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. Its parent company, flatexDEGIRO, reports around 3.66 million customer accounts (June 2026), 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 Latvian website or local support: its localised sites cover 15 countries, such as Germany, France, Spain and the Netherlands. DEGIRO also does not offer Baltic exchanges such as Nasdaq Riga.

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 bank account in your own name in the SEPA zone, and be resident in an accepted country (Latvia qualifies). DEGIRO is the Dutch branch of flatexDEGIRO Bank SE, a German bank supervised by BaFin (the German Federal Financial Supervisory Authority). It works, but it is less straightforward than in DEGIRO’s core markets, which is why many Latvian investors compare it with other brokers.

Without a localised Latvian setup, there is no Latvian-language interface, no local-language support and no tax report tailored to Latvia. That does not stop Latvian residents from opening an account, but the experience is less tailored than in DEGIRO’s focus markets.

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. Many leading online brokers now offer commission-free or low-cost trading on stocks and ETFs, with strong regulatory oversight and modern platforms.

All the alternatives below serve Latvian clients from EU entities under MiFID II (the EU’s Markets in Financial Instruments Directive): eToro and Freedom24 from Cyprus (CySEC, the Cyprus Securities and Exchange Commission), Interactive Brokers from Ireland (Central Bank of Ireland) and Revolut from Lithuania (Bank of Lithuania).

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 stock trades carry a $1 commission on most exchanges ($2 on the Australian, Hong Kong, Dubai, Abu Dhabi and Tokyo exchanges), applied when opening and closing a position. Other fees may apply.

eToro went public on NASDAQ (ticker: ETOR) in May 2025, which adds 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 useful for beginners, as it gives hands-on experience with the live platform. Eligible European clients can hold a EUR local currency account, which avoids conversion costs on euro deposits and withdrawals, although buying US stocks still means converting euros into dollars.

On the downside, withdrawals from the USD account cost $5 (minimum $30), while withdrawals from a local currency account are free. eToro’s fee page lists no inactivity fee. Spreads on some CFD products are wider than at specialist brokers.

eToro is regulated by several authorities, including the FCA (UK), CySEC (Cyprus), ASIC (Australia) and the FSRA (Abu Dhabi). Latvian clients are served by eToro (Europe) Ltd under CySEC supervision and covered by the Cyprus Investor Compensation Fund up to €20,000.

eToro does not withhold Latvian tax at source, so you declare your gains to the State Revenue Service (Valsts ieņēmumu dienests, VID) yourself (see the tax section below).

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

Founded in 1978 and publicly listed on NASDAQ (ticker: IBKR, an S&P 500 constituent since August 2025), 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 170+ markets in 40 countries and territories, including Nasdaq Riga, Vilnius and Tallinn (Baltic trades carry an exchange fee of 0.035%, min. €0.30, and a €7 clearing fee on top of the commission). 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 is not 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 US 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.

Latvian clients are served by Interactive Brokers Ireland Limited under Central Bank of Ireland supervision. IBKR provides EUR base currency support, detailed tax reporting documents that help with your 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

Freedom24, part of Freedom Holding Corp (NASDAQ: FRHC), gives access to more than 1 million instruments on major US, European and Asian exchanges, including stocks, ETFs, bonds, futures and options. Its Bonds Showcase makes it easier for retail investors to find and buy bonds.

Two pricing plans are available: Smart in EUR, which charges €2 per order plus €0.02 per share on US and EU stocks and ETFs, and All Inclusive in EUR, which charges €1.20 per order plus €0.012 per share and 0.5% of the trade value.

The web platform and mobile app are well designed and intuitive, and the InvestIdeas section shares research from Freedom24’s analyst team. On the downside, Freedom24 charges €7 per withdrawal and does not offer cryptocurrencies.

Freedom Finance Europe Ltd is regulated by CySEC (licence 275/15) and covered by the Cyprus Investor Compensation Fund up to €20,000. New EU clients can also get gift shares with a qualifying deposit until 31 October 2026. See our Freedom24 promo code page.

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. Past performance is no guarantee of future results.

Revolut Trading isn’t a standalone app but rather a feature integrated within the broader Revolut app. It is a simple way to invest in a few taps from the same app you use for banking and payments. Commission-free trades depend on your plan: none on Standard and Plus, 5 a month on Premium and 10 on Metal and Ultra. Beyond those, each trade costs €1. There is no custody fee on stocks and ETFs.

