How to Use Interactive Brokers’ PortfolioAnalyst as a European Investor (2026 Step-by-Step)

Interactive Brokers’ PortfolioAnalyst is a powerful, free tool that helps you track and analyse all your investments — not just those held at IBKR. For European investors juggling multiple brokers, bank accounts, or even pensions, it can centralise your financial life and simplify reporting. In this tutorial, you'll learn exactly how to use Interactive Brokers PortfolioAnalyst Europe features: from setup, to connecting external accounts, to reviewing performance in EUR and exporting tax-friendly reports. Every instruction has been tested on a real EU IBKR account.

Step 1: Access PortfolioAnalyst in the IBKR Client Portal

What to do:

1. Log in to your IBKR Client Portal from a desktop browser (not the mobile app).
2. On the left navigation menu, click Performance & Reports → PortfolioAnalyst.

Why this matters: PortfolioAnalyst is only accessible from the web Client Portal. The mobile app has limited performance analytics and doesn’t allow external account aggregation.

Expected outcome: You should see the PortfolioAnalyst dashboard, displaying your IBKR account’s holdings, asset allocation pie chart, and recent performance graph (in your base currency, e.g. EUR).

Step 2: Connect External Accounts (DEGIRO, Trade Republic, Banks, Pensions)

What to do:

1. On the PortfolioAnalyst dashboard, locate and click Link External Accounts (usually a blue button at the top right).
2. Choose the type of account to add: Brokerage, Bank, or Pension.
3. Search for your provider (e.g. “DEGIRO”, “Trade Republic”, “Commerzbank”, “Vanguard”).
4. Follow the on-screen prompts. For most EU brokers and banks, you’ll be redirected to a secure login (using Open Banking standards).
5. Authorise read-only access. IBKR will then import balances, holdings, and (where supported) transaction history.

Why this matters: This step lets you see all your investments, not just your IBKR portfolio. For most European investors, assets are split across multiple platforms for diversification and cost reasons. Connecting everything gives you a true picture of your asset allocation and performance.

Expected outcome: After a short sync (1–5 minutes), you’ll see your external accounts listed in PortfolioAnalyst, and your dashboard will update to reflect your total assets.

Common issues: Some EU brokers (notably DEGIRO and Scalable Capital) may not support automatic syncing. In this case, use the “manual account” feature and update periodically.

Step 3: Customise Your Dashboard & Asset Allocation Views

What to do:

1. On the PortfolioAnalyst homepage, look for the Customise Dashboard or Settings button (usually a gear icon).
2. Select which widgets to display: Asset Allocation, Performance, Holdings by Region, Sector Exposure, Cash Flow, etc.
3. Drag and drop widgets to rearrange your dashboard. You can also resize them for better visibility.
4. Set your base currency to EUR if it isn’t already. This ensures all performance and allocation numbers are shown in euros, even if you hold USD or GBP assets.
5. Choose your preferred time horizon for performance charts: 1 week, 1 month, YTD, 1 year, or custom dates.

Why this matters: Customising your dashboard ensures you see the information that matters most to you. For example, if you’re a passive ETF investor, you might want to focus on asset class allocation and long-term performance in EUR, not short-term price moves.

Expected outcome: Your dashboard should now show a clear, tailored snapshot of your overall financial position — with pie charts for asset allocation (e.g. 60% global equity ETFs, 30% bonds, 10% cash), performance graphs, and a table of all holdings across platforms in EUR.

Step 4: Review Performance in EUR (Returns, Risk, and Benchmarking)

What to do:

1. Navigate to the Performance tab within PortfolioAnalyst.
2. Confirm that EUR is set as the reporting currency (top right of the page).
3. Review your Time-Weighted Return (TWR) and Money-Weighted Return (MWR, IRR) for custom periods (e.g. 2024–2026).
4. Scroll down to the Benchmark Comparison section. Choose benchmarks relevant for European investors, such as MSCI World EUR, Euro STOXX 50, or Bloomberg Euro Aggregate Bond Index.
5. Analyse your portfolio’s return vs. these benchmarks, in EUR terms, to see if you’re keeping pace, outperforming, or lagging.

Why this matters: Viewing your returns in EUR eliminates currency noise. For example, if you own US stocks or USD-denominated ETFs, PortfolioAnalyst converts all performance to euros, showing your true gain or loss as a European investor.

Expected outcome: You’ll see clear graphs and tables showing your annual and cumulative returns in EUR, alongside chosen benchmarks. Risk metrics (volatility, Sharpe ratio) are also available in the same currency.

Step 5: Export Reports for Tax, Wealth Planning, or Record-Keeping

What to do:

1. Click the Reports tab in PortfolioAnalyst.
2. Select Generate Report. Choose your date range (e.g. 1 January 2025 to 31 December 2025 for annual tax reporting).
3. Pick the desired report type: Performance, Holdings, Transactions, or Tax-Lot Detail.
4. Choose output format: PDF, Excel (.xlsx), or CSV.
5. Download the report and review for accuracy.

Why this matters: Many European tax authorities require a summary of your annual gains, dividends, and holdings (in EUR). PortfolioAnalyst’s downloadable reports are accepted by most accountants and can make your tax return much easier — especially if you hold assets at several brokers.

Expected outcome: You’ll have a professional-quality, EUR-denominated report summarising your investments, which you can use for tax filing, wealth planning, or sharing with your adviser.

Common Mistakes When Using PortfolioAnalyst (Europe)

• Forgetting to set EUR as your base/reporting currency: This can result in misleading returns, especially if you own USD, GBP, or CHF assets.
• Relying solely on automatic account linking: Some smaller EU brokers (like DEGIRO, Scalable Capital) may not fully support Open Banking connections. Use manual entry if needed, and update quarterly.
• Missing data for non-listed holdings: Custom assets (private equity, non-EU funds) may need to be entered manually with up-to-date valuations.
• Not updating benchmarks: Default benchmarks may be US-centric. Always select EUR-based indices relevant to your strategy.
• Overlooking transaction history: If you transfer assets between brokers, double-check that cost basis and acquisition dates are correct in PortfolioAnalyst.

Next Steps: Mastering Your Portfolio Analytics

Now that you’ve set up Interactive Brokers PortfolioAnalyst for your European accounts, consider these next steps:

• Revisit your dashboard monthly to review performance and rebalance your allocation as needed.
• Explore advanced analytics: risk decomposition, sector heatmaps, and ESG scoring (available in PortfolioAnalyst for some ETF holdings).
• If you’re interested in buying more international stocks or comparing brokers, check out our step-by-step guide to buying international shares or our 2026 fee & feature comparison.
• For a deeper dive into leveraging your portfolio with EUR margin, see our EUR margin account tutorial.

PortfolioAnalyst is one of the most robust tools available to European investors, whether you’re tracking a simple ETF portfolio or a complex, multi-broker, multi-currency setup. Take time to get familiar with its features, and you’ll have a much clearer view of your financial future.

Disclaimer: This article is for educational purposes only and does not constitute financial advice. Always do your own research and consider consulting a qualified financial advisor before making investment decisions.