Rietumu Review 2026
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- Н/д
- QUIK
- trading desk
- Not specified
- Commissions charged in transaction currency, trading basic and derivative instruments
Our Evaluation of Rietumu
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Rietumu is a broker with higher-than-average risk and the TU Overall Score of 3.34 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Rietumu clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
How we tested Rietumu
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Rietumu
Rietumu is part of Rietumu Banka, one of the largest banks in Latvia, founded in 1992. The broker is regulated by Latvijas Banka and participates in Latvia’s investor protection system, covering up to EUR 20,000 per client, as well as the deposit guarantee fund with coverage up to EUR 100,000. Clients have access to more than 20 global exchanges, and an extensive counterparty network provides competitive pricing for over-the-counter transactions. Orders can be executed by phone or through an online trading platform, while financial services are available via internet banking and the iRietumu mobile application.
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- Investment protection and regulation by a state authority in Latvia
- Access to phone and online trading through a licensed broker
- Ability to execute trades on the QUIK professional platform
- Trading on major exchanges in Europe, Asia, and the United States
- Access to derivatives markets with an adaptive commission system
- Opportunity to conduct OTC transactions through counterparties
- Service available to both Latvian residents and non-residents
- High minimum commission rates starting from USD 50 or EUR 50 for stocks and ETFs
- No educational resources for beginners in stock trading
TU Expert Verdict
Chief Analytics Officer
Rietumu offers brokerage and investment accounts for retail and professional clients, as well as corporate and escrow accounts, with all services operating under the Latvian banking group Rietumu Banka. Clients can trade stocks, ETFs, and debt instruments across more than 20 global exchanges, and also access a wide range of derivatives through the QUIK professional trading platform. The broker is regulated by Latvijas Banka, with client assets covered by both Latvia’s investor protection system with EUR 20,000 coverage and a deposit guarantee of up to EUR 100,000. Order execution is possible through both an online platform and by phone, with service available to residents and non-residents.
A few disadvantages are high minimum commissions for stocks and ETFs, starting at $50 or EUR 50, no educational resources for beginners, and no demo account for practice. Rietumu may best suit institutional or experienced traders who value multi-market access and account protection, while less active or cost-conscious users may find competing brokers more attractive.
Rietumu Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities and fixed income can be significant.
| 💻 Trading platform: | QUIK, trading desk |
|---|---|
| 📊 Accounts: | Brokerage (brokeru konta), Investment (ieguldījumu konta), Corporate (Juridiskas personas konts), Private (Fiziskas personas konts), Escrow (Darījuma konts) |
| 💰 Account currency: | EUR |
| 💵 Deposit / Withdrawal: | Bank transfer |
| 🚀 Minimum deposit: | Not specified |
| ⚖️ Leverage: | Not specified |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | Not specified |
| 💱 EUR/USD spread: | Depends on the market, trading volume, and asset value; minimum commission applies |
| 🔧 Instruments: | Stocks, ETFs, debt instruments, investment funds |
| 💹 Margin Call / Stop Out: | Not specified |
| 🏛 Liquidity provider: | Not specified |
| 📱 Mobile trading: | Not specified |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: | Commissions charged in transaction currency, trading basic and derivative instruments |
| 🎁 Contests and bonuses: | No |
In addition to trading stocks and ETFs, Rietumu provides access to a wide range of derivatives, including stock options and futures and options on U.S., Eurozone, UK, and Swiss markets. Clients can also invest in fund shares. The iRietumu online bank enables account and payment management, as well as portfolio monitoring, though it is not designed for direct stock exchange trading.
Rietumu Key Parameters Evaluation
Trading Account Opening
To open a brokerage or investment account with Rietumu, a client first opens a current bank account with the parent bank. This can be done either in person or remotely. Follow these steps:
Completing the client questionnaire, available as a PDF on the website. After review, the bank assigns a client status and prepares contract documents.
Sign the required contracts.
Contact bank specialists by phone or email if questions arise.
For identification, clients can choose one of the following methods:
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Sign documents with a digital certificate via the i.rietumu.lv portal, eliminating the need for physical signatures.
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Send scanned documents through i.rietumu.lv, fax, or email, confirming them with a test key and signature.
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Sign documents in person at a bank office.
Is Rietumu Safe?
Rietumu operates under AS Rietumu Banka, regulated by Latvijas Banka under license number 06.01.04.018/245. The bank complies with Latvian and European Union law and has signed an administrative agreement with Latvijas Banka to strengthen internal controls and address AML and CTPF compliance requirements.
Rietumu participates in the investor protection system. If the bank fails to meet its obligations, compensation of up to EUR 20,000 per client is available. Payments are made in euros within three months of insolvency recognition, with claims accepted for up to two years. This protection does not cover price or liquidity risks.
Advantages
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Client funds protected through proper custody and disclosure requirements.
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Transparent business processes in line with contractual obligations.
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Reduced fraud and misconduct risk through regulatory oversight and internal controls.
Disadvantages
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Strict legal requirements can slow account opening or transaction processing.
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Potential sanctions or regulatory restrictions may affect some services.
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Enhanced AML and CTPF procedures can be inconvenient for clients with less formal financial histories.
