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.
eToro Demo Account Review
Name: eToro Demo
Description: eToro' demo account claims to let you trade with $100k virtual money on nearly 3,000 markets with no time limit. 51% 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?
I found it impossible to open a demo account with eToro and place some paper traders, so I can’t tell you if it’s any good I’m afraid. So, not being able to do something as simple as open a demo account when clicking on the button that says demo account, says all I want to say.
Pros
- Very popular
Cons
- Couldn’t open a demo account
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Pricing
(3.5)
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Market Access
(3.5)
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Online Platform
(1)
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Customer Service
(4)
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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.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
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