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High Risk Warning: Trading forex carries a high level of risk.

HomeForexCountries
Latvia
Regulated

Best Forex Brokers in Latvia

Last updated May 3, 2026

Europe • 22 brokers available

22
Brokers
Key Regulator
FKTK
Lowest Min. Deposit
$0
Active Regulators
35 regulators

Latvia's Latvijas Banka (Bank of Latvia) licenses financial services firms under EU MiFID II. ESMA leverage caps (30:1 on majors) and investor compensation under the IEGF apply. Most global brokers serve Latvian traders via EU-passporting arrangements from Cyprus, Germany, or other member states.

Top Latvia Forex Brokers

22 brokers

IG

Trending
FCA, ASIC
4.8/ 5

IG invented spread betting in 1974 and remains the benchmark for experienced UK and European traders: unmatched market breadth, a genuinely excellent proprietary platform, and regulatory credibility that few brokers can match - at the cost of slightly higher charges than specialist ECN desks.

Min. deposit: No minimum

Spreads from 0.6 pips

Up to 30:1

Read Review

Saxo Bank

Trending
FCA, ASIC
4.7/ 5

Danish-licensed bank with the deepest multi-asset coverage we cover, premium SaxoTraderGO/PRO platforms, and tiered pricing for active traders.

Min. deposit: No minimum

Spreads from 0.6 pips

Up to 30:1

Read Review

Pepperstone

FCA, ASIC
4.7/ 5

Multi-regulated Australian ECN-style broker with fast execution, MT4 / MT5 / cTrader / TradingView and a strong active-trader rebate program.

Min. deposit: No minimum

Spreads from 0 pips

Commission: $7/lot

Up to 500:1

Read Review

OANDA

NFA, FCA
4.6/ 5

NFA- and FCA-regulated with strong US/UK coverage, transparent historical pricing, and excellent research.

Min. deposit: No minimum

Spreads from 1 pips

Up to 50:1

Read Review

FP Markets

ASIC, CySEC
4.5/ 5

True ECN pricing, all three major platforms, strong ASIC regulation, and IRESS integration for share CFDs - a complete package for active traders.

Min. deposit: $100

Spreads from 0 pips

Commission: $6/lot

Up to 500:1

Read Review

CMC Markets

FCA, ASIC
4.5/ 5

FCA-regulated and LSE-listed with one of the best proprietary platforms in retail FX and CFDs.

Min. deposit: No minimum

Spreads from 0.7 pips

Up to 30:1

Read Review

XTB

FCA, CySEC
4.5/ 5

LSE- and WSE-listed broker with strong European regulation, a genuinely excellent proprietary platform, and one of the most competitive fee structures in retail forex - especially for stock CFD and ETF traders.

Min. deposit: No minimum

Spreads from 0.8 pips

Up to 500:1

Read Review

AvaTrade

ASIC, FSCA
4.4/ 5

Heavily regulated across 6+ jurisdictions with a unique AvaOptions platform for vanilla options trading and strong educational content.

Min. deposit: $100

Spreads from 0.9 pips

Up to 400:1

Read Review

Admirals

FCA, ASIC
4.3/ 5

Multi-regulated broker with extensive account range, competitive Zero account spreads, strong EU regulation and quality webinar and education content.

Min. deposit: $100

Spreads from 0.5 pips

Commission: $6/lot

Up to 500:1

Read Review

Tickmill

FCA, CySEC
4.3/ 5

Among the lowest commissions available at $6 round-turn on Pro accounts, with strong FCA, CySEC, and FSCA regulation and transparent execution.

Min. deposit: $100

Spreads from 0 pips

Commission: $6/lot

Up to 1000:1

Read Review

ActivTrades

FCA, CMVM
4.3/ 5

FCA-regulated UK broker with 23 years of history, SMSG membership, and a proprietary ActivTrader platform featuring built-in volatility protection - strong in southern European markets.

Min. deposit: No minimum

Spreads from 0.5 pips

Up to 400:1

Read Review

FxPro

FCA, CySEC
4.3/ 5

Multi-platform broker with FCA and CySEC regulation, offering all four major retail platforms and transparent raw ECN pricing.

