Latvijas pasta banka

Frequently asked questions

  • Does the Bank offer the possibility to trade with leverage (margin)?  

LPB offers its customers to make transactions with leverage on condition it is envisaged by the exchange or the counterpart. However, due to the fact that trading with leverage contains increased risks, this service is available only to experienced customers.*  

  • Does the Bank offer the possibility to open short positions? 

LPB offers its customers to open short positions on condition it is envisaged by the exchange or the counterpart. However, due to the fact that opening of short positions contains increased risks, this service is available only to experienced customers.* 

  • How to transfer/withdraw money to/from the cash account of financial instruments? 

Money to the financial instruments monetary account may be transferred you are your operating account in Latvijas pasta banka. It can be done via e-pastabanka or with the assistance of account operators. Money from the financial instruments monetary account may be withdrawn only to an operating account in Latvijas pasta banka.  

  • Is it necessary to open different accounts for trading with stocks and futures)? 

Trading with all financial instruments is done from the same account.  

  • How can I trade?  

LPB offers trading by means of trader workstations (DMA) or via telephone-based brokerage services (Classic Brokerage).  

  • For some financial instruments settlements for the transaction is done a few days after the transaction is concluded (T+3). May I transfer money on the day of settlement?

No. Money has to be available in the financial instruments monetary account on the moment the transaction is concluded.  

  • Can brokers of the Bank trade with financial instruments on my behalf at their own discretion? 

No. Brokers of the Bank conduct transactions only and exclusively upon assignment of the customer.  

  • When trading with financial instruments can I lose more money than initially invested? 

Yes. Any trading with marginal financial instruments or trading by means of leverage contains high degree of risk. Because of price fluctuations of financial instruments, losses may exceed the initial investment.

  • Does the Bank provide consultations in respect buying or selling concrete financial instruments?  

No. All decisions related to trading with financial instruments are made by the customer himself/herself. The Bank does not provide any consultations or advices in respect concrete financial instruments.  

* The Bank assesses the customer’s experience by examining the questionnaire, filled by the customer during the process of opening the account.  

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