Free tier
Rehearse the wholething before yourisk anything
A paper account runs the same screener, the same backtester and the same risk checks as a funded one, against live market data. The only difference is where the order goes: a simulated book instead of an exchange. No API key, no card.
What "paper" means here, precisely
The same path, one substitution
An order you place on paper travels the route a real one does: it becomes an intent, risk-service evaluates it against your limits and signs an approval, and execution verifies that approval before anything is submitted. The substitution happens at the last step — the venue is a simulated book rather than an exchange. Everything upstream of it is the code that handles real money, which is the only way a rehearsal predicts anything.
Your own account, not a shared sandbox
You get an account of your own with a starting balance, and the platform refuses an order for an account it cannot confirm is yours. Your fills, your positions and your equity are yours to read and nobody else’s to see. That is enforced where the account lives, not by a filter on a screen.
A paper account cannot reach an exchange
Not "should not" — cannot. The venue an order would arrive at is checked against what that connector actually is, not against the name the order carries, so an order with no venue named, a live venue named outright, and an unknown venue all fail the same way. A paper account has no exchange credential anywhere in the system to be misused.
Fills are simulated honestly, which means unflatteringly
A paper fill pays a fee and takes slippage, a market order larger than the book’s depth is refused rather than filled at the mark, and a limit below the market rests instead of trading. A simulator that fills everything instantly at the mid is a machine for producing edges that evaporate on the first real order.
What happens when you press place
The same four steps as a funded account. Only the last one differs.
- 01
You propose
From the console, from a chat turn, or from a strategy you promoted. Every route ends in the same place: one service is the originator of orders, and nothing else may call the venue.
- 02
Risk decides
Loss at your stop against your risk-per-trade limit, exposure, drawdown, whether the portfolio snapshot is fresh enough to judge any of it. A pass is a signed approval that covers this exact quantity and price.
- 03
Execution verifies
The approval is checked against the values actually being sent, the instrument filters round the order to what the venue accepts, and the account is confirmed to be yours.
- 04
The book fills it
A simulated venue that charges fees, applies slippage and refuses what it cannot absorb. The fill flows back into your portfolio the same way a real one does, so your P&L is computed by the code that computes the real one.
What a paper account still cannot do
The limits are the same ones a funded account has, which is the point of rehearsing with them.
- Place an order that fails your risk limits. Paper money is not a reason to skip the gate — a strategy that only works when the gate is off does not work.
- Reach a live exchange, under any venue name, with or without one specified.
- Trade an account that is not yours, or read one.
- Have a strategy promoted to live automatically. Promotion is a human action with a scope that a paper account does not hold.
- Fill an order the simulated book cannot absorb. It is refused, and the refusal names the size that would have fit.
Questions about paper trading
Do I need an exchange account?
No. Market data is the platform’s, and the book your orders reach is simulated. An exchange key is only needed the day you want orders to leave the building.
How much paper money do I start with?
10,000 USDT, once. It is not topped up when you sign in again — a balance that refills every login teaches nothing, because the run that blew up is the one worth reading.
Are the prices real?
Yes. The same live market data the screener and the backtester read, from the venue you are trading against. What is simulated is the matching, not the market.
Can I switch a paper strategy to live later?
That is the intended path, and it is deliberately not one click. Going live needs a venue credential, a human promotion with the right scope, and the same risk policy the paper run passed under.
What is the catch on the free tier?
Data and compute, not features. History depth, how often screens run and how many strategy searches you get are what the paid tiers buy. The screener, the backtester and the risk gate are the same on every tier.
Open a paper account
Sign in and you have one, with a balance, in the time it takes to load the console.