Bank of Latvia regulated forex brokers
Latvijas Banka (formerly FCMC) · 🇱🇻 Latvia
The Latvijas Banka (formerly FCMC) (Bank of Latvia) is the financial regulator for Latvia, established in 1922. ForexLicenses.com classifies it as tier 2 (strong regulation). We currently match 1 broker in our database to an Bank of Latvia licence.
Since January 2023 financial supervision in Latvia has sat inside Latvijas Banka, which absorbed the former Financial and Capital Market Commission (FCMC). Dukascopy Europe is among the trading firms authorised in Latvia and passporting into the EEA.
Key rules for retail clients
- Tier
- Tier 2 — Strong regulation
- Compensation
- Investor protection — up to €20,000
- Leverage
- 30:1 on major FX pairs (ESMA rules)
- Negative balance protection
- Required for retail clients
- Client money
- MiFID II client asset rules
- Complaints
- Latvijas Banka
Brokers licensed by the Bank of Latvia 1
Frequently asked questions
How do I check if a broker is Bank of Latvia regulated?
Search the firm's name or licence number on the Bank of Latvia official register (https://www.bank.lv/en/operational-areas/supervision/market-participants), confirm the status is current and that the website domain you're using is listed, then check the Bank of Latvia warning list for clones.
Does the Bank of Latvia offer investor compensation?
Investor protection — up to €20,000
What leverage do Bank of Latvia-regulated brokers offer?
30:1 on major FX pairs (ESMA rules)
Is negative balance protection required by the Bank of Latvia?
Yes. Negative balance protection is required for retail clients of Bank of Latvia-regulated firms.