "role": { "value": "Mixed", "status": "Documented", "note": "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.", "sources": [ "add-ibkr-llc-agreement" ], "checked": "2026-10-14" }, "arrangement": { "value": "Forex transactions through affiliates or third parties", "status": "Broker-reported", "note": "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.", "sources": [ "add-ibkr-llc-agreement" ], "checked": "2026-10-14" }, "demo": { "value": "Trial market data and fees; FX fill model unconfirmed", "status": "Broker-reported", "note": "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.", "sources": [ "add-ibkr-trial", "add-ibkr-paper-guide" ], "checked": "2026-10-14" }, "review": { "checked": "2026-10-14", "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.", "remainingChecks": [ "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." ] } }, "markets": { "scope": "US-resident standalone TWS Free Trial listing. Live CFD eligibility is distinct from simulated trial permissions.", "tested": false, "forexCfd": { "status": "Retail restricted", "note": "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.", "sources": [ "market-us-ibkr-cfd-restriction", "market-us-ibkr-trial" ], "checked": "2026-10-14" }, "cryptoCfd": { "status": "Retail restricted", "note": "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.", "sources": [ "market-us-ibkr-cfd-restriction", "market-us-ibkr-trial" ], "checked": "2026-10-14" } }, "api": { "id": "interactive-brokers-tws-us", "entity": "Interactive Brokers LLC", "region": "US", "platform": "tws", "type": "Broker API", "route": "IBKR TWS / Web API", "status": "Requires Verification", "note": "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.", "sources": [ "finder-api-a-ib-trial", "finder-api-a-ib-api", "finder-api-ib-legacy" ], "docs": [ "finder-api-a-ib-trial" ], "checked": "2026-10-14", "tested": false } }, "sources": { "add-ibkr-llc-agreement": { "title": "Interactive Brokers LLC Client Agreement, January 10, 2025", "url": "https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=3203", "owner": "Broker", "checked": "2026-10-14", "locator": "Section 31(B), page 16: agent or riskless principal for forex", "access": "Official IBKR document server PDF opened and read; US LLC scope only." }, "add-ibkr-paper-fx": { "title": "IBKR Campus: Using IBKR's Paper Trading Account", "url": "https://www.interactivebrokers.com/campus/trading-lessons/using-ibkrs-paper-trading-account/", "owner": "Broker", "checked": "2026-10-14", "locator": "Explore Tools and Features: simulated forex trades", "access": "Explicit simulated forex claim applies to paper account course; not proof of independent US trial FX order permission." }, "add-ibkr-paper-guide": { "title": "IBKR Client Portal: About Paper Trading Accounts", "url": "https://www.ibkrguides.com/clientportal/aboutpapertradingaccounts.htm", "owner": "Broker", "checked": "2026-10-14", "locator": "How Paper Trading Accounts Work and Limitations; updated February 11, 2026", "access": "Read linked-client paper account terms and explicit distinction from standalone Free Trial. Do not assume all linked-account terms apply to trial." }, "add-ibkr-paper-prereq": { "title": "IBKR Campus: How to Open an IBKR Paper Trading Account", "url": "https://www.interactivebrokers.com/campus/trading-lessons/how-to-open-an-ibkr-paper-trading-account/", "owner": "Broker", "checked": "2026-10-14", "locator": "Approved live-account prerequisite and US $1 million simulated buying power", "access": "Page first says actual funded account, then clarifies approval required before funding. These linked-account terms are kept distinct from standalone trial." }, "add-ibkr-trial": { "title": "Interactive Brokers standalone Free Trial", "url": "https://www.interactivebrokers.com/en/trading/free-trial.php", "owner": "Broker", "checked": "2026-10-14", "locator": "Trial platforms, market data, fees and later live-account upgrade", "access": "Official page opened and read; no account opened, form submitted or trading tested." }, "add-ibkr-trial-entry": { "title": "Interactive Brokers Free Trial application entry", "url": "https://ndcdyn.interactivebrokers.com/Universal/Application?ft=T&spltst=www", "owner": "Broker", "checked": "2026-10-14", "locator": "Start Your Free Trial link from official landing page", "access": "Official landing-page link followed; web extraction exposed only application shell, not complete fields. No form submitted; registration flow Requires Verification." }, "add-ibkr-trial-expiry": { "title": "IBKR Campus: Requesting a Paper Trading Account", "url": "https://www.interactivebrokers.com/campus/trading-lessons/request-paper-trading-account/", "owner": "Broker", "checked": "2026-10-14", "locator": "Official Interactive Brokers replies of September 3, 2024 and January 17, 2025 on standalone trial closure; November 12, 2024 on API exclusion", "access": "Read official staff replies, not user comments as evidence. Direct linked expiry FAQ redirected to empty FAQ shell; no account opened." }, "add-ibkr-us-fx-eligibility": { "title": "IBKR Forex Margin Requirements: IBLLC account eligibility", "url": "https://www.interactivebrokers.co.uk/en/trading/margin-forex.php?ex=uk&hm=ot&pm=0&rgt=1&rsk=0&rst=120104010408080801", "owner": "Broker", "checked": "2026-10-14", "locator": "Note expressly covering IBLLC accounts and ECP qualification", "access": "Official UK-hosted page explicitly scopes note to IBLLC and IB UK accounts carried by IBLLC. No account eligibility tested." }, "finder-api-a-ib-api": { "title": "IBKR Web API trading", "url": "https://www.interactivebrokers.com/campus/ibkr-api-page/web-api-trading/", "owner": "Interactive Brokers", "checked": "2026-10-14", "locator": "Funded IBKR Pro prerequisite for individual live and paper access.", "access": "Official search-index excerpt reviewed; full source not directly retrieved in this batch. No account or API connection tested." }, "finder-api-a-ib-trial": { "title": "IBKR response: trial accounts not API supported", "url": "https://www.interactivebrokers.com/campus/trading-lessons/request-paper-trading-account/?retakeFinal=1", "owner": "Interactive Brokers", "checked": "2026-10-14", "locator": "Official staff answer of 12 November 2024: free trial excluded; paper accounts are separate.", "access": "Official search-index excerpt reviewed; full source not directly retrieved in this batch. No account or API connection tested." }, "finder-api-ib-legacy": { "title": "Legacy IBKR TWS API — free trial limitations", "url": "https://interactivebrokers.github.io/tws-api/third_party.html", "owner": "Official broker documentation", "checked": "2026-10-14", "locator": "Platform and account scope", "access": "Official indexed page reviewed" }, "market-us-ibkr-cfd-restriction": { "title": "IBKR CFD margin requirements: residence restrictions", "url": "https://www.interactivebrokers.co.uk/en/trading/margin-cfd.php?ex=us&hm=ot&pm=0&rgt=1&rsk=0&rst=101004010808080801", "owner": "Broker", "checked": "2026-10-14", "locator": "Note under CFD margin overview: legal residents of US prohibited from trading IBKR-issued CFDs", "access": "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." }, "market-us-ibkr-trial": { "title": "IBKR standalone Free Trial", "url": "https://www.interactivebrokers.com/en/trading/free-trial.php", "owner": "Broker", "checked": "2026-10-14", "locator": "Trial platform and non-delayed OTC spot FX quotes; standalone trial FX order permission not established", "access": "Existing same-day official-source research retained from demo-additions-c-2026-10-14.json. No trial account opened or orders tested." } } }