dbFX was Deutsche Bank’s online margin forex trading platform for individuals that operated between May 2006 and May 2011. Although Deutsche Bank did not explain the reason for shutting down the Forex Broker DBFX and it is believed they did not attract the number of clients they expected in an increasingly difficult regulatory environment for the bank. The client list was sold to Gain Capital and existing clients were directed to Gain's retail service forex.com upon closure of the business.
The minimum deposit at dbFX starts from $100. The broker’s trading platform is mt4 . The spreads are tight and start from 1 pip.
dbFX announced the closure on its website saying "...We'd like to inform you that from Friday 13 May 2011, Deutsche Bank will no longer provide dbFX, its online FX trading platform for individuals and small institutions. dbFX has made arrangements that will allow existing clients to open an account with FOREX.com.
On the DB FX trading station profile page at our website you can read reviews by other traders as well as write your personal DBFX review of your personal investments research with forex broker
|Address||FOREX.com (UK) 23 College Hill, 3rd Floor London EC4R 2RP|
|Free phone||+44 (0) 20 7429 7900|
|24 hour support|
|24 hour trading|
|Digits after the dot in quotes||4|
|Minimum position size||0.01|
|Pip spread on majors||1-3|
|Standard account, $||100|
|Mini account, $||100|
|Other payment methods|
|Popular payment methods||Credit Cards, Wire Transfer, WebMoney|
|Account currencies||USD, EUR, JPY, GBP|
It was real surprise when Deutsche Bank announced to exit from forex retail market. All customers had the best tailored to their trading needs solutions. DB was able to provide any level of liquidity. It was probably the only one broker that gave its traders an institutional level of execution and FX pricing among all other retail brokers. Unfortunately, dbfx not operating anymore and transferred all their clients to Gain Capital.