info@comparebrokers.org +44 207 994 644

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

The best Latvia brokers
Top Latvia Online Trading Platforms 2021

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

This review contains the most recent details about finding the most professional trading patforms in Latvia.

If you're a new entrant into the realm of trading and brokerage, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive understanding. You'll acquire adept skills at all of the concepts of brokerage as you keep trading. For starters, you have to choose the top broker in Latvia who'll be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program is key to your success.

We currently have 16 Online Brokers from our research that we think are the Top Trading Patforms in Latvia

Who Are The Reputable Latvia Brokers?

This guide has been provided to help you find a professional Latvia broker. When looking for a good, reliable broker in Latvia it can be very confusing.  Below we detail what your trading options are in Latvia and what Latvia brokers can provide you.

A free trial for a minimum of three weeks is a great way to evaluate the capabilities and reliability of any Latvia trading broker firm. Before making any final decisions, you have to be able test the broker's platform and software in real-time but with little risk. A demo account will allow you to test the software and see how comfortable you are with its tools. A reuptable broker in Latvia should make it as easy as possible for you. They shouldn't have to do a lot research nor set up multiple accounts before they let you start investing.

We currently have 16 Online Brokers that we think are the Reputable Trading Patforms in Latvia

huobiFxProfbs incFortradeIKON Financefx global marketsPersonal CapitalEightcapVelocity Traderenesource capitalDIF Brokergcm forexnoor capital marketsWiseAlphaSpreadexhotforex
Find Out More
Rating6.55/56.43/55.00/54.05/56.33/56.65/54.23/53.55/56.62/56.10/55.41/54.00/56.45/54.48/56.53/56.25/5
Minimum Deposit$250$100$250$1$200$250$100000$100$1$250$500$250$250$0$1$250
Year Founded2014200620181992201120172008200920072021199620172019200819992012
HeadquartersBulgariaUKAustraliaUKLondonUnited StatesUSAAustraliaAustraliaUnited StatesPortugalUSAUSAUKUKUnited States
Regulated ByFinancial 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-F257Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA)Financial 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-F225Financial Conduct Authority (FCA) FRN: 609970, National Bank of the Republic of Belarus (NBRB) FRN: 193075810, Australian Securities and Investments Commission (ASIC) ABN: 33 614 683 831 | AFSL: 493520, Canadian Investor Protection Fund (CIPF) CRN: BC1148613, Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14UnregulatedAustralian Securities and Investment Commission (ASIC)Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263)Financial 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-F300Financial Conduct Authority (FCA)Financial 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-F248Financial 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-F286Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Financial 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-F255
Clients10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+142,500+1,000,000+10,000+10,000+30,000+
Risk WarningYour capital is at riskCFDs and Spread Betting are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.37% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider.Your capital is at riskCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider.Losses can exceed deposits83.12% of retail investors' accounts incurred losses when trading differential contracts with this providerYour capital is at riskMargin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.Many of the products and services offered by members of the Velocity Trade group are country or jurisdiction specific.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at risk
Withdrawal FeesNoNoNoNoNoYesNoYesNoYesYesYesNoNoNoYes
Inactivity FeesNoYesNoNoYesNoNoYesYesNoNoNoYesNoNoYes
Deposit Fees2501002501200250100000100125050025025001250
CFD FeesNoYesNoYesNoNoNoNoNoYesYesYesNoYesNoNo
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalYesYesYesYesNoYesNoNoNoYesNoYesYesNoNoYes
Accepts SkrillYesYesYesNoNoYesNoNoNoYesNoYesYesNoYesYes
Accepts PayoneerYesNoYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts NetellerYesYesYesYesNoYesNoNoNoYesNoYesYesNoNoYes

Online Share Trading In Latvia

Trading Assets in Latvia is highly controlled and considered very secure. However, as always, that any investment can go down as well as up, which means that your capital is in danger.

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

Live Forex Trading In Latvia

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

Forex (short for Foreign Exchange) is a currency exchange between two distinct countries and the following management of the consequent position in which one currency gains and the other loses.

It is easy to do Live Forex Trading in Latvia with seasoned online agents

Live CFD Trading In Latvia

CFD trading is the buying and selling of contracts for difference via an online provider 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 trusted online brokers like plus500 or 101Investing. It is a simple bet as to whether the price will go up or down.  Normally, the Latvia online trading platforms will display the prices you have.

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

Trading Forex in Latvia

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

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

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

The online trading solutions used by brokers in Latvia are extensively tested and highly rated & secure.

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

  • Easy to use platform
  • Access to a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Able to perform social trading
  • Quick online help or support

Challenges Of Trading in Latvia

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

Like every country there are challenges in Latvia financial markets but overall the prospects are good. However, like in all global economic markets we recommend that any Online Trading Platforms in Latvia you decide to use, make sure you do your due diligence first before risking any real money. We have collated hundreds 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 deemed unsafe. This is not the case, Forex trading in Latvia is very active, regulated and safe.

Trading in Forex is allowed in Latvia as for any business to trade globally, foreign currency must be exchanged. Whenever you buy something and it is shipped from abroad, there'll be multiple currency exchanges by multiple companies to get that item to you.

The main issue is that if trading Forex in Latvia you pick one of the top online agents.

Do Forex Traders Pay Tax In Latvia?

After a dealer is successful and their profits achieve a particular 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 reduction. You should seek out advice with a documented accountant in Latvia to ensure you're abiding by all present regional laws since it is very dependent on your personal conditions.

Can You Trade Cryptocurrencies In Latvia?

Cryptocurrency markets in Latvia are quite new. As Cryptocurrencies work on decentralised resources in Latvia matters like interest rate fluctuations and political instability do not impact them as far as the currency markets.

Cryptocurrencies are more popular with the younger generations and with growing income levels and technology adoption, trading cryptocurrency in Latvia is rising day by day. It is still modest in comparison to the Forex markets however around $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Latvia?

Commodities trading in Latvia includes trading in matters like precious metals, energies and agricultural commodities.

Some commodities like agricultural are seeing exponential growth inLatvia.

Fast growing markets like India have a significant need for many basic raw materials for their inhabitants. This means that states like Latvia can benefit from the situation.