Best Forex Brokers in Lithuania for 2024

Last updated Oct 8, 2024

We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top 10 Forex brokers in Lithuania based on our analysis:

  1. 1
    IC Markets EU Logo
    IC Markets EU - Best Forex broker in Lithuania - A wide range of trading assets. Low spreads. Variety of trading platforms.
  2. 2
    Pepperstone EU Logo
    Pepperstone EU - Wide selection of trading platforms. Tight spreads and favourable trading conditions. A large number of trading instruments, including over 600 CFDs on stocks.
  3. 3
    AvaTrade EU Logo
    AvaTrade EU - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources.
  4. 4
    FxPro EU Logo
    FxPro EU - A wide selection of trading accounts. Various trading platforms. A diverse range of available markets and products.
  5. 5
    Deriv EU Logo
    Deriv EU - Simple and fast account opening process. Low commission structure. Convenient methods for account funding and withdrawal without commission.
  6. 6
    Admirals EU Logo
    Admirals EU - Low trading fees. Wide range of payment methods. Extensive analytical resources.
  7. 7
    ActivTrades Europe Logo
    ActivTrades Europe - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides.
  8. 8
    FBS EU Logo
    FBS EU - Low spreads and trading fees. Extensive database of educational materials and analytical tools. Wide range of trading assets.
  9. 9
    HF Markets EU Logo
    HF Markets EU - Wide selection of trading assets. A variety of educational materials and analytical reviews. Customer support is available in many languages.
  10. 10
    Oanda EU Logo
    Oanda EU - Tight spreads. Efficient and secure processes for account funding and withdrawals. Extensive market and product offerings.

This thorough guide aims to assist you in finding a broker that seamlessly aligns with your trading strategy while safeguarding your investments. Each broker featured here stands out with their distinctive features, cutting-edge technology, and rigorous security measures, guaranteeing an exceptional trading experience in Lithuania's vibrant Forex market.

List of the Best Forex Brokers in Lithuania in 2024

1
Register70.64% of retail investors lose money when trading CFDs with this broker
Foundation Year2007
Minimum Deposit
€200
2
Register75.5% of retail investors lose money when trading CFDs with this broker
Foundation Year2010
Minimum Deposit
€1
3
Register76% of retail investors lose money when trading CFDs with this broker
Foundation Year2005
Minimum Deposit
€100
4
Register73% of retail investors lose money when trading CFDs with this broker
Foundation Year2006
Minimum Deposit
€100
5
Register67.28% of retail investors lose money when trading CFDs with this broker
Foundation Year2020
Minimum Deposit
€1
6
Register73% of retail investors lose money when trading CFDs with this broker
Foundation Year2001
Minimum Deposit
€1
7
Register63% of retail investors lose money when trading CFDs with this broker
Foundation Year2000
Minimum Deposit
€1
8
Register69.21% of retail investors lose money when trading CFDs with this broker
Foundation Year2007
Minimum Deposit
€10
9
Register70% of retail investors lose money when trading CFDs with this broker
Foundation Year2009
Minimum Deposit
€1
10
Register71% of retail investors lose money when trading CFDs with this broker
Foundation Year2001
Minimum Deposit
€1

1. IC Markets

IC Markets EU Logo
1
Register70.64% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexIndicesStocksBondsETFPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4cTraderTradingView
compare IC Markets EU trading accounts

IC Markets EU is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.

IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.

Pros and Cons of IC Markets EU

Pros

  1. A wide range of trading assets.
  2. Low spreads.
  3. Variety of trading platforms.
  4. Quality educational materials.
  5. Efficient customer support service.

Cons

  1. High minimum deposit.

2. Pepperstone

Pepperstone EU Logo
2
Register75.5% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 5MetaTrader 4cTraderTradingView
compare Pepperstone EU trading accounts

Pepperstone EU is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.

The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.

The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.

Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.

Pros and Cons of Pepperstone EU

Pros

  1. Wide selection of trading platforms.
  2. Tight spreads and favourable trading conditions.
  3. A large number of trading instruments, including over 600 CFDs on stocks.

Cons

  1. Lack of diversity in types of trading accounts.

3. AvaTrade

AvaTrade EU Logo
3
Register76% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksIndicesETFCryptocurrencyBondsPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTraderAvaTradeGO
compare AvaTrade EU trading accounts

AvaTrade EU is well-suited for traders seeking a variety of trading instruments and user-friendly trading platforms. It can appeal to both beginners looking to start trading and experienced traders who want to expand their knowledge and skills.

Pros and Cons of AvaTrade EU

Pros

  1. A wide selection of financial assets.
  2. Innovative trading platforms.
  3. Highly rated educational resources.

Cons

  1. Limited trading account options.
  2. Account inactivity fee.

4. FxPro

FxPro EU Logo
4
Register73% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Regulators:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersSoft CommoditiesCryptocurrencyStocks
Trading Platforms
MetaTrader 4FxPro EdgeMetaTrader 5cTrader
compare FxPro EU trading accounts

FxPro EU provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. The company offers extensive educational materials and analytical tools to aid in decision-making.

