Virtual Wallets and Paper Trading Charges

Understand demo funds, estimated fees and the distinction between virtual cash and real money.

Understand the idea.

The virtual wallet is an accounting balance for paper trades, not a bank account. BOOSTRO's current paper fee model charges brokerage of 0.03% of executed trade value and GST of 18% of that brokerage. GST in this model is not deducted from the whole principal or from trading profit. The engine deducts the combined charge on each fill and records it with the cash settlement. This is a simplified learning model, not a complete schedule of a real broker's taxes and fees. Estimates can differ from the final fill amount. No money deposit, withdrawal or real exchange order is made by using the paper account.

Practice checklist

• Treat funds as virtual only
• Check brokerage and GST separately
• Use settled ledger amounts for review