dbFX
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dbFX |
| Vote |
Current Month Stats   View Stats |
| Up | 99% |
| Down | 0% |
| Neutral | 1% |
| License | Deutsche Bank AG is regulated by the FSA for the conduct of designated investment business in the UK, a member of The London Stock Exchange and is a stock corporation incorporated in the Federal Republic of Germany HRB No. 30 000 District Court of Frankfurt am Main. |
| Trading software | dbFX Trading Station |
| Trading conditions | Min. deposit: $5000 |
| Address | Deutsche Bank AG, Taunusanlage 12 City: Frankfurt am Main State: New York Country: United States Of America Zip: 60325 |
| URL | www.dbfx.com |
Overall Rating: 
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If you want to enter the world of Forex market then dbFX is one of the most reliable forex brokers for you. This is not just because it can help you make informed decisions through easy-to-use, customizable platform with state-of-the-art features but also because everything is customized, easy, and reliable with dbFX for experienced traders. The Forex firm is an online foreign exchange trading service provided by Deutsche Bank AG, which is a major participant in the world's foreign exchange markets. Deutsche Bank AG is authorized under the German Banking Law and regulated by the Financial Services Authority for the conduct of UK business; it is a member of The London Stock Exchange.
The Forex firm offers easy-to-use tools such as trading from forex charts, one click trading, hedging capabilities, and no FIFO rules. If that was not all, you can always expect to get better value from investment as the Deutsche Bank Advantage helps you access deep liquidity with transparent and neutral pricing, comprehensive market information and fast execution.
The web site of dbFX is available in English, Chinese, Arabic, German, Spanish, French, and Russian languages and the forex broker is supported by the Deutsche bank that gives them a lot of credibility and flexibility as far as liquidity is concerned. The registration process for opening a forex account with dbFX is easy and straight forward but the availability of only one deposit option (wire transfer or online checks) and lack of PayPal and credit card payment support is a big letdown. dbFX does not provide a web-based trading platform, which may appear a hurdle for traders not eager to download a platform to their PC. dbFX offers an impressive 34 pairs at a low spread of as low as 2 pips but do not support positions with less than a minimum deposit of $5,000. A free account can be availed by forex traders but the lack of a mini account is a setback.
Deutsche Bank AG is authorized under the German Banking Law (BaFin - Federal Financial Supervising Authority) and regulated by the Financial Services Authority for the conduct of UK business.
| Founded: | 2005 |
| Regulation: | FSA |
| Minimum deposit: | US$ 5000 |
| Leverage: | 100 : 1 |
| Spreads on majors: | 3-4 pips |
| Commission: | No |
| Minimum trade size: | 100000 units |
| Currency pairs: | 34 |
| Payment options: | Bank wire |
| Platform: | Windows |
| Broker Type: | Market Maker |
| Minimum Deposit: | $5,000 |
| Stop Order: | Yes |
| Limit Order: | Yes |
| Trailing Stop Order: | Yes |
| 24hr Trading: | Yes |
| Free Demo Account: | Yes |
| Islamic Account: | No |
Pros
- No Commissions
- Traders are able to set max market order slippage
- No slippage during normal market conditions
- No price manipulation
- No stop-hunting
- Platform is intuitive and easy to handle
- Trailing stop works even when platform is closed
- Excellent charts
- Customer service representatives are always ready to help
- Stable and reliable pricing from 1.5 pips
- Access to award winning research from Deutsche Bank analysts
- Up to 100:1 leverage, depending on currency trading experience
- Trade directly from charts embedded in the trading platform
- 24 hour client support in 9 languages
- Customized Solutions for API and Automated traders, Money Managers, and Introducing brokers
Cons
- Wide Spreads
- Spread widen up to 20 pips during news releases
- Slippage during news releases
- Some requotes during volatile markets
- Partial Fills
- No Auto trading
| Broker Facts | |
| Company: | Deutsche Bank AG |
| Maximum leverage: | 200:1 |
| Payment options: | Bank wire |
| Major spreads: | 3-7 |
| Minimum deposit: | $5000 |
| Minimum position size: | 1 lot |
| Minimum trade size: | $100000 |
| Currency Pairs: | 34 |
| Leverage: | 1:100 |
| Spread: | 3 pips on EUR/USD |
This firm was founded in 2006 and offers standard type accounts and even free demo account. The minimum account size is $5000 and one can get good returns on investment via decisions made with the assistance of dbFX Trading Platform. With tight spreads from 1.7 pips and leverage of 100:1, dbFX protects your money with flexible trade size and Deutsche Bank research. dbFX helps clients trade the major currency pairs, the crosses, and provides support for 34 currency pairs. It is worthwhile to note here that dbFX has been voted the world's best forex house by Euromoney for the past 6 years and its members get instant access to world-class execution, research, and pricing.
