FX direct with DB

Discussion in 'Forex Brokers' started by Kicking, May 27, 2006.

  1. You're probably right. Their platform is white-labeled FXCM.

  2. Do a search, there is a large thread about this.

    Bottom line - and my opinion: the offering is no good at all. DB is backing your assets, but I think while DB is your counterparty on paper, you actually trade with FXCM and their quotes, like many other bucketshops.
  3. Hayek


    And try to check who is regulating and how it is regulating the DBFX (NOT Deutsche Bank), and how your funds is protected by the DBFX (NOT Deutsche Bank).

    In Chinese we say don't stumble at the same place twice. Good luck.
  4. bl33p


    They don't pay interest on your balance either.
  5. Xenia


    Same deal as with RefcoFX. Client money could be held with a different
    entity somewhere offshore (e.g. Bermudas). Read #11 Client Money ...