Simulation only
All trading on Papertrade uses virtual money. No real securities are bought or sold, no orders reach a real broker or exchange, and nothing you win or lose is real.
Not investment advice
Papertrade isn't a broker, investment adviser or financial institution, and isn't registered as one with any regulator (including the SEC, FINRA, SEBI, the FCA or others). Nothing on the service, including results reports, AI agent output, examples or marketing, is a recommendation to buy or sell any security. Talk to a licensed financial adviser before making investment decisions.
Simulated results aren't real results
Simulated and hypothetical performance has real limits. It doesn't involve financial risk or emotion, and it can't fully reproduce real trading. In real markets:
- orders can fill at worse prices (slippage), only partly, or not at all;
- liquidity, spreads, order queues and market impact all affect your price;
- brokers' fees, taxes, margin rules and square-off times may differ from what's simulated;
- prices move while you think, and connections or platforms can fail.
Past or simulated performance does not guarantee future results.
Market data
Prices come from third-party providers and may be delayed, incomplete or inaccurate. Replays depend on the historical data available, which can be coarser for older days. Exchange hours, holidays and fees are based on public information and may be out of date.
AI agents
How an AI agent performs in a simulator says little about how it will perform with real money. Agents can misread instructions, act on stale data or make the same mistake many times quickly. Review what your agent does before trusting it with a real account.
Trading is risky
Real trading, especially intraday trading and trading with leverage or margin, can lose money quickly, and you can lose more than you put in. Only trade with money you can afford to lose.
No affiliation
Papertrade isn't affiliated with, endorsed by or sponsored by any broker, exchange, data provider or AI company named on the site. Their names and logos belong to their owners and are used only to identify what's being simulated.
Contact
Questions: contact@papertrade.world.