Your mind is set: “I want to invest my hard-earned money!”. Now, another question arises: “Which broker is the best one without letting fees eat away my profits?”
To help you choose the best broker in Latvia, we have taken a cost-benefit relationship, which made us select two online brokers based on factors that investors, like you, are looking for: fees (commission-free trading), investment platforms, a wide range of markets and instruments available, mobile apps, research availability, and education resources.
These are our suggestions for the best investing apps in Latvia:
✔️ All of them are authorized to operate in Latvia by the Financial and Capital Market Commission. As such, all are under investor protection schemes.
Comparison of commission-free brokers in Latvia
The leading social trading and investing broker with 20M+ users. Copy other investors, invest in pre-built portfolios, or trade by yourself.
Trading 212 is a global online broker that lets you trade stocks and ETFs for free. Besides, it offers CFDs on forex, commodities, and more,
Products and Markets
Real Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Cryptos and Commodities.
Real Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.
*Not all ETFs are offered with 0% commissions.
Currency Conversion fee
Starts from 50 pips
Investor Compensation Scheme
(per person, per instituion)
Up to €20.000
Up to £85.000
Commission-free brokers in Latvia
eToro at a glance
Founded in 2006, eToro is a well-known worldwide fintech startup and the leader in the social trading field (follow other people’s trades), with over 20 million users worldwide. You can also invest in other products such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies through their platform, which is intuitive and simple to use, making it a good choice for beginners. Plus, eToro offers commission-free stock and ETF trading in Europe (not all ETFs are commission-free).
Opening an account and depositing is easy, and you can even try it out with virtual money (demo account). On the downside, spreads can be high for some products. The only currency accepted (base currency) is the USD, which means that you’ll be charged currency conversion fees upon deposit and withdrawal if you deposit in another currency.
If you want to learn more, check our eToro Review.
eToro Pros and Cons
- Commission-free stock and ETFs trading (not all ETFs are commission-free)
- Social Trading and other innovative products
- Wide variety of financial products
- Slick, modern, and easy for anyone to use
- Top tier regulators
- Limited disclosed financial information
- Withdraw and inactivity fees
- Spread, overnight, inactivity, and currency conversion fees higher than average
- Offers primarily CFDs, which are high-risk instruments and with no asset ownership
- Only one base currency account (USD)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Commission-free brokers in Latvia
2# Trading 212
Trading 212 at a glance
Founded in 2006, Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple mobile application. The company aims to do this by allowing anyone to invest in over 10,000 stocks and ETFs, Forex, commodities, CFDs, and cryptocurrencies. Over 15 million people have already downloaded the app. In 2017, it was the trading app with the most downloads in Germany and, since 2016, it has remained 1st in the United Kingdom.
In Trading 212, you will find commission-free stocks and ETFs trading, fractional shares, and even an automatic investment system (Robo-advisor). Opening an account is extremely quick and easy. On the downside, it shows limitations regarding available products, such as the lack of bonds and options. It charges a 0.15% currency conversion fee when buying assets in a currency different from your base account.
Within the app, you will notice two distinct sub-platforms: Trading 212 Invest, where you can trade a range of assets free of charge and trading 212 CFD, where you may trade leveraged financial products (CFDs).
If you want to learn more, check our Trading 212 Review.
Trading 212 Pros and Cons
- Commission-free Real Stocks and ETFs trading
- AutoInvest & Pies feature
- Fast and easy account opening process
- Demo account
- Top Tier Regulators
- Limited product portfolio (no Options, Bonds, Mutual Funds or Futures)
- No relevant Fundamental tools
- Spreads on Forex CFDs may be high in certain trading hours
- Foreign exchange fees (0.15% and 0.50% in “Invest” and “CFDs” accounts, respectively)
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Which platform should you choose?
Some factors you should know when choosing an online broker are the fees charged if it is regulated by top-tier institutions such as the FCA in the UK, the range of products it allows you to trade (not all platforms allow you to trade EU stocks), among others.
The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!
A reminder that the above should not be seen as investment advice and should be considered information only. Investors should do their own research and diligence about the best-suited services and opportunities for their risk, returns, and impact strategy.
Hope we helped, and leave your comments below.
Other FAQs about Brokers in Latvia
How to invest in stocks from Latvia?
You can use one of the online brokers shown above: eToro and Trading 212.
What is a brokerage company?
It is an entity designed to be the middleman between you and the people you are trying to buy or sell a stock, ETF, crypto,… you name it!
Which broker is best in Latvia?
There is no single answer. It depends on what you value most: fees, security, investment platform or any relevant feature.
What are the types of investments you can make with a brokerage account?
You can trade stocks, ETFs, Forex, Bonds, Futures and CFDs on stocks, ETFs, indices, cryptocurrencies, commodities.