In this chapter of the complete eToro trading guide, we will start with the basics, i.e. the registration. We will see step by step how to sign up for eToro free of charge and how to select the demo account to practice without making any deposit.
The first thing to do is to access the eToro page and then click the “Sign Up Now” button.
Entering the platform
Once you click “Create account”, you will enter the platform where you will see a welcome message on top of it, inviting us to click the “Complete Profile” button (located just to the left) to complete your registration. At first this is not necessary, so for now we continue our exploration of the platform and we will think about the profile later (we will talk about it at the end of this page).
Clicking the small x at the top right closes the welcome message and just to the left, the button “Complete Profile” can be found there. Otherwise, just below is a very interesting button.
eToro demo account
That little button with the inscription “REAL” means that at that moment, the platform is in real mode. By clicking the same button, you can see another option (see below).
Selecting “virtual wallet” switches to the demo account. With the eToro demo account you can practice with a portfolio of virtual funds without risk for the pleasure of testing the platform or learning how to use it before making any deposits.
Once you have selected the “virtual wallet” option, a window opens which announces that you are switching to your virtual wallet and that the trading activity will be carried out with virtual money. To complete the transition to the virtual account, just click on “Go to the virtual portfolio”.
Once you click on that button, you go to the demo account. Now we can take a look at the platform.
In the second chapter of the guide, we will analyze every detail of the eToro platform, which for now we unveil with a small overview. As you can see, its graphics are very pleasant and show the symbols of each tradable financial instrument as well as all its data in real-time including a small graph and the level of sentiment. On the left the entries to access the various sections of the platform, which we will discover in the following chapter.
Below, we highlight the assets of the virtual portfolio with which to trade in a risk-free practice mode.
Completing the eToro verification
If you want to start trading real money continuously, you will need to complete the verification. This is just a few pieces of data you need to start trading with real money. As specified in the message, when you sign up, you can trade with a real account with a capital of less than 2000€.
By clicking continue, you will go to the verification form which also includes the CySEC questionnaire.
eToro is :
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results.
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.