Eightcap Review 2023

  • 8.4

Eightcap review summary

If fees are more or less your only concern when choosing a forex broker, Eightcap is definitely worth a try. Its forex fees are the lowest among Australia-based forex brokers, withdrawals are free, and there is no inactivity fee. Account opening is super fast, and the $100 minimum deposit is reasonable for a forex/CFD-only broker. As a plus, Eightcap offers a great lineup of crypto products, making up for a poor CFD selection and generally basic services when it comes to research, education or customer support. Like many of its peers, Eightcap uses the Metatrader platforms, including the improved MT5 for web trading and MT4 for mobile and desktop.

Eightcap is a regulated broker, it is overseen by top-tier financial regulators in multiple countries . Eightcap is also covered by investor protection and it offers negative balance protection in selected jurisdictions. We at BrokerChooser always test brokers with real money, including the withdrawal process

Eightcap is available in Pakistan

74-89% of retail CFD accounts lose money

Eightcap pros and cons

Pros Cons
Low forex fees Slim product selection
Seamless, quick account opening Limited research and educational tools
Free deposit and withdrawal No investor protection

Eightcap main highlights

🗺️ Country of regulationAustralia, Vanuatu
💰 Trading fees classLow
💰 Inactivity fee chargedNo
💰 Withdrawal fee amount$0
💰 Minimum deposit$100
🕖 Time to open an account1 day
💳 Deposit with bank cardAvailable
👛 Depositing with electronic walletAvailable
💱 Number of base currencies supported7
🎮 Demo account providedYes
🛍️ Products offeredForex, CFD, Crypto
Our overall Eightcap Review Brokers rating
  • 8.4

  • Fees
  • Account opening
  • Deposit and withdrawal
  • Web Trading platform
  • Mobile trading platform
  • Desktop trading platform
  • Markets and products
  • Research
  • Customer service
  • Education
Eightcap review


Eightcap has low forex and CFD fees, especially if you choose the Raw account. There are also no inactivity or withdrawal fees.

Pros Cons
Low trading fees None
Low non-trading fees
Low forex fees
Eightcap fees snapshot
AssetsFee levelFee terms
EURUSDLowRaw account: $3.50 commission per lot per trade plus spread cost. 0 pips is the average spread cost during peak trading hours.
GBPUSDLowRaw account: $3.50 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours.
S&P 500 CFDLowRaw account: The fees are built into the spread, 0.6 pips is the average spread cost during peak trading hours.
Inactivity feeLowNo inactivity fee

How we ranked fees

We ranked Eightcap’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of Eightcap for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared Eightcap’s fees with those of two similar brokers we selected, TMGM and Axi. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Eightcap alternatives.

To have a clear overview of Eightcap, let’s start with the trading fees.

Eightcap trading fees

Eightcap trading fees are low. There are only two account types, with different cost structures. We tested the Raw account, as it is more popular among traders. A Raw account charges a $3.5 commission per lot, but spreads can be as low as 0 pip.

We know it’s hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We chose popular instruments in each asset class usually provided by forex brokers:

  • Stock index CFDs: SPX and EUSTX50

A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:

  • 30:1 for forex
  • 20:1 for stock index CFDs

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let’s see the verdict for Eightcap fees.

Forex fees

Eightcap’s forex fees are generally low, mostly in line with similar competitors.  

Eightcap forex benchmark fees for a $20,000 30:1 long position held for one week
EURUSD benchmark fee $5.6 $14.0 $14.0
GBPUSD benchmark fee $3.7 $8.9 $4.7
AUDUSD benchmark fee $3.3 $6.6 $8.3
EURCHF benchmark fee $4.2 $5.0 $4.7
EURGBP benchmark fee $6.4 $11.8 $11.1

CFD fees

Eightcap has generally low CFD trading fees.

Eightcap CFD fees for a $2,000 long position held for one week
S&P 500 index CFD fee $1.1 $0.2 $3.2
Europe 50 index CFD fee $1.0 $0.2 $2.8

Non-trading fees

Eightcap has low non-trading fees. There are no inactivity, deposit or account fees.

