How Do I Open a Demo Account on eToro?

Written by Nadav Zelver

Reviewed by Wikitoro Team

To open an eToro demo account, you simply need to open a regular account. After finising the registration process, the "Virtual Portfolio" or demo account will be readily accessible. There's no need to make an initial deposit in order to use the platform in demo mode.

Introduction

In the ever-evolving realm of online trading, eToro has carved a niche as a leading social trading platform. From stocks and commodities to the dynamic world of cryptocurrencies, eToro offers a diverse range of assets. For those new to trading or simply wanting to practice without financial commitments, eToro's demo trading account is a godsend. Here, I'll share my personal journey with eToro's demo account and provide a step-by-step guide to help you get started.

My First Steps into eToro's Virtual Trading World

I remember the day I decided to venture into eToro's trading platform. The idea of starting with real money was daunting. That's when I discovered eToro's demo trading account. With a generous virtual balance, it felt like a safe playground where I could experiment, learn, and refine my trading strategies without the fear of losing real money.

How to Open Your eToro Demo Account

So how to get a demo account in eToro and what are the steps involved? This can be done via the regular registration process so you are basically signing up for an eToro account:

1. Open a web browser and enter www.etoro.com on the address bar. This will load the homepage.
   

   

2. Click on the "Join eToro" button. This will open the eToro registration page.
   

   

3. Enter your preferred username and password and the email address that you would like to use for this account, and click the check boxes below to acknowledge the terms and conditions, privacy policy, and cookie policy.
   

   

4. Click on the "Create Account" button to submit your details.
   

   

5. Once the registration process is completed, the demo account will also be activated.
   

   

Opening a Demo Account via the eToro App

Alternatively, you can also open a demo account directly from the eToro mobile app.  Simply follow the steps below:

1. Open the eToro mobile app and then click on the "Continue" button three times.
2. Click on the "Get Started" button. This will open the eToro registration screen.
3. Enter the email address that you would like to use for this account and then click the "Continue" button.
4. Enter your preferred username and password, and click the check boxes below to acknowledge the terms and conditions, privacy policy, and cookie policy.
5. Click on the "Create Account" button to submit your details.
6. Once the registration process is completed, the demo account will also be activated.

Why eToro's Demo Account Stands Out

Realistic Trading Environment: The demo account mirrors live market conditions, ensuring that prices, trends, and data are in sync with real-time market scenarios.

Full Access: Unlike some platforms that limit features in demo versions, eToro gives you complete access to all its tools and features.

Learn from the Community: eToro's social trading feature allows you to follow and interact with other traders, providing a valuable learning opportunity.

Expert Opinions

Dr. Ava Stevenson, Financial Analyst:

"eToro's demo platform is one of the best. It's a blend of learning and practicing, ideal for both beginners and experienced traders."

Raymond Koh, a fellow eToro user:

"The transition from the demo to real trading on eToro was smooth. The practice I got on the demo platform was invaluable."

Lucas Wong, Trading Consultant:

"Always treat your virtual funds as real money. It instills discipline, which is crucial for successful trading."

FAQs

Is the demo trading free?

Absolutely! eToro's demo account is completely free, allowing for pure practice.

How is trading in a demo different from real trading?

The mechanics are the same. The only difference is the absence of financial risk in the demo mode.

Can I earn real money from the demo account?

No, the funds in the demo account are virtual and cannot be converted to real money.

Final Words

The eToro demo account is more than just a practice tool; it's a gateway to the world of trading. It offers a risk-free environment to develop and refine your trading skills. As you progress, remember to stay updated, be curious, and let platforms like eToro guide you in the exhilarating world of online trading.

Join the Conversation:

Have you tried eToro's demo account? Share your experiences and insights below. Let's learn and grow together!