eToro Demo

Introduction

An eToro demo account is a simulated online trading account that will allow you to apply and practice your trading strategies and techniques without any risk of losing real money. This is a great tool particularly if you are a new user who wants to get a feel for the platform and test out your trading skills before trading with real money.

For starters: All traders of eToro who have an active account are also given access to a demo account. That means if you are already registered with this broker then you can immediately use a practice account.

Via this virtual portfolio, users have the liberty to browse through the platform and test its features risk-free since the demo account does not utilize the client's funds.

And speaking of test, here's an extensive review that we've done to further explore eToro's pros and cons.

Does eToro Offer a Demo Account?

Yes. eToro provides a demo account to any user who has successfully registered an account.

Take note: There's no need for clients to request for activation of the demo account because this is automatic when a real account has been opened.

Demo Facts

• It is free to use and does not require any deposit of real money.
• It is identical to the real trading platform, so you can get a feel for how the platform works and what it looks like before you start trading with actual money.
• It is funded with a virtual balance of $100,000, which you can use to practice trading various assets.
• You can use it to test out different trading strategies and see how they perform without the risk of losing real funds.
• It is a great way for new traders to get familiar with the platform and the various trading tools and features that eToro offers.
• You can switch between a real account and a demo account at any time, allowing you to easily transition from practicing to trading with real money.
• It is a useful tool for learning and practicing, but it is important to remember that it is not the same as trading with real money and the performance of your trades in a demo account may not necessarily reflect the performance you would see in a real trading environment.

The $100,000 Virtual Money

So if there's a demo trading account, are you going to use real money? The answer to that is NO.

Since this is a virtual portfolio, it uses a separate virtual money and the account comes pre-loaded with free $100,000 credit.

How can you actually use this?
The virtual fund can be used to test out the platform or do practice trading without risking money or capital. Users can request to decrease the virtual balance on the account to as low as $2,000 if preferred.

Here is a screenshot on how the local currency can be changed via the web-based platform:

By default, the eToro demo account's currency is in US Dollars but users can have the option to choose from any of the following currencies:

Take note:
When another currency is selected, the $100,000 virtual fund will be converted to the chosen currency. The virtual fund's value may fluctuate because it changes in real time based on the current exchange.

For example:
If you chose Euros, the $100,000 demo fund will be converted to €82,587.50 based on the exchange rate of 1 USD = 1 EUR.

Validity and Expiration

Fact: eToro's demo account does not expire.

Since it does not have a specific expiration date, you can use it for as long as you like. However, it is recommended that you use the demo account as a learning and practice tool, rather than relying on it as a long-term trading solution.

Additionally, it is worth noting that the virtual balance in your demo account may eventually run out. This means that you may need to refill this balance if you want to continue practicing your trades.

Adding Virtual Funds

What if the virtual equity has reached $0? What happens next? Once the virtual funds have all been used up, you will need to contact the customer support team and request for it to be topped up with your desired amount.

You can do this by opening a ticket on eToro's Customer Service Center page and inform them the amount that you would like to top-up to your virtual portfolio. A maximum of $100,000 additional virtual money can be credited to the demo account.

In general, demo account top-ups are usually allowed but this request is still subject for approval.

Can You Reset the Demo Account?

Resetting an eToro demo account including the trading history and stats is not possible.

This broker doesn't offer the option to restart the virtual portfolio like a new one because it is linked directly the real portfolio.

Alternative option: new account
The only other option is to just open another eToro account but with a different username and email address as this will create a new virtual portfolio as well that has no trading history and stats, and will have the initial $100,000 virtual equity.

The Mobile App Version

eToro's demo account is also accessible via their mobile apps for iOS (iPhone and iPad) and Android.

What's the difference?
The demo features on the web-based version is similar to the mobile app version and the only difference is that the interface has been adjusted for smaller screens.

eToro Demo Account Login

The login for the eToro demo account is the same as the login for the real account or real portfolio.

When accessing the web-based platform, go to www.etoro.com/login to log in.

For eToro iOS and Android users, open the app and enter the login credentials (username or email and password).

Here's an alternative:
You can also log in via Apple ID, Facebook or Google if your account has been linked to the eToro account.

