Paper Trading & Backtesting
Practice with live market data. Simulated orders.
Every strategy can run against the built-in simulator first. Simulated orders — no money is placed at a broker. The free paper-trading license covers 12 months, one per email address, with no card required.
Paper trading
The same platform, with simulated money
Paper mode is not a demo — it's the full platform running against live market data with simulated fills. Strategies, risk controls, reporting, and the AI Copilot run the same way they do live; only the orders are simulated.
Every broker can run against the built-in simulator. Alpaca's paper keys are also supported, if you want to rehearse against a broker-side paper account.
Backtesting
Test against history before you test with money
Backtests replay your strategy against historical market data, and the report shows the losing trades as plainly as the winners. A good backtest is a reason to keep testing on paper, not proof of future results.
Start free. Learn first. Trade when ready.
Practice with simulated orders on a free 12-month paper-trading license: one per email address, no card required. Windows, macOS & Linux.