CFDs are leveraged products and 73% of retail traders lose money when trading CFDs.Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Latvia

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:


Part 1

Why Choose
For Latvia?

scored best in our review of the top brokers for latvia, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages

offers one way to trade. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being segregating client funds, being established for over

Trust Score comparison

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you’ll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn’t available in the following countries: . They do not offer islamic accounts .

Part 3

A Comparison of vs. vs.

Want to see how stacks up against and ? We’ve compared their spreads, features, and key information below.

Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Base currency options
Funding options
Micro account
ECN account

Part 4


Plus500 is a trading platform offered within Latvia by Plus500CY Ltd. The Cypriot subsidiary company have offices in Limassol and are regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the most trusted and respected financial regulators in Europe. CySEC require that clients are treated fairly, with trades executed at the best price and speed possible, and that client assets are segregated in order to protect deposits in case of the insolvency of the firm. Plus500 are considered one of the leading brokers for traders in Latvia as they offer over 2000 financial instruments, including trading products such as CFDs on stocks and commodities, ETFs (Exchange Traded Funds), options, and currencies. Also, a dedicated website is available in the Latvian language, where customers can find out more about the platform, instruments available to trade and the company. The trading platform can also be viewed in Latvian, and Latvian customer support is available by live chat, telephone or email. Euros can also be selected as the base currency for the platform. In addition to desktop trading, mobile apps are available from the Apple App Store and Google Play. The platform delivers an intuitive user experience, making CFD trading accessible to novice traders.


AvaTrade are one of the leading online brokers worldwide. The company was founded in 2006 and in a short span of time, they have grown significantly with more than 200,000 registered customers trusting their services. AvaTrade’s services are provided through the subsidiary company, AVA Trade EU Ltd. throughout Europe, and authorised and regulated by the Central Bank of Ireland. Under the European Markets in Financial Instruments Regulations, AvaTrade are able to freely provide their services in Latvia. The website supports over 15 languages, and customer helplines are available in the region in Russia, Poland, Romania, Slovenia, and many other European countries. The company’s website hosts a rich collection of educational resources to facilitate and educate learning traders. These resources include free webinars, eBooks, in-depth articles, videos and market analysis. Customers can access more than 250 financial instruments across different markets through the AVA Trade platform including shares, stocks, bonds, cryptocurrencies (such as Bitcoin) and indices. Customers can also trade a wide range of Forex pairs through the MetaTrader 4 platform. All of the trading platforms offered by AvaTrade are accessible via web-based browsers and can also be downloaded as apps to mobile devices. AvaTrade also offer a 21-day demo account for traders to nurture their trading skills. Two main depositing methods are accepted in European countries such as Latvia, and they include wire transfer (with a £500 minimum) and credit or debit card (with a £100 minimum).


eToro were established in 2007 have become one of the most well-known social trading platforms. Within a decade, they have developed their user base to over 6 million, with in excess of 200 million positions open during July 2017. The platform is suitable for traders from around the world as it operates in more than 170 countries. Language support is available in a range of languages, so Latvian clients can select the most suitable for them from English, German, French, Polish and others. Within the EEA, eToro are able to provide their services freely with passport arrangements under the MiFID regime (Markets in Financial Instruments Directive). They are also responsible within each jurisdiction to the requirements set out by the local regulators, including the Financial Conduct Authority (FCA) and also the Cyprus Securities and Exchange Commission (CySEC). Client funds are kept separate from the firm’s operational funds to ensure that they are protected from third parties. Data protection regulations are also strictly adhered to, ensuring that personal information is kept secure. The social trading technology that eToro offer, CopyTrader‚Ñ¢, is one of its unique appeals. This gives traders the opportunity to observe and copy the portfolios of other users. Statistics are available so that traders can find the most highly-ranked, successful traders in order to mirror their trades. Furthermore, there is also the facility for clients to discuss their trading ideas and strategies, enabling less experienced clients to learn from others. The financial markets that eToro make available through the platform include commodities, stocks, indices, and the increasingly popular Exchange Traded Funds. Clients can take long or short positions on the markets with contracts for difference (CFDs). Other features include stop loss and take profit limits. A virtual eToro account is also available with US$100,000 for clients to experiment with. There is no time limit on the demo account so clients can continue to test their strategies alongside their real accounts. To open a live account, Latvian traders can deposit funds using Visa, Mastercard, and a range of ePayment service providers.

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