dbFX provides continual 24 hour support from 22:15 London time (17:15 New York time) Sunday through 21:00 London time (16:00 New York time) Friday.
dbFX utilizes encryption, authentication protocols, and firewall protection designed for safeguarding the security of transaction information and records and complemented with back-up systems and contingency plans employed to minimize the possibility of system failures.
| Sales & Client Services Desk General Contact Information |
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| Phone: | 1-212-710-9000 |
| Fax: | 1-212-710-9001 |
| E-mail: | sales@dbfx.com |
| Trading Desk | |
| Phone: | 1-212-710-9002 |
| E-mail: | info@dbfx.com |
| Local Toll Free Telephone Numbers | |
| Argentina | 0-800-666-2403 |
| Brazil | 0-800-891-6304 |
| France | 0-800-90-6498 |
| Germany | 0-800-182-3083 |
| Mexico | 001-888-363-3239 |
| Hong Kong | 852-3420-9500 |
| Singapore | 800-1301-497 |
| Sweden | 020-79-68-47 |
| Switzerland | 0-800-55-7045 |
| Venezuela | 0800-162-7197 |
| United Kingdom | 0808-234-8020 |
| United States | 1-888-363-3239 |
dbfx hong kong
dbfx hong kong (www.dbfx.com.hk) is better than dbfx.com
a bank always want to lure
a bank always want to lure and make money out of its customers and dbfx is no exception.
I had an account with DBFX a
I had an account with DBFX a few months ago. They traded against me and hunted for stops. bad broker.
One of the best forex brokers
One of the best forex brokers for a new and experienced trader
Looks very professional and
Looks very professional and well set out.
No problems with them. Good
No problems with them. Good company
Been trading for some time
Been trading for some time now. great company great service and one of the best platform on the market.
the best fx platform i have
the best fx platform i have ever used. easy money deposit and withdrawal!
This is the real market
This is the real market maker.
The best Forex ever true
The best Forex ever true market maker!
I've tried them. I opened an
I've tried them. I opened an account. My short term trades getting stopped out and I couldn't make a profit with them. There was one trade, the market went against me so I tried to close the position. I must have hit the close button 20 times before it actually closed for - 30 pip from my intended. I saw that the demo platform looked similiar to FXCM so I asked them directly if they have any relationship with FXCM and they said no. I guess they are unfriendly towards short term day traders so be careful here.
Other than that, they have a
I have been using DBFX for several days now. I do not see any slippage at all. Account balance previous to trade reflects down to cent level on executed trade (at best pricing order). Saw some large spikes that hit my stops and reverified with third party data feed and indeed all was correct. And while not a perfect world , software locked up couple times, note your funds are insured in unlikely event DB goes broke. Only Citifx offers similar protection (but to lower amount 100k) but with much worse spreads. DB has great spreads even on more unusual pairs. Overall best package I have seen in my research. I see a lot of notes about FXCM, they use software and data that is similar, I cannot complain about DB execution. People complain of repricing during rapid market movements but this is a reality of life. I use mostly at best execution and have not seen any adjustments of price. When comparing to peers probably deserves 5 stars, but only been using few days so will give 4.
There is nothing better
There is nothing better than having a forex broker with excellent backup bank such as Deutsche Bank! So if you ask me what is the reason you have an account with them my answer would simply be: my money is safer here than any other broker in the industry. And thats what counts, yes, probably dbfx does not have the best spreads but thats a trade off im willing to take againt the certainty of my funds.