thinkorswim paperMoney: paper access and simulation limits
A simulated trading environment inside thinkorswim for practicing its order-entry and analysis tools.
Selected workflow
Broker demo
Access and account requirements
Schwab clients have ongoing access; nonclient Guest Pass is limited to 30 days and cannot be extended.
Market-data conditions
Provider describes simulated real-time market data; selected guest/client setup still needs confirmation.
Simulation boundaries
A30-day Guest Pass is not permanent free access. Guest credentials and saved settings expire and do not migrate into a new Schwab client login. Live account eligibility and permissions remain separate.
A practical verification exercise
Choose guest versus client access, record the expiration date and preserve a copy of your exercise. Check the current instrument and data configuration inside paperMoney.
Record the exact account mode and date. Reconcile requested quantity, fill time, fee and residual position using a copied statement. A product described as multi-asset may still have different permissions, data or order types in a particular account.
Primary evidence
Schwab paperMoney and guest-pass access
Checked 17 October 2026; published documentation, not an authenticated account or live execution test. Paper API: not established here; this is not proof of absence.
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