SageMaster Forex is a trading software platform for building, configuring, and monitoring your own trading activity. This article is for informational purposes only and does not constitute financial or investment advice.
A Paper Account is a simulated trading account on SageMaster Forex. It lets you place simulated orders, run strategies, and explore the platform's features using simulated funds, without connecting a real broker account.
If you've used a demo account with a broker before, a Paper Account serves the same purpose: practicing with simulated funds under real market conditions. The key difference is that your Paper Account is built and supported directly by SageMaster Forex — it is not provided by a separate broker. That's why you don't need to register with, or connect, any third-party broker to use it; everything runs natively within the platform you already use.
Results on a paper account are simulated and do not represent actual trading performance. Past or simulated results are not a reliable indicator of results you would achieve with a live account, since markets are unpredictable and live trading involves real execution conditions, costs, and risks that a simulation cannot fully replicate.
New users: A Paper Account is created for you automatically after you complete onboarding. You don't need to do anything — once onboarding is finished, your Paper Account is ready and you're taken to the Magic Terminal.
Existing users: If you don't already have a Paper Account, you can create one yourself from the connected broker account page (/accounts) by selecting Create Paper Account. You'll be asked to set:
All fields come pre-filled with default values, which you can change before confirming.
You can have one Paper Account per user. The option to create one disappears once you have one.
If you don't change anything, your Paper Account starts with: