5 Best Forex Brokers in Latvia
We’ve listed the 5 Best Forex Brokers in Latvia that provide secure, trustworthy, and well-regulated access to global currency markets. Moreover, forex trading in Latvia is fully legal, with oversight provided by reputable European regulators who enforce strict licensing and compliance standards. This regulation ensures Latvian traders enjoy transparency, strong fund protection, and reliable trading conditions. In addition, traders in Latvia can access a wide range of forex pairs, commodities, indices, stocks, and cryptocurrencies while trading on platforms known for competitive spreads, fast execution, and safe account management.
5 Best Forex Brokers in Latvia (2025)
- XTB – Overall, the Best Forex Broker in Latvia.
- XM – Supports MT4 and MT5 platforms with intuitive interfaces.
- Libertex – European-regulated broker with reliable protection for Latvian traders.
- AvaTrade – Fixed and variable spreads with transparent trading conditions.
- IC Markets – Extensive selection of forex pairs, commodities, indices, and crypto.
10 Best Forex Brokers – Globally
Pros and Cons of EU-Regulated Forex Brokers in Latvia – Immediate Advantages and Disadvantages
| ✓ Pros | ✕ Cons |
| Strong consumer protection under 🇨🇾 CySEC or 🇵🇱 KNF licensing. | Limited number of brokers operate with full EU licences in Latvia. |
| High transparency and strict operational oversight under MiFID II rules. | Leverage is lower compared to offshore brokers. |
| Segregated client funds improve account safety. | Fewer bonuses and promotions are available. |
| Regular supervision ensures broker accountability. | Tighter controls can reduce platform flexibility. |
| Clear dispute-resolution channels for Latvian traders. | Available instruments may be more restricted than global brokers. |
1. XTB
XTB is regulated to serve Latvian traders through its EU licences from 🇵🇱 KNF and 🇨🇾 CySEC. In addition, the broker operates under MiFID II rules, offering secure access to forex and CFD markets with strict client fund protection, transparent trading conditions, and strong risk management standards.
| Feature | Why It Stands Out |
| EU Regulation | 🇵🇱 KNF and 🇨🇾 CySEC licences |
| Trading Platforms | xStation 5 and MT4 |
| Market Range | Forex indices commodities crypto |
| Client Protection | Segregated funds risk safeguards |
| Availability | Accepts traders from Latvia |
 | Minimum Deposit: $0 Regulated by: FCA, KNF, IFSC, CySEC Crypto: Yes |
Frequently Asked Questions
Is XTB regulated for Latvian clients?
Yes. XTB holds licences from 🇵🇱 KNF and 🇨🇾 CySEC, allowing it to operate legally across the European Union. Latvian traders receive the same regulatory protections as all EU clients, including fund segregation, negative balance safeguards, and standardized disclosure requirements.
Can residents of Latvia open an account with XTB?
Yes. XTB accepts Latvian residents under its EU regulatory framework. Traders can register through the Cypriot or Polish entity and access forex, indices, commodities, and cryptocurrency CFDs. Account verification follows standard EU procedures designed to ensure safety and regulatory compliance.
| Minimum Deposit: $0 Regulated by: FCA, KNF, IFSC, CySEC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong EU regulation | Lower leverage under EU rules |
| Tight spreads | CFD risk remains high |
| Advanced platforms | Some fees may apply |
| Good education | Limited crypto selection |
| Negative balance protection | No very high leverage options |
Our Insights
XTB is fully regulated and available to Latvian forex traders through its EU-licensed entities. Its 🇵🇱 KNF and 🇨🇾 CySEC authorizations support a secure trading environment with strong investor protections. Latvian clients benefit from transparent execution, competitive pricing, and reliable platform technology under MiFID II.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
2. XM
XM operates in Latvia through its European entity that holds a licence from 🇨🇾 CySEC. This authorisation allows the broker to offer trading services across the European Union under MiFID II rules. Latvian traders receive standardized investor protections, transparent pricing, and secure access to forex and CFD markets.
| Feature | Why It Stands Out |
| EU Regulation | 🇨🇾 CySEC licence |
| Low Minimum Deposit | Starts from 5 USD |
| Platforms | MT4 and MT5 support |
| Market Access | 1,000 plus CFDs |
| Client Protection | Segregated funds and negative balance protection |
 | Minimum Deposit: $5 Regulated by: FSC Crypto: Yes |
Frequently Asked Questions
Is XM regulated for traders in Latvia?
Yes. XM provides services to Latvian traders through its 🇨🇾 CySEC-licensed European company. In addition, this regulatory structure requires strict compliance with EU financial rules, including client fund segregation, risk management standards, transparent reporting, and negative balance protection for all eligible retail traders in Latvia.
Can residents of Latvia open an XM trading account?
