How To Place Trades With Interactive Brokers' WebTrader: Conclusion
Interactive Brokers' WebTrader is a simplified trading platform with an easy-to-use, basic order entry interface. As with any trading platform, it is important to learn about the platform and understand how to place trades before attempting to place trades with real money in a live market. IB offers a demo version of its WebTrader platform that allows traders to get a general feel for the platform's functionality; no account is needed to download the demo version. Once an account is opened, traders have access to IB's paper trading feature which allows users to practice placing trades without risking money.
Interactive Brokers offers a separate platform - the Trader Workstation - designed for traders interested in a more robust and advanced platform that supports additional order types.