To use eToro's demo account, sign up on the eToro platform. Once registered, select the "Virtual Portfolio" option. This allows you to practice trading with virtual funds.
76% 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.
When I first stumbled upon eToro, I was intrigued by its reputation as a global social trading platform. But, like many, I was hesitant to invest real money without a test run. Enter the demo account—a haven for beginners like me to explore the world of trading without financial risk.
My journey with the eToro demo account began with:
The first time I explored the demo dashboard, it felt like standing in the cockpit of a futuristic spacecraft:
I still remember the thrill of making my first simulated trade:
This is where eToro truly shone for me:
Despite it being a simulated environment, I approached it as if every virtual dollar was real.
I quickly learned the importance of discipline and setting boundaries in trading, making sure not to get carried away with the 'unreal' nature of the funds.
After gaining confidence, I toggled between the demo and real modes. Strategies I honed in the demo were adapted and refined for the real world, ensuring I was prepared for actual market dynamics.
From my experience:
Over time, I noticed this: While the demo is fantastic, it's not an exact mirror of the live market. Factors like slippage and order execution speed can differ.
Here are some of the tips and best practices that I can give based from my journey in using eToro's virtual portfolio:
Using eToro's demo account was one of my wisest decisions. It equipped me with knowledge and confidence. For anyone venturing into the world of trading, I'd recommend starting with the demo mode. And when you feel ready, take the leap into real trading, but always with caution and continuous learning.
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. 76% 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. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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.