Demo accounts are very popular with beginners. This allows both the broker and the trading in itself to try once without risk. But for the company’s demo account is a double-edged sword.
eToro Demo Account Overview
- The eToro Demo Account is available without a term
- The opening is fast or easier
- For a demo account broker serves as «advertising campaign»
- Trader at any experience level can benefit from a demo account
1.) Demo accounts and their benefits for Online Broker
«Caution, many users of our demo accounts make high profits and therefore want to soon open a real account». Or so advertise many brokers for their demo accounts. In fact takes this advertising and the desire of companies to express. Because they do not operate their play money accounts of pure philanthropy, but to win customers. Who has opened a demo account with us, so the calculus, remains true to ourselves as «real» customer. Only with real money accounts earn forex and cfd and Social Trading Broker as eToro money. They are financed mostly from the spread, ie the difference between purchase and sale prices. Therefore, many companies have limited the duration of their time demo accounts, sometimes even in just 24 hours.
Conclusion: For the broker a demo account is to understand even more than advertising action: It should attract customers who successfully act on a demo account and then open a live account with each broker. This benefited then from trading fees that must be paid to the trader — these include, for example, spreads and commissions.
2.) eToro Demo Account under the magnifying glass
All the more surprising is the promise of eToro, offer an unlimited time demo account. Theoretically could be thus play indefinitely without having to use real money ever. But the broker suspects probably not without reason that few traders want to trade permanently with play money. Whoever has success, wants to transform the also into real money. Most successful traders are therefore likely to succumb sooner or later the temptation to open a real money account. Who does not succeed is also not trade unlimited. If he does not take up losing the fun of action be play money is eventually depleted. This match money amounts at the beginning to 10,000 €, which is quite a while the Social Trading can pursue. Under certain circumstances, however, it might even be possible to increase this virtual capital after it has been consumed by turns to the customer of the provider.
Conclusion: eToro offers its customers a free, no obligation demo account with no maturity, enabling them to act in principle permanently, without having to use real capital. Given the fact that the available virtual capital of € 10,000 quite high fails, traders should certainly can use your eToro demo account for a while — and even if they have grounded their account, there is still the option of the customer to an increase of commercial capital to ask.
3.) How to open a demo account at eToro?
Conclusion: Especially for inexperienced traders, it can be quite difficult to open the eToro demo account — particularly because forwards no special button to a demo account opening. Trader must instead first register with their name, email address and preferred password and then open by its client area the eToro WebTrader 2.0. Here there is a button labeled «Demo Account» through which the trade can be started with virtual capital.
4.) What has eToro really to offer the customers?
Now Before opening a demo account arbitrarily the next best social trading broker, you should deal first of all with the offer of eToro. The Social Trading Broker founded in 2007, has its headquarters on the European island of Cyprus and thus is regulated by the Cyprus Securities and Exchange Commission (CySEC). The state regulatory Cyprus was established with the accession of small island to the EU to life and distinguishes itself by a reputable and trustworthy work from.But beyond eToro brings even registered with the BaFin, which can significantly decrease the likelihood of fraud at eToro. In addition to its reputable safety environment eToro also stands out through its customer-friendly offer: After a minimum deposit of 200 € Trader can follow the CFD trading of numerous financial products, which include not only foreign exchange also includes a range of raw materials. The maximum leverage lies at 400: 1, which promises a profitable CFD trading on the German-language trading platform. However, since only experienced traders with a high level of background knowledge should act on such a high leverage, is not only an eToro demo account, but also an area with Academy webinars eKursen and written guidance provided to offer the Cypriot company.
Conclusion: eToro convinces primarily because of its headquarters on the European island of Cyprus since its establishment in 2007 by a CySEC-regulation as well as through a registration with the German BaFin. In addition, customers of the experienced producer can trade from numerous financial products to a maximum leverage of 400 after a minimum deposit of 200 €: 1 pursue a German-language trading platform. To ensure to acquire the necessary background knowledge, customers can, however, not only the eToro demo account, but also a seminar area with webinars, eKursen and written manuals use.