More about XM
Broker availability
Is XM Available in 🇱🇻 Latvia?
Partly — XM accepts clients in Latvia, with limits
Not available to residents: crypto_cfd, high_leverage. ESMA/MiFID II regulations — leverage capped at 1:30 for forex, crypto CFDs unavailable.
Availability last verified: October 2026
Broker availability in 🇱🇻 Latvia
153 / 341 brokers153 out of 341 brokers in our database accept clients from Latvia (45% availability). See all available brokers →
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XM vs alternatives in 🇱🇻 Latvia
| Regulator | FSA, CySEC | FCA, CySEC | FCA, ASIC | MAS, CySEC |
| Min. deposit | $5 | $100 | $100 | $100 |
| Spread from | 0.6 pips | 1 pips | 0.6 pips | 0.6 pips |
| Max leverage | 1000 | 500 | 500 | 30 |
| Available | ✓ Yes | ✓ YesOpen Account | ✓ YesOpen Account | ✓ YesOpen Account |
Why choose XM in 🇱🇻 Latvia?
Min. deposit
$5
Spread from
0.6 pips
Max leverage
1000
BrokerRank score
3.85 / 5
- Negative balance protection
- No deposit/withdrawal fees
- Very low minimum deposit ($5)
- Strong educational resources
- Regulated by FSA & CySEC — legally available to Latvia residents
Other recommended brokers available in 🇱🇻 Latvia
Comparing XM with other brokers available to Latvia traders.
- No commissions on spreads
- FCA, ASIC and CySEC regulated
- Islamic accounts available
- FCA regulated with strong reputation
- Supports MT4, MT5, and own platform
- Negative balance protection
- Commission-free CFD trading (other fees may apply)
- Simple, user-friendly platform
- Wide range of CFD instruments (2,800+)
- Good educational content
- Regulated in 6 jurisdictions
- No commission on most accounts
About XM
Regulated by
FSA, CySEC
Headquarters
Limassol, Cyprus
Founded
2009
Min. deposit
$5
BrokerRank score
3.85 / 5
Markets
forex, stocks, cfd
Frequently Asked Questions
1Is XM available in Latvia?
XM accepts clients from Latvia, but not without limits. Not available to residents: crypto_cfd, high_leverage. ESMA/MiFID II regulations — leverage capped at 1:30 for forex, crypto CFDs unavailable.
2What are the best alternatives to XM for Latvia traders?
Brokers we recommend in Latvia include ForTrade, FxPro, Plus500. All are verified to accept clients from Latvia and are regulated by reputable authorities.
3Can I use a VPN to access XM from Latvia?
Using a VPN to circumvent geo-restrictions violates XM's terms of service and can result in account closure or frozen funds. It also leaves you without regulatory protection. We strongly recommend using a broker that is properly licensed to serve your country.
4Which brokers accept clients from Latvia?
153 out of 341 brokers in the BrokerRank database accept clients from Latvia. Recommended options include ForTrade, FxPro, Plus500. You can see the full list on our Latvia brokers page.