eToro Demo Account – Opening Process, Charges, Features, Benefits & more
Find out all details about eToro Demo Account here.
eToro has been a trend-setter in the industry of brokers. They know that trading in the market is a tricky business.
This is why it offers a practice or better known as a demo account to its customers.
eToro Virtual Trading provides customers with just the right features so that they can learn the market before losing their capital in it.
For all those individuals who are new to trading, eToro is the perfect match due to its standout feature of copy trading.
This risk-free trading platform will make you realize the work you need to do for making money in the markets.
eToro Demo Account
eToro lets its customers test their trading platform with the help of a demo account before they begin with live trading.
A beginner can set their foundation by using eToro’s demo account while professionals can try executing complex strategies.
eToro’s feature of copy trading acts as a perfect go-to option for all kinds of traders as they can learn by looking at how real professionals trade.
As there is no major difference between eToro’s real and demo accounts, traders can directly dive into live trading once they believe they have learned everything necessary.
With unlimited access to virtual money, traders are open to trying out as many strategies as required.
The social trading tool is also a feature that the only eToro offers, making it much more beneficial.
The updated news feed along with insider tips and predictions prepares the trader for live trading in the future.
Open Demo Account Now! – Zero Commission on Trades
eToro Demo Account Features
The features of eToro’s demo account are just as amazing as its live account.
The demo account is in no way a downgraded version of the actual trading platform. Several features make eToro one of the best accounts for traders.
Let us look at them individually:
- Can copy trades from top-performing investors.
- Access to investors’ portfolios and performances over the past few months.
- A large variety of assets to trade from stocks, crypto, commodities, currency, indices, and ETFs.
- Extremely simple user interface.
- Feature to undertake different trades such as stop loss and leveraging.
- Real-time trends can be analyzed with the help of advanced analyzing tools.
- A social trading tool so that traders can be updated with news at all times.
- Ability to initiate a conversation with top traders from across the globe.
- Easy switch-over between real and virtual portfolios.
- Availability of customer service at all times.
- Access to $100K virtual money can even be increased later on if the trader loses most of his balance.
- CFD trading is also allowed in the eToro demo account.
eToro Demo Account Charges
|Demo Account Details|
|Virtual Money||$ 5000|
The complete absence of account charges in the eToro demo account makes it a perfect fit for all traders.
An individual who signs up on eToro’s virtual trading platform for a demo account has free access to all the features.
There are no charges at all that a trader has to pay while opening the account, trading on it, or while closing the account.
Along with this, there is no time-bound period on the demo account either. Several companies in the industry provide demo accounts that are time-bound in nature.
eToro’s demo accounts have no time limitation at all. Thus, a trader has lifetime access and unlimited virtual money without paying a single penny.
How to open eToro Demo Account?
Simple and effortless would be our two words for describing the process of opening an eToro demo account.
Follows these straightforward steps thoroughly so you can be the trader that newbies copy their trades from one day:
- Visit the eToro official website.
- On the landing page itself, you will find the word “Trading” in grey on a white background.
- As soon as you scroll over the word, a drop-down list will open up. The 5th item on the list is “Demo Account”.
- Once you click on it, you will be headed to the demo account page.
- On the left-hand side, you will find the words “Try it now” written on a grey rectangle. Click on it.
- You will then be redirected to a page that will ask you for a username, email, and password.
- Once you fill the details out, do not forget to tick on both the condition boxes as it is important to do so.
- If this process feels tedious, you can directly choose to sign up through your Facebook or Google account.
- Once your account dashboard opens up, switch to “Virtual Portfolio” and start trading as per your strategies.
Advantages of eToro Virtual Trading Platform
The number of advantages of opening an eToro Account is just as many as the amount of virtual money you receive. Well, the virtual money you receive is $100K, thus you can understand what we exactly mean.
Let us look at a few of the most fascinating advantages of an eToro Demo Account
- Can create conversations with top-performing traders while copying their trades.
- The effortless process to create the demo account.
- A large lump sum of $100K as virtual money.
- No time limit on the duration of the account.
- A demo account can be credited with more money up to the maximum limit of $100K at any time.
- Availability of ready-made portfolios to make the learning process easier.
- A social feed feature so that users can always be updated with the real-world news and then trade accordingly.
- Option to transfer the same virtual portfolio to a real account whenever the trader is ready.
- A completely free service.
- Easy process to place orders.
eToro Demo Account – Conclusion
Demo Accounts make life much easier when individuals start live trading after they have established their foundations on a demo platform.
eToro helps its customers do this while giving them a perfect replica of a real account.
The unlimited access to virtual money along with help from professional traders makes eToro the ideal platform for investors.
eToro provides its customers with self-guided tools that are completely cost-free for them.
These features combined with an intuitive user interface make eToro the perfect virtual trading platform.
If you are looking for an all-in-one platform to learn to trade, we think eToro serves the purpose extremely well.
eToro Virtual Trading Account – FAQs
Here is the list of FAQs related to the eToro Virtual Trading Here –
Does eToro provide a Demo Account?
Yes. eToro provides its customers a demo account where they can make all kinds of trades without paying a penny.
The demo account can be used for an unlimited time without paying any costs like maintenance.
It is a completely reliable and secure trading platform.
How to Set up an eToro Demo Account?
To create your own trading account, head to the official eToro website. On the website, you will find “Trading” written in grey on a white background.
A drop-down list will open where you need to click on “Demo account”.
Once you are headed there, click on “Try it now” and fill in your details.
Switch to “Virtual Portfolio” and your demo account will be open and ready.
Is eToro’s Virtual Trading Platform Free?
Yes. eToro’s virtual trading platform is completely free for all customers.
None of the traders have to pay for any charges on the platform.
There will not be a single change in your bank account balance concerning eToro’s Demo Account.
What are the Fees of the eToro Demo Account?
eToro does not charge its customers any fees for any trades.
Whether we talk about account opening fees or trade charges, none of them are levied in eToro’s demo account.
This makes trading hassle-free and inexpensive for all traders.
Is AMC levied on eToro Virtual Trading Platform?
No. eToro’s demo account is a completely affordable platform for individuals as there is the complete absence of charges.
AMC is also a kind of charge and thus, it is not levied on eToro’s virtual trading platform.
Is the eToro Demo Account the best?
Yes. We cannot deny the fact that eToro’s demo account comprises all the necessary features of a trading account.
With eToro’s demo account, a trader gets the same feel and exposure that he would receive in a live account.
eToro is the right broker to begin your trading journey with.
What Documents are required for eToro’s Demo Account?
None! Yes, you read that correctly.
You do not need a single document to create eToro’s demo account. The only prerequisite is an Email ID.
This is a major selling point for eToro’s demo account as it makes the process completely easy.
Is PAN required for Opening an eToro Demo Account?
No. The PAN card is not required for opening an eToro demo account.
You only need an Email ID to create your eToro account.
This way, you can make an account while being anywhere in the world. Well, as long as you have internet access.
Does eToro Charge Demo Account Opening Fees?
No. Charges and fees are completely absent when it comes to eToro’s demo account.
A trader does not have to bear any Account Opening Fee in the beginning as this process is completely free of cost.
How much Virtual Money do you get in an eToro Demo Account?
eToro offers more than enough virtual money for you to learn to trade as long as you need to.
With initial funding of $100K, you have unlimited access to several stocks of different companies.
You can even ask customer support to refund your account if you reach a low balance.
Open Demo Account Now! – Zero Commission on Trades
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