Try It! Practice Trading Options

Try Trading Options Without Risk

Options without risk? Yes, really. At least in a practice account.

Options can seem overwhelming to new investors. What are they? How do I trade them? Why would I trade them? Like anything, practice can help build confidence, which can lead to success. With options, that confidence building can happen in an RBC Direct Investing Practice Account.

Each account comes with $100,000 practice dollars and gives you access to the same online investing site you'd use to manage your real investments. That means you'll use the same order entry screens you would use for actual trades, except you don't have to risk your own money, and you can start over anytime you like.

Free for all RBC Direct Investing and RBC Online Banking clients, Practice Accounts are a zero-risk way to test out buying and selling calls and puts. You can search for options using the "options" tab on a detailed quote page.

Like in an actual account, trading options on a practice basis requires you to have a margin-enabled account. When opening your Practice Account (it takes just a few minutes and can be found under the Person icon), you'll need to choose the investment margin account type. Already have a cash or other Practice Account open? While you can't add margin to it, you can open a separate Practice Account. You can have as many Practice Accounts as you like.

Worried about mixing up your real account with your Practice Account? You'll always know you're in practice mode because the account is highlighted in a separate box and you will see an icon of a book.

Find out more about Practice Accounts in Sharpen Your Investing Skills with a Practice Account.