Min. deposit: $100

Spreads from 1.2 pips

Commission: $7/lot

Up to 500:1

Read Review

Capital.com

FCA, ASIC
4.3/ 5

Very low minimum deposit, AI-powered trading insights, zero commission, and strong FCA/ASIC/CySEC regulation - accessible for new traders.

Min. deposit: $20

Spreads from 0.6 pips

Up to 30:1

Read Review

ThinkMarkets

FCA, ASIC
4.2/ 5

No minimum deposit on standard account, a highly rated ThinkTrader mobile app, and JFSA regulation for Japanese clients.

Min. deposit: No minimum

Spreads from 0.4 pips

Commission: $7/lot

Up to 500:1

Read Review

Swissquote

FINMA, FCA
4.2/ 5

Swiss banking heritage with exceptional fund security, the broadest asset range in retail trading, and FINMA oversight - though minimum deposits are high.

Min. deposit: $1,120

Spreads from 1.7 pips

Up to 100:1

Read Review

Forex.com

NFA, CFTC
4.2/ 5

One of very few brokers accepting US retail forex clients, with deep research tools and competitive raw spreads for professional accounts.

Min. deposit: $100

Spreads from 1 pips

Commission: $7/lot

Up to 50:1

Read Review

eToro

FCA, CySEC
4.2/ 5

Best-in-class social and copy trading on a clean proprietary web/mobile platform. FCA / CySEC / ASIC regulated.

Min. deposit: $50

Spreads from 1 pips

Up to 30:1

Read Review

FXCM

FCA, ASIC
4.1/ 5

Veteran FCA-regulated broker with strong API support, MT4, and the proprietary Trading Station platform.

Min. deposit: $50

Spreads from 0.4 pips

Up to 400:1

Read Review

Skilling

CySEC, FCA
4.1/ 5

Modern Swedish-founded broker with CySEC and FCA regulation, a visually polished proprietary platform, and cTrader for advanced traders - well-positioned for EU retail clients seeking a contemporary alternative to legacy MetaTrader brokers.

Min. deposit: $100

Spreads from 0.7 pips

Up to 500:1

Read Review

NAGA

BaFin, CySEC
4.0/ 5

BaFin-regulated German-headquartered social trading broker with a purpose-built copy trading ecosystem - NAGA Trader merges a social feed, ranked traders, and one-click copy into a single platform.

Min. deposit: $50

Spreads from 0.7 pips

Up to 400:1

Read Review

Plus500

FCA, ASIC
4.0/ 5

LSE-listed with zero commission, intuitive proprietary platform, and negative balance protection - though limited research and no MT4.

Min. deposit: $100

Spreads from 0.6 pips

Up to 30:1

Read Review

easyMarkets

CySEC, ASIC
3.9/ 5

Fixed spreads, unique risk management tools (dealCancellation, freeze rate), and a very low $25 minimum deposit make easyMarkets accessible for risk-averse traders.

Min. deposit: $25

Spreads from 0.7 pips

Up to 400:1

Read Review

Other Europe Countries

Albania
Albania
1 brokers
Andorra
Andorra
1 brokers
Austria
Austria
26 brokers
Belarus
Belarus
4 brokers

Frequently Asked Questions

Forex trading is regulated in Latvia. The country currently has 22 brokers operating under its regulatory framework. Always verify a broker's licence with the FKTK before depositing funds.

Look for brokers regulated by the FKTK or a Tier 1 regulator such as the FCA or ASIC. Compare spreads, leverage caps, available instruments, and customer support in your language. Our list above is sorted by overall rating to help you shortlist quickly.

Regulated brokers under the FKTK are required to segregate client funds from company funds and participate in investor compensation schemes where applicable. Always check the broker's regulatory status and read the terms before depositing.

Leverage limits vary by jurisdiction. Under FKTK rules, traders in Latvia may be subject to local leverage restrictions, for example capped at 1:30 for major pairs. Check the specific broker's terms for the leverage available to residents of Latvia.

Yes. Most brokers available in Latvia offer iOS and Android apps compatible with platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Look for brokers that list "Mobile Trading" as a key feature.

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