Dbfx forex system review

Dbfx forex system review

Posted: Hawk2008 Date of post: 23.06.2017

Some clients have been sent over to Forex. I previously wrote a review and thought I had rated them. I rate dbFX a 4 star. Because I don't think there's a 5 star out there yet.

But they have great customer service, and they are mostly honest. The previous brokers took my money.

dbfx forex system review

FXCM refunded, although just the loss, not the gain I should have had. FX SOL had ridiculous spreads. FXCM was stopping me out of trades. However, I find that dbFX is also stopping me out on trades. In my opinion, if you read anything regarding Boston Technologies, and their "Biz Plan" to be a broker, you'll quickly realize all brokers are essentially licensed to steal.

They ALWAYS answer the phone, nicest people on the planet, no voicemail, no press this button - straight through every time unless something disastrous happened in the market or the platform, like crashing, and everyone is calling. ALSO, I can set my stops and profits before I ever execute. Ever seen pips go in 1 sec?

Well, take a trade, and watch how before you set a stop, one time you'll get your butt chewed by a spike, because some of these brokers make you trade and then set your stops.

Also, I watch dbFX against other bank and broker prices, and theirs are always more balanced, the others higher than the ask, lower than the bid. I use teletrader and Leverage FX out of Florida. But I had the same with the other brokers and dbFX outshines in every area. When someone gives me the funds, I'll start the perfect brokerage, until then - I'll take dbFX as the lesser of all evils.

After all, broker or banker, no matter who you trade with, you are at their mercy - at least right now. I really like dbfx. I have not had any of the problems most people mention. I did at one time see some slippage, but that happens when there are tons of activity and sometimes i will not be able to close out my position during those very active periods.

This can be a problem, if i am scalping or have put in a very tight stop loss and am trying to snatch a couple of pips. But otherwise, i have not had any other problems.

I have made money and lost money.

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I have been with dbfx for now a bit over two years. The other issue of fxcm versus dbfx, i am not concerned. I am concerned about reputation, stability and security. Nothing is granted in life, especially forex, but having the queen mary of the forex industry is better than some tugboat out there. This is stupid They recommend me to join FXCM. I think the rumor is so true.

They are white label for FXCM Dear Dexxx xxxxx, We have received and reviewed your dbFX account opening form. Your Account Opening Form did not meet these requirements for the following reason s: However, if you are still interested in opening a margined FX trading account, Deutsche Bank can forward on your behalf, your name and contact details to Forex Capital Markets LLC FXCM , who may be able to accommodate your application.

FXCM is an independent FX dealer that is not affiliated with or guaranteed by Deutsche Bank. If you would like us to pass your information to FXCM, please reply to this email giving us consent to provide your details to FXCM. A representative of FXCM will contact you directly to discuss opening a trading account.

If you have any questions, please contact us via e-mail at admin dbfx.

Sure, DBFX probably has some of the highest retail liquidity in the business, but the so-called "Bank" lies to you BEFORE you open an account about anything they want to lie to you about. I spent a lot of time researching FX intermediaries and was told by DBFX that it was "No One" in the industry, having actually "won awards" for being "Number One" in the industry.

Well, what does "Number One" mean, when you lie to people? I was told by DBFX representatives, that I could trade on the MT4 Platform AND use my MT4 EAs. I was also told that I could TEST my MT4 EAs BEFORE depositing any funds. Not until AFTER I deposited my funds and opened an account, did anyone at DBFX bother to tell me that: Meaning, everyone in the world could see your trades and more importantly, ALTER your trades in-progress.

Thanks for letting me know BEFORE I opened my account, DBFX. You are behaving exactly like FXCM - a run of the mill Retail Forex Broker. Not like the up-scale BANK you are supposed to be.

Did not a single person at DBFX have the slightest problem with giving Trader's a "shared login" to test Expert Advisors with?

You can't get accurate trade performance with people tampering with your open positions! You are a Bank, for goodness sakes - certainly you could have afforded to get this one right the first time.

