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upamfva 27 สิงหาคม 2565 , 14:44:09
ETORO DEMO ACCOUNT REVIEWED

We doubt you could have ever considered trading and have never heard of eToro. This broker is one of the most popular CFD trading platforms in the world and is arguably the most well-known by casual traders in 2022.To get more news about eToro Demo Account, you can visit wikifx.com official website.

As a leading broker, eToro offers more than 3,000 CFD instruments across a wide range of markets. However, not everyone is ready to jump headfirst into live trading. At eToro, investors can access the free eToro demo trading account instantly when they sign up today. We’ve thoroughly reviewed the eToro practice account so that all your questions are thoroughly answered.
Most brokers will offer a demo trading account of some variety, but they are not all the same. The eToro demo account offers the same trading platform that live traders will use, ensuring the most realistic experience possible. But understandably, you probably still have questions. So, we put as much time and effort into the demo account as we did in our review of eToro.
WHAT IS AN ETORO PRACTICE ACCOUNT?
An eToro practice trading account is a perfect replication of the same trading experience you would get live trading with eToro. The software is identical in every way and differs with the legitimacy of the funds you use. This practice account features the same markets, tradable instruments, and prices as the live trading account, and it is all available in real time. In essence, it’s exactly the same as real trading.

Investors will be able to make all the same trades, check the same charts, and watch the same markets as those using the platform for real live trading. You’ll also be able to copy other traders and witness how others trade successfully. The eToro trading account provides traders with $100,000 in virtual funds which is perfect for being able to see how the markets move, where a smaller amount would not overemphasize market movements.

The eToro demo trading account exists for a number of reasons. Firstly, it is great advertising for prospective traders – never traded before? Well, now you can, risk free. The 2nd reason is for novice traders to get the hang of basic trading techniques and to familiarise themselves with the trading platform. The final reason for a demo trading account is for both new and experienced traders to practice their strategies – investors can use the demo account to try and implement technical analysis techniques they haven’t used before, without risking any of their real money.

WHERE DO YOU DOWNLOAD THE ETORO PRACTICE ACCOUNT SOFTWARE?
One of the biggest advantages of using the eToro demo trading account is you do not need to download any additional software unless you wish to. Whether using your mobile device or a laptop/PC, you can access the eToro test account from within the browser window. The virtual account is a part of the eToro web trader and therefore requires no downloads. However, if you wish, you can download the eToro mobile app for iOS and Android devices – there is no such option for desktop users though who must solely rely on the web trader.

To access the eToro demo account software, simply login to your account on the eToro website – that’s it. From within the web trader, you can easily switch between the live and virtual accounts. The web trader supports most browsers and we can confirm full support for Firefox, Safari, Edge, and Chrome. Mobile users can download the eToro mobile app from within the App Store or Google Play Store, depending on their device type. Simply search for “eToro” from within the store to locate the app.

WHY USE AN ETORO PRACTICE ACCOUNT?
There are so many reasons to use the eToro demo account. Even experienced traders can benefit from the free trading account. For new traders, it is a chance to familiarise themselves with the platform’s layout, user-interface, and features. Moreover, once they are familiar with the platform, they can then use the demo account to practice basic strategies and, most importantly, they can make mistakes. Traders can do everything wrong without ever risking any real money.

There are benefits for experienced traders too. Firstly, they may be unfamiliar with the layout of the trading platform, perhaps they’ve spent a great deal of time on a third-party app like MetaTrader and haven’t used eToro before. Experienced traders won’t stick to the same strategies. They’ll often leverage trading bots and insights from other sources – these can be tested, risk-free in the eToro demo account. Traders can test out different technical analysis techniques or wade into a new market before investing in the real live markets.

Another major advantage of the eToro demo account is the ability to copy trade. This means that investors can identify and determine which investors are genuinely successful by following them with virtual funds, before choosing to invest real money to mimic their trades.

Much like the BDSwiss practice account, the eToro demo account should be used in conjunction with the series of educational tools provided by the broker. That way, new investors can put into practice what they learn in the Trading Academy.

WHAT CAN YOU TRADE ON THE ETORO FREE BROKER ACCOUNT?
Using the eToro demo account, traders can practice trading every single asset available to trade at eToro. That is more than 3,000 instruments including 2,713 stocks from a range of markets around the world, 33 commodities, 49 cryptocurrencies, 49 forex currency pairs that include major, minor, and exotics, and more than 250 ETFs. Investors can also trade with leverage for any of the CFD products – just like the live demo account you can reach leverage of up to 30:1.

The only significant limitation of the eToro demo account is that the experience simply cannot replicate the emotion required for live trading. New traders need to be careful not to feel too frivolous with the huge number of virtual currencies. This is because it is very different from spending $100,000 of virtual money and $200 of your very own money.