DislikedAbout 3 months ago ,I spent about 1/2 hour with a rep from dbFX (who incidentally was in an office literally across from mine in the Financial District). He was a sales rep, and walked me through their latest software. I personally did not like the software at all, but that's just personal taste.
dbFX claims to account for 20% of all FOREX volume, but in their retail dealings they are nothing more than a big bucket-shop.Ignored
Dislikedyour trades will be evaluated by their back-office and Deutsche will only enter interbank as needed based on their own internal risk calculations.
In other words, you're likely to never actually participate i nthe interbank Forex market. I am repeating only what i was told on the phone.Ignored
DislikedI had complained that their spreads are not as tight as what I would consider industry-standard. Sure enough, a month later I got another call letting me know they will lower the spread if you keep a certain volume (don't remember what it was). Didn't convince me.Ignored
DislikedThe good thing about Deutsche is: they're less likely to go away, and because they're big, they get more scrutiny than some run-off-the-mill FX broker on the net.
That said, almost all FX brokers I know about are essentially bucket-shops/ Market Makers, and try to keep your transaction in-house whenever possible.Ignored