For international wire transfers, your bank may charge you a receiving fee that will be passed onto you (it could be $20 or higher).

Eightcap non-trading fees
Account feeNoNoNo
Inactivity feeNoYesYes
Deposit fee$0$0$0
Withdrawal fee$0$0$0
Eightcap review

Account opening

Opening an account at Eightcap is seamless and fast. The whole process is fully digital and your account should be approved within one day.

Pros Cons
Fully digital None
Low minimum deposit

74-89% of retail CFD accounts lose money

As a global broker, Eightcap accepts clients from almost every country. Exceptions include countries like Iran, North Korea and the Republic of the Congo. 

What is the minimum deposit at Eightcap?

The required Eightcap minimum deposit is $100. This is considered low compared to other brokers.

Account types

You can choose between a Raw and a Standard account – the latter has higher spreads but no commission.

Eightcap account types
Commission per lot$3.5No commission
Spreads from0.0 (typically higher)0.5 (typically higher)
Trading platformMT4, MT5MT4, MT5
Available accounts by ownershipIndividual, Corporate, Trust / Superannuation and Joint AccountIndividual, Corporate, Trust / Superannuation and Joint Account
Expert advisors (AutoTrading) availableYesYes
Eightcap spreads
EUR/USD0.8 – 1.2 pips (Standard) / 0.0 – 0.3 pips (Raw)
AUD/USD1.0 – 1.4 pips (Standard) / 0.0 – 0.4 pips (Raw)

How to open your account

The whole process at Eightcap is as easy as it gets. The online application takes roughly 10 minutes and verification takes a day at most.

The three steps of opening an account at Eightcap:

  1. Enter your contact information, like your name and email address. Verify your email address by clicking on a link Eightcap sends to you.
  2. Fill out your personal information, like your date of birth and address.
  3. Choose an account type (Raw/Standard, Individual/Corporate) and base currency. 
  4. Verify your identity and residency by uploading a copy of your passport or ID, and a bank statement or utility bill. 

After your account is verified, you can start trading by depositing the required minimum deposit.

Eightcap review – Account opening

Our best alternatives to Eightcap are:

The highest ranking competitors are:

  • Fusion Markets full review
  • Pepperstone full review
  • Axi full review
  • Vantage full review
Eightcap review

Deposit and withdrawal

At Eightcap deposits are free, as are most withdrawals, with e-wallet options also available. The selection of account base currencies is limited to major currencies.

Pros Cons
Credit/Debit card available No minor currencies available
Free withdrawal
No deposit fee

Account base currencies

At Eightcap, you can choose from 7 base currencies. These are the following: AUD, USD, EUR, GBP, NZD, CAD, SGD.

This selection is average compared to competing brokers.

Base currencies at Eightcap vs similar brokers
Eightcap TMGM Axi
Number of base currencies 7 6 11

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

Eightcap charges no deposit fees. Other than bank transfers and credit/debit card deposits, you can also use the following electronic wallets: 

  • POLi Payment
  • Fasapay
  • BPAY
  • China UnionPay
  • Skrill
  • Neteller
  • Paypal
Eightcap deposit options
Bank transferYesYesYes
Credit/debit cardYesYesYes
Electronic walletsYesYesYes

A bank transfer can take several business days, while payment with a credit/debit card is instant.

You can only deposit money from accounts that are in your name. Eightcap users can also transfer money between their trading accounts as needed via their client dashboard

Eightcap review – Deposit and withdrawal – Deposit

Eightcap withdrawal fees and options

Eightcap charges no withdrawal fees.

You can see all the withdrawals options in the table below. You can choose between two types of wire transfer: Australian and international. For our account, only Skrill was available out of the e-wallet options.

Eightcap withdrawal fees and options
Bank transferYesYesYes
Credit/debit cardYesYesYes
Electronic walletsYesYesYes
Withdrawal fee$0$0$0

How long does it take to withdraw money from Eightcap? We tested the credit card/bank transfer withdrawal and it took 1 business day.

You can only withdraw money to accounts in your name.

How do you withdraw money from Eightcap?

