Hello,
Newbie here and on the verge of opening up a live a/c very, very soon. I was wondering if anyone has been using DBFX as their live account and how they find this trading outfit overall? I am attracted to them because they are essentially a division of Deutsche Bank proper and provide the high leverage for such a reputable firm. I know they are a white label for FXCM however. The interesting thing I’ve been reading/hearing about them is that they claim to be neither a market maker nor an ECN proper. When I called in to ask more about their role, they said that they have their own bank that provides rates. (They said more than that but I don’t really recall off the top of my head everything they said.) So anyways it SOUNDS as if these guys aren’t going to be like FXCM which purports NDD but as per the negative stories that abound on these forums, FXCM nevertheless trades against you.
Other than DBFX I am mostly leaning towards Oanda and Interactive Brokers although IB may be down the line.
Also there is CitiFXPro coming out real soon it sounds like. Maybe even by the end of this year?? Although Citi’s retail FX will also only be a white label, in their case for SaxoBank which also gets the usual “they trade against you” complaints (what’s new??).