eToro's demo trading accounts lets you practice investing with a single click
Account: eToro Demo Account
Description: eToro' demo account lets you trade with $100k virtual money on nearly 3,000 markets with no time limit. 61% 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
Is eToro's demo account any good?
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 and 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.
After going round the houses for ages I managed to find a toggle at the bottom of the page that lets you switch between live and demo trading.
Once done, it was pretty good – almost exactly the same as the live platform but paper trading.
Pros
- Switch easily between live and paper
- Commission-free trading
- Same as the live platform
Cons
- Demo hidden away in link
- No options trading in the UK
- No smaller caps stocks
- Pricing (3.5)
- Market Access (3.5)
- Online Platform (1)
- Customer Service (4)
- Research & Analysis (4)
Overall
3.2
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
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