  • Log in to your client dashboard.
  • Click on ‘Deposit/Withdraw’ in the menu on the left.
  • Click on the ‘Withdraw’ button.
  • Select the account to withdraw to (or add a ‘New Bank Account’).
  • Enter the amount, then click ‘Request withdrawal’.
Eightcap review

Web trading platform

Eightcap gives access to MetaTrader 5 web trading platform, but not for MetaTrader 4. The MT5 platform is similar to MT4 – it is customizable, but has more order types. However, price alerts are still not available, and there’s no two-factor authentication.

Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Good variety of order types
Eightcap platforms to choose from
Trading platformScoreAvailable

Eightcap only provides a web trader platform if you choose to open an MT5 account. MT4 accounts can only trade in MT4 mobile and MT4 desktop. 

MetaTrader 5 is practically the same as MT4, with a few exceptions. It is also available in an exceptionally large number of languages, like MT4.

Eightcap web trading platform languages
Arabic Bulgarian Chinese Croatian Czech Danish
Dutch English Estonian Finnish French German
Greek Hebrew Hindi Hungarian Indonesian Italian
Japanese Korean Latvian Lithuanian Malay Mongolian
Persian Polish Portuguese Romanian Russian Serbian
Slovak Slovenian Spanish Swedish Tajik Thai
Traditional Chinese Turkish Ukrainian Uzbek Vietnamese  

On the desktop version of MT5, the following languages are also available: Bengali, Georgian, Hausa, Marathi, Javanese, Punjabi, Swahili, Tamil, Telugu and Urdu.

Look and feel

As with all MetaTrader platforms, MetaTrader 5 on the web is highly customizable. You can easily reposition the windows and tabs to fit your needs.

Despite the few adjustments from MT4, MT5’s platform feels outdated and some features are quite hidden. For example, adding a new asset to the watchlist is not very straightforward.

Eightcap review – Web trading platform

Login and security

Eightcap provides only a one-step login. A two-step authentication would be more secure.

Search functions

The search functions are good. You can find the assets listed by category. You can type in the assets’ names manually.

Eightcap review – Web trading platform – Search

Placing orders

The main difference between an MT4 and MT5 platform is the available order types. Apart from Market and Limit, there are a few extra ones available. Here’s the comprehensive list:

  • Market
  • Limit
  • Stop
  • Stop limit
  • Stop loss
  • Take profit

To get a better understanding of these terms, read our overview of order types.

There are also order time limits you can use:

  • Good ’til canceled (GTC)
  • Good ’til time (GTT)

These are the same order time limits that are available on MT4.

Eightcap review - Web trading platform - Order panel

Alerts and notifications

You can’t set alerts and notifications on the MetaTrader web trading platform available at Eightcap. This feature is available only on the desktop trading platform.

Portfolio and fee reports

Eightcap has clear portfolio and fee reports available on the MetaTrader 5 web trading platform. You can easily see your profit-loss balance and the commissions you paid. These reports can be found under the ‘History’ tab, but we didn’t find a way to download them on the web version. If you use MT5 desktop platform, you can download these reports.

74-89% of retail CFD accounts lose money

Eightcap review

Mobile trading platform

Eightcap’s mobile platform is provided by MetaTrader 4. It is well-designed and user-friendly, but lacks a more secure, two-step login.

Pros Cons
User-friendly No two-step (safer) login
Good search function No Touch/Face ID login
Price alerts

Eightcap provides MetaTrader 4 and MetaTrader 5 as its mobile trading platform. Both are available for iOS and Android, depending on your account type. We tested it on iOS, with Dark mode on (hence the dark background in the screenshots).

First, you have to download MetaTrader 4 from the App Store. It is a general trading platform – after launching it, search for the server Eightcap-Real. It should be easy to find, just start to type Eightcap in the search bar.

You can choose from many languages on the mobile trading platform. Just go to ‘Settings’ within the app, and under ‘Interface’ you can switch between languages at any time. 

Eightcap mobile trading platform languages
ArabicChinese (Simplified)Chinese (Traditional)CzechEnglish
Portuguese (Brazil)RussianSpanishThaiTurkish

Look and feel

Eightcap has a great mobile trading platform, we really liked its design and user-friendliness. It is easy to find every feature.

