Core concepts
Practice broker accounts
A practice account holds pretend money at a real broker. Quantis Trade can connect one. It cannot connect a real-money account.
What a practice account is
A practice account holds pretend money at a broker. Alpaca, a US broker, calls it paper trading. Orders in a practice account behave like real orders, but no real money moves.
Practice account or pretend-money portfolio?
| Pretend-money portfolio | Practice account | |
|---|---|---|
| Where the money is | Only in Quantis Trade | At the broker, as pretend money |
| Who fills the orders | Quantis Trade, at each day's prices | The broker |
| Needs an account at a broker | No | Yes |
| Open to every account | Yes | Not yet: it is being tested |
Real money
Quantis Trade does not place real-money trades. It cannot connect a real-money account.
Related
- Feature guidesConnecting an Alpaca practice accountWhat Quantis Trade is, what happens when you connect your Alpaca practice account, what it can and cannot do, and how to disconnect.
- Feature guidesDeploymentsWhere a rule you follow could place orders in a practice account, with your approval each day. Quantis Trade does not place real-money trades.
- Core conceptsPretend-money portfoliosA pretend-money portfolio follows a rule from today with money that does not exist, so you can watch what it does next without risking anything.
These pages describe how Quantis Trade works and what its tests show about the past. They are not forecasts and not advice.