Many traders in Latvia use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Bitcoin Trading App in Latvia for 2024, based on our assessments.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
Libertex is a reputable broker. It would be worthwhile to look at the platform as a technical solution. It will appeal to those who can not imagine their life without gadgets and are eager to keep up with the time.
The HTX cryptocurrency exchange offers traders a wide range of financial assets, but the company's activities are not certified, which may entail high financial risks during cooperation.
Fusion Markets is a low-cost broker with low commissions and opportunities to create passive income.
Pacific Union is a CFD broker, which means its pool of trading instruments consists solely of contracts for difference. There are many CFDs available, grouped into seven categories. Considering the high leverage, there is significant profit potential. Costs are reduced due to the absence of trading commissions on some accounts, and in most cases, there are no fees for fund withdrawals. The broker has a copy trading service. Beginners receive decent bonuses at the start, and there is a standard referral program that can provide additional income. The wide choice of accounts and trading platforms personalizes the broker's offerings and expands traders' opportunities. The drawbacks of Pacific Union are typical for most of the representatives in the segment.
1
Best Bitcoin Apps in Latvia - TeleTrade
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders in Latvia:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders in Latvia:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
2
Best Bitcoin Apps in Latvia - Libertex
Libertex is an online broker that provides access to trading CFDs on stocks, commodities, cryptocurrencies, and more. The company has been in the market for over 10 years. One of the advantages and distinctive features of the broker is its proprietary web trading platform with non-standard functionality designed for novice traders. It features a user-friendly interface, high information content, and advanced technical functionality.
👍 Advantages of trading with Libertex for traders in Latvia:
•fast registration process;
•usability of the platform. It has a user-friendly interface for trading online on a PC or laptop as well as other devices;
•more than 300+ CFDs on stocks, precious metals, oil and gas, indices, cryptocurrencies - almost all popular trading underlying assets in one platform;
•tight spreads;
•investment account providing for investing in real stocks without commission fees.
👎 Disadvantages of Libertex for traders in Latvia:
•Libertex accounts have fees subject to the underlying asset. For example, a 0.0005% fee is charged on Forex CFD.
•No proprietary technological solutions for passive investing.
•Libertex is available only in the web version and mobile app which doesn’t allow adding custom indicators and advisors. Algorithmic trading is not available.
3
Best Bitcoin Apps in Latvia - HTX
HTX (Huobi) (pronounced “haw-be”; with “huo” meaning “hot” or “popular” and “bi” meaning “coin” or “currency” = “popular currency”) is a global cryptocurrency exchange that was founded in China but is headquartered in Seychelles. The work of the international company HTX started in 2013. The cryptocurrency exchange allows traders to carry out transactions with a variety of assets, including about 300 currency pairs and cross rates. There is no information on whether this company is licensed and the exchange hasn’t received any awards during its brief activity. More about the safety of cooperation with HTX.
👍 Advantages of trading with HTX for traders in Latvia:
•a vast array of trading instruments;
•the minimum level is US$1;
•the site is integrated for clients worldwide.
👎 Disadvantages of HTX for traders in Latvia:
•lacks a demo account;
•few ways to contact support;
•the activities of the cryptocurrency exchange are not licensed or regulated by any authority;
•clients' financial assets are not protected by segregated accounts or compensation payments in the event of an exchange liquidation;
•there are no training materials or courses for users on its website.
4
Best Bitcoin Apps in Latvia - Fusion Markets
Fusion Markets is a young broker from Australia. It was created in November 2017 and began to provide full services in 2019. The company offers to trade in currency pairs and CFDs. Headquartered in Cremorne, Melbourne, Australia, the broker is regulated by ASIC (Australian Securities and Investment Commission, 385620), FSA (Financial Services Authority of Seychelles, SD096) and VFSC (Vanuatu Financial Services Commission, 40256).
👍 Advantages of trading with Fusion Markets for traders in Latvia:
•Reliable regulation;
•No non-trading fees;
•Diversity of financial instruments.
👎 Disadvantages of Fusion Markets for traders in Latvia:
•Limited educational opportunities;
•No cent accounts;
•Inability to trade with bonus funds.
