You can create three types of accounts in Manage:
These accounts represent a real brokerage account you own. They are kept in sync with your broker by either manually entering (or importing) the transactions you execute on your broker, or by linking to it to automate the process (option available only with our Preferred Brokers).
Whether you maintain the account by hand or by linking to it, these Accounts offer many advantages vs. what you get with a broker, such as:
- A consistent, easy to use interface to all your brokerage accounts
- Ability to partition the account into separate Strategies and track performances separately
- Take advantage of the many Manage features to help you record your decisions
Use these accounts to play around with strategies, track performance, or test ideas without using real money. Paper accounts behave just like a Self Directed Account. Identifying accounts as "paper" will allow you to filter out the holdings and transactions so you only see your real accounts.
These accounts are fully managed by Portfolio123 Advisor. They are linked to your real account on Interactive Brokers. With these accounts, you can only give instructions to invest in models, which are then executed the following day. To learn more about Advisor Accounts and the investment opportunities they offer please see the Advisor section here.