Eightcap review – Mobile trading platform

Login and security

Similarly to the web trading platform, Eightcap only provides a one-step login. A two-step login process would be much safer.

You can’t use fingerprint or Face ID authentication. Providing this feature would make the login process more convenient.

Search functions

The search functions are good. You can search by typing the name of the product or by navigating the category folders.

Eightcap review – Mobile trading platform – Search

Placing orders

You can use the following order types:

  • Market
  • Limit
  • Stop

There are also order time limits you can use:

  • Good ’til canceled (GTC)
  • Good ’til time (GTT).

Eightcap review – Mobile trading platform – Order panel

Alerts and notifications

You can set up alerts and notifications for your mobile, although you can do it only on the desktop trading platform. It would be much more convenient if you could set these notifications on the mobile trading platform itself.

74-89% of retail CFD accounts lose money

Eightcap review

Desktop trading platform

Eightcap’s MetaTrader 4 desktop platform is easily customizable, but has a poor, outdated design. You can set price alerts, but there is no safer, two-step login option.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts

Eightcap offers MetaTrader 4 and MetaTrader 5 as a desktop trading platform. In this review, we went with MetaTrader 4.

It is available in an exceptionally large number of languages.

Eightcap web trading platform languages
Arabic Bulgarian Chinese Croatian Czech Danish
Dutch     English Estonian Finnish French German
Greek Hebrew Hindi Hungarian Indonesian Italian
Japanese Korean Latvian Lithuanian Malay Mongolian
Persian Polish Portuguese Romanian Russian Serbian
Slovak Slovenian Spanish Swedish Tajik Thai
Traditional Chinese Turkish Ukrainian Uzbek Vietnamese  

Look and feel

Eightcap’s desktop platform is highly customizable. You can easily change the size and the position of your tabs.

On the negative side, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. On the other hand, Eightcap provides some articles about how you can use the MT4 platform.

Eightcap review – Desktop trading platform

Login and security

Eightcap provides only a one-step login. Two-step authentication would be more secure.

Search functions

The platform’s search functions are OK. You can find assets grouped into categories. At the same time, we missed the usual search function where you can type in an asset’s name manually.

Eightcap review – Desktop trading platform – Search

Placing orders

Only the most basic order types are available. You will not find more sophisticated ones such as ‘one-cancels-the-other’. The following order types are available:

  • Market
  • Limit
  • Stop
  • Trailing Stop

If you are not familiar with order types, read this overview.

There are also order time limits you can use:

  • Good ’til canceled (GTC)
  • Good ’til time (GTT)

Eightcap review – Desktop trading platform – Order panel

Alerts and notifications

You can set alerts and notifications on the desktop trading platform, in the form of mobile push and email notifications. To set these notifications, you need to add your email address and mobile MetaQuotes ID (which you can find in the MT4 app’s settings). You can add them by going to ‘Tools’ and then ‘Options’.

Portfolio and fee reports

Eightcap has clear portfolio and fee reports. You can easily view your profit/loss balance and the commissions you have paid. These reports can be found under the ‘Account History’ tab: right click on one position, then choose ‘Save as Detailed Report’.

79.27% of retail CFD accounts lose money

Eightcap review

Markets and products

Eightcap’s product selection covers only forex and CFDs for MT4 users. MT5 users can also access CFD cryptos but popular asset types like real stocks and ETFs are not available.

Eightcap is primarily a forex broker, but it also has some CFDs in its product selection, since they added Australian, US, UK and German shares. To learn more about CFDs please read our CFD trading tips.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Eightcap’s product selection is modest within most of the available categories, generally coming in below its featured competitors. On the other hand it has a great crypto selection, with a high number of derivatives.

