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.
| 🏷️ Demo Account Name | Virtual Portfolio |
| ⏳ Expiration | Unlimited |
| 🖥️ Platform | Web, iOS, Android |
| 💰 Virtual Fund | $100,000 |
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.
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.
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:
- Open a web browser and enter www.etoro.com on the address bar. This will load the homepage.
eToro homepage - Click on the "Join Now" button. This will open the eToro registration page.
eToro registration page - 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.
eToro registration form - Once the registration process is completed, the demo account will also be activated.
Signing up via the mobile app:
- Open the eToro mobile app and click on "Sign Up". This will open the eToro registration screen.
Sign up link on eToro mobile app - 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.
eToro mobile app registration screen - Once the registration process is completed, the demo account will also be activated.
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.
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.
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:
| North America | Europe | Asia Pacific | Latin America | Africa |
|---|---|---|---|---|
| US Dollar | Euro | NZ Dollar | Mexican Peso | South African Rand |
| Canadian Dollar | Pound Sterling | Japanese Yen | ||
| Swiss Franc | Australian Dollar | |||
| Norwegian Krone | Hong Kong Dollar | |||
| Swedish Krona | Russian Ruble | |||
| Turkish Lira | Chinese Yuan | |||
| Hungarian Forint | Singapore Dollar | |||
| Polish Zloty | ||||
| Czech Koruna | ||||
| Romanian Leu |
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.
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.
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.
Reducing Virtual Funds
You can also ask to reduce the funds in your virtual account if that's your preference. This request can be done by sending a ticket to the customer support department and indicating the specific virtual fund amount that you'd like to keep. Take note that you are only allowed to reduce the demo funds to as low as $2,000.
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.
Is There a Basic Platform Demo?
There is no actual "platform demo" or sample interface which can be accessed by non-registered users.
The closest alternative to this is the standard demo account or "virtual portfolio" which requires a user to be registered with eToro and is logged in to the platform to be able to access this feature.
Can You Trade Real-Time Stocks on eToro's Demo?
Yes. eToro's virtual portfolio displays live quotes and there's no difference on the prices of stocks and other instruments that are shown on the real portfolio.
If you will open the platform in demo mode, you will notice that the instrument prices are changing and the values are based in real-time market data.
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:
- Log in to the eToro platform.
eToro login page - Once the platform has loaded, find the dropdown menu below the username and switch from "Real Portfolio" to "Virtual Portfolio".
Switching to Virtual Portfolio in eToro's platform - A pop-up will appear notifying that the account will be switching to the Virtual Portfolio. Click the "Go to Virtual Portfolio" button.
eToro Virtual Portfolio switch notification - The account is now in demo or practice mode.
eToro web-based platform in Virtual Portfolio mode
If you’re using the mobile app (iOS and Android), these are the basic steps:
- Log in to the eToro app.
eToro mobile app login screen - Once the platform has loaded, find the dropdown menu below the username and switch from "Real Portfolio" to "Virtual Portfolio".
Switching to Virtual Portfolio in eToro mobile app - A pop-up will appear notifying that the account will be switching to the Virtual Portfolio. Click the "Go to Virtual Portfolio" button.
eToro mobile app Virtual Portfolio switch notification - The account is now in demo or practice mode.
eToro mobile app in Virtual Portfolio mode
Demo Account for UK Traders
eToro traders who are based in the UK can access the demo account just like any eToro client from another country.
There are no specific instructions for British clients and they can login to their virtual portfolio via the web-based platform or the mobile apps.
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.
How About the Demo Account for Traders From Other Countries?
The same thing applies for eToro traders who are based in any country such as Australia, Austria, Bahrain, Denmark, Finland, France, Germany, Saudi Arabia, Spain, Switzerland, United Arab Emirates and other countries they support.
A Demo Requires an Active Account - Did You Know?
As long as you are an eToro client, you can access the virtual portfolio through their web-based platform or the mobile apps.
How to Practice in Demo Mode?
Users in demo mode can use the virtual funds to practice trading on the eToro platform.
Via the virtual portfolio, clients can follow and copy other traders or execute trades on their own for training.
How Do You Copy Trade Using eToro Demo Account?
The steps in copying a trade via eToro’s demo account is the same as how it is done via the live account.
To copy a trade in practice mode, follow these steps:
- Open the eToro web-based platform or mobile app and login to the account.
eToro login page - Once the platform has loaded, locate the dropdown menu below the username and switch it to "Virtual Portfolio".
Switching to Virtual Portfolio in eToro's platform - This will open a pop-up with a notification that the account will switch to the Virtual Portfolio. Click the "Go to Virtual Portfolio" button to proceed.
eToro Virtual Portfolio switch notification - The platform will now be in demo mode. Click "Discover".