This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.

Pros and Cons of FxPro EU

Pros

  1. A wide selection of trading accounts.
  2. Various trading platforms.
  3. A diverse range of available markets and products.
  4. Multiple analytics tools.
  5. Extensive educational materials.

Cons

  1. An inactivity fee.
  2. Absence of cent accounts and services for copying trades.

5. Deriv

Deriv EU Logo
5
Register67.28% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksETFPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5
compare Deriv EU trading accounts

Deriv Europe is ideally suited for traders who value a secure, well-regulated trading environment with a straightforward approach. It is particularly beneficial for those starting trading due to its user-friendly platforms and simple account management processes.

Pros and Cons of Deriv EU

Pros

  1. Simple and fast account opening process.
  2. Low commission structure.
  3. Convenient methods for account funding and withdrawal without commission.
  4. High-level technical support with fast and quality responses.

Cons

  1. Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
  2. Educational materials are limited to a blog and lack comprehensive learning resources.

6. Admirals

Admirals EU Logo
6
Register73% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesPrecious MetalsEnergy CarriersCryptocurrencyStocksETFSoft CommoditiesBonds
Trading Platforms
MetaTrader 4MetaTrader 5
compare Admirals EU trading accounts

Admirals EU is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.

Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.

Pros and Cons of Admirals EU

Pros

  1. Low trading fees.
  2. Wide range of payment methods.
  3. Extensive analytical resources.
  4. A rich collection of educational materials.

Cons

  1. Inactivity fee.
  2. Some users complain about the intrusiveness of the support service.

7. ActivTrades

ActivTrades Europe Logo
7
Register63% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksIndicesBondsPrecious MetalsEnergy CarriersSoft CommoditiesETF
Trading Platforms
MetaTrader 4MetaTrader 5ActivTraderTradingView
compare ActivTrades Europe trading accounts

ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5, and TradingView platforms.

Pros and Cons of ActivTrades Europe

Pros

  1. Wide range of trading assets.
  2. A wide variety of trading platforms.
  3. Extensive training materials including webinars, videos, articles and guides.
  4. Professional support team.

Cons

  1. Lack of diversity in trading accounts.

8. FBS

FBS EU Logo
8
Register69.21% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesStocksPrecious MetalsEnergy Carriers
Trading Platforms
MetaTrader 5FBS Trader
compare FBS EU trading accounts

FBS Europe emerges as a broker well-suited for traders seeking a reliable and secure trading environment complemented by competitive trading conditions. With its robust regulatory framework, comprehensive educational resources, and multilingual support, FBS appeals to novice and experienced traders who prioritize learning and support in their trading journey.

FBS stands out for its commitment to providing a user-friendly and supportive trading experience, making it a solid choice for traders focused on forex and major financial instruments.

Pros and Cons of FBS EU

Pros

  1. Low spreads and trading fees.
  2. Extensive database of educational materials and analytical tools.
  3. Wide range of trading assets.

Cons

  1. Limited choice of trading accounts.
  2. Limited trading platforms.

9. HF Markets

HF Markets EU Logo
9
Register70% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexStocksIndicesBondsETFPrecious MetalsEnergy CarriersSoft Commodities
Trading Platforms
MetaTrader 4MetaTrader 5WebTrader
compare HF Markets EU trading accounts

HF Markets Europe is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for European traders of varying experience levels.

HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.

Pros and Cons of HF Markets EU

Pros

  1. Wide selection of trading assets.
  2. A variety of educational materials and analytical reviews.
  3. Customer support is available in many languages.

Cons

  1. There is no alternative to MetaTrader.
  2. High swaps and wide spreads.

10. Oanda

Oanda EU Logo
10
Register71% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
ForexIndicesCryptocurrencyStocksPrecious MetalsEnergy CarriersSoft CommoditiesETF
Trading Platforms
MetaTrader 5TradingViewfxTrade
compare Oanda EU trading accounts

OANDA Europe best suits intermediate to advanced traders who value a regulated trading environment, diverse market access, and robust trading platforms. These traders will likely benefit the most from OANDA's offerings and may find the limited educational resources and support hours less of a concern. Beginners might need to supplement their learning with external resources.

Pros and Cons of Oanda EU

Pros

  1. Tight spreads.
  2. Efficient and secure processes for account funding and withdrawals.
  3. Extensive market and product offerings.
  4. High-quality trading platforms.
  5. Quality analytics.

Cons

  1. Limited diversity in account offerings.
  2. High swaps.
  3. Limited educational resources.

Regulation of Forex Brokers in Lithuania

In Lithuania, the regulation of Forex and CFD brokers is handled by the Bank of Lithuania (BoL), which is the central regulatory authority. The BoL ensures that brokers comply with strict standards designed to protect investors, maintain market integrity, and promote financial stability. These regulations include requirements for the transparency of financial operations, the segregation of client funds, and the provision of accurate risk information, including mandatory risk warnings and leverage limitations to help mitigate significant losses for traders​​.

