eToro does have a demo account, but it’s actually very annoying. eToro has this really irritating habit of ushering you along to things you don’t want to do. I really want to like eToro, as everyone else does, but every time I try to use it, I feel like I’m trying to get through to the British Gas call centre. At every turn, it’s “computer says no”.
I review brokers for a living and I’ve now tried to open two different eToro demo accounts with two different emails. Both times, when I’ve tried to place a demo trade it’s asked me to deposit real money and try and fully verify me for a live account. So both times I have given up. Maybe this is why eToro has so many real accounts because it’s impossible to use the demo and you get salami’d into depositing money to trade.
That aside, once you are up and running, you can toggle between trading on a live account and practising on a demo account. You just need to click the “switch to virtual account link at the bottom of the app or website when logged in. If you can find it…
Update: I actually found it. It’s a line of text at the bottom of the screen that allows you to switch from real to virtual. So maybe it’s not the hardest demo account to try but the easiest. Sometimes, you can’t see the wood for the trees (or should that be the other way round?).
eToro versus other demo trading accounts
| Demo Account | Virtual Balance | Demo Length | Demo Markets | Customer Reviews | More Info |
|---|---|---|---|---|---|
 | 10,000 | 84 Days | 13,500 | (Based on 124 reviews) | See Platform 71% of retail investor accounts lose money |
 | 10,000 | 84 Days | 5,000 | (Based on 16 reviews) | See Platform 76% of retail investor accounts lose money |
 | 200-50,000 | 60 Days | 20 | (Based on 86 reviews) | See Platform 75.3% of retail investor accounts lose money |
 | 40,000 | No Limit | 2,000 | (Based on 144 reviews) | See Platform* 80% of retail investor accounts lose money |
 | 1,000,000 | No Limit | 7,000 | (Based on 934 reviews) | See Platform 60% of retail investor accounts lose money |
 | 10,000 | No Limit | 17,000 | (Based on 678 reviews) | See Platform 69% of retail investor accounts lose money |
 | 10,000 | No Limit | 12,000 | (Based on 148 reviews) | See Platform 70% of retail investor accounts lose money |
 | 100,000 | 20 Days | 1,000 | (Based on 73 reviews) | See Platform 65% of retail investor accounts lose money |
 | 100,000 | No Limit | 2,976 | (Based on 277 reviews) | See Platform 51% of retail investor accounts lose money |
 | 100,000 | 30 Days | 2,100 | (Based on 136 reviews) | See Platform 75% of retail investor accounts lose money |
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