Deutsche Bank FX (DBFX)...post experience! | Forex Factory

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Deutsche Bank FX (DBFX)...post experience!

  • #1
  • First Post: May 13, 2009 2:23pm May 13, 2009 2:23pm
Last I heard their spreads were not very good. But that was quite some time ago. Does anyone have any more recent experiences with them?
  • #2
  • May 13, 2009 3:26pm May 13, 2009 3:26pm
Quoting JFX81
Last I heard their spreads were not very good. But that was quite some time ago. Does anyone have any more recent experiences with them?
Spreads still aren't very good. CMS CNX, ADM CNX, or GFT CNX is your best best if your looking for tight spreads.
  • #3
  • Jan 31, 2010 1:38pm Jan 31, 2010 1:38pm
Quoting BostonForex
Spreads still aren't very good. CMS CNX, ADM CNX, or GFT CNX is your best best if your looking for tight spreads.
now they have reduced spreads..
http://www.fxstreet.com/brokers/news...2-6d11862dce2d

I don't understand why nobody comments this dbfx.com broker? it is the biggest player in the market and nobody's using its services? I wonder why is that so?
  • #4
  • Jan 31, 2010 2:42pm Jan 31, 2010 2:42pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting kengur
now they have reduced spreads..
http://www.fxstreet.com/brokers/news...2-6d11862dce2d

I don't understand why nobody comments this dbfx.com broker? it is the biggest player in the market and nobody's using its services? I wonder why is that so?
Deutsche Bank is probably the biggest liquidity provider to the market, but as broker they are still not competitive regards the spread.
http://www.fxintel.com/live/

---------------------------------------------
http://www.myfxbook.com/members/pc8multifx
  • #5
  • Feb 1, 2010 1:19am Feb 1, 2010 1:19am
Hi, Does anyone know the difference between DBFX and AutobahnFX?
  • #6
  • Feb 1, 2010 4:00am Feb 1, 2010 4:00am
Quoting kengur
now they have reduced spreads..
http://www.fxstreet.com/brokers/news...2-6d11862dce2d

I don't understand why nobody comments this dbfx.com broker? it is the biggest player in the market and nobody's using its services? I wonder why is that so?
From what I've read, this is because DBFX is actually just a white label for FXCM. Yes, they are a huge bank and a massive presence in forex, but for retail guys like us, we get the FXCM white label to trade with, not the real Deutsche Bank.

I've never traded there, but that's what the reviews say. And if you think about it, it makes sense. Why would an investment bank that massive be interested in small accounts from small time retail players anyway? They wouldn't, which is why they provide the FXCM white label instead...
  • #7
  • Feb 2, 2010 9:48am Feb 2, 2010 9:48am
Quoting benga
Hi, Does anyone know the difference between DBFX and AutobahnFX?

AutobahnFX is Deutsche's proprietary trading platform for institutional clients. DBFX is the retail offering via FXCM white label
  • #8
  • Jun 9, 2010 4:17pm Jun 9, 2010 4:17pm
Quoting kengur
now they have reduced spreads..
http://www.fxstreet.com/brokers/news...2-6d11862dce2d

I don't understand why nobody comments this dbfx.com broker? it is the biggest player in the market and nobody's using its services? I wonder why is that so?
May be because their minimum account is 5 000 usd? and minimum trading amount 0.1 lot...
  • #9
  • Jun 14, 2010 2:34am Jun 14, 2010 2:34am
Quoting ForexSean
AutobahnFX is Deutsche's proprietary trading platform for institutional clients. DBFX is the retail offering via FXCM white label

dbFX's spreads are much tighter compared to FXCM. Spreads aren't widened so much as other brokers do, valid also for asian session. The typical FXCM disconnect issues are not so present with dbFX. In the beginning I also believed they're FXCM but in fact they're not. But still it's Boston Technologies and it's very often to see the old tick problem and last but not least is the funny advice if you're trading via the MT4 bridge to check if the trades are really executed or closed in the original platform.
  • #10
  • Jun 14, 2010 4:06am Jun 14, 2010 4:06am
Quoting forexmacc
dbFX's spreads are much tighter compared to FXCM. Spreads aren't widened so much as other brokers do, valid also for asian session. The typical FXCM disconnect issues are not so present with dbFX. In the beginning I also believed they're FXCM but in fact they're not. But still it's Boston Technologies and it's very often to see the old tick problem and last but not least is the funny advice if you're trading via the MT4 bridge to check if the trades are really executed or closed in the original platform.
You are using MT4 with dbFX? I wasn't aware that they offered it. It's not listed on their site.
  • #11
  • Jun 15, 2010 2:08pm Jun 15, 2010 2:08pm
I think they don't offer mt4 but you can connect their platform with an mt4 - to make a bridge, if you are such a fan of mt4. I personaly like their platform
  • #12
  • Jul 15, 2010 1:20pm Jul 15, 2010 1:20pm
they have mt4 for retail dbfx and autobahnfx through THE BT bridge. they are listed as being separate connections here in the list of banks/brokers:

http://www.bostontechnologies.com/bridges.html

Currently Boston Technologies' bridges support connections to:
ACT Forex Deutsche Bank (Autobahn) Bank Of America Dresdner Barclays FXCM Baxter Gain Cantor-Fitzgerald Hot Spot Citi FX Integral FX Inside Currenex Saxo dbFX UBS Easy Forex Interbank FX Forexster Easy Forex Interbank FX Forexster FXCM Pro

that means they are offering both. you have to ask about it.

also,forexmaccis right. the spreads are much lower in the dbfx server than fxcm. besides, what would expect from a banks vs brokers? I'd rather have the security of a bank over low spreads at a broker any day. lower spread won't matter when a broker goes under.
  • #13
  • Jul 18, 2010 7:12am Jul 18, 2010 7:12am
Hi,

Notice the DB FX offer is fixed spread ===> they are a market maker here not the RAW liquidity provider. Also take care better you have more than a liquidity provider as DB is good on EURUSD but less volume on other pairs.

So ECN & agregated liquidity provider will always offer better pricing.

Seem they want to bank their reputation but it's far from the interbank price feed.

Hope it helps.

Regards
13
Brokers are angels
  • #14
  • Jul 18, 2010 11:21am Jul 18, 2010 11:21am
Quoting fx13
Hi,

Notice the DB FX offer is fixed spread ===> they are a market maker here not the RAW liquidity provider.
Have you ever traded with them?
  • #15
  • Jul 18, 2010 11:24am Jul 18, 2010 11:24am
Quoting fx13
Notice the DB FX offer is fixed spread
You should check before you speak. On their site they only list the typical spread. The actual one is variable. For example here: http://www.dbfx.com/forex-charts-and...rch/quote-list (when the market will be open) if you don't want to download their software.
Quoting fx13
===> they are a market maker here not the RAW liquidity provider.
?????????

DB is ALWAYS a market maker. In fact, it's the biggest forex market maker in the world.

And WTF is a "RAW liquidity provider"? All liquidity providers, either MM or clients on ECN trade against the other side. They wouldn't trade if they believed they are on the wrong side. Go read a market micro-structure book where this stuff is explained.
  • #16
  • Jul 19, 2010 5:26pm Jul 19, 2010 5:26pm
FYI, there has been a lengthy discussion about dbfx on trade2win not too long ago (link).
It's not about how much you make, it's about how much you don't lose.
  • #17
  • Jul 19, 2010 5:55pm Jul 19, 2010 5:55pm
yep. just like i said. they use their platform tech. which means they are going to have those problems that FXCM does. but the spread is obviously higher than DBFX but it's recomended that you always cut the middleman out. the broker is the middleman. a bank is who they are. they make the markets and that means why not get it staright from the horse mouth instead of it's ass?!
  • #18
  • Jul 19, 2010 5:57pm Jul 19, 2010 5:57pm
What you get when you go with DBfx is a strong name in the market and liquidity from a big bank. I believe their the biggest liquidity provider in all retail fx. Other than that, its typical FXCM stuff. Their spread is better than 1-2 years ago so I wouldn't recommend them if you're a scalper. A buy and hold short/long term trader shouldn't have any problems with them. Not a fan of their trading platform, typical FXCM retail trading platform and can't understand why DBfx doesn't offer a more robust platform option.
  • #19
  • Jul 19, 2010 7:47pm Jul 19, 2010 7:47pm
well they do, but cough up 25000 for their autobahn platform for coporate accounts.

other than that, they have mt4 through BT and that spread makes things better. Ive seen the gbp/jpy go down to 2 pips in mt4 and fxcm was still at 4. so yes, fxcm are padding the spread. and that makes sense. because they have to make their money sicne they aren't the bank and dbfx is the bank. fxcm is basically and IB for dbfx
  • #20
  • Jul 19, 2010 8:23pm Jul 19, 2010 8:23pm
I just want to learn from the best so please post the most efficient thing in this thread
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