Interactive Brokers Review 2026
Full Interactive Brokers review for New Zealand traders — regulation, spreads, fees and our honest verdict.
Regulation in New Zealand
| Regulator | ASIC ASIC — Australian Securities and Investments Commission (ASIC) |
| Licence Number | 453554 |
| Regulated Entity | Interactive Brokers Australia Pty Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $0 |
| EUR/USD Spread | From 0.2 pips |
| Instruments | 150,000+ |
| Platforms | Trader Workstation, Client Portal, IBKR Mobile |
| Copy Trading | ✗ |
| Real Stocks | ✓ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by ASIC (licence 453554). Minimum deposit $0. In New Zealand: maximum forex leverage 1:30.
About Interactive Brokers
Interactive Brokers was founded in 1978 and is headquartered in Greenwich, CT, USA. The broker offers 150,000 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. Interactive Brokers is publicly listed on the NASDAQ:IBKR. It is regulated across multiple jurisdictions with a primary licence held by Interactive Brokers Australia Pty Ltd under ASIC.
In New Zealand, Interactive Brokers operates as Interactive Brokers Australia Pty Ltd, authorised by ASIC under licence number 453554. New Zealand traders are subject to a maximum leverage of 1:30 on forex pairs under ASIC rules.
Trading Platforms
Pros
- ASIC regulated — licence 453554
- 150,000+ instruments to trade
- Negative balance protection in New Zealand
- Platforms: Trader Workstation, Client Portal, IBKR Mobile
- Real stock ownership (not CFD)
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
Frequently Asked Questions
Is Interactive Brokers regulated?
Interactive Brokers holds ASIC licence 453554, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official ASIC public register.
What is the minimum deposit for Interactive Brokers in New Zealand?
The minimum deposit is $0. This is the amount required to open a live trading account for traders in New Zealand under ASIC regulation.
What leverage does Interactive Brokers offer in New Zealand?
In New Zealand, Interactive Brokers offers maximum forex leverage of 1:30 under ASIC rules. Higher leverage may be available through offshore-regulated entities.
Is Interactive Brokers safe to trade with?
Interactive Brokers is regulated by ASIC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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