Bank of Latvia

The Bank of Latvia (Latvijas Banka) is the central bank of Latvia and the independent backbone of its financial system. As a derived public person, it operates free from institutional or functional subordination to any government body, working exclusively for the benefit of the nation. Its core mission is to ensure a sound financial system, stable money, and sustainable economic growth. Within the Eurosystem, the bank contributes to the euro's development policy while maintaining a user-friendly payment infrastructure and providing independent, analysis-based economic insights to national decision-makers.

The institution now also encompasses the functions of the former Financial and Capital Market Commission (FKTK). Established in 2001, the FKTK was an autonomous public institution tasked with supervising Latvia's banks, insurance companies, capital market participants, and payment institutions to ensure market stability and protect investors and depositors. Following their merger, the comprehensive supervisory mandate of the FKTK has been fully integrated into Latvijas Banka, creating a unified and robust authority for Latvia's financial and capital markets.

1. Safety of Client Funds：

Brokers are required to put clients funds into segregated accounts.

2. Requirement on Forex Brokers' Reports：

Annual Audit Reports; Daily Transaction Reports.

Generally speaking, LB-regulated broker profile will be found at the INVESTMENT SERVICE PROVIDERS page on LB website. Try to find it and check if it will match the info from the broker website.

The detailed steps are as below:

1. Find the name of the forex broker, which you can get from the broker's website; 

2. Enter the name into the search bar on https://www.bank.lv/en/financial-market-participant-register/market-participants?segments=111-investment-service-providers;

3. And you'll get the broker's contents on LB website. At this time you need to check if the broker has the authorization to provide 'Execution of orders on behalf of clients'  ;

If no, please keep away the broker because it's probably an unauthorized firm and your money will fall in danger.

When you have disputes with a LB-regulated broker, you can proceed the following ways:

1st way: The recommended way is to contact the broker directly and discuss with them to find a solution.

2nd way: Any person may submit an application or an information request to Latvijas Banka as well as ask for reference.

Electronically:
on the portal latvija.lv using an e-address
by e-mail to info@bank.lv

Tool for exchanging large files
In paper format:
by mail to K. Valdemāra iela 2A, Riga, LV-1050
in person at Latvijas Banka, K. Valdemāra iela 2A, Riga

Orally:
in person at Latvijas Banka, K. Valdemāra iela 2A, Riga (by prior appointment via telephone +371 67022300 or e-mail info@bank.lv)
As every person has access to the electronic signature (eSignature) tools and a possibility of creating an e-address for a secure communication with public and local government institutions, Latvijas Banka invites the submission of an electronically signed application by e-address or e-mail info@bank.lv.