Trading in the financial markets can be a daunting experience, especially for beginners. One great way to build confidence and hone your skills is by using a demo account. In this article, we will guide you through the process of using the eToro demo account to practice and test your trading strategies.
| Key Takeaways |
|---|
| Demo accounts are risk-free and allow you to practice trading without losing real money. |
| Using a demo account can help you learn about different trading strategies and market analysis techniques. |
| eToro’s social trading feature lets you interact with and learn from other traders. |
| By practicing with a demo account, you can develop your skills and gain confidence before trading with real money. |
| An eToro demo account is an excellent tool for both beginners and experienced traders. |
Explore the eToro Platform with a risk-free demo account🚀
Be mindful: 77% of retail investor accounts lose money.
Understanding the eToro Demo Account
Table of content
- Understanding the eToro Demo Account
- Setting Up Your eToro Demo Account
- Step 1: Create an eToro Account
- Step 2: Verify Your Account
- Step 3: Access Your Demo Account
- How to Practice and Test Trading Strategies with Your eToro Demo Account
- Step 1: Explore the eToro Platform
- Step 2: Choose a Trading Strategy
- Step 3: Practice Trading
- Step 4: Track Your Performance
- Step 5: Interact with Other Traders
- Transitioning to a Real eToro Account
- Conclusion
- eToro Trading Platform: • Learn more about etoro acount and guides 📝
- eToro General:
- eToro Features:
- eToro Account Management:
- eToro Trading:
- eToro Learning:
- General eToro Information:
- eToro Trading Tips:
- eToro App and Platform:
- Additional eToro Resources:
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
The eToro demo account, also known as the virtual portfolio, is a risk-free trading environment that allows users to practice trading without risking real money. It provides access to all the features and tools available on the eToro platform, including real-time market data, charts, and indicators.
When you sign up for an eToro account, you receive $100,000 in virtual funds that you can use to practice and test your trading strategies. The demo account is an invaluable resource for both beginners and experienced traders, as it allows you to refine your skills, develop your strategies, and learn about the platform without the risk of losing real money.
Setting Up Your eToro Demo Account
Step 1: Create an eToro Account
To get started, you’ll need to sign up for a free eToro account on our website. Likewise, you can visit the eToro website and click on the “Sign Up” button. Complete the registration form by providing your name, email address, username, and password. You will also need to agree to the terms and conditions and confirm that you are at least 18 years old.
Step 2: Verify Your Account
After registering, you’ll need to verify your account to access all the features of the eToro platform. This process involves uploading a copy of your government-issued ID and proof of address. eToro follows strict regulatory guidelines to ensure the security of its users, so rest assured that your information is safe.
Step 3: Access Your Demo Account
Once your account is verified, log in to the eToro platform. By default, you will be in the virtual portfolio mode. If you’re not, click on the profile icon in the top right corner of the screen and select “Virtual Portfolio” from the dropdown menu. You will now have access to your eToro demo account with $100,000 in virtual funds.
How to Practice and Test Trading Strategies with Your eToro Demo Account
Step 1: Explore the eToro Platform
Before you start trading, take some time to familiarize yourself with the eToro platform. Explore the various tools and features, such as the social trading feed, market research, and educational resources. This will help you get a better understanding of the platform and how to use it effectively.
Step 2: Choose a Trading Strategy
There are many different trading strategies you can use, such as technical analysis, fundamental analysis, or a combination of both. Research and choose a strategy that suits your trading style and goals. The eToro platform offers various educational resources to help you learn about different strategies and techniques.
Step 3: Practice Trading
Once you have chosen a trading strategy, start practicing with your eToro demo account. Place trades, set stop losses and take profit orders, and monitor your progress. Use the various tools and features available on the platform to analyze the market and make informed decisions.
Step 4: Track Your Performance
Keep track of your trading performance by regularly reviewing your trading history and analyzing the results. This will help you identify areas of improvement and adjust your strategy as needed. Remember, practice makes perfect, so don’t be discouraged by initial setbacks.
