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6 Best Forex Brokers in Lithuania

Edited by: Louis Schoeman

Lithuania

 

6 Best Forex Brokers in Lithuania – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Lithuania.

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Lithuania – a List
  • Is Forex Trading Legal in Lithuania?
  • Who regulates Forex in Lithuania?
  • Leading Brokers in Europe
  • Best MetaTrader 4 and MetaTrader 5 Brokers
  • Best Forex Brokers in Lithuania for Beginners
  • The Best Forex Brokers in Lithuania – Reviews + Our Insights

 

and much, MUCH more!

 

6 Best Forex Brokers in Lithuania

 

6 Best Forex Brokers in Lithuania

 

🔎 Broker🚀Open an Account🤝 Accepts Lithuanian Traders💶 Min. Deposit (EUR)
🥇 Saxo Bank👉 Click Here✅YesNone
🥈 eToro👉 Click Here✅Yes9,32 EUR
🥉 Interactive Brokers👉 Click Here✅YesNone
🏅 Tickmill👉 Click Here✅Yes93,17 EUR
🎖️ XTB👉 Click Here✅YesNone
🥇 Oanda👉 Click Here✅YesNone

 

6 Best Forex Brokers in Lithuania

 

  1. ☑️ Saxo Bank – Overall, the Best Forex Broker in Lithuania
  2. ☑️ eToro – The Best Forex Broker for Copy Trading
  3. ☑️ Interactive Brokers – Top Forex Broker for Professionals
  4. ☑️ Tickmill – Leading MetaTrader 4 and MetaTrader 5 Forex Broker
  5. ☑️ XTB – Best Overall Offering
  6. ☑️ Oanda – Popular Forex Broker for Beginners

 

Saxo Bank Review

 

Saxo Bank

Saxo is a licensed Danish Bank that offers access to Forex, CFDs, Stocks, Commodities, Futures, FX options, listed options, ETFs, bonds, and, mutual funds. 14 Tier-1 Regulators license it. Account types offered are Classic, Platinum, and, VIP. Moreover, no minimum deposit is required.

Trading platforms available are SacoTraderGO and SaxoTraderPRO. Additionally, notable features include access to 18 currency pairs, spreads from 0.4 Pips, and, Commission free mutual funds. Furthermore, Scalping and Hedging are allowed.

 

🔎 Broker🥇 Saxo Bank
📌 Year Founded1992
👤 Amount of staffApproximately 2,000
👥 Amount of active tradersOver 800,000
📍 Publicly Traded✅Yes
Regulation and SecurityVery High
🛡️ RegulationFSA
FCA
📈 Account Segregation✅Yes
📉 Negative balance protection✅Yes
📊 Investor Protection Schemes✅Yes
💹 Account Types and FeaturesSaxoTraderGO, SaxoTraderPRO
🅰️ Institutional AccountsAvailable
🅱️ Managed AccountsAvailable
💴 Minor account currencies✅Yes
💶 Minimum DepositVaries by account type
and region
⏰ Avg. deposit processing timeTypically 1-2
business days
⏱️ Avg. Withdrawal processing timeTypically 1-2
business days
💵 Fund Withdrawal FeeNo standard fee,
may vary depending
on method
💷 Spreads from0.4 pips (varies by
instrument and
market conditions)
💳 CommissionsVariable, depending
on account type and
trading volume
💸 Number of base currenciesOver 40
💲 Swap FeesVaries depending on
account type and
instrument
▶️ LeverageUp to 1:200 (varies
by asset class
and jurisdiction)
⏹️ Margin requirementsVaries by asset class
☪️ Islamic accountAvailable
🆓 Demo Account✅Yes
⌚ Order Execution TimeTypically milliseconds
to seconds
🖥️ VPS HostingAvailable
📊 CFDs Total OfferedThousands
📉 CFD Stock Indices✅Yes
🍎 CFD Commodities✅Yes
📈 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit cards,
e-wallets
💶 Withdrawal OptionsBank transfer,
credit/debit cards,
e-wallets
💻 Trading PlatformsSaxoTraderGO,
SaxoTraderPRO
🖱️ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex trading toolsAdvanced charting,
research tools, trading
signals
🥰 Customer SupportVery Responsive
🗯️ Live chat✅Yes
💌 Support EmailVaries by Region
☎️ Support ContactVaries by Region
🐦 Social mediaFacebook,
Twitter,
LinkedIn
🔖 LanguagesMultiple languages
including English,
Danish, German,
etc.
🏷️ Forex course✅Yes
✏️ Webinars✅Yes
📔 Educational ResourcesYes (includes
articles, videos,
and courses)
🫰🏻 Affiliate program✅Yes
🫶 Amount of partnersNumerous
🤝 IB Program✅Yes
🌟 Sponsor notable events/teamsVarious
💰 Rebate program✅Yes
😊 Suited to Beginners✅Yes
😎 Suited to Professionals✅Yes
♒ Suited to Active Traders✅Yes
💡 Suited to Scalpers✅Yes
🌞 Suited to Day Traders✅Yes
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

