Are Banks offering Online Retail Fx trading worth considering | Forex Factory

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Are Banks offering Online Retail Fx trading worth considering

  • #1
  • First Post: Sep 2, 2015 2:33pm Sep 2, 2015 2:33pm
I would be interested in your thoughts about trading with Banks Online Retail Fx.
For a start, which Banks offer this service and how does it stack up against the rest of the competition.
  • #2
  • Sep 3, 2015 12:03am Sep 3, 2015 12:03am
Well, that's a good question. I would check on how they dealt with traders who made profit from the SNB event earlier this year.
(I have read that some big bank owned brokers did no pay the full amount as per the filled price.)

I would also be curious for other traders' perspective.
  • #3
  • Sep 4, 2015 2:56pm Sep 4, 2015 2:56pm
Saxobank , swissquote ,, dukascopy , varengold are the current banks giving retail solutions . [ for my knowdge . ] Starndard chatered hongkong / HSBC hongkong too
Mastering the Pair
  • #4
  • Sep 4, 2015 9:00pm Sep 4, 2015 9:00pm
Quoting Janfx
Saxobank , swissquote ,, dukascopy , varengold are the current banks giving retail solutions . [ for my knowdge . ] Starndard chatered hongkong / HSBC hongkong too
all you mentioned are not banks and they have many cases against them they manipulate your trades saxobank have a long history of that ​
there are real banks offering fx but spread is vey huge like 50-200 pips in eurusd leverage is small you need millions to establish an account with them
have a nice day
focus while relaxed to see better
  • #5
  • Sep 4, 2015 9:17pm Sep 4, 2015 9:17pm
Quoting Janfx
Saxobank , swissquote ,, dukascopy , varengold are the current banks giving retail solutions . [ for my knowdge . ] Starndard chatered hongkong / HSBC hongkong too

Citibank too.
LDFX Trading Ltd
  • #6
  • Sep 4, 2015 10:14pm Sep 4, 2015 10:14pm
Quoting orabi
{quote} all you mentioned are not banks and they have many cases against them they manipulate your trades saxobank have a long history of that ​ there are real banks offering fx but spread is vey huge like 50-200 pips in eurusd leverage is small you need millions to establish an account with them have a nice day






My friend you might have to do more research on inveatment banking forex brokers
Mastering the Pair
  • #7
  • Sep 5, 2015 1:04am Sep 5, 2015 1:04am
Quoting hamall9
I would be interested in your thoughts about trading with Banks Online Retail Fx. For a start, which Banks offer this service and how does it stack up against the rest of the competition.
In Europe we have:
maxblue - from Deutsche Bank
cortal consors - from BNP Paribas

Forget the online rackets from Cyprus.
Best regards, Zef
  • #8
  • Sep 5, 2015 3:49am Sep 5, 2015 3:49am
Quoting Janfx
Saxobank , swissquote ,, dukascopy , varengold are the current banks giving retail solutions . [ for my knowdge . ] Starndard chatered hongkong / HSBC hongkong too
Lol I think the op means a proper bank that offers FX services not a bucketshop that gets a banking licence to make themselves look legit. To put Varengold/Saxo in the same category as HSBC is laughable. I think it is you who needs to do more research my friend lol.
  • #9
  • Sep 5, 2015 6:48am Sep 5, 2015 6:48am
You probably don't have enough money to trade through bank. Look this article : http://www.bloombergview.com/article...ners-fx-losseslink
  • #10
  • Sep 5, 2015 6:56am Sep 5, 2015 6:56am
Quoting orabi
{quote}there are real banks offering fx but spread is vey huge like 50-200 pips in eurusd
Are you sure you didn't mistook the money exchange counter with a trading venue?
  • #11
  • Sep 5, 2015 9:15am Sep 5, 2015 9:15am
The above comments have covered most of the retail solutions that banks offer for forex. But from what I know they aren't really interested in offering services to smaller clients as it comes with some heavy regulation which lowers their margins (this is the general case, it doesn't apply to all). The trade off is that with banks you get a more secure environment, but smaller brokers offer better trading conditions - lower fees, spreads, etc.
  • #12
  • Sep 6, 2015 7:07pm Sep 6, 2015 7:07pm
Quoting timestamp
The above comments have covered most of the retail solutions that banks offer for forex. But from what I know they aren't really interested in offering services to smaller clients as it comes with some heavy regulation which lowers their margins (this is the general case, it doesn't apply to all). The trade off is that with banks you get a more secure environment, but smaller brokers offer better trading conditions - lower fees, spreads, etc.
Correct.

CITIFX pulled out recently and the others dont want the hassle.
  • #13
  • Sep 7, 2015 12:24am Sep 7, 2015 12:24am
Quoting mitch77
{quote} Lol I think the op means a proper bank that offers FX services not a bucketshop that gets a banking licence to make themselves look legit. To put Varengold/Saxo in the same category as HSBC is laughable. I think it is you who needs to do more research my friend lol.

Well you might be Laughing Out Loud where you can categorize all companies engaged in investment banking :_
Mastering the Pair
  • #14
  • Sep 7, 2015 2:50am Sep 7, 2015 2:50am
Quoting lasty
{quote} Correct. CITIFX pulled out recently and the others dont want the hassle.
DB and BNP Paribas still cater. At least DB has everything you want through maxblue. Comes at a cost though.
Best regards, Zef
  • #15
  • Last Post: Sep 7, 2015 4:17am Sep 7, 2015 4:17am
Standard Bank and Barclays offers retail trading.​

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