Step 5: Interact with Other Traders
One of the unique features of eToro is its social trading platform, which allows you to connect with other traders, follow their trades, and learn from their experiences. Engage with the community by sharing your thoughts, asking questions, and participating in discussions. This can be a valuable source of insights and knowledge to help you improve your trading skills.
Transitioning to a Real eToro Account
After practicing with your eToro demo account and gaining confidence in your trading skills, you may be ready to transition to a real eToro account. To do this, simply click on the profile icon in the top right corner of the screen and select “Real Portfolio” from the dropdown menu. You will now be able to deposit real money and start trading in the live markets.
Remember, trading in the financial markets involves risk, and there are no guarantees of profits. Start with a smaller investment and gradually increase your exposure as you become more comfortable and experienced. Continue to learn, adapt, and refine your trading strategies to achieve long-term success.
For those who are eager to embark on their trading journey on eToro, our blog offers invaluable guidance on the next steps. Check out our latest beginner’s guide: “Investing in eToro with $1000: A Beginner’s Guide,” to gain a deeper understanding of how to get started.
Conclusion
Using the eToro demo account is an excellent way to practice and test your trading strategies in a risk-free environment. By familiarizing yourself with the platform, exploring different trading strategies, and learning from other traders, you can develop your skills and gain confidence before transitioning to a real eToro account. Remember, practice and continuous learning are key to becoming a successful trader, so make the most of the resources and tools available to you through the eToro platform.
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
(Data
last updated:
14-09-2023)
🏢Company Background:
| Data | eToro | |
|---|---|---|
| Regulatory Compliance? | Yes | |
| Publicly traded company? | No | |
| Does it offer banking services? | No | |
| Year Founded | 2007 | |
| Country headquarters | Israel | |
| Website Language Options | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it | |
| Separate Client Funds? | Yes | |
| Non-ESMA Branches Available? | Yes | |
| EU Clients Accepted? | Yes | |
| US Clients Accepted? | Yes | |
| Canadian Clients Accepted? | No |
📍Elite Signals offers real-time insights
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
| Data | eToro | |
|---|---|---|
| Forex (e.g. USDJPY or EURGBP) | Yes | |
| Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | |
| Funds Van(ARK invest or BlackRock Equity Dividend) | Yes | |
| CFDs (Google Share in CFD form) | Yes | |
| Cryptos (BTC or ETH) | Yes | |
| Stocks and ETFs (TESL or AAPL) | Yes | |
| Commodities (Gold or Silver market) | Yes | |
| Beginner-friendly (demo-account access) | Yes | |
| Advanced /pro (High-frequency trading, algorithmic trading) | No | |
| Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
| Data | eToro | |
|---|---|---|
| FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | |
| FCA (Financial Conduct Authority) | yes | |
| MAS (Monetary Authority of Singapore) | No | |
| FINMA (Swiss Financial Market Supervisory Authority) | No | |
| CFTC (Commodity Futures Trading Commission) | yes | |
| MIFID-ESMA (Markets in Financial Instruments Directive) | Yes | |
| ASIC (Australian Securities and Investments Commission) | yes | |
