dbFX (Deutsche Bank)

That thread is maybe a little old. From my experience the pricing/quotes are totally different. Spreads are stable, during news they get a little wider. Sometimes fxcm's mt4 freezes on news, haven't seen that with dbfx. I think for a broker dealer they are pretty ok, spreads on eurjpy is 2pips (that is small for a non ecn and even for a lot of ecn brokers).

DBFX uses the fxcm backoffice and software. I suppose that DB wouldn't allow FXCM to use their name. I guess they just didn't want to create everything on their own and use the fxcm software etc. The software is maybe not so good for charting as mt4 but a lot better to trade with (imho).

Plain wrong. DB only uses the same platform. This is old story.

I have a live account with DBFX and spreads ( 1.7 on eurusd ) are reasonably good, with good execution quality, and it's a safe broker / bank for your money.

Does anyone know how to change the time settings/GMT in the dbfx platform?

Hi AthrunZala,
This is under the main menu System -> Options -> General Trading, the option View format of time fields.
Hope this will help.

Hi Natali,

Is there another way to change the time cause I am in Hong Kong right now. I want it to follow the time of Hong Kong, but it seems the time settings of DBFX is not flexible.

thanks for the help!

Hi Tom81

how has your experience of trading with dbFX been since you joined them last year. (i am considering opening an account with them as i am fed up of the way brokers move their spreads !!)

Hi Pravin

I'm very satisfied with dbFX. Spreads are not as narrow as with some other brokers but are quite stable and I'm not having any problems getting filled 5 min after the news release (probably because of their high liquidity). The only complaint so far is their trading platform which in not very flexible. I've worked around this problem by using Boston technologies dbFX price feed and only placing orders on db platform (I don't want to use BT bridge). I have to add that I only trade high liquidity pairs (eur/usd, eur/jpy, eur/chf, usd/jpy, gbp/jpy) so I don't know how minors perform. As I trade from 1h/4h/daily charts I don't open positions very often so spreads aren't my main concern (if you're scalping for just few pips per trade dbFX's spreads may be a bit too high). Hope this helps

Hi Tom81,

Thxs for your quick reply and yes it does help

kindest rgds
Pravin.

What is the minimum for Deutsche Bank and do they offer managed accounts?

hi,
the minimum for dbFX is $5000 and they do offer managed accounts and the sums are very large for that type of account, aswell as being based on the volume of trades that one does.

i hope that helps

rgds
Pravin

If you want to withdraw money from DBFX, what are the different ways they can do to send you the money?

wire transfer only

Very useful info!
Didn't know that it's a white label. But I knew that CitiFX is a white label of Saxo

Anybody else recerived notice from them saying they are done and will move you to forex.com start May 13?

what did the notice say?

Dear client,

We are writing to inform you that Deutsche Bank will no longer be providing dbFX, its foreign exchange trading product for individuals and small institutions. This will take effect on Friday 13 May 2011.

So that you can continue to trade FX without any interruption dbFX has made arrangements that will allow you to move your account to FOREX.com, one of the largest providers of retail foreign exchange in the market. FOREX.com is a division of GAIN Capital Holdings Inc ("GAIN Capital"), a publicly traded company, organised in New Jersey, listed on the New York Stock Exchange (NYSE: GCAP).

By migrating your account to FOREX.com, you will continue to exclusively receive the market-leading research produced by Deutsche Bank for a period of one year.

We have established a process for the migration of your trading account to FOREX.com. If you consent to the transfer, dbFX will arrange for your trading positions and account balances to be transferred on Friday 13 May 2011 so that there is no disruption to your trading activity.

In order to consent to the transfer, you are required to click on the 'I consent' button below by 5:00 pm New York time on 6 May 2011.

.............................Bluh. Bluh,Bluh

Not sure if it only apply to U.S. based traders or around the world. Beside this email, I couldn't find information anywhere else about this change. Very stealthy.

Game over !

I'm so ticked-off right now after learning about this news, that I hardly know what to do. What ever happened to "dbFx A Passion to Perform." Or, "dbFx A Commitment to Customer Satisfaction."

