Do You Need a Paid Subscription for Paper Trading in TradersPost?
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TradersPost requires a paid subscription for automated paper trading due to infrastructure costs. Free trial users can send trade signals but must manually approve trades until upgrading to a paid plan.
Is Paper Trading Free in TradersPost?
Yes, a paid subscription is required to use paper trading with an automated strategy in TradersPost. While some might expect paper trading to be free, there are infrastructure and processing costs involved in handling trade signals, even when they are not sent to a broker.
TradersPost incurs costs related to data processing, infrastructure, and system resources, which makes it impractical to offer unlimited free paper trading accounts. Supporting a large number of free users could negatively impact service quality for paying customers.
How Paper Trading Works on a Free Trial
During a free trial, users can send trade signals to TradersPost but must manually approve or reject each trade. Full automation, including AutoSubmit, is only available after upgrading to a paid plan.
For traders who want additional testing time, TradersPost occasionally offers trial extensions and promotional discounts, particularly around the holiday season. Those interested in trying out automated paper trading should reach out to TradersPost support for details on available promotions.
Conclusion
While paper trading is a valuable feature for testing strategies, fully automated paper trading requires a paid subscription due to the infrastructure costs involved. TradersPost offers a manual approval option during free trials and occasional promotions for those looking to extend their testing period.