After trading with DBFX for 5 month. They "Cash In" my account in open positions, without any explanation or phone calls. After review of your dbFX account the "Account" , we have decided to exercise our right to terminate the Account effective at 8AM New York time on August 09, You will not be able to enter into trades for the Account after that time. At the time we terminate the Account, we will close-out any open positions that you have in the account and transfer any remaining funds in the Account to your bank account on file with us.

Best Regards, dbFX Sales and Client Services. For the most part, DB is THE 1 BANK I TRY TO STAY AWAY FROM in this country. DB doesnt really care about "regular people. That should give you an idea as far as priorities is concerned. For just that reason I felt like trying out dbfx.

Only been trading demo with them for a short while, yet so far Im pleasantly surprised. For some bizzare reason SCALPING DOES INDEEED WORK VERY WELL ON dbfxs platform. Their minmum deposit is either 5 or 10 Granted thats towards the high end. Still, in the case of Dukascopy I would strongly advise everyone to put in 10 grand as well, simply to keep comission costs down.

In that sense dbfxs position as a market maker rather than a DC like Interbank-Market-Access Provider becomes rather less interesting. If dbfx uses just a fraction of DBs liquidity volume, it probably exceeds every other MMs capacities by a vast multiple.

While I suspect that dbfx is a hybrid - MM at the receiving end of your trades while giving partial access to the interbank forex - even if they were a pure MM there is no way in hell dbfx could mess with you in the classical sense: In particular if dbfx shares office space with FXCM this suggests an unwillingness to be an ACTIVE MARKET MAKER. DB is not the company to move into labour intensive business models.

In relative terms DB came out of the financial crisis barely touched and much stronger than many of its competitors unsure whether I like that or not, but thats the way it is. The federal government provides for a pretty generous deposit insurance and the chances of DB going bust are non existent to begin with.

Their interbank forex market share makes the company so vital for the world wide monetary sytem that too big to fail doesnt even touch on it. Cant say much about account opening procedure but I assume they would want pretty detailed info.

From what Ive heard, US based fx brokers have some of the most stringent procedures out there, but I might be wrong. FXCM UK was less of a hassle than FCM US, but it was still bad.

I assume that is because IT IS INCORRECT TO BELIEVE THAT YOU ARE NOT APPLYING FOR A LOAN!

Błąd:

You are, its called leverage. The trustworthier a place the higher the chance they will NOT EMPLOY MEANS TO CURB YOUR PROFITS and actually pay them out on top. In the former case I would indeed think of deposits as "giving THEM money.

Reputable places dont have that option or chose not to act in this way. In summary, while DukasC remains my favourite for its unique business approach: The spreads are so good that trading with them might actuallly be a bit cheaper than in the DC case no comission.

Yet, there are fewer system options available, the min lot size is 10 units, the min deposit much higher and the account opening procedures apparently rather complicated. Should I find more flaws I will of course return here and let you know.

dbfx forex system review

Db works only for big account, is a little bit beter that FXCM but they will keep your open positions is you are negative, however is you change or go near to positive suddenly, sometimes they will close you position by themself.

I have been using DBFX for several days now. I do not see any slippage at all. Account balance previous to trade reflects down to cent level on executed trade at best pricing order.

Saw some large spikes that hit my stops and reverified with third party data feed and indeed all was correct. And while not a perfect world , software locked up couple times, note your funds are insured in unlikely event DB goes broke. Only Citifx offers similar protection but to lower amount k but with much worse spreads.

dbFX - Deutsche Bank reviews

DB has great spreads even on more unusual pairs. Overall best package I have seen in my research. I see a lot of notes about FXCM, they use software and data that is similar, I cannot complain about DB execution.

People complain of repricing during rapid market movements but this is a reality of life. I use mostly at best execution and have not seen any adjustments of price.

dbfx forex system review

When comparing to peers probably deserves 5 stars, but only been using few days so will give 4. Really I gave you across the board Mr. Brian W, Troy, Michigan for what you said about dbfx and I really checked out what you said an I typed the IP you provide and it was really true. Unbiased Forex Broker Experts. Review and Ratings Forex Brokers dbFX.

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