dbFX (Deutsche Bank)

Hi! Is anyone trading with them? If you do please comment. It's strange that I can't find any new thread about them, as I understand they are the biggest FX broker.

Is 1 standard lot the smallest lot size you can trade with them (it seems so on demo), do they allow partial lot closing, how fast is trade execution?

Thanks

Hi Tom

DB is a bank not a broker, they are the largest liquidity provider in FX, a real 800lb gorilla. Data puts them around 25% of total liquidity.

As for trading with them unit size is in increments of 10,000 units (1/10th of a full clip, e.g 1 mini).

Its there liquidity your tapping into when you trade, no commision as built into spread.

Lots of reports that they are a white label for FXCM, its rhubarb imo, they use there front end for a retail solution , but if you compare both platforms the liquidity you are trading is very much DB.

The contract you sign with DB mentions nothing of FXCM. you are trading with DB.
A bank there size with trillions in assets is not going to get into the habit of skimming retailers in a plot with Refcos offspring!

Execution is very much like an ECN not a bucket shop, spreads are variable but in core hours usually v tight.

BARX is another bank I'd recommend but with higher requirements. Trading with the providers of FX liquidity does have advantages.

All the best

Limey

Thank you very much for most informative reply. I'm currently trading with much smaller broker and I'm little worried what happens in case of broker's bunkrupcy (their insurance only covers compensation of 20.000€). With dbfx I wouldn't have no worry about that. Glad to hear that they are not trying to rip treir retail cients.

I recently opened an account with them. So far, so good. Stable platform, great charts, kick ass custom indicator support via codebase forum. Spreads could be tighter, but this really isn't an issue for me.

Execution speed is fair. To be honest, IBfx seemed a little faster, but I'm just going by feel. dbFX's customer service was exceptional during account setup... my acct rep really went above the call of duty to help me get setup. Only contacted once since to ask them a question, which was answered promptly.

They are a professional org and I can now say my confidence in my broker is no longer an issue. This was very important to me; we have enough problems trying to turn a buck... don't any added stress wondering if the broker is going to screw me or at risk for being under capitalized. Lastly, they welcome any trading style, so no worries there either.

hey what is the average spread for gbp/jpy?

thank you.

You can see their live quotes here: http://www.dbfx.com/forex-charts-and...rch/quote-list

hey adal, maybe its just my browser but i cant seem to view this page properly i'm at the page but don't see a spread chart .

Here's a current snapshot (6/14/2010, 22.30 GMT). I think there might be some markets closed because the spread on EU was jumping pretty high just before I took the picture.

You need a Java plugin installed in the browser. If you see the prices, but not the spread, it's because you need to compute it. Right click on the table, select "Setup columns" from the menu and make sure "Bid" and "Ask" are checked. Then you can compute the difference. Note that dbFX has 5 digit prices, while this Java applet displays only 4 and rounds it (I don't know if up or down).

Or you could just get a demo account and check for yourself

yeah dbfx is using the fxcm platform tech, and that's it. fxcm is the white label for dbfx if anything at all.

the spreads are lower at dbfx.

and here's a Asian session picture of the gbp/jpy to prove this so that everyone who is spreading miss information about dbfx/fxcm relationship can stop and go back on reading how market structure works.

banks provide prices, then the broker gets them. not the other way around! how can the #1 bank in the world be a white label for a broker that isn't even as big as the 11th biggest player in the market (bank of America)?! when someone can answer that I'll shut my mouth! or do i have the wrong market structure flow charts!? lol

a 1-2 pip difference higher than dbfx mt4

Just to confirm....

I just watched FXCM's CEO presentation, from the 2010 Expo, where he clearly stated, dbFX is their own entity and they are a liquidity provider for FXCM. not the other way around. db runs their own show and only uses FXCM's platform.

you have a link to that? I would like to see that as well

I think they use Boston Technologies for their MetaTrader platform offering.

Can anyone who uses MetaTrader with dbFX provide some feedback?

No problem... here's the video

He addresses db at minute 31, but the whole video is good to watch just to get a better picture of the industry.

The dbfx dealing rate snapshot screen that u post here, howcome you hv the midnight skin? i thought dbfx doesnt hv it so I didnt' subscribe becuz the default color is bothering me.

There are 4 default choices:

So how does the chart look like? Does it look like this? Because even if u change the color in color scheme, the tool bar part ( which is the skin ) will not be changed.

And actually do you use fxcm or dbfx?? cuz i really dont think dbfx can look like this

I use dbFX. Isn't this the same as yours?

Thanks! I am going to get a demo a/c and take a look. Cuz I am a chartist and I really have a hard time looking at the default one HAHA

I really dont understand why yours looks like that. i just d/l dbfx and look at it. Even if I changed the color to black, the skin is still the default one. You see what I mean? Even I tried to put the skin file (from fxcm) to dbfx folder but it doesnt work cuz it can't be changed.