“Your money is as safe as it gets with Deutsche Bank”

Review by Nathan Andrews, Editor – MiddleEastForex.com 

dbFX is Deutsche Bank's online foreign exchange trading platform for individuals and small institutions. dbFX offer a high quality solution covering a dated version of FXCM’s trading station backed up with the insight of DB’s awarding winning research. Whilst one may have expected something special from DB on the trading platform front, the trade station is simple, functional and reliable – in short it does the job.

The spreads offered by dbFX are competitive and tend to be fixed even during market events and thin trading. EURUSD is offered at a 2 PIP spread and leverage is 100:1.

When you trade through dbFX, you receive privileged access to the world's foreign exchange market. dbFX is as close to the inter-bank market as a individual trader can be.  Deutsche Bank AG is a major participant in the world's foreign exchange markets, and you deposit with them is as safe as houses.

Company

Website: www.dbfx.com
dbFX (Deutsche Bank) Bank AG,
Winchester House,
1 Great Winchester Street, London EC2N 2DB

·         Deutsche Bank is the pre-eminent provider of liquidity in the world's foreign exchange markets.

·         Deutsche Bank has Offices in over 73 Different Countries

·         Over 64,000 Employees

·         More than EUR 1,000 Billion of Assets

·         No. 1 Foreign Exchange House in the World in 2005,  2006, and 2007 (Euromoney)

Deutsche Bank AG is the number one bank in the world's foreign exchange market (Euromoney FX Poll May 2006).

Platform

The dbFX platform is a dated version of FXCM’s trading station. The trading station is a mature, reliable and simple to use trading platform. dbFX use an additional level of security for live customers to gain access to the station, this is known as the PIN.

The trade station is very simple to use and install, though it will kill the FXCM trade station if it happens to also be installed on the same system.

The charting feature is called a market shot which opens up in a new window. For those with larger screens it possible to fit both the platform and the charts on one screen:

Trade and Execution

Very fast trade executions with rare slippages, very fast with an option trailing stops.

Charting

Easy to use charting application.

News and Market Research

For live market commentary dbFX provides the Thomson Reuters service. Whilst the Thomson service tends to be mostly of little value and more often than not useless, dbFX does provide access to its daily FX reports which are of high quality and typically tend to be on the spot with quality market commentary.

Overall Rating

5 Stars ***** (out of 5)

Just about everything a retail trader can ask for in a trading platform and Forex brokerage. dbFX ranks amongst the best on the market.