Deutsche Bank - Forex Broker Review

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The financial powerhouse Deutsche Bank AG has been in operation since the 1870 and is considered to be one of the most trusted Banks in the financial world. The organization is based in Germany and has offices in over 76 different countries. According to the Euro-money FX poll, Deutsche Bank has been voted No1 Foreign Exchange House in the world 4 years in a row (2005-2008)…talk about achievement!

The ultimate goal of Deutsche Bank is to provide first class liquidity to all its clients.

What does Deutsche Bank AG offer?

Being a customer of Deutsche Bank will allow you to take advantage of the following:

• Your fund will be held directly with Deutsche Bank
• Good customer service
• Access to proprietary Deutsche Bank research
• Multi-lingual staff
• Competitive spreads
• World-class trading platform
• APIs available

Deutsche Bank AG is highly reputable and provides great service to its customers. However, it received some negative reviews where customers were unhappy about their stop loss system and their also the company being connected to FXCM.

Here are some of the negative aspects of DBFX:

• No MT4 software support
• Customers faced issues concerning their stop-loss in place
• Account opening tends to be complicated
• Only standard lot available (no mini-accounts).

Personally, from my dealings and experiences with this provider, I think you should definitely consider the services offered. That being said, I would not recommend going with Deutsche Bank if you are a news trader as you may face lock outs which is the worst thing that can happen if you are after quick pips.

Happy Trading.

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