Deutsche Bank Forex ReviewOpen an Account
As of April 21, 2011 dbFX has exited the retail forex space and is no longer in operation. Learn more.
|Commissions & Fees|
|Tools & Research|
|Ease of Use|
2013 Review Star Ratings
N/A - Not Applicable
Full DBFX Review
Deutsche Bank is a financial services provider that moved into retail forex brokerage in 2006. The Forex trading division of the corporation is headquartered in London and has offices in Hong Kong and New York. The company accepts U.S. deposits and thanks to Deutsche Bank's platform functionality, traders can hedge and easily navigate FIFO procedures. Deutsche Bank's trading platform offers trading on 34 currency pairs and is available in 5 languages.
Our Deutsche Bank review provides trade platform screenshots, detailed commission information, and online broker ratings.
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Trade Commissions Breakdown
|Mini||Minimum Contract Size|
|100:1||Maximum U.S. Leverage|
|100:1||Maximum Int'l Leverage|
Commission NotesBy default, Deutsche Bank accounts are set up to charge no commission and they are compensated through the bid ask spread.
Spreads - Deutsche Bank's default spreads are competitive compared to other brokers in the industry. There is roughly 1 pip of spread inserted into a given currency pair and when you consider there is no commission for this trading structure, this leaves you with a cost effective trading solution. Deutsche Bank also offers "Institutional-Quality Pricing" which lowers spreads and applies a commission charge to the transaction. This Premier account trading structure is outlined below.
Premier Accounts - Under Deutsche Bank's "Institutional-Quality Pricing", clients will receive access to "major" spreads in the 0.9 - 1.8 range. In turn, clients will be charged $5 per 100K USD traded (each side of transaction). To gain access to this trading structure, clients are required to trade a minimum of $500,000,000 per month (5,000 standard lots.
Micro Account Trading - Deutsche Bank currently does not offer micro lot trading.
DBFX was reviewed by StockBrokers.com on 2011-04-21 with an overall rating of 4 Stars.
|No Minimum Deposit|
|No Maintenance Fees|
|No Dealing Desk|
|Online Trader Community|
|Live Chat Support|
|24/7 Customer Support|