DEGIRO Latvia: Alternatives for 2026

DEGIRO was founded in 2008 in Amsterdam and launched its retail services in 2013, expanding to several European countries shortly after. The platform has grown steadily over the years, reaching over 3 million clients across 18+ European countries – making it one of the largest discount brokers in Europe.

Is DEGIRO available in Latvia?

Yes, but not directly. Latvia is one of DEGIRO’s accepted residency countries, so Latvian residents can open and use an account. What DEGIRO does not have is a dedicated Latvian website or a local entity, and Latvia is not one of its focus markets. Those are the countries with localised sites, such as Germany, France, Spain and the Netherlands.

In practice, this means you sign up through one of DEGIRO’s existing entities rather than a “DEGIRO Latvia” page. Registration is done via the DEGIRO app, and you will need to be 18 or over, hold a valid form of identification, have a euro-denominated bank account within the SEPA zone, and be a tax resident in an accepted country (Latvia qualifies). It works, it is simply less straightforward than in DEGIRO’s core markets, which is why many Latvian investors prefer brokers with a stronger local presence.

The reason DEGIRO has not built a localised Latvian presence (a Latvian-language interface, local-language customer support, marketing, dedicated tax-reporting integration) comes down to market scale: those investments tend to only make sense for brokers once a market reaches a certain size, and Latvia’s retail investor base (population ~1.8 million) is relatively small. That does not stop Latvian residents from opening an account, but it does mean the experience is less tailored than in DEGIRO’s focus markets. Several strong competitors already serve Latvian residents with a more localised offering and comparable (or better) functionality.

Want to know the best online brokers available to Latvian residents? We’ve got you covered.

Best DEGIRO alternatives in Latvia

DEGIRO does accept Latvian residents, but if you would rather use a broker that is a better fit for the Latvian market, or simply want to weigh your options first, you are in luck. The broader competitive landscape has improved dramatically over the past several years. Multiple top online brokers now offer commission-free or low-cost trading on stocks and ETFs, with strong regulatory oversight and modern platforms.

All the alternatives we recommend below are regulated by top-tier authorities such as the UK’s Financial Conduct Authority (FCA), Germany’s BaFin, Cyprus’ CySEC, Ireland’s Central Bank of Ireland (CBI), and the US SEC and FINRA – giving Latvian residents strong regulatory protection.

Based on criteria including demo account availability, commission-free trading, educational materials, and regulatory standing, here are our top picks for Latvian investors:

Founded in 2007, eToro is an international online broker with over 40 million users globally, offering trading on a wide range of financial assets including stocks, ETFs, real cryptocurrencies, and CFDs on stocks, ETFs, commodities, forex, indices, and cryptocurrencies. Real ETFs are traded commission-free as whole shares or fractional shares, while most stock trades carry a $1 commission ($2 on Australia, Hong Kong, Dubai, and Abu Dhabi exchanges). Other fees may apply.

eToro went public on NASDAQ (ticker: ETOR) in May 2025 – adding meaningful credibility through public-market disclosure and oversight. The platform is accessible via both web and mobile and is built around a social trading hub: investors can engage in discussions, follow other traders, and copy their strategies through the CopyTrader feature, or invest in Smart Portfolios (thematic ready-made baskets of stocks and ETFs).

The demo account ($100,000 in virtual money) is genuinely useful for beginners – it provides full hands-on experience with the live platform, so the transition to real investing is seamless. European investors can now open and fund their account in EUR directly, removing the FX conversion costs that previously applied for non-USD users.

On the downside, withdrawals carry a $5 fee with a $30 minimum, and an inactivity fee of $10 per month applies if you don’t log into your account for over a year. Spreads on some CFD products are wider than at specialist brokers.

eToro is regulated by multiple top-tier authorities: the FCA (UK), CySEC (Cyprus), ASIC (Australia), and ADGM FSRA (UAE). The European entity is authorised by CySEC, providing EU-wide passporting to serve Latvian residents under the EU single market framework.

For Latvian investors specifically: eToro is accessible across the EU including Latvia, and capital gains and dividends are subject to Latvian tax rules. Latvia generally applies a flat 20% personal income tax rate on capital gains and dividends, with reporting handled through the annual income tax declaration to the State Revenue Service (Valsts ieņēmumu dienests, VID). eToro doesn’t withhold Latvian tax at source – you handle your own reporting.

Want to know more about eToro? Check our eToro review.

Founded in 1978 and publicly listed on NASDAQ (ticker: IBKR), Interactive Brokers is one of the largest global online brokers, having weathered every major financial crisis since the late 1970s with strong risk management and operational resilience.

Interactive Brokers offers a comprehensive set of platforms (Trader Workstation, IBKR Desktop, Client Portal, IBKR Mobile, GlobalTrader) designed for both retail investors and institutions, with global access to stocks, ETFs, options, futures, forex, bonds, mutual funds, and commodities across 150+ markets in 30+ countries. All markets are accessible from a single account, with Smart Routing delivering competitive execution across exchanges, complemented by strong technical and fundamental analysis tools.