5
Best Bitcoin Apps in Latvia - Pacific Union
Pacific Union is a broker that allows trading in contracts for difference (CFDs) on hundreds of assets from the following categories: currencies, stocks, bonds, indices, commodities, metals, and exchange-traded funds (ETFs). New users receive a free demo account with a balance of 100,000 virtual dollars. Real accounts come in five types, differing in trading parameters and catering to traders of different levels. The minimum deposit is $20, and spreads are floating, starting from 0 or 1.3 pips depending on the chosen account. The maximum leverage is 1:1000. The broker's clients operate through MetaTrader 4, MetaTrader 5, and WebTrader trading platforms. The company also has a highly-rated mobile platform. In addition to active trading, traders can earn through a standard referral program and register in an integrated copy trading service. Pacific Union offers attractive bonuses through five active programs. The broker provides free technical and fundamental analysis tools and news analytics. It also has an extensive educational system.
👍 Advantages of trading with Pacific Union for traders in Latvia:
•The minimum deposit is lower than the market average, and a free demo account and high-quality training ensure a low entry threshold.
•Traders can work with hundreds of assets with high leverage and no trading restrictions, resulting in high-profit potential.
•Narrow spreads combined with low commissions guarantee minimal trading costs.
•Traders can choose from five real account options, including an Islamic account with no swaps or interest charges.
•A wide selection of trading platforms, including mobile versions, allows traders to work comfortably in most conditions.
•The copy trading platform is transparent, fast, and features an intuitive interface.
•Customer support is available through the main communication channels, operates round the clock without interruptions, and has received numerous positive reviews.
👎 Disadvantages of Pacific Union for traders in Latvia:
•This broker only offers trading with CFDs.
•Apart from copy trading, the company does not provide other passive income options such as joint accounts, cryptocurrency staking, etc.
•Residents of Australia, Singapore, and some other countries cannot collaborate with this broker.
Best Bitcoin Trading App in Latvia 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
TeleTrade - Education for Investors
Investment Education Online
The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.
You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.
To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.
Libertex - Education for Investors
Trading Education Online
Analytical and educational sections have been created on the official website, where a trader can find useful materials in video format on how to use the platform, open an account, and analyze the market.
Each of these tools can be tested on a demo (free) account.
Fusion Markets - Education for Investors
Investment Education Online
There is no separate training section on the Fusion Markets website. This broker's website cannot be called informative because of its lack of training courses. Blog articles are published on average once a month, and information about trading instruments may not correspond to reality. So, for example, at the time of this writing, the site did not have conditions for trading CFDs on Share, although there is such an opportunity, as you can see from the list of available MetaTrader tools.
The most informative source of educational information from a broker is the Youtube channel.
The broker does not have cent accounts, so the only way to consolidate the knowledge gained in practice will be training on a demo account.
Pacific Union - Education for Investors
Investment Education Online
A trader is successful when they earn profits. And to do that, it is necessary to accumulate practical experience and improve theoretical knowledge. This can be achieved by studying e-books and specialized articles, attending seminars and webinars, and working with current market analysis. Some brokers strive to assist their clients in this regard and offer educational materials. These materials can come in various formats, volumes, and usefulness, ranging from basic FAQs to comprehensive courses and even physical training centers. Pacific Union does not have such centers, but the broker's educational system is characterized as one of the most comprehensive and extensive. The website includes a trader's glossary, e-books for users of different levels, basic and advanced video lessons, a trading blog with articles from experts, and current market analysis. Importantly, the education is not focused solely on beginners, and the provided information is equally beneficial for traders of all levels.
Overall. Pacific Union offers everything a beginner trader needs. Before engaging in trading, it is recommended to familiarize oneself with the materials in the “Education” section. Experts particularly highlight the e-books published on the website, as the information in them is not only useful but also relevant to today's markets. Experienced traders can also explore the offered materials as they will undoubtedly find something valuable.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Latvia choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Bitcoin Trading App in Latvia 2024.
| TeleTrade | Libertex | HTX | Fusion Markets | Pacific Union | |
|---|---|---|---|---|---|
|
Overall score |
7.63 |
7.61 |
7.97 |
7.5 |
6.59 |
|
Execution of orders |
3.21 |
6.1 |
9.82 |
7.95 |
4.17 |
|
Investment instruments |
9.3 |
8.07 |
5.12 |
6.27 |
6.92 |
|
Withdrawal speed |
7.79 |
9.71 |
6.94 |
8.86 |
9.71 |
|
Customer Support work |
8.41 |
9.24 |
8.52 |
7.37 |
5.68 |
|
Variety of instruments |
8.75 |
6.37 |
9.13 |
8.02 |
8.75 |
|
Trading platform |
8.29 |
6.16 |
8.31 |
6.55 |
4.28 |
|
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FAQ
If a broker has several platforms, does it mean it offers several apps?
No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.