 

✅ Pros❌ Cons
Instructional resources High Fees when Compared
Multiple Trading PlatformsFutures and options - complicated cost structures

 

Our Insights

The benefits of trading with Saxo include access to market-leading trading platforms, excellent customer support, and, commission-free trading on selected instruments.

 

eToro Review

 

eToro

eToro is a trusted and well-regulated trading and investment platform that offers access to Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, and, ETFs. An eToro Standard Account and Proprietary trading platform is offered. Moreover, the minimum deposit is 10 USD.

Notable features include commission-free trading and spreads from 0 Pips. Furthermore, Scalping is not available, but hedging is allowed.

 

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, FinCEN, FINRA
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:30
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum Deposit$50 USD
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The benefits of trading with eToro include multilingual customer support. However, an inactivity fee of 10 USD is charged after 12 months of inactivity.

 

Interactive Brokers Review

 

Interactive Brokers

Interactive Brokers is an American multinational brokerage firm that offers access to Forex, stocks, ETFs, options, futures, indices, mutual funds, cryptocurrencies, metals, and, bonds. Moreover, the accounts offered are IBKR Lite and IBKR Pro. Furthermore, no minimum deposit is required.

Trading Platforms available are IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact. Additionally, notable features include spreads from 0.6 Pips, a Leverage of up to 1:30, and access to an affiliate program.

 

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5 None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

Interactive Brokers is a suitable broker choice for cost-conscious traders. Moreover, the broker does not levy an inactivity fee.

 

Tickmill Review

 

Tickmill

Tickmill is a trusted and highly regulated Forex and CFDs Broker that provides tight spreads, and, a low commission structure. Trading Instruments offered are Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs.

Accounts offered are VIP, Classic, and, Pro. Moreover, the traders choice MetaTrader 4 and MetaTrader 5 trading platforms are offered. Moreover, the minimum deposit is 100 USD.

Notable features include access to 62 currency pairs and spreads from 0.0 Pips. Furthermore, Scalping and Hedging are allowed.

 

🔎 Broker🥇 Tickmill
💴 Minimum Deposit$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips on the Pro and VIP Accounts
📉 Leverage1:500
💶 Currency Pairs62, major, minor, and exotic pairs
📊 Scalping✅Yes
💹 Hedging✅Yes
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
⏰ Support Hours24/5
🚀 Open an Account
👉 Click Here

 

Tickmill Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountBasic news feed
No inactivity feeLimited trading platforms
Price alertsLimited Account Types

 

Our Insights

Tickmill is suited to all levels of traders. Moreover, Beginners will benefit from excellent educational resources and dedicated, multilingual customer support.

 

XTB Review

 

XTB

XTB is a trusted multi-asset broker that provides access to Forex, Indices, Commodities, Stocks, ETFs, and, Crypto CFDs. Standard, Islamic, and, Demo accounts are paired with the xStation 5 Platforms and xStation 5 Mobile App. Moreover, no minimum deposit is required.

Additionally, notable features include spreads from 0.5 Pips and a Leverage of up to 1:500.

 

