Best brokers for commodities in Latvia
For commodities in Latvia, from Riga or anywhere else in the country, 5 of the 7 brokers we review are open to you. XTB takes first place, followed by two brokers picked from those that serve Latvia.
By Broksal Team, investing in forex and CFD markets since 2017. Updated . How we test
How we score
Each broker gets five sub-scores out of 5:
Regulation and safety (30%), trading costs (25%), platforms and tools (20%), range of markets (15%) and ease of use (10%). The overall score is the weighted average, rounded to one decimal.
Availability is checked against each broker's published country lists. The ranking order is editorial and reflects our commercial agreements, so it does not always follow the scores. Full methodology
Advertiser disclosure
Broksal is free to use because some brokers pay us a commission when you open an account through our links. This can influence which broker we feature and the order in which brokers appear.
Commissions never change the facts we publish about regulation, fees or country availability, and they cost you nothing.
Top 3 commodity brokers for Latvia
- 1
Our top pick in Latvia
XTB
4.8Own platform, no minimum deposit, commission-free stocks and ETFs within a monthly limit
Commodity CFDs Gold, oil and other commodity CFDs on xStation 5, with sentiment data and an economic calendar built in.
- Minimum deposit
- No minimum
- Platforms
- xStation 5 (web & desktop), XTB mobile app
- Entity for Latvia
- XTB S.A. — KNF (Poland)
- CFDs
- Yes
Show pros, cons and feesHide details
xStation 5: Market Watch with sentiment tabs on the left, an EUR/USD hourly chart with one-click order entry, and open positions below. Account number blurred. What we like
- Publicly listed in Warsaw with KNF, FCA and CySEC oversight
- No minimum deposit
- xStation 5 is fast, clean and has built-in market sentiment and calendars
- Real stocks and ETFs commission-free up to €100,000 monthly turnover
Watch out for
- No MetaTrader or cTrader
- Since March 2026 the international entity accepts residents of only a short list of countries
- Inactivity fee after 12 months without trading
Fees
CFDs are priced through the spread on the Standard account. Real stocks and ETFs are commission-free up to €100,000 of monthly turnover, then 0.2% (minimum €10). Currency conversion and overnight swap costs apply.
Best for
Beginners and active traders who want one app for CFDs and real stocks.
- 2
IC Markets
4.6Raw spreads, MetaTrader, cTrader and TradingView in one account (now branded IC)
Serves Latvia through its EU regulated entity
Commodity CFDs Commodity, futures and bond CFDs on raw-spread accounts.
- Minimum deposit
- From $0 (varies by entity)
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader +1
- Entity for Latvia
- IC Markets (EU) Ltd — CySEC
- CFDs
- Yes
Show pros, cons and feesHide details
IC EU homepage after the rebrand from IC Markets: raw spreads from 0.0 pips and leverage up to 1:30 for EU retail clients. What we like
- Raw Spread accounts with low commissions
- Four platforms, including cTrader and TradingView
- ASIC and CySEC regulated entities
- Popular with automated and high-volume traders
- Rebranded to IC in 2026; same regulated entities
Watch out for
- Not available in the US, Canada, Israel or New Zealand
- Minimum deposit depends on the entity you are assigned
- Thin education and research compared with XTB or IBKR
Fees
Raw Spread accounts charge a commission per lot on top of raw interbank spreads (on MetaTrader it is $3.50 per side per standard lot). The Standard account has no commission and wider spreads. Swaps apply overnight.
Best for
Cost-sensitive and algorithmic traders.
- 3
eToro
4.3CopyTrader and a social feed on a Nasdaq-listed platform
Serves Latvia through its EU regulated entity
Commodity CFDs Commodity CFDs, with round-the-clock trading on selected markets since 2026.
- Minimum deposit
- Varies by country
- Platforms
- eToro web platform, eToro mobile app
- Entity for Latvia
- eToro (Europe) Ltd — CySEC
- CFDs
- Yes
Show pros, cons and feesHide details
eToro homepage after the 2026 brand refresh, highlighting its Nasdaq listing (ETOR) and the new mobile app. What we like
- CopyTrader lets you mirror other investors' portfolios
- Listed on Nasdaq; FCA, CySEC and ASIC regulated
- Very easy app for stocks, ETFs and crypto
Watch out for
- CFD spreads are wider than at IC Markets or XTB
- Not available in Canada, Japan, India, Turkey and most of Africa
- Withdrawal and currency conversion fees on the USD account
Fees
CFD costs are in the spread (about 1 pip on EUR/USD), plus overnight fees on leveraged positions. Withdrawals from the USD account cost $5 and currency conversion is charged on non-USD deposits; eToro removed its inactivity fee on 28 May 2026.
Best for
Investors who want to copy other traders.
Also available in Latvia:
XM 4.6
Interactive Brokers 4.7
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.
Commodities from Latvia: the rules
Retail leverage for residents of Latvia is capped at 20:1 on gold and 10:1 on other commodities. Locally, financial services are supervised by the Bank of Latvia (Latvijas Banka).
Best time to trade gold and oil from Riga
Gold and oil are usually most liquid while London and New York are both open: 16:30–18:30 local time (UTC+3, early October 2026). Commodity CFDs pause briefly each day and close at weekends.
All 7 brokers we review, checked for commodities in Latvia
| Broker | Status | Access | Entity for Latvia |
|---|---|---|---|
| XTB | #1 in this ranking | Commodity CFDs | XTB S.A. — KNF (Poland) |
| XM | Available | Commodity CFDs | Trading Point of Financial Instruments Ltd — CySEC |
| IC Markets | #2 in this ranking | Commodity CFDs | IC Markets (EU) Ltd — CySEC |
| Interactive Brokers | Available | Futures and CFDs | Interactive Brokers Ireland Limited — Central Bank of Ireland |
| Freedom24 | No commodities here | — | — |
| IQ Option | Not available in Latvia | — | — |
| eToro | #3 in this ranking | Commodity CFDs | eToro (Europe) Ltd — CySEC |
Commodities rankings in countries bordering Latvia
| Country | Brokers offering commodities | #1 |
|---|---|---|
| 🇧🇾 Belarus | 2 | XM |
| 🇪🇪 Estonia | 6 | XTB |
| 🇱🇹 Lithuania | 6 | XTB |
| 🇷🇺 Russia | 2 | XM |
Frequently asked questions
What is the best commodity broker in Latvia?
XTB, in our ranking. Gold, oil and other commodity CFDs on xStation 5, with sentiment data and an economic calendar built in. IC Markets and eToro complete the top 3.
Which brokers offer commodities to residents of Latvia?
Of the brokers we review: XTB (commodity cfds), XM (commodity cfds), IC Markets (commodity cfds), Interactive Brokers (futures and cfds) and eToro (commodity cfds).
What are the rules for commodities in Latvia?
Retail leverage for residents of Latvia is capped at 20:1 on gold and 10:1 on other commodities.
When is commodities most liquid in Latvia?
Usually 16:30–18:30 local time, while London and New York are both open (early October 2026 times).
What is the best broker for trading gold?
XTB leads our ranking where it is available. Use our gold calculator to see what each dollar of price movement is worth for your position.
Availability last checked 6 October 2026. Brokers change their country lists without notice; the broker's sign-up form is the final word.