Alongside stocks, you can invest in ETFs and bonds, and crypto is offered through a separate entity, Revolut Digital Assets Europe Ltd, licensed under MiCA (the EU’s Markets in Crypto-Assets Regulation) in Cyprus. The main limitation is product range: Revolut’s stock coverage is narrower than a full broker’s, and it lacks options and futures. Research and educational content is minimal, so you are largely on your own.

Investments are provided by Revolut Securities Europe UAB, authorised and regulated by the Bank of Lithuania, and covered up to €22,000 under the Lithuanian investor protection scheme. Cash held with Revolut Bank UAB is covered by deposit insurance up to €100,000.

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. Compared with eToro, Interactive Brokers, Freedom24 and Revolut, it offers a few benefits worth knowing:

• Clean trading platform: DEGIRO’s interface is minimalist and uncluttered while remaining genuinely useful. The search engine lets you find any security by name, ticker symbol or ISIN code.
• Manual currency conversion: besides automatic conversion (0.25%), DEGIRO lets you keep foreign currency in your account and convert manually for €10 plus 0.25%. If you sell Amazon shares, the proceeds can stay in USD, so you avoid paying a conversion fee on the sale and again when you buy other US stocks.
• Restrained notifications: DEGIRO keeps alerts informative, such as market holidays, regulatory updates and corporate actions, instead of price-movement alerts that can nudge you toward short-term decisions. That suits long-term, buy-and-hold investors.
• ETF Core Selection: more than 1,000 ETFs with no commission, paying only the €1 handling fee per trade, which suits cost-conscious passive investors.

DEGIRO’s drawbacks

When DEGIRO entered the European market, its low-cost model was disruptive. Competitors have since caught up, and many now offer comparable or better pricing. Here are DEGIRO’s main drawbacks:

• Connectivity fee: 0.25% of your account value, capped at €2.50 per exchange per year, for each exchange where you hold positions (excluding your home market). Holding positions on three exchanges can cost up to €7.50 a year.
• Trading and external costs: a €1 handling fee applies to most trades, including Core Selection ETFs. US stocks cost €1 plus €1 handling, and European stocks start at €2 plus €1 handling, depending on the exchange. DEGIRO often delivers tight spreads, but since those are hard to quantify, we have focused on the explicit fees.
• No Latvian localisation: no Latvian-language interface, no local-language support, no tax report tailored to Latvia and no access to Nasdaq Riga.
• Investor protection: client securities are covered by the German investor compensation scheme for 90% of losses up to €20,000, so a €20,000 loss would be compensated with €18,000. Cash held with flatexDEGIRO Bank SE is separately guaranteed up to €100,000. The Cyprus and Irish schemes that cover eToro, Freedom24 and IBKR clients also cover up to €20,000, while Revolut’s Lithuanian scheme covers up to €22,000.

How investing is taxed in Latvia

Foreign brokers do not withhold Latvian tax, so you declare investment income to the State Revenue Service (VID) yourself. The main rules are:

• Capital gains: taxed at 25.5% since 2025. If your gains in a quarter exceed €1,000, you declare and pay by the 15th of the following month. Otherwise, you can declare once a year, by 15 January.
• Dividends: taxed at 25.5%, but a 0% rate applies to dividends from Latvian, EU or EEA companies and from companies in other countries where tax was withheld at source. Dividends from tax havens are always taxed at 25.5%.
• Investment account (ieguldījumu konts): a tax-deferral regime where you only pay tax when you withdraw more than you deposited. Check with your broker whether its account can be registered as an investment account.
• High incomes: total annual income above €200,000 pays an additional 3% personal income tax.

Sources: PwC Worldwide Tax Summaries and TWINO’s guide to Latvian investment taxes. This is general information, not tax advice.

Which platform should you choose?

Whether you choose DEGIRO, eToro, Interactive Brokers, Freedom24, Revolut or another broker, compare platforms carefully before committing. Key factors to weigh as a Latvian investor:

• Fees: trading commissions, FX conversion costs, custody, withdrawal and connectivity fees add up over time and can meaningfully affect long-term returns.
• Regulation and protection: check which entity holds your account and which investor compensation scheme applies.
• 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: Latvia uses the euro, so brokers with EUR accounts avoid unnecessary conversion costs on European securities.
• Tax reporting: clear year-end statements make your VID declarations much easier.
• Educational resources: if you are new to investing, brokers with stronger educational content (eToro Academy, IBKR Campus) can help.
• Baltic stocks: if you want to buy shares listed on Nasdaq Riga, Interactive Brokers is the only broker in this list that offers them.

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.