Beginners and intermediate investors will find extensive educational resources, though the learning curve on the main platforms is steep – which is why IBKR is generally best suited to intermediate and advanced traders. Customer service is responsive and provides clear, technical answers to most questions.

On the downside, the fee structure is genuinely complex (tiered pricing varies by asset class, exchange, and monthly volume), the registration process is fully digital but takes longer than at simpler brokers, and trading isn’t commission-free. However, when you account for IBKR’s industry-low FX fees (0.20 bps, minimum $2), narrow spreads, and the Stock Yield Enhancement Program, most clients end up with significantly lower total costs than at competing brokers.

Interactive Brokers also offers IBKR GlobalTrader, a streamlined mobile app designed for newer investors – with fractional shares from $1, automatic currency conversions, a paper trading mode with $10,000 in simulated cash, and a much more accessible interface than IBKR’s main platforms.

For Latvian investors specifically: IBKR provides EUR base currency support, comprehensive tax reporting documentation that simplifies the annual VID declaration, and access to the full universe of European UCITS ETFs (alongside US and other global markets). IBKR doesn’t withhold Latvian tax at source, but auto-applies the reduced US dividend withholding rate under the Latvia-US tax treaty when you file a W-8BEN form during onboarding.

Want to know more about Interactive Brokers? Check our Interactive Brokers review.

3. Freedom24

Established in 2008, with 370,000+ worldwide clients and a rating of 4.7 out of 5 on Trustpilot, Freedom24 continues to show its mark. You can invest in stocks, ETFs, bonds, futures, and US options at the lowest price in Europe, and it gives you access to several international markets such as NASDAQ, NYSE, CME, HKEX, LSE, Deutsche Börse, and KASE. The platform also offers fixed-income savings plans that let you earn high interest on uninvested cash (up to 3.6% in EUR and up to 5.8% in USD).

Freedom24 offers four service plans with different costs: Smart, Fix, or Super in EUR and an all-inclusive plan in USD. Freedom24 has a free Promo plan for new users where you can trade with a 0% brokerage fee for the first 30 days. After the first month, the Smart tariff is applied automatically, and you can choose one of the optional tariff plans, with the brokerage fees starting from €1.2 per order and €0.008 per stock/ETF.

The company offers a web-based trading platform and a mobile app. Both platforms are easy to use, well-designed, and intuitive, even for beginners. What we liked the most about the trading platform is the “InvestIdeas” tab, which allows you to look at research conducted by Freedom24 analysts, talking about particular stocks and giving ideas about attractive investment opportunities.

In 2023, Freedom24 was named the gold “Service Champion” by the influential German newspaper Die Welt and awarded by major technology media CHIP.de. The market cap of this NASDAQ-listed company (ticker: FRHC) is more than $4.8 billion.

On the downside, it charges €7 per withdrawal and presents an above-average currency conversion fee (however, allowing to deposit funds directly in EUR/USD/GBP without conversion).

Want to know more about Freedom24? Check our Freedom24 Review.

Disclaimer: Investments in securities and other financial instruments always involve the risk of loss of your capital. The forecast or past performance is no guarantee of future results. It is essential to do your own analysis before making any investment. If needed, you should carefully seek independent investment advice from a certified professional.

Revolut Trading isn’t a standalone app but rather a feature integrated within the broader Revolut app. It’s a streamlined way to invest in a single tap from the same app you use for banking, payments, and money transfers. The product range and fee structure depend on your Revolut subscription tier:

• Standard (free tier): typically 1 commission-free trade per month, then €1 per trade (varies by jurisdiction).
• Plus / Premium / Metal / Ultra: higher monthly free-trade allowances, with paid trades at €1.
• Crypto: available across all tiers with a spread that varies by tier (typically 1.49% for Standard users, lower for premium tiers).
• Commodities (gold and silver): spread of around 0.25% when markets are open.
• Annual custody fee: approximately 0.12% on holdings.
• No inactivity or withdrawal fees.

Revolut Trading has expanded its product range significantly since its early launch – it now offers US and European stocks, plus selected ETFs through the Revolut Securities Europe UAB entity (Lithuanian-licensed, with EU passporting). However, the platform still lacks options, futures, bonds, and mutual funds – so it’s not a substitute for full-service brokers like IBKR for sophisticated investors.

The Revolut Trading experience is genuinely self-directed: there’s limited educational content or market research within the platform, so you need to know what you’re doing, define your investment strategy independently, and decide your buy/sell timing without much hand-holding. The interface is clean, intuitive, and fast – which suits investors who already know what they want to buy.

For Latvian investors, Revolut operates in Latvia under the EU passporting framework and provides EUR-denominated trading – eliminating most FX conversion costs for European stock and ETF trades. Capital gains and dividends are reported through the standard VID annual declaration.

Want to know more about Revolut Trading? Check our Revolut Trading review.