Moreover, Lithuania, as a member of the European Union, adheres to the Markets in Financial Instruments Directive (MiFID II). This EU-wide legislation aims to harmonize and enhance the efficiency of financial markets across Europe, providing additional layers of protection for investors through stringent standards for operational transparency and risk management​​.

This robust regulatory framework makes Lithuania a reliable and secure environment for Forex trading. Lithuanian traders can trust that their interests are protected and that their interactions with brokers are stable and secure, creating optimal conditions for successful Forex trading​.

How We Compiled the List of Top Forex Brokers in Lithuania

Our approach to identifying the leading Forex trading platforms in Lithuania involved meticulous precision and a comprehensive set of benchmarks:

  1. Thorough Research and Evaluation: We started by assembling an extensive Forex broker list that met our predefined criteria. Each broker was meticulously scrutinized through a detailed evaluation methodology to assess their services and operational efficiency in an unbiased manner.

  2. Regulatory Adherence: We focused on brokers regulated by recognized financial authorities such as the Bank of Lithuania (BoL) and other reputable European regulators like the CySEC, BaFin, or FCA. This ensures the brokers operate transparently and comply with stringent financial standards.

  3. Trading Conditions and Platforms: We evaluated brokers based on their trading conditions, including spreads, fees, minimum deposits, and the variety of trading instruments available. The quality and usability of their trading platforms were also assessed, with a preference for those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.

  4. Customer Support and Localization: The quality of customer support was a key factor, particularly the availability of support in Lithuanian and accessible communication channels. We also considered brokers that offer localized services, such as websites and educational resources in Lithuania, to better serve Lithuanian traders.

  5. User Feedback: We incorporated genuine feedback from traders who have used these brokers to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.

FAQ

Yes, Forex trading is legal in Lithuania. It is regulated by the Bank of Lithuania (BoL), which ensures that brokers adhere to strict standards to protect investors and maintain market integrity. Lithuanian traders are also protected under European Union regulations, including the Markets in Financial Instruments Directive (MiFID II).

How to Open a Forex Trading Account in Lithuania?

To open a Forex trading account in Lithuania, follow these steps:

  1. Choose a regulated Forex broker.
  2. Complete the online registration form on the broker's website.
  3. Submit required identification documents for verification (e.g., ID, proof of address).
  4. Fund your account using an accepted payment method.
  5. Start trading on the broker’s platform.

Which is the Best Forex Broker in Lithuania?

The best Forex broker for you depends on your trading needs and preferences. Reputable brokers such as AvaTrade, Pepperstone, and FxPro are popular among Lithuanian traders due to their robust platforms, regulatory compliance, and excellent customer support.

What are the Minimum Deposit Requirements for Forex Brokers in Lithuania?

Minimum deposit requirements vary by broker. Some brokers may require as little as $10, while others might require $100 or more. It's essential to choose a broker that aligns with your budget and trading goals. For more information on brokers with low minimum deposit requirements, you can check out this Forex broker with low minimum deposit.

Can Beginners Trade Forex in Lithuania?

Yes, beginners can trade Forex in Lithuania. Many brokers offer educational resources, demo accounts, and user-friendly platforms to help new traders learn the basics of Forex trading and develop their skills without risking real money initially.

What Trading Platforms are Available for Lithuanian Traders?

Lithuanian traders have access to various trading platforms, including popular ones like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and proprietary platforms offered by brokers such as eToro and AvaTrade. These platforms provide advanced trading tools, real-time data, and user-friendly interfaces.

Does Forex Trading Involve High Risk?

Yes, Forex trading involves high risk due to market volatility and the use of leverage, which can amplify both profits and losses. It's crucial to understand the risks and use proper risk management techniques, such as setting stop-loss orders and not investing more than you can afford to lose.

Are Forex Brokers in Lithuania Regulated?

Yes, Forex brokers operating in Lithuania are regulated by the Bank of Lithuania (BoL) and must comply with European Union regulations, including MiFID II. This regulatory framework ensures that brokers maintain high standards of transparency, security, and investor protection.

What Leverage Options are Available for Lithuanian Traders?

Leverage options vary by broker and the type of account you open. Typically, brokers offer leverage ratios ranging from 1:30 to 1:500, but European regulations often limit leverage to 1:30 for retail clients to mitigate risk. Always check with your broker for specific leverage options.

What Payment Methods are Accepted by Lithuanian Forex Brokers?

Lithuanian Forex brokers accept various payment methods, including bank transfers, credit/debit cards, and e-wallets such as PayPal, Skrill, and Neteller. The availability of payment methods can vary by broker, so it’s best to check with your chosen broker for specific options.

Can I Use a Demo Account to Practice Trading in Lithuania?

Yes, most brokers offer demo accounts that allow you to practice trading with virtual funds. Demo accounts are an excellent way to learn how to trade, test trading strategies, and familiarize yourself with the broker’s platform without risking real money.

What are the Most Traded Currency Pairs in Lithuania?

The most traded currency pairs in Lithuania include major pairs like EUR/USD, GBP/USD, USD/JPY, and EUR/GBP. These pairs are popular due to their liquidity, tight spreads, and the availability of extensive market analysis and news.

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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