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Interactive Brokers in Australia — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%50
- Round-turn cost20%100
- Safety20%100
- Payouts15%60
- Track record10%100
- Platforms10%15
Numbered by weight: axis 1 counts for most.
Key facts (5 facts)
- Onboarding entity
- Interactive Brokers Australia Pty Ltd
- Founded
- 1978
- Round turn
- 5 USDAU
- Currencies
- 29 currencies
- Swap-free account
- —
Licence check
Open an account with Interactive BrokersThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards Australia residents
- Interactive Brokers Australia Pty Ltd
- Local standing
- ASIC regulated
- Licence as the register states it
- AFSL 453554
- Leverage for this entity
- Not stated Australia
- The firm behind it
- Global broker since 1978
- What we hold against it
- No major flags stated
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Australian residents enters the score.
Not stated Australia
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youASIC regulated
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Australia market median(priced from 73 of 76)
Medians run over the 73 of 76 brokers that publish a price for Australia, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Universal Account. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Cost calculator (median of 73 priced of 76)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a AUD conversion because the exchange rate is not part of our data.
Where Interactive Brokers sits in the Australia base(76 brokers)
Round-turn cost, USD (73 of 76 priced)
Median 6 USD · range 1.5-20 · this broker 5 USD · 3 of 76 brokers do not publish it
Minimum deposit, USD (7 of 76 priced)
Median 15 USD · range 0-100 · 69 of 76 brokers do not publish it
Retail leverage (42 of 76 with a Australia figure)
Median 1:115 · range 30-5000 · 34 of 76 brokers do not publish it
Withdrawal time published (76 brokers)
Deposit and withdrawal methods (1 methods · 0 local rails)
Not stated Australia
- Account currency
- 29 currencies
- Fee declared
- 0 of 0 methods
- Withdrawal back to
- the funding method
Where it does not serve(6 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- TWS
- IBKR Desktop
- Mobile
| Class | Count | Min spread |
|---|---|---|
| TWS | — | 0.1 |
| IBKR Desktop | — | 0.1 |
| Mobile | — | 0.1 |
| Forex pairs | 100+ | — |
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.0 | — |
Share of reviewers in Australia: — The platform does not publish it.
Pros and cons(4 for and 2 against, each tied to a figure on this page)
- Round turn 5 USD on the raw + commission basis, under the Australia median 6
- Locally authorised, licence 453554, read on 11.10.2026
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 3 platforms: TWS, IBKR Desktop, Mobile
- Withdrawal in 48 h, over the Australia median 24
- Platforms 15 of 100, its weakest of 6 scored axes
Alternatives in Australia(5 of 76 scored in Australia)
- Round turn, USD
- 4.8AU
- Min deposit, USD
- 0AU
- Leverage
- 30AU
- Rank in this country
- #1
- Round turn, USD
- 5AU
- Min deposit, USD
- 0 groupAU
- Leverage
- 200 group
- Rank in this country
- #12
- Round turn, USD
- 7AU
- Min deposit, USD
- 100AU
- Leverage
- 30AU
- Rank in this country
- #11
- Round turn, USD
- 7AU
- Min deposit, USD
- 100 groupAU
- Leverage
- 30AU
- Rank in this country
- #13
- Round turn, USD
- 5AU
- Min deposit, USD
- 50AU
- Rank in this country
- #10
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Australia score. Full methodology
| Axis | Weight | What is measured | Interactive Brokers |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 50 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 100 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 15 |
FAQ
- Does Interactive Brokers accept residents of Australia?
- Yes. ASIC regulated Onboarding entity: Interactive Brokers Australia Pty Ltd
- Is Interactive Brokers licensed to serve clients in Australia?
- AFSL 453554 Checked on 11.10.2026.
- How much does one round turn cost at Interactive Brokers?
- About 5.0 USD per standard lot on EUR/USD. The median across brokers measured for Australia is 6.0 USD.
- Which trading platforms does Interactive Brokers support?
- TWS, IBKR Desktop, Mobile. Instruments: Stocks, options, futures, forex, bonds
- How can I withdraw money from Interactive Brokers in Australia?
- Not stated Australia
- What account types does Interactive Brokers offer?
- Universal Account
Taxes for an Australian resident(1 rule)
- Forex/CFD trading gains are not subject to a special standalone tax regime in the cited sources;https://www.interactivebrokers.com.au/en/trading/prime-broker-services.php
Not tax advice. Check with the ATO.