Webull announced on Tuesday an expansion of its paper trading platform to support crypto, futures, bonds and event contracts alongside stocks and options, while opening the environment to developers through OpenAPI. The upgrade transforms paper trading into a testing environment for algorithmic strategies and AI-powered applications before traders commit real capital. According to Webull, users have placed more than 204 million simulated orders since paperTrade launched, with the enhanced platform beginning rollout later this month.
Webull Expands Paper Trading Across Six Asset Classes
The upgraded platform supports simulated trading across six different markets including stocks, options, crypto, futures, bonds and event contracts, allowing investors to move between products using the same workflows available in their live accounts. The platform introduces advanced options functionality, including more sophisticated order types, alongside a pricing engine designed to more closely reflect live market conditions and improve simulated order execution. Users will be able to switch seamlessly between live and paper trading while preserving personalized layouts and workspace configurations.
Anthony Denier, Group President and U.S. CEO of Webull, said: "Investing is a skill that develops through experience, but gaining that experience doesn't need to require risking your savings. Paper trading has long been one of the most popular features on Webull because it gives investors a place to learn by doing. We've completely reimagined the experience to bring together everything our live platform offers into one realistic simulation, allowing investors of all experience levels to build confidence before putting real capital to work."
OpenAPI Access Enables Developer Testing Environment
Webull is extending OpenAPI access into paperTrade, allowing developers, quantitative traders and third-party applications to connect programmatically to the simulated environment. This creates a software development sandbox where developers can build applications, automate trading workflows, test integrations and validate execution logic without interacting with live brokerage accounts.
Jack Keating, CEO of Webull Tech US and Head of Institutional, said: "By extending OpenAPI access into paperTrade, we're giving developers, advanced traders, and AI-powered applications a safer environment to build, test, and refine trading workflows before they ever touch live markets."
Platform Supports Advanced Options and Multi-Asset Workflows
The platform now supports trading across equities, options, digital assets and futures through its live platform, with those capabilities extended into paper trading. Each asset class introduces different characteristics: futures involve leverage and margin requirements, options require understanding implied volatility and expiration dates, bonds respond to changing interest rates, while event contracts allow traders to express views on the outcome of predefined events.
Webull already supports trading across these asset classes through its live platform. The paper trading expansion allows prospective customers to experience nearly the full platform before funding an account. The improved pricing engine attempts to better reflect live market conditions to narrow the gap between simulated and actual trading performance.
FAQ
What asset classes does Webull's upgraded paper trading platform support?
Webull's enhanced paper trading platform supports simulated trading across six markets: stocks, options, crypto, futures, bonds and event contracts, using the same workflows available in live accounts.
When will Webull's upgraded paper trading platform become available?
According to Webull's announcement on Tuesday, the enhanced platform will begin rolling out later this month.
What is the OpenAPI access feature in Webull's paper trading platform?
Webull is extending OpenAPI access into paperTrade, allowing developers, quantitative traders and third-party applications to connect programmatically to build applications, automate trading workflows, test integrations and validate execution logic without interacting with live brokerage accounts.
