While the MATLAB Trading Toolbox can be used with a Paper Trading Interactive Brokers account, it is important to note that Interactive Brokers places some limitations on the Paper Trading accounts compared to the live accounts. These limitations are imposed by Interactive Brokers and not by the MATLAB Trading Toolbox. For example, mutual funds are not supported when using a Paper Trading account.
For a complete list of the limitations that Interactive Brokers sets on Paper Trading accounts, refer to the following link:
https://www.interactivebrokers.com/en/software/am/am/manageaccount/paper_trading_limitations.htm
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