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Risk·77–82% of retail CFD accounts lose money. Trade only with capital you can afford to lose.
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Stockbrokers2026

Brokers by Country · LV

Stock Brokers in Latvia, 2026

Tracked byUpdated

Latvia is a eurozone member state under ESMA retail rules, with the Bank of Latvia (Latvijas Banka) acting as integrated supervisor since the 2023 FCMC merger. EU-passported brokers (CySEC, MFSA, BaFin) make up most of the cross-border retail offering, alongside domestically licensed names. SEPA dominates funding rails; the Klix instant-payment system is gaining traction. Latvia historically had a large non-resident banking sector that was largely wound down following AML reforms.

3 / 4 brokers accept Latvia

stock

  1. Editorial top pick

    01Deriv

    Local licenseBVIMFSA
    Open account at Deriv →
    Avg spread
    0.70pip
    editorial estimate
    Cost / lot
    $7.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000

    $5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill

    Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
    PlatformsMetaTrader 5, Deriv X

    Founded in 1999 · Verified Jun 1, 2026

    Full Deriv details →

  2. 02XM Group

    Local licenseASICCySECIFSC
    Open account at XM Group →
    Avg spread
    1.30pip
    midpoint of broker range
    Cost / lot
    $13.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000

    $5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list

    Fits ifYou want the lowest-friction entry in our list — $5 minimum deposit
    PlatformsMetaTrader 4, MetaTrader 5, Web Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full XM Group details →

  3. 03RoboForex

    IFSC
    Open account at RoboForex →
    Avg spread
    0.20pip
    broker-published typical
    Cost / lot
    $6.00
    incl. $4 commission
    Min deposit
    $10
    Max leverage
    1:500
    IFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000

    ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection

    Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimum
    PlatformsMetaTrader 4, MetaTrader 5, R Stocks Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full RoboForex details →

Country context

Regulator
Bank of Latvia · Latvijas Banka — central bank that absorbed the prior FCMC (Financial and Capital Market Commission) in 2023, now serving as integrated supervisor for banking, capital markets and insurance
Currency
EUR
Payment methods
SEPABank transferVisaKlix
Tax

Capital gains on financial instruments are taxed at 20% for residents on most income types under the Personal Income Tax Act. Foreign brokers do not act as withholding agents; income is self-declared via the SRS (State Revenue Service) annual return.

Retail trading rules

ESMA leverage caps apply (1:30 majors, 1:20 minors and gold, lower for other CFDs). Negative balance protection is mandatory. The Bank of Latvia publishes a public warnings list for unauthorised entities; binary options for retail are prohibited.

Frequently asked

Which brokers accept residents of Latvia?+

3 of 4 brokers in our ranking accept Latvia: Deriv, XM Group, RoboForex.

Who regulates brokers for Latvia?+

Primary regulator: Bank of Latvia — Latvijas Banka — central bank that absorbed the prior FCMC (Financial and Capital Market Commission) in 2023, now serving as integrated supervisor for banking, capital markets and insurance.

What payment methods are available?+

Common methods: SEPA, Bank transfer, Visa, Klix.

What are the tax rules for trading in Latvia?+

Capital gains on financial instruments are taxed at 20% for residents on most income types under the Personal Income Tax Act. Foreign brokers do not act as withholding agents; income is self-declared via the SRS (State Revenue Service) annual return.

Scope of coverage

Brokers tracked
14
Regulators indexed
55
Regulator actions logged
2
Latest pricing verification
Jun 1, 2026

Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.