Webull

Interactive Brokers: List of Crypto-Currencies Offered (2022)


2022 List of crypto-currencies offered for trading on Interactive Brokers account. See which coins you can buy/sell/trade with Interactive Brokers.



Cryptocurrency List at Interactive Brokers


  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)

Promotion



Open IB Account


Cryptocurrency List at Webull


  • Algorand (ALGOUSD)
  • Avalanche (AVAUSD)
  • BAT (BATUSD)
  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Cardano (ADA)
  • Chainlink (LINKUSD)
  • Cosmos (ATOMUSD)
  • Curve DAO (CRVUSD)
  • Dash (DASH)
  • Decentraland (MANAUSD)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Dogecoin (DOGE)
  • Fantom (FTMUSD)
  • LINK (LINKUSD)
  • Litecoin (LTC)
  • Loopring (LRCUSD)
  • Polygon (MATICUSD)
  • REN (RENUSD)
  • SHIB (SHIBUSD)
  • Solana (SOLUSD)
  • Sushi (SUSHUSD)
  • Stella Lumens (XLM)
  • Terra (LUNAUSD)
  • The Graph (GRTUSD)
  • UNI (UNIUSD)
  • XLM (XLMUSD)
  • Zcash (ZEC)

Promotion



Open WeBull Account


Interactive Brokers Paper Trading


If you haven’t used Interactive Brokers’ advanced desktop platform Trader Workstation before, you might want to practice on it before placing trades with real money. Thankfully, the broker-dealer offers a demo mode where it’s possible to place mock trades with a virtual currency. Here’s how to do just that:


Downloading the Software


The first thing you want to do is download Trader Workstation. You can do this by going to the TWS download site and clicking on the version you need. The software functions on Windows, Mac, and Linux.

Once you have the .exe file downloaded, you need to double click on it to start the installation process. Once installed, start the program to get the login screen.


Logging In


The great thing about simulated trading on Trader Workstation is that you don’t have to actually have an IB account. Guests can demo trade just like account holders.


IB Paper Trading


If you have an IB account, click on Paper Trading and then enter your login credentials. If you don’t have an account, click on Return to the demo and then click on Try Demo. You’ll be able to enter without logging in.


Placing Simulated Trades


Once you’re inside the program, it’s time to familiarize yourself with the software. You’ll notice a red stripe running across the top of the platform that says Demo System. That’s a reminder that the dollar amounts in your account balance aren’t real and trades don’t count.

Thankfully, the demo system has the exact same trading tools as the live program has. In the top-left corner of the default layout sits the trading ticket. This is the perfect opportunity to practice entering and exiting trades.


IB Practice Trading


When submitting mock (or live) trades, you’ll first want to enter a ticker symbol in the upper-left corner of the trade ticket. Then click on buy or sell in the bottom-left corner of the trade ticket. The order type can be selected with a drop-down trade selector. For stop and limit orders, you’ll need to enter prices. Duration choice has another drop-down menu. An advanced field can be used to practice more advanced orders, such as bracket orders, OCO, and direct-access routing. This menu is also where you can check a potential trade’s impact on margin.

Besides stocks and ETF’s, it’s also possible to practice trading forex, options, and other financial instruments.


Switching Between Classic and Mosaic


At the very bottom of the platform lie two tabs: Mosaic and Classic TWS. These are the two default layouts. Each one has its own look, but trading tools are mostly the same. Experiment with both to see which one you prefer.


Charting Practice


While in demo mode, it’s also a good idea to practice IB’s very good charting software. A charting window is available in both Mosaic and Classic versions. In Classic, there is a Chart icon in the top row of icons. In Mosaic mode, a chart is part of the default layout, but one can also be generated through the New Window blue menu.


Alternative Broker For Paper Trading


Interactive Brokers paper trading service is only available on their advanced platform which is difficult no learn especially for beginner investors. TD Ameritrade, on the other hand, offers paper trading on both mobile app and website trading which are much more user-friendly and easier to master.


Try TD Ameritrade For Free


$0 commissions + transfer fee reimbursement.

Open TD Ameritrade Account


Ben Wright
About the Author
Ben Wright is an investor, a trader, an educator, and something of an explorer. He spends his days in the markets when he is not teaching or spending time with his family. Ben writes about stockbrokers, markets, investment vehicles, promotional offers, and tools that help investors make the most of their time in the markets.