# Interactive Brokers — Trader Workstation (TWS) free trial (desktop) United States research scope · Interactive Brokers LLC. Some details unconfirmed. Reference page: /demo-accounts/interactive-brokers-tws-us.html 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. ## Research checked 2026-10-14 ## Testing status Not tested ## Recorded virtual amount Requires Verification ## Recorded currency Requires Verification ## Virtual funds Requires Verification ## Balance qualifications Standalone trial starting balance and currency unconfirmed. The linked-client paper account's USD 1 million is not assumed here. ## Expiry category inactivity ## Expiry rule No fixed limit; inactivity closure possible ## Expiry qualifications Official IBKR staff state that extended inactivity can lead to closure; no exact interval given. ## 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 ## Entity and regulatory research Requires Verification ## 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. ## Eligibility and regional limits 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. ## Supporting sources - [Interactive Brokers standalone Free Trial]() — source ID: add-ibkr-trial - [Interactive Brokers Free Trial application entry]() — source ID: add-ibkr-trial-entry - [IBKR Campus: Requesting a Paper Trading Account]() — source ID: add-ibkr-trial-expiry - [IBKR Client Portal: About Paper Trading Accounts]() — source ID: add-ibkr-paper-guide - [IBKR Campus: Using IBKR's Paper Trading Account]() — source ID: add-ibkr-paper-fx - [IBKR Campus: How to Open an IBKR Paper Trading Account]() — source ID: add-ibkr-paper-prereq - [IBKR Forex Margin Requirements: IBLLC account eligibility]() — source ID: add-ibkr-us-fx-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 ### URL https://ndcdyn.interactivebrokers.com/Universal/Application?ft=T&spltst=www ### Route source https://www.interactivebrokers.com/en/trading/free-trial.php ### Research checked 2026-10-14 ### Testing status Not tested ## Execution and demo realism ### 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 - [Interactive Brokers LLC Client Agreement, January 10, 2025]() — source ID: add-ibkr-llc-agreement #### 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 - [Interactive Brokers LLC Client Agreement, January 10, 2025]() — source ID: add-ibkr-llc-agreement #### 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 - [Interactive Brokers standalone Free Trial]() — source ID: add-ibkr-trial - [IBKR Client Portal: About Paper Trading Accounts]() — source ID: add-ibkr-paper-guide #### 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. #### Supporting sources - [IBKR CFD margin requirements: residence restrictions]() — source ID: market-us-ibkr-cfd-restriction - [IBKR standalone Free Trial]() — source ID: market-us-ibkr-trial #### 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. #### Supporting sources - [IBKR CFD margin requirements: residence restrictions]() — source ID: market-us-ibkr-cfd-restriction - [IBKR standalone Free Trial]() — source ID: market-us-ibkr-trial #### 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 - [IBKR response: trial accounts not API supported]() — source ID: finder-api-a-ib-trial - [IBKR Web API trading]() — source ID: finder-api-a-ib-api - [Legacy IBKR TWS API — free trial limitations]() — source ID: finder-api-ib-legacy ### Official documentation - [IBKR response: trial accounts not API supported]() — source ID: finder-api-a-ib-trial ### Research checked 2026-10-14 ### Testing status Not tested ## Official sources ### Interactive Brokers LLC Client Agreement, January 10, 2025 Source ID: add-ibkr-llc-agreement https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration_v2.formSampleView?formdb=3203 #### 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. ### IBKR Campus: Using IBKR's Paper Trading Account Source ID: add-ibkr-paper-fx https://www.interactivebrokers.com/campus/trading-lessons/using-ibkrs-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. ### IBKR Client Portal: About Paper Trading Accounts Source ID: add-ibkr-paper-guide https://www.ibkrguides.com/clientportal/aboutpapertradingaccounts.htm #### 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. ### IBKR Campus: How to Open an IBKR Paper Trading Account Source ID: add-ibkr-paper-prereq https://www.interactivebrokers.com/campus/trading-lessons/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. ### Interactive Brokers standalone Free Trial Source ID: add-ibkr-trial https://www.interactivebrokers.com/en/trading/free-trial.php #### 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. ### Interactive Brokers Free Trial application entry Source ID: add-ibkr-trial-entry https://ndcdyn.interactivebrokers.com/Universal/Application?ft=T&spltst=www #### 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. ### IBKR Campus: Requesting a Paper Trading Account Source ID: add-ibkr-trial-expiry https://www.interactivebrokers.com/campus/trading-lessons/request-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. ### IBKR Forex Margin Requirements: IBLLC account eligibility Source ID: add-ibkr-us-fx-eligibility https://www.interactivebrokers.co.uk/en/trading/margin-forex.php?ex=uk&hm=ot&pm=0&rgt=1&rsk=0&rst=120104010408080801 #### 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. ### IBKR Web API trading Source ID: finder-api-a-ib-api https://www.interactivebrokers.com/campus/ibkr-api-page/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. ### IBKR response: trial accounts not API supported Source ID: finder-api-a-ib-trial https://www.interactivebrokers.com/campus/trading-lessons/request-paper-trading-account/?retakeFinal=1 #### 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. ### Legacy IBKR TWS API — free trial limitations Source ID: finder-api-ib-legacy https://interactivebrokers.github.io/tws-api/third_party.html #### Source owner Official broker documentation #### Research checked 2026-10-14 #### Source locator Platform and account scope #### Source access note Official indexed page reviewed ### IBKR CFD margin requirements: residence restrictions Source ID: market-us-ibkr-cfd-restriction https://www.interactivebrokers.co.uk/en/trading/margin-cfd.php?ex=us&hm=ot&pm=0&rgt=1&rsk=0&rst=101004010808080801 #### 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. ### IBKR standalone Free Trial Source ID: market-us-ibkr-trial https://www.interactivebrokers.com/en/trading/free-trial.php #### 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.