Has anybody got experience with Deutsche Bank (DBFX) | Forex Factory

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Has anybody got experience with Deutsche Bank (DBFX)

  • #1
  • First Post: Jan 28, 2008 1:13pm Jan 28, 2008 1:13pm
Hi to all, I want to know if sombody has experience with dbFX (Deutsche Bank)?

In special I want to know if they are SL hunters.

Thanks!
  • #2
  • Jan 28, 2008 1:17pm Jan 28, 2008 1:17pm
Rumour has it that Rob Grespi used to work for them, but he's never openly talked about their credibility.
  • #3
  • Jan 28, 2008 7:51pm Jan 28, 2008 7:51pm
well i have dbfx live account for about a year no issues with them.My experience with them is very good .
  • #4
  • Jan 29, 2008 2:03am Jan 29, 2008 2:03am
Looks like we have conflicting opinions. This will always happen, so it can be hard to gauge a reliable viewpoint.
  • #5
  • Jan 29, 2008 3:41am Jan 29, 2008 3:41am
Quoting forexmoments
Looks like we have conflicting opinions. This will always happen, so it can be hard to gauge a reliable viewpoint.
I dont think we have confllicting views because i am giving personal experience and htbreaker is just giving suspicion without trying it.
  • #6
  • Jan 29, 2008 11:07am Jan 29, 2008 11:07am
I haven't used them at all, but in checking their website, they advertise "as low as 2 pip spreads" and give EUR/USD as an example. BIG red flag. On ECN's, EU often has zero spread or 1 maybe, but they're saying the best they can do is 2??

Obviously they are manipulating prices and not giving true interbank pricing. Surprising really, as I always understood them to be one of the major banks in the "interbank" trading world...
  • #7
  • Jan 29, 2008 12:36pm Jan 29, 2008 12:36pm
Theirs growing speculations and even some Strong facts out that dbFX is nothing more then a white labeled FXCM. read the chater yourselves; GOOGLE dbFX + FXCM
  • #8
  • Jul 30, 2010 7:41pm Jul 30, 2010 7:41pm
the same person that opened my account in fxcm open the account in dbfx(same name), plus when this guy call me my phone id show FXCM instead DBFX. They will cut or close your position without you permission. they are horrible! the low spread is only a lure...be carefull....!!!!
  • #9
  • Aug 3, 2010 4:26pm Aug 3, 2010 4:26pm
Quoting doctorcomput
the same person that opened my account in fxcm open the account in dbfx(same name), plus when this guy call me my phone id show FXCM instead DBFX. They will cut or close your position without you permission. they are horrible! the low spread is only a lure...be carefull....!!!!
That is cute. I dunno who is running the server here but there are some big-name players hitching rides on this platform. A while back I had a ManFinancialFX account, and an FXCM account at the same time. Struck by the similarity between the trading platforms I one-day signed into FXCM using my Man account number - of course it all worked perfectly!
Minesweeper target: 284
  • #10
  • Aug 4, 2010 12:41am Aug 4, 2010 12:41am
Holy crap!
  • #11
  • Last Post: Aug 4, 2010 1:01am Aug 4, 2010 1:01am
Quoting TC East
I haven't used them at all, but in checking their website, they advertise "as low as 2 pip spreads" and give EUR/USD as an example. BIG red flag. On ECN's, EU often has zero spread or 1 maybe, but they're saying the best they can do is 2??

Obviously they are manipulating prices and not giving true interbank pricing. Surprising really, as I always understood them to be one of the major banks in the "interbank" trading world...
I wouldn't call 2pip spread a RED FLAG.

GFT offers a 2pip spread on EU 90% of the trading week, while a 3pip spread 8% of the trading week. If you watch the market 24/7, at times of low liquidity/volatility you might even get 1% spread and in VERY rare cases 0% spread. All this from a market maker.

DBfx is the largest liquidity broker in the market. No one can never really tell you if a broker is good/bad. You best bet, is to open a demo account and tryout their trading station and/or open a real account to experience the true worth of the broker.
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