Yes. XM accepts clients from Latvia through its regulated European branch. In addition, Latvian residents can complete standard EU verification and access forex, indices, commodities, metals, stocks, and cryptocurrency CFDs. The broker follows MiFID II rules that support investor safety, trading transparency, and responsible leverage limits.
| Minimum Deposit: $5 Regulated by: FSC Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong EU regulation | EU leverage limits |
| Low minimum deposit | Some fees may apply |
| Wide instrument range | No extremely high leverage |
| Supports MT4 and MT5 | Bonus rules can be strict |
| Solid client protection | Limited crypto availability |
Our Insights
XM is fully regulated and available to Latvian forex traders under its 🇨🇾 CySEC authorisation. In addition, Latvian clients trade within a secure EU regulatory framework designed to protect retail investors. XM delivers low entry requirements, wide market coverage, and reliable platforms while maintaining strict compliance with MiFID II safeguards.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3. Libertex
Libertex serves Latvian traders through its EU entity, Indication Investments Ltd, which holds a licence from 🇨🇾 CySEC (license 164/12). This regulation allows Latvian clients to trade under MiFID II rules, with client fund protection, negative balance safeguards, and clear commission structures.
| Feature | Why It Matters |
| EU Regulation | 🇨🇾 CySEC-licensed |
| Cost Structure | Zero-spread, commission-based pricing |
| Platform Variety | Proprietary platform plus MT4/MT5 |
| Asset Coverage | 250+ CFDs including forex and crypto |
| Client Safety | Segregated funds, negative balance protection |
 | Minimum Deposit: $10 Regulated by: Not Regulated Crypto: Yes |
Frequently Asked Questions
Is Libertex regulated for Latvian clients?
Yes. Libertex operates via its EU entity, Indication Investments Ltd, which is regulated by 🇨🇾 CySEC. This licence ensures compliance with EU investor protection standards, including segregated client funds, negative balance protection, and compensation schemes for eligible retail clients.
Can traders in Latvia open a Libertex account?
Yes. Latvian residents can open accounts with Libertex’s Cypriot entity. In addition, they can access forex, commodities, stocks, indices, and crypto CFDs under EU-compliant trading terms with transparent pricing and investor protections.
| Minimum Deposit: $10 Regulated by: Not Regulated Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Transparent zero-spread pricing | Single main EU licence |
| Wide variety of trading instruments | Inactivity fee after six months |
| Proprietary and MetaTrader platforms | Higher minimum deposit |
| Suitable for beginners and experienced traders | Commissions per trade may apply |
| Strong investor protections | Leverage may be lower inside EU |
Our Insights
Libertex is regulated and available to Latvian traders through its 🇨🇾 CySEC-licensed EU company. In addition, the broker offers zero-spread pricing, diverse market coverage, and secure fund management. While it operates with a single main EU licence, it still provides a regulated and transparent environment for retail traders in Latvia.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐⭐ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐☆☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
3 Best Forex Brokers in Latvia – Head to Head
| Broker |  |  |  |
| Minimum Deposit | Varies by account | 5 USD | 10 USD |
| Regulation | FCA KNF IFSC CySEC | FSC (BZ) FSC (MU) FSA (SC) | FSCA FSC (MU) VFSC |
| Spreads From | 0.1 pips | 0.6 pips | 0.0 pips (EUR/USD) |
| Commissions | Variable | Zero on most accounts | Varies |
| Leverage | Up to 1:500 | Up to 1:888 | Up to 1:1000 |
| Swap Fees | Yes | Yes | Yes |
| Margin Requirements | Variable | Variable | Variable |
| Instruments | Forex indices commodities crypto | 1,000+ CFDs | 50+ currency pairs + CFDs |
| Extra Features | Negative balance protection, investor protection | Rebate program, low minimum deposit | Inactivity fee after 6 months |
4. AvaTrade
AvaTrade operates in Latvia through its European branch, Ava Trade EU Ltd, which is licensed by the 🇮🇪 Central Bank of Ireland. This licence allows Latvian traders to access forex and CFD markets under MiFID II protections, including segregated client funds and investor compensation coverage.
| Feature | Why It Stands Out |
| Regulation | 🇮🇪 Central Bank of Ireland (MiFID II) |
| Product Range | 1,200+ CFDs on forex, indices, stocks, crypto |
| Platforms | MT4, MT5, AvaTradeGO, AvaOptions |
| Client Protection | Segregated funds, negative balance protection |
| Compensation Scheme | EU investor compensation coverage |
 | Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Frequently Asked Questions
Is AvaTrade regulated for Latvian clients?
Yes. AvaTrade operates its EU branch under 🇮🇪 Central Bank of Ireland regulation. This, in turn, ensures compliance with MiFID II rules, providing investor protections such as segregated client accounts, transparent operations, and access to EU investor compensation schemes.
Can traders from Latvia open an AvaTrade account?
Yes. Latvian residents can register with AvaTrade’s Irish-regulated EU entity. In addition, they can trade forex, commodities, indices, stocks, and cryptocurrencies under a fully regulated EU framework with standard protections and transparent trading conditions.
| Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strong EU regulation | Leverage capped under EU rules |
| Very broad asset coverage | Some inactivity and withdrawal fees |
| Multiple platforms | Not lowest cost for high-volume traders |
| Segregated client funds | Compensation limits apply |
| Negative balance protection | Advanced tools may require learning curve |
Our Insights
AvaTrade is available to Latvian traders through its 🇮🇪 Irish-regulated EU entity, offering wide market access, secure fund segregation, and strong investor protections. Although EU rules limit maximum leverage, AvaTrade still provides a reliable and transparent trading environment suitable for retail traders in Latvia.
