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 | GMG Rating | More Info | Risk Warning |
|---|---|---|---|---|---|---|
 | £10,000 | 12 weeks | 13,500 | See Demo | 69% of retail investor accounts lose money when trading CFDs with this provider | |
 | £10,000 | 12 weeks | 13,500 | See Demo | 74% of retail investor accounts lose money when trading CFDs with this provider. | |
 | £200-£50k | 60 days | 20 | See Demo | 75.3% of retail investor accounts lose money when trading CFDs with this provider | |
 | £10,000 | No limit | 17,000 | See Demo | 69% of retail investor accounts lose money when trading CFDs and spread bets with this provider. | |
 | £40,000 | No Limit | 2,000 | See Demo | 80% of retail investor accounts lose money when trading CFDs with this provider. | |
 | £10,000 | No limit | 12,000 | See Demo | 68% of retail investor accounts lose money when trading CFDs with this provider | |
 | $100,000 | 20 days | 1,000+ | See Demo | 65% of retail investor accounts lose money when trading CFDs with this provider | |
 | $1m | No limit | 7,000 | See Demo | 60% of retail investor accounts lose money when trading CFDs with this provider | |
 | $100,000 | No limit | 2,976 | See Demo | 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 | |
 | £100,000 | 30 days | 2,100 | See Demo | 75% of retail investor accounts lose money when trading CFDs with this provider | |
 | £200,000 | 14 days | 3,981 | See Demo | 66.95% of retail investor accounts lose money when trading CFDs with this provider |
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