Getting started
Updated 7 October 2026, 4 min readAn eTrader demo account takes about a minute to open and needs nothing but a name and an email address. It trades virtual money on live prices, with every feature of the terminal switched on: charts, orders on the chart, price alerts, market depth, bots and history export. It is the only kind of account eTrader issues itself.
Open one
Open the terminal at terminal.etraderweb.com, or the iPhone or Android app. The first screen says Sign In to eTrader. Under the Search Broker field is a link, Open an eTrader Demo Account. Press it and fill in the form:
- Your Name. Shown on the account.
- Email. Required, because your Login details are sent there. Use an address you can read.
- Starting Balance. 1,000.00 USD, 5,000.00 USD, 10,000.00 USD, 50,000.00 USD or 100,000.00 USD. The form starts on 10,000.00 USD.
- Leverage. 1:50, 1:100, 1:200 or 1:500. The form starts on 1:100.
- Password. In the browser terminal you can type your own, at least 12 characters. Leave it blank and a strong one is generated for you. The phone apps always generate one.
Press Create Demo Account. The account opens and the terminal signs you straight in. The account number, the Server and the password arrive by email a moment later, with the subject line "Your eTrader demo account" followed by the number.
Pick a balance and leverage close to what you expect to trade live. A demo with 100,000.00 USD at 1:500 teaches you very little about a real account of 2,000.00 USD.
If the email does not arrive
If the email cannot be sent, the browser terminal says so on the spot and shows your password once, under the account number. Copy it somewhere safe before you press Continue to Terminal. It is not shown again, and the terminal has no password reset. If you chose your own password, the terminal tells you to use that one.
If the browser terminal signed you in without showing a password, the email was sent. Check the spam folder for the subject line with your account number before assuming it is lost.
Signing back in later
The terminal keeps you signed in, so it opens straight to your account next time. If you signed out, or you are on another device:
- In the Broker search box, type
eTrader. The search needs at least three characters. - Choose eTrader from the list, then the Server eTrader-Demo.
- Type the account number from the email as the Login, then the password, and press Sign In.
The same Login works in the browser and in both phone apps, and they all show the same positions, orders and alerts. Chart setup, such as drawings and indicators, is kept by each device.
Limits worth knowing
One email address can hold three eTrader demo accounts. When it is full, the form says so and suggests signing in to one of them or using another address. A single internet connection can also open only a limited number of demo accounts per day, and the form tells you when to try again.
A demo account opened here belongs to eTrader, not to a Broker. It is not linked to any firm, so it cannot be turned into a live account. When you want to trade real money, open an account with a Broker or prop firm and sign in to it from the Broker list. See finding your Broker.
Some firms also give their clients a demo account on their own demo Server. That account is issued by the firm, carries the firm's instruments and conditions, and signs in through the firm's entry in the Broker list rather than through eTrader.
Deleting a demo account
An eTrader demo account can be deleted by you, at any time. In the browser terminal, open the account menu at the top right, choose Account Settings and press Delete This Demo Account. The terminal asks once more, and Yes, Delete Permanently removes the account with its balance, positions and history. Deleting your account and data covers the other apps and what is removed.
What a demo tells you
A demo is the right place to learn the terminal: place a pending order and drag it, set a stop loss on the chart, close half a position, export your history. It is a poor guide to results. Fills on a live account depend on the firm's liquidity, and nobody trades virtual money the way they trade their own. Trading leveraged products carries a high risk of loss.