| IIROC (Investment Industry Regulatory Organization of Canada) | No | |
| SFC (Securities and Futures Commission) | No |
🏛️Tier 2 Regulatory Authorities:
| Data | eToro | |
|---|---|---|
| FMA (Financial Markets Authority) | No | |
| CBR (Central Bank of Russia) | No | |
| FSCA (Financial Sector Conduct Authority) | No | |
| SEC (Securities and Exchange Commission) | Yes | |
| DFSA (Dubai Financial Services Authority) | No | |
| CBRC (China Banking Regulatory Commission) | No | |
| CySEC (Cyprus Securities and Exchange Commission) | yes | |
| ISA (Israel Securities Authority) | No |
🏛️Tier 3 Regulatory Oversight:
| Data | eToro | |
|---|---|---|
| Offshore Regulators | No | |
| MMA (Maldives Monetary Authority) | No | |
| EDR (External Dispute Resolution) | No | |
| FSA (Seychelles Financial Services Authority) | No | |
| SCB (Securities Commission of The Bahamas) | No | |
| FSC (Financial Services Commission, Mauritius) | No | |
| VFSC (Vanuatu Financial Services Commission) | No | |
| IFSC (International Financial Services Commission, Belize) | No | |
| CIMA (Cayman Islands Monetary Authority) | No | |
| SVG (St. Vincent & Grenadines Financial Services Authority) | No | |
| FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) | No | |
| BMA (Bermuda Monetary Authority) | No | |
| BVI (British Virgin Islands Financial Services Commission) | No |
Max Leverage Options:
| Data | eToro | |
|---|---|---|
| Leverage for Non-EU Clients | 30:1 | |
| European Leverage Limits | 30:1 | |
| Leverage in Australia | 30:1 | |
| US Leverage Restrictions | 1:1 | |
| Canadian Leverage Rules | - |
📂Account Offerings:
| Data | eToro | |
|---|---|---|
| Demo Account Access | Yes | |
| Expiration of Demo Accounts | No | |
| Account Currency Choices | EUR, USD, GBP, AUD, CAD, NZD, CHF, JPY | |
| Standard Accounts | Yes | |
| Micro-lots Accounts | Yes | |
| Low-cost Account (nano lots) | No | |
| Variable Spread Accounts | No | |
| Fixed Spread Accounts | No | |
| Zero Spread Accounts | No | |
| ECN Accounts | No | |
| Swap-Free Accounts | No | |
| Islamic Accounts | Yes | |
| Professional Trading Accounts | Yes | |
| Active Trader Rewards Program | Yes |
💰Deposits and Withdrawals:
| Data | eToro | |
|---|---|---|
| Minimum Deposit Requirements | Yes, $200 | |
| Minimum Withdrawal Limits | Yes, $50 | |
| Credit Card Options | Visa, Mastercard, Maestro | |
| Bank Transfer Availability | yes | |
| PayPal Support | Yes | |
| Neteller Integration | Yes | |
| Skrill Compatibility | Yes | |
| Additional Payment Methods | Sofort, iDeal, Giropay, EPS, Bancontact, Przelewy24, WebMoney, Qiwi, China UnionPay, cryptocurrencies | |
| Deposit Processing Time | Instant-24 hours | |
| Withdrawal Processing Time | 1-2 business days |
Fees and Charges:
| Data | eToro | |
|---|---|---|
| Deposit-related Fees | No | |
| Commissions on Withdrawals | yes - verible by metode | |
| Overnight/Swap Charges | Yes | |
| Account Inactivity Fees | Yes | |
| Currency Conversion Costs | Yes | |
| Are bonus Programs Available? | No |
Security Protocols and Measures:
| Data | eToro | |
|---|---|---|
| (2FA) available? | Yes | |
| (SSL) security? | Yes | |
| (AML) Policy Compliance | Yes | |
| Know Your Customer (KYC) | Yes |
🌐Brand Influence:
| Data | eToro | |
|---|---|---|
| Twitter Follower Counts | 340.1K |
💹Forex Fixed Spreads:
| Data | eToro | |
|---|---|---|
| EUR/GBP Spread Range | 2 | |
| EUR/USD Spread Range | 1 | |
| USD/JPY Spread Range | 1 | |
| GBP/USD Spread Range | 2 | |
| USD/CHF Spread Range | 1.2 | |