Method of Accessing

So how do you access the demo account? Here are the basic steps to follow in order to get into the eToro demo account:

If you’re using the web-based platform, follow these steps:

1. Log in to the eToro platform.

   

2. Once the platform has loaded, find the dropdown menu below the username and switch from "Real Portfolio" to "Virtual Portfolio".

   

3. A pop-up will appear notifying that the account will be switching to the Virtual Portfolio. Click the "Go to Virtual Portfolio" button.

   

4. The account is now in demo or practice mode.

   

If you’re using the mobile app (iOS and Android), these are the basic steps:

1. Log in to the eToro app.

   

2. Once the platform has loaded, find the dropdown menu below the username and switch from "Real Portfolio" to "Virtual Portfolio".

   

3. A pop-up will appear notifying that the account will be switching to the Virtual Portfolio. Click the "Go to Virtual Portfolio" button.

   

4. The account is now in demo or practice mode.

   

eToro Frequently Asked Questions (FAQ)

Below are commonly asked questions about eToro's demo account the relevant answers.

Is the eToro Demo Free?

eToro's demo trading account is free and can be accessed by any user of eToro who has an active account.

There are no prior requirements for a user to be eligible for the virtual portfolio because this is an unrestricted feature.

Remember: One does not have to make a deposit in order to use the demo. Using the live account or real portfolio for trading however will require a deposit.

Can I Switch Between a Real and a Demo Account on eToro?

Yes, you can switch between a real and a demo account on eToro. If you already have a real account on eToro, you can switch to a demo account by logging into your account and selecting the "Virtual Portfolio" option from the main menu. This will allow you to access your demo account and start practicing your trading skills without risking any real money.

If you don't have a real account on eToro yet, you can open a demo account by going to the eToro website and clicking on the "Try Demo Account" button. This will take you to a sign-up page where you can enter your personal details and create a demo account. Once you have completed the sign-up process, you will be able to access your demo account and start practicing your trading skills.

Overall, switching between a real and a demo account on eToro is a simple and straightforward process that allows you to test out the platform and its features without risking any real money.

How Is an eToro Demo Account Different from a Real Account?

An eToro demo account is different from a real account in several key ways. The main difference is that a demo account allows you to practice your trading skills without risking any real money. This is because a demo account is funded with virtual money, which you can use to make trades and test out different trading strategies without any financial risk.

Another key difference between a demo and a real account on eToro is the level of access to the platform's features. A demo account allows you to access most of the same features as a real account, including the ability to trade a wide range of assets, copy other traders, and use the eToro trading platform. However, some advanced features may not be available on a demo account, such as certain trading tools or the ability to trade on margin.

Overall, a demo account on eToro is a useful tool for practicing your trading skills and testing out different strategies without risking any real money. It is a good way to familiarize yourself with the eToro platform and its features before you start trading with real money.

Can I Fund an eToro Demo Account with Virtual Money?

Yes, you can fund an eToro demo account with virtual money. When you create a demo account on eToro, it will automatically be funded with a certain amount of virtual money that you can use to practice your trading skills and test out different trading strategies. This virtual money is not real and cannot be withdrawn or traded for real money. It is simply a tool that allows you to practice your trading skills without any financial risk.

You can use the virtual money in your demo account to make trades on a wide range of assets, including stocks, currencies, commodities, and more. You can also use the eToro trading platform to access a variety of trading tools and features, such as the ability to copy other traders or use the platform's social trading features.

Overall, the ability to fund your eToro demo account with virtual money is a valuable feature that allows you to practice your trading skills and test out different strategies without risking any real money. This can be a valuable learning experience for anyone who is new to trading or wants to improve their skills without any financial risk.

Can I Lose Real Money on an eToro Demo Account?

No, you cannot lose real money on an eToro demo account. A demo account on eToro is funded with virtual money, which is not real and cannot be traded for real money. This means that you can use your demo account to practice your trading skills and test out different strategies without any financial risk.

How to Open a 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:

Signing up via the website:

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

   

2. Click on the "Join Now" 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 then click the "Create Account" button.

   

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

Signing up via the mobile app:

1. Open the eToro mobile app and click on "Sign Up". This will open the eToro registration screen.

   

2. Enter your preferred username and password and the email address that you would like to use for this account and then click the "Create Account" button.

   

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