5 Best Forex Brokers in Latvia

The 5 Best Forex Brokers in Latvia – Rated and Reviewed. We have listed the Best Forex Brokers that accept Traders in Latvia.

In this in-depth guide, you will learn:

• The Best Forex Brokers in Latvia – a List
• Is Forex Trading Legal in Latvia?
• The Best Forex Brokers For Beginners and Foreigners
• The Best MetaTrader 4 and MetaTrader 5 Brokers
• What is the best forex broker in Europe?

and much, MUCH more!

5 Best Forex Brokers in Latvia – a Comparison

5 Best Forex Brokers in Latvia (2024)

1. ☑️ eToro – Overall, The Best Forex Broker in Latvia
2. ☑️ Oanda – The Best Forex Broker for Professionals
3. ☑️ Plus500 – Best Overall Offering
4. ☑️ XTB – Best Online Trading Experience
5. ☑️ Pepperstone – Best Forex Broker for Beginners

eToro

eToro is a social trading and multi-asset investment company that offers access to Forex, Stocks, Crypto CFDs, Indices, Commodities, and, ETFs. CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, the SIPC regulate it. The eToro Standard account is integrated with a proprietary trading platform.

Notable features include Spreads from 1 Pips, Leverage of up to 1:400, and, access to an affiliate program. Moreover, Negative Balance protection is offered.

Pros and Cons

Our Insights

eToro suites all levels of Traders. However, a High Inactivity Fee is charged after 12 Months of Account dormency.

OANDA

OANDA is a trusted global brand that offers access to Forex, indices, commodities, metals, shares, energies, and, cryptocurrency trading. Moreover, IIROC, ASIC, CFTC, NFA, FCA, FFAJ, JFSA, MAS, MFSA, and, the BVI FSC regulate it. Accounts available include Standard, Core, Swap-Free, Premium, and, Premium Core.

In Addition, trading platforms offered are FxTrade, MetaTrader 4, and, MetaTrader 5. Moreover, a Proprietary Mobile Trading App is available. Notable features include Spreads from 0.1 Pips and a Leverage of up to 1:888. Moreover, a minimum deposit is not required.

Pros and Cons

Our Insights

OANDA is best suited to established traders due to its excellent trading platform.

Plus500

Plus500 is a global fintech group that offers Cryptocurrencies, Forex, indices, commodities, shares, options, and, ETFs trading. Moreover, ASIC, FSCA, FCA, CySEC, FSA Seychelles, and, MAS regulate it. Furthermore, the Plus500 Standard Account is integrated with a proprietary trading platform. In addition, the base Currencies available are USD, GBP, ZAR, and, EUR.

Notable features include spreads from 0.8 Pips and commission-free trading.

Pros and Cons

Our Insights

Plus500 best suits active and established traders. However, Scalping and Hedging are not allowed. Moreover, a 10 USD inactivity fee is levied after three months of inactivity.

XTB

XTB is a reliable and respected leading Forex and CFDs Broker. The FCA, ACPR, BaFin, DFSA, KNF, CNMV, FSCA, CySEC, and, IFSC regulate it. Trading instruments offered include Forex, indices, commodities, stocks, ETFs, and crypto CFDs. Moreover, no minimum deposit is required.

Notable features include Spreads from 0.5 Pips, Leverage of up to 1:500, and, Multilingual Customer Support.

Pros and Cons

Our Insights

XTB suits all levels of traders and trading fees are low. However, an Inactivity of 10 GBP is charged per month after 12 months of account inactivity.

Pepperstone

Pepperstone is a trusted and highly regulated Forex Broker with a minimum deposit of AU$ 200. ASIC, BaFin, CMA, CySEC, DFSA, FCA and, the SCB regulate it. Trading Instruments available include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and ETFs.

Notable features include access to 70+ Currency Pairs, Spreads from 0.0 Pips, and, Hedging. However, Commissions and an Inactivity Fee are charged.

Pros and Cons

Our Insights

Pepperstone suits all traders. Moreover, it provides multilingual customer support. However, trading is not commission free and an Inactivity Fee is levied.

The Latvian Financial and Capital Market Commission

The Financial and Capital Market Commission in Latvia is in charge of the oversight and regulation of the Latvian financial services industry.

The European Securities and Markets Authority (ESMA)

The European Securities and Markets Authority is a European Supervisory authority. It is one of three set up within the European System of Financial Supervision, including the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority.

Is Forex Trading Legal in Latvia?

Forex Trading in Latvia is Legal and Well-regulated. Moreover, it is governed by the Latvian Financial and Capital Market Commission and the European Securities and Markets Authority (ESMA).

In Conclusion

The popularity of Forex in Latvia has seen a rise amongst young professionals. Moreover, it is well-licensed and regulated. Multiple international Forex Brokers accept Latvian Traders.

	Broker	Review	Regulators	Min Deposit	Website
🥇		Read Review	ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA	USD 100	Visit Broker
🥈		Read Review	FSCA, IFSC, ASIC, CySEC, DFSA, FCA	USD 5	Visit Broker
🥉		Read Review	FCA, FSCA, FSC, CMA	USD 200	Visit Broker
4		Read Review	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	USD 200	Visit Broker
5		Read Review	FSC, FSA, VFSC	USD 10	Visit Broker
6		Read Review	CySEC, MISA, FSCA	USD 25	Visit Broker
7		Read Review	CySEC, FCA, FSA, FSCA, Labuan FSA	USD 100	Visit Broker
8		Read Review	CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA	USD 10	Visit Broker
9		Read Review	ASIC, CySEC, FSCA, CMA	USD 100	Visit Broker
10		Read Review	IFSC, FSCA, ASIC, CySEC	USD 1	Visit Broker

Our Insights

While reviewing the Best Forex Brokers that accept Latvian Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

You might also like:

• eToro Review
• Oanda Review
• Plus500 Review
• XTB Review
• Pepperstone Review