Clicking "Discover" on eToro - Scroll down and until you see the "Copy Top Investors" section. Click on the "View All" button.
Viewing all investors in the eToro platform - The platform will load a list of investors and a summary of their portfolios. Browse through these users and choose your preferred eToro trader by clicking on his or her profile.
eToro's Copy People page in demo mode - Once you have decided to copy a user’s trade, click on that user's "Copy" button and configure the trade amount.
Copying a trader in eToro in demo mode - After configuring the trade settings, click on the "Copy" button and wait for the trading results.
eToro Demo Video
Comparison of eToro Demo with Other Brokers and Exchanges
In the world of online trading, choosing a broker that offers a quality demo account can be critical to one's journey. Here, we'll compare the eToro demo account with the offerings from other known brokers and exchanges.
eToro vs Plus500 Demo
Both eToro and Plus500 offer non-expiring demo accounts, providing a valuable platform for new and experienced traders alike to practice without risking real money. They both offer full access to their platforms in virtual mode, enabling users to experience and interact with the trading interface exactly as they would in a real trading scenario. However, where eToro shines is with its unique social trading feature, which allows users to learn from and replicate trades from experienced traders in a simulated environment.
eToro vs Interactive Brokers Demo
eToro outperforms Interactive Brokers in the demo account arena. Interactive Brokers offers a free trial for 30 days, after which users can't access the demo account. In contrast, eToro's demo account has no expiry, allowing users to practice trading strategies and familiarize themselves with the platform indefinitely.
eToro vs IG Demo
Again, eToro's non-expiring demo account has a clear advantage over IG's 30-day limit. IG does allow users to request an extension, but this additional step could be seen as a disadvantage compared to eToro's straightforward, no-limits policy.
eToro vs Coinbase Demo
Coinbase does not offer a demo account, giving eToro a significant edge for those interested in crypto trading. With eToro's demo, crypto traders can practice trading strategies and familiarize themselves with the crypto market dynamics before risking their capital.
eToro vs Binance Demo
Binance offers a Futures' Mock Trading platform, providing a simulation for trading live cryptocurrency markets. However, this is limited to the Binance Futures and not available for other crypto trading services. eToro, on the other hand, provides full access to its crypto trading platform in demo mode, presenting a more comprehensive and simpler alternative.
eToro vs Robinhood Demo
Unlike eToro, Robinhood does not offer a free demo trading account, which can be a disadvantage for beginner traders looking to get a feel for the platform and practice trading without risk. eToro's non-expiring demo account is a valuable tool for beginner and experienced traders to hone their skills and strategies over time.
Overall, eToro's demo astands out with its non-expiring policy and accessibility to various trading services, providing a well-rounded and unlimited trading simulation for all kinds of traders. However, the choice of a broker should also depend on other factors such as fees, customer service, and the range of assets available for trading.
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.
User Testimonials
Listed below are the comments from eToro traders who have tested and used the demo account.
| 15/05/2023
⭐⭐⭐⭐⭐ Matthew N. says... "Having embarked on my trading journey with the eToro demo, I was pleasantly surprised by the realistic simulation and ease of navigation it provided. The platform offers a diverse range of financial instruments to trade, making it an exciting learning ground for trading beginners. The charts and indicators, while extensive, could use a more beginner-friendly tutorial. Also, the demo account starts with a preset amount of $100,000, which might not be representative of the trading capital a beginner might start with, potentially setting unrealistic expectations." |
| 09/03/2023
⭐⭐⭐⭐ Monica R. says... "I used the eToro demo for quite a while before I started live trading. The interface was slick, and the social trading aspect, allowing me to learn from and copy trades of more experienced traders, was a game-changer. That said, I did find the demo somewhat limited in terms of advanced analytics. For serious traders who require deeper insight into market trends, this could be a shortcoming. But despite these few drawbacks, it was an overall beneficial experience that helped prepare me for the world of live trading." |
| 26/02/2023
⭐⭐⭐⭐⭐ Patrick W. says... "The eToro demo was instrumental in building my confidence in trading. The opportunity to practice without real financial risk allowed me to experiment with various trading strategies. I appreciated the straightforward interface and the multitude of assets available for trading. Nevertheless, I found the transition from demo to live trading a bit jarring, mainly because of the different emotional implications when real money is involved. Furthermore, the eToro demo could improve by offering a more customizable starting balance to better simulate different levels of initial investment. Overall, it's a helpful tool for novice traders but could still use some improvements." |
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.
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 does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
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.