I saw there has been some discussion here about the paper trading account value
not being able to be reset. I just wanted to ask if this is still the case or IB's documentation
is simply outdated. They write here how it is supposedly done, but I simply cannot find
the menu items they refer to in my account management:



Am I correct that this is once again an outdated documentation by IB? They do not
seem to check the actuality I guess. If yes, the funny (and annoying) thing ist that it
indeed was possible at some stage to reset the account (I remember doing it but now
cannot find the menu item again, seems it has been removed).

Thanks for clarification if anyone here knows more about how to do it.

Thanks a lot,

Josef

开云体育

You can reset your paper account equity to a value different than the original and up to five times your production account value. Please note that reset requests should be entered before 16:00 EST in order to take effect for the next business day.??

Please follow below steps to reset paper equity balance:??

1. Log into your paper trading Client Portal by clicking the toggle on the login screen??
2. Select Settings followed by Account Settings??
3. Click the Configure (gear) icon next to Paper Trading Account Reset??
4. Select the reset amount from the drop down menu provided and click Continue.?

Hello Stuart, thank you so much for your wonderful help.

I never would have figured that out on my own.

It works.

Thanks again,
Josef

Sorry, I am still not able to see Paper Trading Account Reset.?

I logged into my paper account via browser.?
I clicked on human icon in the top right corner, then I clicked Settings.
It loaded page with many linked but none of them says Paper Trading Account Rest. The closest I can see is: Paper Trading Account. When I click it, it gives me username and password, option to reset password and some other option, but there is not option to reset paper account value.

开云体育

Thank you, Richard!

I went to interactivebrokers.com and logged into paper account and got the same result as you showed above (except I did not have to click human icon, there was already link settings under human icon).

Then I also tried alternative approach.?
- Launch TWS paper trading
- Go to Account menu, then Account Management Home.?
- It will bring up browser with live account,?
- Log out of it and login into paper account.?
- Then clicking human sign and Settings after it bring something like this.


Well, this is a bit strange, but I am glad your approached worked, I am going to use it.