Eightcap product selection
Currency pairs (#) 47 50 76
Stock index CFDs (#) 13 47 14
Stock CFDs (#) 660 12,000 50
ETF CFDs (#)
Commodity CFDs (#) 7 5 28
Bond CFDs (#)
Futures CFDs (#)
Cryptos (#) 331 12 11

You can change leverage levels, which is great. Eightcap provides leverage of up to 30.1 for Australian retail clients and 1:500 for Australian wholesale clients. To qualify as a wholesale client, you need to satisfy one of the following criteria such as

  • Have net assets of AUD 2.5 million
  • Your income was more than AUD 250,000 for each of the last two years.

 Non-Australian clients can use a leverage of up to 1:500.

Changing the leverage is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as the preset leverage levels are high.

Eightcap review


Eightcap’s research tools are fairly limited. There are no trading ideas or fundamental data provided. As a plus, there are good tools for technical analysis, like a strategy tester or Capitalise.ai’s automating tools.

Good set of analytical tools No fundamental data available
  Trading ideas only via paid                      partnership

We tested the research tools available on the MetaTrader platform.

Trading ideas

There are no trading ideas in the MetaTrader platform available at Eightcap.

Fundamental data

There are no fundamental data in the MetaTrader platform available at Eightcap.


Eightcap has OK charting tools. You can use 31 technical indicators and other tools, such as trendlines, Fibonacci retracements and channels.

Eightcap review – Research – Charting

News feed

There is no news feed within MetaTrader 4. However, Eightcap has its own ‘Learn’ page, where you can read quality market updates. These include daily technical and fundamental analyses (also on Twitter).  Sadly though a good chunk of this content are updated less frequently.

Eightcap review – Research – Charting

Other research tools you may enjoy

You can use a great tool for testing your strategy with relation to automated trading. It is called Strategy Tester and you can find it by clicking on ‘View’ and selecting ‘Strategy Tester’.

We also liked the tools provided by Capitalise.ai. You can build your automated codes without knowing any programming knowledge. For example, you can just create strategy by pulling words together, like ‘buy’ – ‘EURUSD’ – ‘if price rises more than…’. It’s also great that you can backtest this trading startegy. You can access Capitalise.ai by clicking on ‘Tools’ within the client portal. Unfortunately, this tool is available only for MetaTrader 4 accounts, but not for MT5. 

Eightcap review – Research – Capitalise.ai

Eightcap review

Customer service

Eightcap’s customer service is great via email and live chat in multiple languages. However, we couldn’t connect to their phone support.

Pros Cons
Live chat Couldn’t reach phone support
Fast response time

You can contact Eightcap via:

  • live chat
  • phone
  • email

Every option is available in these languages: 

Supported languages at Eightcap’s customer service
English Chinese Thai Korean
French Spanish Italian German
Vietnamese Portuguese    

Eightcap’s live chat is great. It was fast and we received fully relevant answers. 

We also had a great experience with email support. We received replies to our questions within a day.

Also, we couldn’t reach Eightcap’s phone support. We tried numerous times, but after choosing English, the line disconnected after a few minutes. This is a shame, as we had a great experience otherwise talking with Eightcap operators: after we opened our second account, a customer support rep called us on the phone immediately, who was very helpful and friendly, and activated our account within minutes. 

We liked the 24/7 availability.

Eightcap review – Customer Service

74-89% of retail CFD accounts lose money

Eightcap review


Eightcap doesn’t have a wide range of educational tools, such as videos. On the other hand, there is a demo account as well as some quality articles to read, and it provides webinars on third-party websites.

Pros Cons
Demo account No trading platform tutorial videos
Great market analyses and articles No educational videos

At Eightcap, the following tools are available to support your learning:

  • Demo account
  • Quality educational articles
  • External webinars

Having a demo account is a great way to get to know a broker’s services. You can open a demo account within the desktop platform, for example.

Eightcap review – Education

The education section on Eightcap’s site covers multiple areas, although new articles are published only on a weekly basis rather than daily.

Eightcap review – Education.

Additional education tools

Eightcap sends newsletters about webinars with its partners, like BKForex. These webinars are useful tools, helping out both amatour investors with basic knowledge, and more experienced ones with advanced trading ideas. In addition, Eightcap sends information about Trading Battle, a live-streamed trading battle between professionals.

