Forex & binary options brokers in Latvia are overseen by the Financial and Capital Market Commission (FCMC), which in turn is subject to the strict rules by the European Securities and Markets Authority (ESMA). As is well-known by now, the ESMA has placed a general ban on binary options trading in Europe.
Although some binary options brokers may be registered with an office in Latvia, it is important to note they don’t offer binary options to traders from Latvia or other EU countries. Instead, binary options trading with these brokers is strictly reserved for traders from other regions. Because of this, Latvian traders who are interested in trading binary options should instead look for a binary options broker in another jurisdiction that accepts EU residents as clients.