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If you want to start trading and practice your strategies and knowledge with a demo account, eToro is a good choice for you. The demo account has the same spreads as the real account, and the market moves on the same direction as the real one.
Finally, combining the practice account with the copy trading and social trading tools, is a plus that only this broker offers.
Disclaimer: 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. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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. Marco Sbalchiero. Author of this article and founder of Tradingonlineguide.
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None noted 2. Quick and hassle-free sign up procedure 3. Does eToro offer a demo account? Can I convert my demo account to a live trading account with eToro?
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No problem! You will then have to answer a few short questions about your job, salary, and financial position.
This is standard with all conscientious major brokers. They want to make sure that you have the means to trade and this can also be used to determine your suitability for leverage.
Again, this is just to get basic idea of how much you know about trading forex and other products prior to opening your eToro live account.
Do not worry about getting the answers wrong. As you can notice, the progress bar at the bottom of the pictures charts how much process you have made in the verification steps.
These kinds of questions like your attitude to risk, also help eToro establish your trading profile. This is helpful to both of you, since eToro can learn more and understand how best to fit your needs as a trader by asking these questions.
If there is something you do not understand or you have more questions, the eToro support team is just a click away. You are almost at the final steps of verifying your eToro live account.
There are just a couple of verification steps left to complete. The first one of these is to verify your phone number. Simply input your phone number, and then enter the SMS code you receive to verify:.
Once you have completed the eToro verification of your phone number, you will be ready for the final uploading of documents. This is your passport or ID card, and verification of your address and tax information.
This is also a very simple step which can be completed quickly to verify your eToro live account. As the picture guide explains, you must make sure that the passport or ID card passport is faster which you upload is a CLEAR, COLORED version.
This should also include all of your important details such as full name, date of birth, document number, and expiration date.
In the case of you address verification, the document must include your full name, address, and the DATE OF ISSUE of the statement.
You must also be sure that the pictures are clear and that all four corners of the document can be seen. This should help to avoid any delays and speed up the process of opening you eToro live account as much as possible.
The image should also be the original. The latest ESMA regulations are very stringent in their design to protect traders.
This is why the broker has to be certain of your verification, even if it can seem like a slightly arduous task at that moment.
The trades are simple and easy to understand, the whole platform is built for beginners, which I found really good!
The whole trading felt like a game I could not loose, which is great — really recommend! Thanks for your review Janet, we would like to inform you however that trading can in fact be really dangerous, and most people loose money when trading.
So be careful and only invest the money you are willing to loose! I started trading at eToro a few months ago and made good money. The platform is well built, easy to understand and you can trade a lot of different assets.
I used the corona crash back in March to educate myself because I always wanted to use my money and invest it. Guess what?
I registered at eToro and opened an account to do exactly this — trade stocks with no commission. The site is really fun to use and easy to understand.
Can recommend! Etoro itself is really good — I like the copy trading a lot, but there are so many ads, thats ridiculous!
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Past performance is not an indication of future results. Great for first time traders. Outstanding customer support. Awesome platform with great features.
Great for beginners. Awesome trading experience overall!! Response from trustedbrokers. Good trading software with low fees.
First time trading stocks - should have started way earlier. Everything's good, but theres too much ad.
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