🔍 Broker🥇 XTB
📌 Year Founded2002
👤 Amount of StaffApproximately 2,000
👥 Amount of Active TradersOver 500,000
📍 Publicly TradedWarsaw Stock Exchange
📈 RegulationFCA,
KNF,
IFSC,
CySEC
🌎 Country of RegulationUK (FCA),
Poland (KNF)
📉 Account Segregation✅Yes
📊 Negative Balance Protection✅Yes
💹 Investor Protection Schemes✅Yes
🅰️ Institutional Accounts✅Yes
🅱️ Managed AccountsNone
💰 Minor Account CurrenciesMajor,
Minor
💴 Minimum DepositVaries by account type
⚡ Average Deposit/Withdrawal Processing Time1-3 business days
💶 Fund Withdrawal FeeNone
📐 Spreads FromFrom 0.1 pips
💶 CommissionsVariable
💵 Number of Base Currencies Supported30+
💷 Swap Fees✅Yes
🔖 LeverageUp to 1:500
🏷️ Margin RequirementsVaries
☪️ Islamic Account✅Yes
🆓 Demo Account✅Yes
🖇️ Order Execution Time SecondsMilliseconds -
🖥️ VPS HostingSelect accounts
📈 CFDs Total Over 2,000
📉 CFD Stock IndicesMajor global indices
🍎 CFD CommoditiesOil, gold, etc.
📊 CFD Shares✅Yes
💴 Deposit OptionsBank transfer,
credit/debit,
e-wallets, etc.
💶 Withdrawal OptionsBank transfer,
credit/debit,
e-wallets, etc.
🖱️ Trading PlatformsxStation 5
⭐ OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️ Forex Trading ToolsCharting tools,
technical analysis
🥰 Live Chat Availability✅Yes
☎️ Customer Support Contact NumberVaries by region
💙 Social Media PlatformsTwitter,
Facebook,
LinkedIn,
Instagram
🚩 Languages SupportedMultiple languages
✏️ Forex Course✅Yes
📔 Webinars✅Yes
📚 Educational ResourcesArticles,
tutorials, etc.
🤝 Affiliate Program✅Yes
🫶 Amount of PartnersNumerous global partners
🫰🏻 IB Program✅Yes
🔖 Notable Events or Teams✅Yes
🏷️ Rebate Program✅Yes
🚀 Open an Account👉 Click Here

 

XTB

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

XTB is suited to all traders, with access to educational resources, and impressive customer support. However, the account options and trading platform selection are limited.

 

OANDA

 

OANDA

OANDA is a global leader in CFD solutions providing access to two proprietary trading platforms and an award-winning mobile app. Trading instruments offered include Forex, indices, commodities, metals, shares, energies, and,  cryptocurrencies.

Accounts offered are Standard, Core, Swap-Free, Premium, and Premium Core. Moreover, no minimum deposit is required. Notable features include spreads from 0.1 Pips and access to 48+ Currency Pairs.

 

🔎 Broker🥇 OANDA
💶 Minimum DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading ✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here

 

OANDA

 

Pros and Cons

 

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Our Insights

The benefits of Trading with OANDA include multilingual customer support. However, support is only offered 24/5.

 

forex in lithuania

 

European Securities and Markets Authority (ESMA)

The European Securities and Markets Authority (ESMA) is one of three European Supervisory Authorities within the European System of Financial Supervision.

 

European Securities and Markets Authority (ESMA)

 

The Lithuanian Securities and Markets Commission

The Lithuanian Securities and Markets Commission or Lietuvos vertybinių popierių komisija is the main regulator of financial services and markets in Lithuania.

 

The Lithuanian Securities and Markets Commission

 

Is Forex Trading Legal in Lithuania

Forex Trading is Legal and well-regulated in Lithuania. As a part of the European Union (EU), all Forex-related activities are regulated by the EU’s European Securities and Markets Authority (ESMA). Moreover, the Lithuanian Securities and Markets Commission governs the local financial markets.

 

Is Forex Trading Legal in Lithuania

 

In Conclusion

Forex Trading in Lithuania has seen a rise in popularity. Moreover, it is well-regulated by the Lithuanian Securities and Markets Commission and the European Securities and Markets Authority (ESMA). An impressive selection of international brokers accepts Lithuanian traders.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While reviewing the Best Forex Brokers that accept Lithuanian Traders, we found 6 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.

 

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Frequently Asked Questions

 

Who is the European Securities and Markets Authority?

The European Securities and Markets Authority (ESMA) is one of three European Supervisory Authorities within the European System of Financial Supervision.

 

Who is the Lithuanian Securities and Markets Commission?

The Lithuanian Securities and Markets Commission is the main regulator of financial services and markets in Lithuania.

 

Is Forex Trading Legal in Lithuania?

Forex Trading is Legal and well-regulated in Lithuania.

 

Where is Saxo Bank Based?

Saxo Bank is based in Copenhagen, Denmark. Moreover, it has 15 countries across the globe.

 

Does eToro provide a Demo Account?

eToro provides a Demo Account with 100’000 USD in virtual funds.

 

What accounts do Interactive Brokers offer?

IBKR Lite and IBKR Pro.

 

What is the minimum deposit to open a Tickmill Account?

The minimum deposit to open a Tickmill Account is 100 USD/93.17 EUR.

 

Does XTB offer customer support?

XTB offers 24/5 Customer Support.

 

What can I trade with OANDA?

Forex, indices, commodities, metals, shares, energies, and, cryptocurrencies.

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