The reasons given by dbFx are all at once, full of bologna. One the one hand they tell you that dbFx has been a money maker for db. Yet, in the same breath, they tell you that certain investments necessary to take dbFx to the next level, don't fit with the strategic path the db has taken overall. Well, excuse me, here. Didn't somebody at db know that at some point, it would have to build a stand-alone back-office for Retail FX, that was NOT connected with FXCM, once dbFx saw that Retail FX was a good business model! I mean, give me a break: 'We're making money but we cannot afford to build a Retail back-office!' Pleeeeeeze. Don't insult my intelligence dbFx.

Now, I'm being forced to either close my account or sign-on with Forex.com! Oh, yeah - that's the ticket. Why not sell your Retail accounts to CitiFx, at least that would convince people that db was serious about "being a bank in the Retail Fx market place." What a joke! What a massive joke played on the Retail customer, who put their trust and their MONEY into db. How many FUTURE accounts will I NOT open with db, precisely because of this KNIFE in the back - huh, db? Did you think of THAT before you stabbed me in the back - huh?

How many FUTURE accounts will your competitor, Barclays Bank get from me, huh, db? How much will this knife stabbing session cost you, db? I'm not too far away and as soon as I build my accounts to commercial account status, I'm headed for Barclays, where I'll hopefully get treated as if I have a brain.

'We're making money but we can't afford a valid Retail Fx back-office of our own - oh, and we are one of the largest FX banks in the entire world to boot?' Pleeeeeeeeeeze, don't insult me like that.

What really ticks me off is the fact that my revenue model that called for 100:1 is now cut in half! That means, the time it take me to net $1m, is not doubled!! That's no small matter!!! That's huge!!!!

Thanks db. I really appreciate your sticking it out for the "little guy." You are a real stand-up Bank in my book. And, I'll be sure to open FUTURE accounts with your bank, because you are so darn TRUSTWORTHY!

Frank and Dodd, BOTH of you are total nitwits. You make me sick! You just DOUBLED all of my TIME-LINES you half wits. You brainless flukes! And, for what!!! Just so you can tell the American People that you are regulating the financial industry? Give me a break - Forex had absolutely nothing to do with the 2008 economic implosion you mindless cows. It was the hap hazard management of people in Washington, D.C., who ran the country into the ground for eight (8) years and a housing bubble that YOU clowns helped to perpetuate that caused the economic meltdown of 2008. Not Retail FX, you dimwits!!!

Retail FX, had not one thing WHATSOEVER to do with YOUR mismanagement of the country's affairs. It was so-called LEADERS like you guys, who caused the implosion. Republicans and Democrats alike caused the worst economic disaster since the Great Depression - not the freaking Retail FX market. So, you toss out some misguided regulation that shuts down the operations of the leading "Bank" in Retail FX and what will you get in return for such regulation, that will protect the American Consumer? Not one red herring - that's what you will get out of this s-called protective measure.

You go out and vote for off-balance sheet wars - two of them, to the tune of Trillions of tax payer dollars, just to put Trillions more into the pockets of transnational corporations, stealing Iraqi Oil through non-competitive PSA Oil Contracts. You tax corporations into oblivion, so that they run and hide from you in Switzerland, to get lower tax rates. You create an environment where American Companies are more than willing to ship American Middle Class jobs overseas, which destabilizes the economy such that it can't handle what should be a normalized jobs retracement and you create massive economic swings in the process because there is NO MORE Middle Class income out there to bail-out the American Economy during negative turns in the economy, which are supposed to mild in nature - not damn near catastrophic!

You miss manage the country at every single turn and then you screw-up yet another good industry while claiming to solve a problem that does not even exist - just so that on election day, you can turn to the American People and proclaim what a wonderful job you are doing protecting us.

I am so sick of this crap - I mean, really sick of it. I've worked entirely too hard to develop my trading expertise, to have some sloppy thinking politician screw things up for me, by doubling my time-lines like this, all because of their useless stupidity and political posturing.

Maybe Libya and Egypt, are not the only places in need of some revolt. Maybe, we need to do a little revolting of our own, here in the United States, to take back some of our liberties that have been clearly taken away - like the right to decide who the heck we establish banking relationships with, without being subjected to ridiculous regulations that really don't protect anybody at all, but are nothing more than placeholders for politicians to point to when it comes time for clueless voters to punch a card at the poles - voters who won't know that this type of "regulation" won't stop the next BUBBLE from crashing our economy!!!!!

Well DB ist not totaly out of forex buisness for clients , they still have there own AutobahnFX plattform

http://www.autobahnfx.com/index.html