I've tried them. I opened an account. My short term trades getting stopped out and I couldn't make a profit with them. There was one trade, the market went against me so I tried to close the position. I must have hit the close button 20 times before it actually closed for - 30 pip from my intended.

I saw that the demo platform looked similiar to FXCM so I asked them directly if they have any relationship with FXCM and they said no.

I guess they are unfriendly towards short term day traders so be careful here.

I tried their demo for about 4 months, then went live. I noticed something strange, but i don't know if it's real or me. I know we are supposed to place stop losses, but unfortunately, it seemed that as soon as i placed a stop loss no matter how high, less than 100-150 pips, it will inevitably hit it before it hits my limit orders. The only way i have been able to profit is to avoid stop losses and then just ride it out until either my time frame is expired or my limit is hit. I don't know if this helps, i would be interested in other people's experience with dbfx. Overall their service has been excellent.

Slippage, requotes. I've just closed account.

Are we talking about the Deutsche Bank Forex company?? