Expert reviews, ratings, and trading conditions for Latvia-regulated forex brokers. Filtered by composite score, tier, spread, and platform.
Latvia hosts a diverse selection of forex brokers, subject to varying levels of regulatory oversight. We have reviewed 3 brokers in this jurisdiction with an average editor rating of 1.8/10.
Broker leverage in Latvia is shaped by both the local regulator's requirements and international agreements. Our data shows maximum available leverage of up to 1:500, with minimum deposit thresholds from $0.
Traders based in or targeting Latvia should verify that their chosen broker holds the appropriate local license alongside any international certifications. Our tiered comparison table (Globally Licensed → Offshore → Unlicensed) makes it easy to identify brokers with the strongest regulatory standing. TeleTrade currently ranks #1 among Latvia brokers in our 2026 composite score analysis.
| Broker | Rating | Spread | Key Metrics | Platform | |
|---|---|---|---|---|---|
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Score: 2.9
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 2.2
5-10 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 2.2
5-10 years
|
N/A |
No USDT
|
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TeleTrade is registered under the SVG FSA in St. Vincent and the Grenadines. However, it is important to note that this regulatory authority does not provide specific fund protection measures, which may increase risks for clients.
TeleTrade offers several account types including a Standard Account for beginners, a Professional Account for experienced traders, an ECN Account for algorithmic trading, a Cryptocurrency Account for digital asset trading, and a Demo Account for practice without financial risk.
Traders can deposit funds through various methods including bank transfers, credit/debit cards, e-wallets like Skrill and Neteller, and cryptocurrency transfers. Withdrawals follow a similar process, and the time taken for processing may vary depending on the method chosen.
TeleTrade provides multiple support channels including email support at support@teletrade.eu, telephone support at +35722314160, and social media interactions. Their customer support is available Monday to Friday from 9:00 to 18:00, and they also offer multilingual support.
No, Baltic International Bank (BIB) is not regulated by any recognized financial authority. This lack of regulation raises concerns regarding the safety and security of clients' funds.
BIB offers a diverse range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to develop and implement their trading strategies effectively.
Since BIB does not hold a forex trading license, there are no formal mechanisms in place to protect client funds. Traders should be aware that without regulation, there is no assurance of the broker adhering to industry standards or providing a safe trading environment.
Customers can reach out to Baltic International Bank (BIB) via email at info@bib.eu or by phone at +371 6700 0444. The support team is available during specified hours on weekdays.