Commissions and Fees
Commissions for U.S. stocks depend on the stock price. For stocks up to $1, the commission is 2% with a minimum of $100. For stocks priced between $1.01 and $3, the commission is 1% with a minimum of $50. For stocks above $3.01, the commission is $0.025 per share with a minimum of $50. For Canadian stocks, the commission is CAD 0.025–0.035 per share with a minimum of CAD 50. For stocks of other countries, the commission is calculated as a percentage ranging from 0.2% to 1%, with a minimum rate applied. Stock options trading is charged at USD 3.5, EUR 4, GBP 4, or CHF 4, with a minimum of 35 in the transaction currency. Futures and options on futures are charged at 19 units in the contract currency per side for up to 100 contracts, 15 units for 101 to 500 contracts, and 11 units for more than 500 contracts. LME forward contracts are charged at $25 per contract per side.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Brokerage account (brokeru konta) | USD 35 / EUR 35 / GBP 35 / CHF 35 | Bank commission |
Custody of financial instruments costs 0.25% annually in the account currency. Additional commissions apply for specialized account services and brokerage products.
Account Types
Rietumu offers several account types designed for different purposes. To open an account, clients complete a questionnaire, sign the contract, and provide supporting documents.
Rietumu does not provide a demo account for training with virtual funds.
Accounts are available to both residents and nonresidents of Latvia.
Deposit and Withdrawal
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Deposits and withdrawals are made via internal bank transfers.
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Requests are processed on business days from 09:00 to 17:30 Riga time.
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Rietumu charges a monthly commission for internet payments based on the previous month’s operations.
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Commission for euro cross-currency transfers: EUR 50.
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SEPA transfers within the European Economic Area: EUR 0.40 (SHA type).
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Two transfer types are available: Economy (business day SEPA transfers) and Standard (instant transfers, provided the recipient bank supports them).
Investment Options
Rietumu offers investment in its own bank bonds and debt instruments denominated in EUR, USD, and other currencies. These instruments provide regular income through coupon payments and are considered reliable options for generating passive income.
Investment in bonds through Rietumu - coupon payments in multiple currencies
Coupon payments are made twice a year. Bond issuance takes place under a set program and is listed on the regulated Nasdaq Riga market.
Bond commissions:
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Government bonds (EUR or USD): 0.10%, minimum EUR / USD 50.
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Corporate bonds (EUR or USD): 0.15%, minimum EUR / USD 50.
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Bonds in other currencies: conditions are negotiated individually.
Rietumu’s partnership program
There is no partnership or referral program publicly listed on Rietumu’s website for brokerage services.
Customer Support
Support is available Monday through Friday from 9:00 to 18:00, operating on GMT+3 during Daylight Saving Time and GMT+2 during Standard Time.
Advantages
- Assistance via multiple channels and iRietumu internet banking.
- Multilingual support team.
- In-person consultations at bank offices.
Disadvantages
- No live chat on the website.
- No support via messengers or social networks.
Rietumu provides multiple ways to contact client support:
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Email.
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iRietumu internet bank.
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Hotline phone number.
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Bank offices.
Contacts
| Registration address | 7 Vesetas Street, Riga, LV-1013 |
|---|---|
| Regulation |
Latvijas Banka
Licence number: 06.01.04.018/245 |
| Official site | https://www.rietumu.com/en/person/trading |
| Contacts |
+371 67 025 555
|
Education
Rietumu provides access to topics related to investment analysis and portfolio management, such as business model sustainability, the Quality methodology, Smart-Beta, and risk control. However, basic training materials for beginners are not available.
Rietumu promotes advanced investment concepts but does not provide practical entry-level training for new market participants.
Detailed review of Rietumu
Rietumu is a major banking and investment holding company. It acts as a stockbroker, provides access to physical gold in bars, offers loans secured by securities, and supports deposits and safekeeping services. Clients have access to a broad range of financial assets and markets to build diversified portfolios.
Rietumu by the numbers:
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Regulated by Latvijas Banka since 1992.
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EUR 5.9 million pretax profit in H1 2025.
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EUR 1.4 billion in assets (as of 30.06.2025).
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EUR 980 million in client deposits (as of 30.06.2025).
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EUR 340 million in capital and reserves (as of 30.06.2025).
Rietumu - a stockbroker with wide asset access and investment protection
Rietumu provides voice trading through its trading desk with professional brokers. This service covers transactions with stocks, bonds, futures, and options. With access to major global exchanges and a broad counterparty network, the broker can also handle OTC transactions at competitive prices.
The QUIK trading platform provides access to stock trading on the Moscow Exchange and derivatives on the FORTS market. It includes 30 technical indicators, real-time quotes, and advanced data protection. The platform also supports portfolio monitoring, margin tracking, and trading in multiple currencies.
Useful Rietumu services:
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QUIK platform with margin trading, portfolio tracking, technical indicators, and algorithmic strategies in QPILE.
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Financial news and market trend updates from Rietumu analysts and partners.
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Asset management services with individual portfolios (minimum 100,000 EUR), tailored to client goals and risk profiles.
Advantages:
Wide range of financial services, including brokerage, corporate, and banking.
Optimized OTC pricing through its counterparty network.
Personalized client approach.
Trading conditions tailored to retail and professional investors.
Direct market execution with minimal technical delays.
Progressive commission system based on client turnover and asset value.
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