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐☆ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐⭐☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐⭐ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐⭐ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐☆ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐⭐ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5. IC Markets
IC Markets serves Latvian traders through its EU‑licensed arm, IC Markets (EU) Ltd, which holds a 🇨🇾 CySEC (Licence No. 362/18). This licensing ensures that Latvian clients trade under MiFID II rules, with segregated funds, negative-balance protection, and coverage by the Cypriot investor compensation fund.
| Feature | Why It Stands Out |
| Regulation | 🇨🇾 CySEC-licensed (EU) |
| Market Access | Forex CFDs indices crypto |
| Execution | Low-latency raw-spread accounts |
| Account Types | Standard and Raw accounts |
| Client Protection | Segregated funds, investor compensation |
 | Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Frequently Asked Questions
Is IC Markets regulated for Latvian clients?
Yes. IC Markets (EU) Ltd operates under 🇨🇾 CySEC regulation, which enforces strict EU rules on capital requirements, client protections, and transparent operations, ensuring that retail traders in Latvia trade in a safe, compliant environment.
Can traders in Latvia open an IC Markets account?
Yes. Latvian residents can open accounts with IC Markets’ EU entity. In addition, they access forex, indices, commodities, and CFD markets under EU-compliant safeguards, which include segregated funds, negative balance protection, and investor compensation coverage.
| Minimum Deposit: $200 Regulated by: FSA Crypto: Yes |
Pros and Cons
| ✓ Pros | ✕ Cons |
| Strict EU regulation | Leverage capped under EU rules |
| Very tight spreads on Raw account | Standard account spreads wider |
| Strong liquidity and execution | Limited local tools/support |
| Multiple platforms (MT4, MT5, cTrader) | No EU bonus offers |
| Investor compensation scheme | Minor regulatory limitations |
| # | Criteria | Score |
| 1 | Overall Rating and Trust Score | ⭐⭐⭐⭐⭐ |
| 2 | Range of Investments, Platforms and Tools | ⭐⭐⭐⭐☆ |
| 3 | Commissions, Fees, and Bonus Offers | ⭐⭐⭐⭐☆ |
| 4 | Research and Education | ⭐⭐⭐☆☆ |
| 5 | Mobile Trading and User Experience | ⭐⭐⭐⭐☆ |
| 6 | Customer Support and Regulatory Compliance | ⭐⭐⭐⭐☆ |
| 7 | Deposit and Withdrawal Option | ⭐⭐⭐⭐☆ |
| 8 | Execution Speed and Order Types | ⭐⭐⭐⭐⭐ |
| 9 | Risk Management and Safety Measures | ⭐⭐⭐⭐☆ |
| 10 | Markets Analysis and Trading Tools | ⭐⭐⭐⭐☆ |
5 Best Forex Brokers in Latvia – A Comparison
| Regulated by top-tier authorities, ensuring safe trading for Latvian clients. |  |  |
| Offers flexible account types with low minimum deposits. | | |
| European-regulated broker with reliable protection for Latvian traders. | | |
 | Multiple platforms: MT4, MT5, AvaOptions, and AvaTradeGO. | | |
 | Extremely tight spreads and low commissions, ideal for active traders. | | |
Forex Trading in Latvia – Quick Overview
Forex trading in Latvia is fully legal and growing in popularity among retail and professional traders. Furthermore, the activity is overseen primarily by reputable European regulators, ensuring that brokers adhere to strict compliance, licensing, and financial protection standards. Latvian traders can access a wide range of financial instruments, including major and minor currency pairs, commodities, indices, stocks, and cryptocurrencies.
Trading platforms commonly used in Latvia offer tight spreads, fast execution, and secure account management. In addition, with the availability of demo accounts and strong educational resources, both beginners and experienced traders can participate safely in the global forex market.
Pros and Cons of Forex Trading in Latvia
| ✓ Pros | ✕ Cons |
| Legal and well-regulated market | Trading involves risk of loss |
| Access to global financial instruments | Some brokers may have high minimum deposits |
| Transparent and secure trading conditions | Complex strategies may require experience |
| Platforms with fast execution and low spreads | Emotional trading can lead to mistakes |
| Educational resources available for beginners | Limited local support for some brokers |
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In Conclusion
Forex trading in Latvia offers a secure and transparent environment for traders seeking access to global markets. Moreover, with well-regulated brokers, advanced platforms, and diverse instruments, Latvian traders can therefore enjoy efficient, flexible, and informed trading opportunities.
Faq
Yes, Forex trading is legal in Latvia and regulated under European financial authorities.
Yes, most brokers in Latvia are licensed by EU regulators such as 🇨🇾 CySEC, 🇬🇧 FCA, or other top-tier authorities.
Latvian traders can also trade forex, commodities, indices, stocks, and cryptocurrencies.
Yes, brokers also offer demo accounts, educational resources, and low-risk trading options.
Yes, Forex profits are also subject to Latvian income tax regulations.