| AUD/USD Spread Range | 1 | |
| USD/CAD Spread Range | 1.8 | |
| NZD/USD Spread Range | 2.5 |
Trade Execution Methods:
| Data | eToro | |
|---|---|---|
| Direct Market Access (DMA) | No | |
| Straight Through Processing (STP) | Yes | |
| Electronic Communication Network (ECN) Execution | No | |
| Market Maker Model | Yes | |
| Non-Dealing Desk (NDD) Approach | Yes | |
| First In, First Out (FIFO) Rule Application | No | |
| 4-Digit Decimal Pricing | Yes | |
| 5-Digit Decimal Pricing | Yes |
Order Types & Tools:
| Data | eToro | |
|---|---|---|
| Stop Loss Orders | Yes | |
| Take Profit Orders | Yes | |
| Limit Orders | Yes | |
| Fill or Kill (FOK) Orders | Yes | |
| Trailing Stop Orders | Yes | |
| Margin Call Alerts | Yes | |
| One Cancels Other (OCO) Orders | No | |
| Guaranteed Stop Loss Orders | No | |
| Negative Balance Protection Measures | Yes | |
| Minimum Trade Sizes | 10 | |
| Maximum Trade Sizes | - |
Available Asset Classes:
| Data | eToro | |
|---|---|---|
| Forex Currency Pairs | 47 | |
| Cryptocurrencies | 47 | |
| Commodities | 47 | |
| Equities | 957 | |
| Market Indices | 13 | |
| Exchange-Traded Funds (ETFs) | 145 | |
| Futures Contracts | - | |
| Options Contracts | No | |
| Bonds | No | |
| Metals | 4 | |
| Agricultural Products | 3 | |
| Energy Resources | 2 | |
| Interest Rates | No | |
| Penny Stocks | No | |
| Initial Public Offerings (IPOs) | No | |
| Asset Blends | 19 | |
| Dow Jones Index | No | |
| FTSE 100 Index | Yes | |
| DAX Index | Yes | |
| Nikkei 225 Index | Yes | |
| Gold Market Trading | Yes |
Special Account Features:
| Data | eToro | |
|---|---|---|
| Multi-Account Manager (MAM) | No | |
| Percentage Allocation Money Management (PAMM) | No | |
| Social Trading Integration | Yes | |
| Copy Trading Support | Yes | |
| Lot Allocation Money Management (LAMM) | No |
Supported Trading Techniques:
| Data | eToro | |
|---|---|---|
| Scalping Strategies | No | |
| Hedging Techniques | No | |
| Spread Betting Opportunities | No | |
| Automated Expert Advisor (EA) Integration | No | |
| Virtual Private Server (VPS) Options | No | |
| Application Programming Interface (API) Support | No |
Trading Tools and Features:
| Data | eToro | |
|---|---|---|
| One-Click Trade Execution | Yes | |
| Signal Trading Availability | Yes | |
| Price Alert Notifications | Yes | |
| Number of Chart Indicators Offered | 67 | |
| Number of Chart Drawing Tools Provided | 14 | |
| Direct Trading From Charts | Yes | |
| Customizable Watchlist | Yes |
Mobile Trading Compatibility:
| Data | eToro | |
|---|---|---|
| Android App | Yes | |
| iOS App | Yes | |
| Windows Mobile App | No | |
| Mobile Trading Signal Integration | Yes | |
| App for Smartwatches | No | |
| Forex Mobile Trading | Yes | |
| CFD Mobile Trading | Yes | |
| Alert Notifications on Mobile Devices | Yes | |
| Mobile Charting and Drawing Tools | Yes | |
| Languages Supported on Mobile App | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it | |
| Watchlist Feature on Mobile App | Yes |
Commodity Offerings:
| Data | eToro | |
|---|---|---|
| Crude Oil Trading | 5 | |
| Natural Gas Trading | 0.05 | |
| Silver Markets | 5 | |
| Platinum Trading | 35 | |
| Copper Trading | 2 | |
| Soybean Contracts | No | |
| Corn Markets | No | |
| Gold Markets | 45 | |
| Lithium Markets | Yes |
Stock Trading Fees:
| Data | eToro | |
|---|---|---|
| Apple Shares | Zero | |
| Amazon (AMZN) Shares | Zero | |
| Invidia Shares | Zero | |
| META Shares | Zero | |
| Ford Motor Co Shares | Zero | |
| Alphabet (GOOGL) Shares | Zero | |
| BP Shares | Zero | |
