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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Latvia

The best Latvia brokers
Best Latvia Online Trading Platforms 2021

This guide to the reputable brokers in Latvia has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This guide contains the latest details about finding a reputable broker in Latvia.

If you are a new entrant into the world of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough knowledge. You'll acquire adept skills at all the concepts of brokerage since you keep trading. For starters, you have to select the best broker in Latvia who will be transparent with you constantly.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program is key to your success.

We currently have 21 Online Brokers from our research that we think are the Professional Online Brokers in Latvia

Finding The Reputable Latvia Trading Patforms?

This guide has been designed to help you find a professional Latvia broker. When searching for a great, reliable broker in Latvia it can be very confusing.  Below we show what your trading platform are in Latvia and what Latvia brokers can do for you.

We currently have 21 Online Brokers from our research that we think are the Professional Online Brokers in Latvia

First TradeIKON FinanceInteractive BrokersAdmiral MarketsDegiroAfluenta Peru SacAlpha Capital MarketsPepperstoneTeletradeCaveoArgonaut SecuritiesCoinbaseEtradeNadexWorld Forex ReviewSharekhanTwineBinary MateLondon Capital Group (LCG)Investors IntelligenceETX Capital
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Rating4/54/54/54/54/54/54/54/54/54/54/54/54/54/53/54/54/54/54/54/54/5
Minimum Deposit$5$200$10000$200$0$0$0$200$100$0$1$100$100$250$100$0$100$1000$100$1$100
Year Founded200820111977200119342013199920102008201620091989201220082008200020082013199619472002
HeadquartersUSALondonUnited StatesUKNetherlandsPeruUKAustraliaCyprusvariableAustraliaUnited StatesUnited StatesUSAVanuatuIndiaUSAMalaysiaUKLondonUK
Regulated BySecurities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB)Financial Conduct Authority (FCA)UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)Financial Conduct Authority (FCA)Australian Securities Exchange (ASX), Australian Securities and Investment Commission (ASIC), Securities and Futures Ordinance (SFO), Securities and Futures Commission (SFC)Financial Conduct Authority (FCA)Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)UnregulatedVanuatu Financial Services Commission (VFSC)Securities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeUnregulatedCyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)
Clients10,000+10,000+10,000+10,000+600,000+10,000+10,000+10,000+50,000+10,000+10,000+10,000+10,000+10,000+10,000+1,500,000+10,000+10,000+10,000+10,000+10,000+
Risk WarningYour capital is at riskLosses can exceed depositsLosses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your moneyYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsLosses can exceed deposits
Withdrawal FeesvariableNo10 USDNovariablevariablevariableNovariable0$10variable$20variable$20NovariablevariableNoNoNo
Inactivity FeesNoYesNoNoYesYesNoNoNoYes
Deposit Fees52001000020000020010001100100250100010010001001100
CFD FeesYesYesYesYesNoNoYes (0.1% - 0.25%)NoYes
Accepts Credit CardsYesYesNoNoYesYes
Accepts PayPalNoYesNoNoNoNo
Accepts SkrillYesYesYesNoYesNo
Accepts PayoneerYesYesNoNoYesNo
Accepts NetellerYesYesYesNoYesYes

Online Share Trading In Latvia

Trading investments in Latvia is highly regulated and considered very safe. However, as always, that any investment can go down as well as up, so your capital is in danger.

If you're just starting out with online trading then it is suggested to have a demo account with a controlled agent so that you are able to learn the strategies without the danger of losing money.

Live Forex Trading In Latvia

Forex is the greatest liquid financial market in the world with a daily monetary exchange turnover of over $5 trillion (BIS data April 2016).

Forex (short for Foreign Exchange) is a currency exchange involving two distinct nations and the following management of the resulting position where one currency gains and the other loses.

It is possible to do Live Forex Trading in Latvia with seasoned online brokers

Live CFD Trading In Latvia

CFD trading is the buying and selling of contracts for difference via an online trading platform in Latvia. When you trade CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Latvia

Spread Betting in Latvia is possible using professional online trading platforms like eToro or Trading212. It is a simple bet as to whether the price will go up or down.  Often, the Latvia online trading platforms will show the prices you have.

If you are looking at how to do spread betting in Latvia then it is advisable to start with a demo account with either plus500 or FP Markets so that you can practice with virtual currency before risking your own capital.

Trading Stocks in Latvia

Globally, Latvia is considered safe to do online trading and has access to other global financial centers. In Latvia, online brokers are highly regulated, professional and customer centric. 

However, it is always important to be as informed as possible so here we detail some of the important things a trader should know:

The financial industry in Latvia are mature and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Latvia.

The online trading apps used by brokers in Latvia are extensively tested and highly rated.

Whichever Online Trading Solutions in Latvia you decide to use, ensure they have all of the below:

  • User friendly platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Able to perform social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Latvia

The US Dollar is considered the base currency globally so even a tiny change in the US financial markets can affect the financial markets in Latvia. The EU is also a large economy and changes there can affect the economic markets in Latvia.

Like every country there are opportunities in Latvia economic markets and overall the prospects are positive. However, like in all global financial markets we recommend that any Online Trading Solutions in Latvia you decide to use, make sure you do your due diligence first before risking your money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Latvia.  We hope that by reading this guide you will find a experienced broker that matches your needs.

Frequently Asked Questions About Trading Forex In Latvia

Is Forex Trading Legal In Latvia?

There's a growing misconception that trading Forex in Latvia is considered unsafe. This is not the situation, Forex Currency trading in Latvia is very active, regulated and safe.

Trading in Forex is allowed in Latvia as for any business to trade internationally, foreign currency has to be exchanged. Whenever you buy something and it is sent from overseas, there will be numerous money exchanges by multiple businesses to receive that thing to you.

The main issue is that when trading Forex in Latvia you select one of the best online brokers.

Do Forex Traders Pay Tax In Latvia?

After a trader is successful and their gains reach a certain level then they may be taxed in Latvia as per the standard tax rules.

Tax returns should always be registered even if there's a loss. You should seek out advice with a registered accountant in Latvia to make certain you're abiding with present regional laws as it's extremely dependent on your personal circumstances.

Can You Trade Cryptocurrencies In Latvia?

Cryptocurrency markets in Latvia are quite new. As Cryptocurrencies operate on decentralised assets in Latvia matters like interest rate fluctuations and political instability do not affect them as far as the fiat markets.

Cryptocurrencies are more popular with the centuries as well as growing income amounts and technology adoption, trading cryptocurrency in Latvia is rising day by day. It is still small in comparison to the Forex markets however around $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Latvia?

Commodity trading in Latvia involves trading in things like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inLatvia.

Fast growing economies like India have a significant demand for many basic raw materials because of their inhabitants. This means that states like Latvia can benefit from the circumstance.