Practice accounts are a great way to get familiar get familiar with the process of trading. However, they do have the following limitations:

Stock splits, consolidations, reorganizations, name changes and other corporate actions will not be reflected in a practice account. The impact of these actions can be simulated through manual adjustments by buying more or selling part of the position and editing the average cost price.
Income earned from dividends and interest and interest charges incurred by borrowing on margin will not be reflected in practice account.
Practice accounts are not reflected on monthly or quarterly statements.
Trade confirmations, prospectuses, and statements will not be provided for practice account transactions.
Email notifications for trade status changes (for example, order fill notifications), documents, stock alerts, and transfers are not supported for practice accounts.
The following account features/services are also not available for practice accounts: transaction history bill payments fund transfers dividend reinvestment pre-authorized contributions automatic investment plans and automatic-funds transfers.
Practice account balances will always be excluded from all total calculations on the account summary pages.

Please note: After 90 days of inactivity, practice accounts will be automatically closed.

How many Practice Accounts can I have?

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