DEGIRO’s advantages

DEGIRO is available to Latvian residents, just without a localised Latvian setup. It’s still worth understanding what makes the platform attractive – both to weigh it against the alternatives above and to know what features to look for. Compared with eToro, Interactive Brokers, and Revolut, DEGIRO offers a distinctive combination of benefits:

• Clean trading platform: DEGIRO’s interface is minimalist and uncluttered while remaining genuinely useful. The search engine lets you find any security by entering its name, ticker symbol, or ISIN code – making it particularly easy to navigate the platform’s broad selection.
• Manual currency conversion: DEGIRO lets you perform manual FX conversions from your base currency (EUR, GBP, CHF, etc.) into nine other currencies. For example, if you sell Amazon shares (priced in USD), you can keep the proceeds in USD rather than auto-converting back to EUR – useful if you plan to buy other USD-denominated stocks next, since it avoids a “double FX fee.” Most other brokers automatically convert to your base currency by default.
• Restrained notifications: DEGIRO avoids the noise-laden notifications common on other platforms. Alerts focus on genuinely useful information – market holidays, regulatory updates, material corporate actions – rather than the “Stock X is up 8%!” alerts that can trigger emotional short-term decisions on platforms like eToro or Revolut. This makes DEGIRO better-suited to long-term, buy-and-hold investors who don’t want their phone constantly nudging them to trade.
• Curated commission-free ETF list: DEGIRO offers an ETF Core Selection of commission-free ETFs (with a €1.00 flat handling fee plus external costs) – a useful feature for cost-conscious passive investors.

DEGIRO’s drawbacks

When DEGIRO entered the European market, its low-cost model was genuinely disruptive. However, competitors have since adapted – many now offer comparable or better pricing, especially for European retail investors. Here are some DEGIRO drawbacks that the alternatives covered above tend to handle better:

• Connectivity fee: DEGIRO charges €2.50 per exchange per year (capped at 0.25% of your account value). If you hold positions on NYSE, NASDAQ, and Frankfurt/Xetra, that’s €7.50/year minimum just to keep those positions open – regardless of trading activity.
• Transaction and external costs: DEGIRO charges €1.00 per transaction for US, Canadian, and home-country stocks, and €3.90 per transaction for other EU stocks, plus a €1.00 flat handling fee on every trade (including ETF Core Selection trades). DEGIRO does tend to offer tighter spreads than some competitors, though spreads are harder to quantify than explicit commissions – so most pricing comparisons focus on the explicit fees.
• No localised Latvian setup: Because Latvia is not one of DEGIRO’s focus markets, there is no Latvian-language interface, no local-language customer support, and no dedicated Latvian tax-reporting integration. Latvian residents can still open and use an account, but the experience is less tailored than at brokers that actively serve the local market.
• Investor compensation scheme: DEGIRO operates under flatexDEGIRO Bank AG (German-regulated), with client securities protected up to 90% with a €20,000 maximum under the German Investor Compensation Scheme. In practice, this means if DEGIRO defaulted, you’d receive €18,000 on a €20,000 securities holding. Cash held with flatexDEGIRO Bank AG is separately protected up to €100,000 under the German Deposit Guarantee Scheme. By comparison, brokers operating under Cyprus Investor Compensation Fund (ICF) protection – like eToro Europe – provide a flat €20,000 minimum coverage, while IBKR Ireland clients are covered up to €20,000 under the Irish Investor Compensation Scheme. None of these schemes is generous by global standards, but coverage structures differ.

Which platform should you choose?

Whether you choose DEGIRO, eToro, Interactive Brokers, Revolut, or another broker, take the time to compare platforms carefully before committing. Key factors to weigh as a Latvian investor:

• Fees: trading commissions, FX conversion costs, custody fees, withdrawal fees, and inactivity fees – these add up over time and can meaningfully affect long-term returns.
• Regulation: ensure the broker is supervised by top-tier authorities (FCA, BaFin, CySEC, CBI, SEC/FINRA). Brokers operating under EU passporting can serve Latvian residents while maintaining strong regulatory protection.
• Product range: not all brokers offer the same access to EU UCITS ETFs, US stocks, options, bonds, or cryptocurrencies. Match the broker to the asset classes you actually need.
• Currency support: brokers offering EUR base currency (or EUR-denominated trading like Revolut) avoid unnecessary FX conversion costs on European securities.
• Tax reporting: brokers providing well-formatted year-end statements simplify the annual VID (Valsts ieņēmumu dienests) tax declaration considerably. Capital gains and dividends from foreign investments are subject to Latvian tax under your annual income tax return.
• Educational resources: if you’re newer to investing, brokers with stronger educational content (eToro Academy, IBKR Campus) can be a meaningful plus.

The best broker for you ultimately depends on your investment profile, time horizon, asset preferences, and personal preferences. Explore our broker comparison tool to compare options side by side.

If you need further guidance or have questions, feel free to contact us. Happy investing.