What is Paper wallet?

What does Paper wallet mean in practice?

A paper wallet holds a notional balance that paper trades draw margin from and add profit or loss to. It behaves like an account, with a balance, used margin and open positions, but none of it is real money and nothing is sent to a broker.

Keeping wallets separate per market matters because a combined balance hides where a result came from. A strategy that does well in one market and badly in another looks average when the two are blended.

A worked example

Illustrative only: a crypto paper wallet starts at a notional amount and a NIFTY paper wallet at another. A loss in one does not reduce the other, so each market's result stays readable on its own.

How to read or test it

Treat the paper balance as a unit of measurement rather than as money. Start each experiment from the same notional amount so results are comparable, and keep one market per wallet so you can see which market produced which outcome. If a run is going to inform a real decision, note the margin used at the peak, because a strategy that needs more margin than you would actually commit is not one you could run.

How AKQX handles Paper wallet

AKQX gives each market, crypto and Indian equities, its own paper wallet and capital pool. Real and paper accounts are kept separate, and paper trading never touches an exchange.

See Paper trading platform for the feature page.

A common mistake

Reading paper-wallet profit as money made. It is a simulation, and fills on paper are easier than real fills.

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