A virtual exchange — no KYC, no deposits
Paper trading explained: orders, fills and P&L on real market prices without real money — why it matters, why it should be independent, how it works, and what makes a good engine.
Experiment without real funds. External order connections are available for supported symbols — see the markets page for coverage.
PAPER TRADING
Practice and verification: you place orders at real market prices without real money, and fills and P&L are recorded. weltiq offers it as a "virtual exchange" — accounts, API keys and an order interface like a real exchange, but no money moves.
A strategy that passes a backtest behaves differently in a live market. Fill delays, slippage, fees, partial fills and rejected orders change the numbers. Running it for days or weeks under the same conditions before real money is paper trading — the only way to learn without losing.
Exchange and broker demo accounts are tied to that company's product: one market, resets and time limits, no API or one that differs from live, and a push toward a real account. An independent paper server covers several markets in one account, treats every tool (TradingView, Claude, Codex, your code) the same way, and keeps the records yours.
① Open an account and issue an API key. ② Send order intents from the tool you already use — REST API, MCP, TradingView alerts. ③ The server fills them on real market prices with each exchange's rules (fees, tick size, sessions). ④ Fills, balances, P&L and rejection reasons are recorded, and a strategy can run resident on the server 24/7.
Fills are simulated. Your order does not consume the real order book, so market impact of large orders and liquidity gaps in extreme moves are not reproduced. weltiq documents what it simulates and what it does not.
Fills on the prices printing at the exchange right now, not a separate test pool, or the results mean nothing.
Fees, slippage, tick size, sessions and rejection rules documented and applied per exchange.
What is not reproduced (market impact, liquidity exhaustion) is stated, so going live holds no surprises.
Orders through API, webhooks and agents — not web buttons — so you verify the same code and flow you will run live.
Accumulated fills, rejections and reviews without account resets are what make a track record.
Attach a real account and the order request and risk policy stay the same, so paper results are evidence for live.
START
Bring an existing strategy, or turn an idea into your first experiment.
Keep your strategy logic outside Weltiq. Connect order intents through API or MCP. Internal templates are optional.
Connect external ordersRun a supported template or a converted, validated strategy on our servers. Review its status after your conversation ends.
Explore resident executionTurn an idea into template conditions. Analyze simulated execution records and improve one variable at a time.
Build your first experimentStart paper trading with a Weltiq account. Opening a real brokerage account and connecting live trading are separate steps.
For external orders, keep your logic outside Weltiq and send supported order intents. Resident execution requires a supported template or a converted and validated strategy.
If your external strategy process stops, new orders stop arriving. Choose resident execution when you want Weltiq to keep evaluating the strategy.
The internal entry signal (signal webhook) and the external order webhook are separate. External connections process order intents within limits you have approved.
Broker-neutral connectivity is our product direction. Check supported connectors, instruments and order requirements. Immediate switching or routing across every broker is not available.
Check availability, then choose how you want to connect.
Open a virtual-exchange accountBack to the virtual exchange