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Foreign Exchange Trading with dbFX

dbFX brings Deutsche Bank's expertise in foreign exchange to individuals and small institutions. Clients have access to world-class pricing, research and execution in a single state-of-the-art FX trading platform tailored to their needs. Not only does this apply to individual traders, but programs can be customized for introducing brokers through to financial institutions.

Benefits of Forex Trading with Deutsche Bank:

Tight spreads from as low as 1.5 pips on 34 currency pairs, under normal market conditions.
Funds are held with Deutsche Bank and protected by the Deposit Protection Fund of the Association of German Banks.
Quality execution in all market conditions.
Access to multi-asset Deutsche Bank research, brought to you by award-winning* analysts located around the world.
Real-time foreign exchange news and market commentary.

Key Features of dbFX:

Streaming real-time executable currency quotes, 24 hours a day.
Margin FX trading, with up to 100:1 leverage.
Flexible trade sizes starting from 10,000 units.
Optional Position Management Tool, allowing simultaneous long and short positions in the same currency pair.
Trade directly from real-time forex charts embedded in the trading platform.
Multi-language trading platform (available in Available in English, Chinese, Arabic, German, Spanish, French, Russian and Japanese).
Superior client services, with 24-hour multi-language support.
Account funding starts at $5,000 or the equivalent in GBP, EUR or JPY.

* Euromoney FX Poll 2005 - 2009

Contact

For more information about our products and services, or to locate a Sales Team member for a specific product or region, please contact us at
gffx.gfx@db.com

What's New?

Industry Comment

(Extract from FX Blueprint, September 09)

Yen is back
Maintaining our bias to be contrarian, we think the yen may end up being the biggest winner against the dollar. It has yet to significantly overshoot against the dollar, unlike every other G10 currency. Real yields are moving in its favour and nominal yields versus the US are negligible. The twist this time compared to 2002-2007 is that intervention may be less forthcoming thanks to a new party being in power in Japan and the likely influence of the US auto industry on US tolerance of any intervention.

Euro marches on as the dollar carry trade returns
The willingness of the Fed to always cut on any whiff of a slowdown has been one of the primary sources of dollar weakness over the past eight years. With rates now close to zero and likely to remain so for the next two quarters, the dollar will likely become the choice funding currency over the yen. Even if the Fed was to hike, history suggests that it may not be dollar positive to start with. Risk aversion may not help the dollar much either this time in the absence of dollar shortage issues and US repatriations. A double-dip in the Euro-area would see the euro falter, though that is not our base case. Valuation limits will not kick in until 1.55-1.60, so until then we stay long euro and short dollar TWI.”

To view full report please click here.

Imprint | Legal Resources | Last update: December 9, 2008