eToro Demo Account: Opening & Key Information (2023)

eToro is probably the most famous broker and one of the most used copy-social trading platforms out there.

Anyway, the following article is going to show you a step-by-step guide on how to open an eToro demo account and a detailed list of all the features and perks.

The main features of the eToro Demo Account include:

• Unlimited
• Free to open
• Easy to get started
• $100,000 virtual currency to invest
• All live account markets and assets available
• Switch to live on the same platform

Round-Up

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77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

eToro Demo Account Opening Tutorial: Step by step procedure

Step 1: Visit the eToro’s website

First, head to the eToro webpage. You will be redirected directly to the registration form.

Note that there may be scams that copy the broker’s site. Follow the link to get the correct one.

Visit eToro
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2: Fill the registration form

You can see the registration form in the image below. Here you should insert your username, email and choose a password. Then click ‘Create Account’.

Step 3: Verify your profile

eToro will send you a confirmation email to the address you’ve provided during step two of the registration process with a link to click to confirm your account.

The click will both verify your identity and redirect you to the eToro webtrader platform.

eToro will send this email instantly, so if you do not receive it, you may want to check your spam or junk mail folders, since your provider may mistake it for an unwanted communication.

Step 4: Login into the demo account

Once you have logged in for the first time, you will finally be taken to your new eToro profile.

You will notice that your initial balance will be 0$ in the ‘live’ section of your profile.

Click on ‘Switch to Virtual’ below ‘Deposit Funds’.

At this point, eToro will notify you are about to switch to the virtual portfolio via the pop-up message below. Confirm this by clicking the blue ‘Go to Virtual Portfolio’ button.

You can use the same login details to manage both your eToro demo profile and live eToro profile and interchange between the two.

eToro’s demo account features

Here we take a closer look at some of the key eToro demo account features to provide the most detailed insight possible.

The eToro demo account is very simple to open with just a valid email address needed. The account itself is unlimited and different accounts can be opened but with a different name and email. There are more than 3,000 tradable markets and $100,000 in virtual funds is provided to trade with. The eToro proprietary platform can be used.

Copy trading and social trading can be done through eToro, which is the biggest copy and social trading platform and can help you learn more about trading. Access is provided to the eToro community and you can discover all the best eToro traders you can copy, manually or automatically. It is also possible to diversify quickly and easily by investing in eToro CopyPortfolios.

Differences between live and demo eToro’s accounts

The eToro standard account is available as a demo account. The main difference between demo and live trading is slippage. Slippage is the difference between your initial requested order price and the actual order’s execution price. This happens due to the fast-changing nature of prices. Slippage may occur in live trading but does not occur on a demo account as all funds used are virtual.

The eToro demo account is unlimited. For Live accounts, there is a $10 fee if you’re inactive for 12 months.

How to switch to a live account

It is possible to switch to a live account without losing your demo account. This will remain active. To open a live account you will need to show proof of your identity (Passport, ID, or Driver’s Licence) and proof of your residence (Bill utility, or bank statement) to become verified by the broker. Depending on your country, the broker may also ask you to fill out a questionnaire about your trading knowledge.

Once you have completed eToro verification, you can make your first deposit and start trading. The eToro minimum deposit depends on your location, it goes from $10 to $200.

How to best use your eToro demo account

Here are a few tips on how to get the most out of your eToro demo account.

• Open the same position size you intend to live trade with
• Treat money as if it were real
• Practice daily in order to improve your skills
• Try to interact with an eToro Professional Investor
• Try out the copy trading functions of the eToro platform

Pros and cons of the eToro Demo Account

Pros:

• Unlimited
• User-friendly platform

Cons:

• No cons

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.