Best forex brokers in Latvia (2026)

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Overview

Updated · Ranking rebuilt from the latest broker ratings

Choosing a forex broker in Latvia can feel complex. This page helps you compare platforms that serve local clients, so you can find what fits your needs. You will see a short list below and a simple comparison tool. You can review costs, platform ease, markets, order types, mobile app, support, funding, and education. You can also check risk tools and withdrawal steps. A demo account can help you learn the platform. Only trade what you can afford to lose. Trading CFDs involves risk. All information on BrokerCatalogue is for general informational purposes and should not be considered financial, legal, or investment advice. We aim to make your choices clear, while you decide what works for you in Latvia.

Broker of the Month

FOREX.com 10.0
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The Top 10 Forex Brokers

At a glance

#BrokerRatingRegulationFoundedPlatforms
1FOREX.com10/10ASIC, CFTC, FCA2001MT4, MT5, Proprietary
2Interactive Brokers10/10ASIC, CBI, CFTC1977Proprietary
3Plus50010/10ASIC, CFTC, CySEC2008Proprietary
4Saxo Bank10/10ASIC, DFSA, FCA1992Proprietary, TradingView
5Swissquote10/10CSSF, DFSA, FCA1996MT4, MT5, Proprietary
6FP Markets9/10ASIC, CMA, CySEC2005cTrader, MT4, MT5
7JustMarkets9/10FSA Seychelles, FSC Mauritius, SVGFSA2012MT4, MT5
8TradeStation9/10CFTC, FCA, NFA1982Proprietary
9Capital.com8.8/10ASIC, CySEC, FCA2016MT4, Proprietary, TradingView
10HYCM8.7/10CIMA, CySEC, DFSA1977MT4, MT5
  1. FOREX.com 10.0
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  2. Interactive Brokers 10.0
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  3. Plus500 10.0
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  4. Saxo Bank 10.0
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  5. Swissquote 10.0
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  6. FP Markets 9.0
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  7. JustMarkets 9.0
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  8. TradeStation 9.0
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  9. Capital.com 8.8
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  10. HYCM 8.7
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How We Pick These Brokers

The brokers on this page are chosen and ranked using BrokerCatalogue’s independent review framework. We look at regulation, safety of client funds, trading costs, platforms and tools, execution, and overall fit for this specific use case or region.

Some brokers may be our partners, but no broker can pay to change its score or ranking. Sponsorship can affect visibility (for example, “featured” labels), not how we rate risk or quality.

This page is for information only and is not financial or investment advice. Always do your own research.

See our Affiliate & Advertising Disclosure, Methodology and Risk Disclosure for full details.

Frequently Asked Questions

Forex trading is allowed in Latvia. You should use a firm that is authorized and supervised by the national financial regulator or another authority in the European Economic Area. Regulated firms must follow rules on client money, disclosures, and marketing. You also face market risk and product complexity. Read the broker’s terms, risk warnings, and order execution policy. Make sure the broker lists Latvia in its permitted countries and shows clear contact details. This information is general and not advice.

Start with authorization and oversight. Check that the firm is licensed to offer forex and CFDs to Latvia residents. Compare total trading costs, not just the headline spread. Test the platform for stability, charting, and order types you use. Review funding options that work with your bank, and read the withdrawal rules. Check customer support hours and languages. Look for clear policies on conflicts of interest and execution. Read the legal documents before you open an account.

Find the firm’s legal name and registration number on its website. Use the public register of the national financial supervisor to confirm the authorization and permitted services. You can also check an official European register for cross-border permissions. Make sure the address, phone, and website match the register. Watch out for clone websites that copy a real firm’s details. If anything looks off, contact the supervisor directly using details on the official site.

Your total cost often includes the spread, any commission, overnight financing, currency conversion, inactivity, and funding or withdrawal fees. Banks or payment providers may charge their own fees. Costs change with market conditions and the product you trade. Read the broker’s fee schedule and product information before you place orders. Test with a small transfer to confirm how fees appear on statements. Focus on the all-in cost you pay per trade, not a single line item.

Forex prices move quickly. Leverage increases your exposure, so small price moves can cause large losses. Orders may fill at different prices during fast markets. Fees and financing can reduce your balance over time. Platforms, apps, or your internet may fail. If a broker is not well regulated, you may have weak protections. Learn how margin, stop orders, and liquidation work on your account before you trade live, and use only trusted payment methods.

You can use a broker based outside Latvia if it is authorized to serve Latvia residents. Verify the license, cross-border permissions, and consumer protections. Check how client money is held and which dispute body applies. Review funding options, transfer times, and any extra fees for international payments. Be aware of different legal systems and languages in contracts. If you are unsure, ask the national supervisor how to confirm a firm’s status.

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