Deutsche Bank Forex Review

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IMPORTANT NOTICE:

As of April 21, 2011 dbFX has exited the retail forex space and is no longer in operation. Learn more.

2013 Ratings

Overall
Commissions & Fees
Customer Service
Tools & Research
Ease of Use
Investment Offering
Education
Mobile Trading

2013 Review Star Ratings
N/A - Not Applicable

Reviewed by: StockBrokers.com Staff
Review date: 4/21/2011

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.

Compare Deutsche Bank to Key Competitors

Trade Commissions Breakdown

$6.87	Forex Trades*
STP	Clearing Method*
$0.00	Broker Assisted*
$5,000.00	Minimum Deposit
Mini	Minimum Contract Size
100:1	Maximum U.S. Leverage
100:1	Maximum Int'l Leverage

Typical Spreads

1.7	EURUSD
2.2	GBPUSD
1.8	USDJPY
2.2	USDCHF
2.2	AUDUSD

Commission Notes

By 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.

Account Features

	Virtual Trading
	No Minimum Deposit
	No Maintenance Fees
	No Dealing Desk
	Online Trader Community
	Investment Education

Mobile Trading

	iPhone App
	iPad App
	BlackBerry App
	Android App
	Mobile Site

Customer Service

	Phone Support
	Email Support
	Live Chat Support
	24/7 Customer Support

Trade Types

	Stock Trading
	Options Trading
	FOREX Trading
	Futures Trading