74-89% of retail CFD accounts lose money

Eightcap review


Eightcap is regulated by two financial authorities, including the top-tier ASIC, which however does not provide any investor protection, only negative balance protection. There is also no public information on the broker’s financials available.
Pros Cons
Regulated by top-tier ASIC No investor protection
Does not hold a banking license
Not listed on stock exchange

Eightcap is based in Australia and was founded in 2009.

Is Eightcap regulated?

Yes, it is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

To be certain if a brokerage is safe, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

Depending on your country of residency, your account will be regulated by one of the two financial authorities below.

Eightcap investor protection
Country of clients Protection amount Regulator Legal entity
Australia No protection Australian Securities and Investments Commission (ASIC) Eightcap Pty Ltd
All other countries No protection Vanuatu Financial Services Commission (VFSC) Eightcap Global Ltd

Eightcap provides negative balance protection.


Eightcap was established in 2009. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Eightcap review

Bottom line

We recommend Eightcap for users looking for a MetaTrader 4-5 broker with low forex fees and fast and easy account opening. It is also great that deposits and withdrawals are free of charge on the broker’s end, with a user-friendly process.

On the other hand, available products are limited to CFDs, forex and cryptos (for MT5 clients). The research and educational tools are also limited.

Feel free to try Eightcap if you’d like to have a verified broker account with low forex fees within a day.

74-89% of retail CFD accounts lose money

Eightcap review


We recommend Eightcap for forex traders who prefer the metatrader platform.

Below you can find links to all aspects of Eightcap in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Eightcap fees article.

What about the minimum deposit?

Our ultimate guide to the Eightcap minimum deposit is updated regularly.

How to start your Eightcap account?

Look no further than our evaluation of the Eightcap account opening.

How’s their trading app?

Here’s our expert view after checking the Eightcap trading app.

Is the quality of customer service satisfactory?

All you need to know about the Eightcap customer service.

Legit or scam?

Is Eightcap legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Eightcap is really free.

Is this broker good for beginners?

We checked it in Is Eightcap good for beginners.

Should you buy your silver bullets on Eightcap?

Research for silver bugs in the Silver buy on Eightcap guide

I want to trade options, are they available at Eightcap?

We explored the topic in Can you trade options on Eightcap?

What is the minimum account balance at Eightcap?

Check out the current account balance requirements at Eightcap in our What is the minimum account balance at Eightcap article.

Looking for commission and fees data for Eightcap?

We collected them in Eightcap commission and fees.

How do you withdraw money from Eightcap?

We tested it and collected the options and costs in How to withdraw money on Eightcap.

Investors’ Marketplace 

Another new addition available from June 2020 is the Investors’ Marketplace. This is an overall networking tool, helping investors, brokers and hedge fund account holders, as well as others, to connect. The purpose of the connection can range from education to career development, advisory, administration and technology. 

Tax Optimizer, Shortable Instruments and alternative news sources

US residents can take advantage of IB’s Tax Optimizer, which lets clients choose their best tax method based on IRS reporting rules after trading. This includes maximizing long-term gains or minimizing long-term losses. 

The Shortable Instruments (SLB) Search tool lists the available shortable securities within the web platform and the borrowing volume that is provided for these securities. (SLB stands for Securities Lending/Borrowing.) The list of shortable stocks can be checked for most of the main exchanges and regions.

Interactive Brokers review – Research – Mutual Fund Search

Mutual Fund Search Tool

As of June 2020, Interactive Brokers has launched the Mutual Fund Search Tool on their website. This tool enables clients to browse and select international mutual funds by country, fund family and whether the fund charges extra commissions. With the ‘Fund Type’ filter, you can also search for funds based on their structure (e.g. only bond, only equity, or mixed investments).

Interactive Brokers review – Research – Economic calendar

The Economic Calendar informs you about upcoming events that will have an economic impact. This feature can be accessed separately any time from the menu, though the design could be better. If you are looking for an all-around economic calendar that includes upcoming national holidays, you can find it here on IB’s page.

Compare brokers

Compare broker tool

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.

Best Brokers
Broker Reviews

Compare broker tool

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto.