Dbfx Is Fxcm ,and They Will Rather Lie About It ..

Am I getting close to 1mio posts ? :D

I am a second generation descendant of German immigrants and I will explain the attitude of DB

"You vill trade mit us, unt you vill like it"

The Ever Germanic VIPER :p
 
Quote from icebergorder:

DB have white labelled FXCMs retail side. There is no scam here. DB have no ability to manage the credit challenges of the retail market. Deutsche are more than likely supporting FXCM with a total credit line but that is then broken down to each individual risk on private investors.

Its easier for them to provide the credit and pricing to a readily built platform for retail clients rather than building one themselves and creating a whole new credit dept to take care of it.

Underneath any funds you place will more than likely be backed by DB somewhere down the line when siging up.

.....
More...

The scam is that when asked by potential customers whether there is a relationship with FXCM they don't admit it, even though there is no doubt at all that there is a relationship. When you open dbFX's trading platform and connect to the servers you are connecting to FXCM's servers. That fact should be disclosed by dbFX.
 
I did not say "dbFX = FXCM because they use the same platform," but rather that the customer agreement db posts on the dbfx website allows the platform to be operated about any way db likes. That is like FXCM (and other forex retailers for that matter), which is no endorsement.

Quote from allan0:

Chood, as a trader you are NEVER sure of anything, but let me put it this way : rather than trading with FXCM or other $1M startups, I'd rather trade with Deutsche Bank.

The whole point of this thread, i.e. dbFX = FXCM because they use the same platform, is pretty foolish. I contacted Deutsche Bank, another poster did the same, and in both cases Deutsche Bank assured us dbfx.com IS their FX retail outlet.
More...
 
chood, i don't think i had you in mind when writing that; either way, dbfx is legit DB, and whatever policies dbfx clients will face, are DB's not FXCM's. So I'd say the thread title is a bit misleading.
 
for the love of god , you would think you would have to be smacked in the head rather than face the facts ...(((( The whole point of this thread, i.e. dbFX = FXCM because they use the same platform, is pretty foolish. I contacted Deutsche Bank, another poster did the same, and in both cases Deutsche Bank assured us dbfx.com IS their FX retail outlet. ))

oh well if they say so it must be true although when I and about a 1/2 dozen other traders asked the above questions , there were no answer,s ,

but hell
--------------------------------------------------------------------------------
not just the same platform , the same mailing address to open your account ... , the same ip address , along with yesss the same trading platform ...
and if you ask about it , they denied it outright ,blatantly and if you ask the same questions I'm asking you to look at they just hang up ...
the fact is we are just little pee-ones to these guys , a 2nd thought so to speak ... ,, but believe what you want ,,, but if they will lie to me they is no way there getting my money ... so called bank or not ,,, you do what you want you have been warned ... thats more than most get in this shady forex world ...

good luck and happy trading
hemp
 
hempster, at this point I'd rather trust DB USA + DB Headquarters, plain and simple. In fact you can even find a page on DB's site where they advertise launching dbfx. The quality of dbfx will directly reflect on DB, and they do have a reputation to defend. You trust your findings, you made your case, I made mine, enough of this, it's getting old.
 
You must log in or register to reply here.
Back
Top