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eToro demo account

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
14h ago
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Independent

Does eToro provide a demo account?

If you're just getting started in the trading game, using a demo or virtual account is pretty much mandatory before putting any real money on the line. We put eToro under our microscope and examined whether they give you the opportunity to practice and get comfortable through a legit demo platform.

Great news, demo accounts are available at eToro. Read on to find out details about these paper accounts at eToro and take a look at key fees and services they provide.

Opening a demo account at eToro is straightforward
Gyula
Gyula Lencsés, CFA
Forex • Derivatives • Market Analysis

I did some heavy duty testing and analysis of the services of eToro with our analyst team by opening a real-money account with them. We put their account opening process under the microscope and these were our most important findings on using a demo account with them:

  • You can open a free demo account at eToro just as you would open a trading account.

  • Fees charged by eToro are Low. Read on to see the quality of their educational materials.

  • Visit our comprehensive eToro review for 2024 for the full scoop on their services and fees.

BrokerChooser score
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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

Opening a demo account at eToro

One of the smartest moves you can make as a new trader is taking advantage of a broker's demo account, also called paper trading. It allows you to paper trade with virtual funds until you get the hang of analyzing the markets, placing orders, testing strategies - the whole nine yards. All without that looming fear of accidentally blowing up your entire bankroll while you're still green.

If you sign up for the eToro demo account, - which by the way is free of charge - you will get acquainted with their trading software and platform setup in a completely risk-free environment. You can click around, experiment with different order types, play around with charts and tools - basically get a feel for their whole trading ecosystem before you dip your toes in the live markets.

When it comes to setting up a demo account, brokers typically give you two options. You can simply sign up for their demo platform right from the jump without opening a full-fledged live trading account first. Pretty seamless process usually. You provide some basic personal info, maybe proof of ID, and bam - you've got demo access to their trading platform.

Option number two requires an extra step. With some brokers, you actually have to open up a legitimate cash trading account with them first before you can activate the demo mode. So you'll go through the entire account opening process - providing MORE detailed personal/financial info, doing things like KYC checks, funding the account with real money, etc. And only once that full trading account is approved and operational can you then flip the switch to set up their demo platform.

Account opening interface at eToro

Fees and service quality at eToro

The fees that a broker charges for using their services are actually a big deal. Why? These fees are like an airline's baggage costs. If you are a frequent flyer, those baggage fees can really start nickel-and-diming you if you're not careful. The same principle applies to trading fees from your broker; the commissions, financing rates, custody fees, or inactivity fees, can start feeling like a million tiny little termites slowly nibbling away at your potential profits.

So our analyst team did some heavy duty testing and analysis of eToro's services to give you the full insider scoop. We went all-in by actually opening up a legit, real-money trading account, testing their services from account opening to customer service to actual trading. After going through the trenches as actual eToro clients, here is a rundown of their most important fees and services.

eToro in a nutshell: eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK's FCA and Australia's ASIC. eToro USA LLC does not offer CFDs, only real crypto assets are available.

eToro fees and service highlights

eToro fees class Low
eToro S&P 500 CFD spread 0.8
eToro withdrawal fee $5
Deposit methods Bank transfer, Credit/debit cards, eToro Money, Neteller, Skrill, Trustly, iDEAL, Przelewy 24, RapidTransfer, Klarna, Giropay
Minimum deposit $10
Platform tutorial videos Yes
Quality educational texts Yes
Webinars Yes

Get to know eToro and discover the best brokers for beginners

If you want the completely unfiltered truth about eToro, you gotta check out BrokerChooser's deep-dive eToro review for 2024. Our team goes to the deepest depths to analyze eToro from every conceivable angle, scrutinizing nearly 600 individual data points on the broker.

We dive headfirst into the actual eToro experience as real traders, open up legitimate trading accounts and execute live trades on their platforms.You know why? Because there's no better way to truly understand how a broker operates than by being an actual customer going through the trenches.

Alternatively, take a look at this ranking of the best brokers for beginners, put together by our analyst crew. This roundup is based on deep, extensive research into what makes a broker truly beginner-friendly. Discover how eToro stacks up against these best in class online brokers.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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Gyula Lencsés, CFA
Author of this article
Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.
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