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1. Connect a broker
Updated over a month ago

You need to create connection between your AlgoCloud cloud account and your broker(s) in order to trade - so that AC can send orders, check positions, etc. to your broker account.

The way of creating this connection is different for each broker, and we provide a simple step-by-step wizard for all the supported brokers.

Note
Most broker allow you to have demo or papertrading account with them, in addition to your real account. Paper/demo account is an account with demo money, so you will not risk your real money.

You can have multiple connected accounts in AlgoCloud, so you can create connections to both your paper and live accounts of the same broker.

The point is that you can run your strategy against your PAPER account, trading with demo money.

Connected brokers

Manage connections to your brokers in the menu Live trading -> Connected brokers.


Simply click on + Link account button and follow the simple wizard to create connection to your broker.


You can also see the default AlgoCloud demo broker in the list of your connected accounts - this demo broker can be used if you run your strategies in the demo mode. You can reset your papertrading account - this will delete all the open and history trades, and resets the account money.


Difference between Live and Demo accounts

AlgoCloud has clearly separated demo and real accounts:

Live accounts (real money)
These are real money accounts of your broker. If you'll deploy your strategy on this conected account then it will trade with real stocks and real money through your broker.


โ€‹Paper accounts (demo money)
These are paper/demo accounts - you can get a demo account from your broker, or you can use our own AlgoCloud demo broker simulation. Your strategy will still use real datafeed and real prices, but it will trade with virtual (paper/demo) money.

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