| Tesco Shares | Zero | |
| Barclays Shares | Zero | |
| Lloyds Shares | Zero | |
| Adobe (ADBE) Shares | Zero | |
| Microsoft (MSFT) Shares | Zero | |
| Nvidia (NVDA) Shares | Zero |
Index Trading Fees:
| Data | eToro | |
|---|---|---|
| FTSE 100 Fee Structure | 0.015 | |
| S&P 500 Fee Structure | 0.0075 | |
| Dow Jones Fee Structure | - | |
| Nasdaq Fee Structure | 0.01 | |
| CAC 40 Fee Structure | 0.02 | |
| DAX 30 Fee Structure | 0.02 | |
| Nikkei 225 Fee Structure | 0.01 | |
| Euro Stoxx 50 Fee Structure | 0.03 |
Cryptocurrency Trading Fees: Maker-Taker-Spread
| Data | eToro | |
|---|---|---|
| Bitcoin Fees | 0.75%, 1.25%, Up to 3.5% | |
| Ethereum Fees | 0.75%, 1.25%, Up to 3.5% | |
| Ripple Fees | 0.75%, 1.25%, Up to 3.5% | |
| Binance Coin Fees | 0.75%, 1.25%, Up to 3.5% | |
| Cardano Fees | 0.75%, 1.25%, Up to 3.5% | |
| Solana Fees | 0.75%, 1.25%, Up to 3.5% | |
| Polygon Fees | 0.75%, 1.25%, Up to 3.5% | |
| Dogecoin Fees | 0.75%, 1.25%, Up to 3.5% | |
| Chainlink (LINK) Fees | 0.75%, 1.25%, Up to 3.5% | |
| Polkadot (DOT) | 0.75%, 1.25%, Up to 3.5% | |
| Avalanche (AVAX) | 0.75%, 1.25%, Up to 3.5% |
Available Trading Platforms:
| Data | eToro | |
|---|---|---|
| cTrader Desktop App | No | |
| cTrader Web Interface | No | |
| Mirror Trader Platform | No | |
| ZuluTrade Integration | No | |
| MT4 Desktop Interface | No | |
| MT4 Web Platform | No | |
| MT5 Desktop App | No | |
| MT5 Web Interface | No | |
| Tradingview | No | |
| Proprietary Desktop Software | No | |
| Proprietary Web-based Platform | No | |
| Mac-Compatible Platform Options | No | |
| Sirix Trading Platform | No |
Education Resources:
| Data | eToro | |
|---|---|---|
| Education Offerings | Yes | |
| Webinar Offerings | Yes | |
| Platform Tutorial Videos | No | |
| Beginner-Level Trading Videos | Yes | |
| Expert-Level Trading Videos | Yes | |
| Tutorial guides | Yes | |
| Terminology Glossary | Yes |
Customer Support Options:
| Data | eToro | |
|---|---|---|
| Callback Request Feature | No | |
| Email Support Availability | Yes | |
| Telephone Support | No | |
| Live Chat support | Yes | |
| Offered Support Languages | en, ar, chi(t/s), cz, dan, de, es, fi, fr, ne, nor, pol, rom, ru, swe, thai, viet, mal, it |
Research-Tools:
| Data | eToro | |
|---|---|---|
| In-Depth Professional Reports | Yes | |
| Social Trading Features - Social Newsfeeds | Yes | |
| Economic Event Calendar | Yes | |
| Daily Email With Trading Ideas | Yes | |
| Analysis From Trading Central (Recognia) | No | |
| Analysis From Delkos Research | No | |
| AutoChartist Tool | No | |
| Trader Sentiment Metrics | Yes | |
| Twitter-Based News Updates | Yes | |
| Facebook-Based News Updates | Yes | |
| Daily Market Commentary | Yes |
eToro Trading Platform: • Learn more about etoro acount and guides 📝
eToro General:
eToro Features:
eToro Account Management:
eToro Trading:
eToro Learning:
General eToro Information:
eToro Trading Tips:
eToro App and Platform:
Additional eToro Resources:
Disclaimer And General Risk Warning:
- ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
- ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
- ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
- ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
- ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
- ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
- ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
► Trade with caution and be warned!
Author & Expert Trader - Financial Analyst:
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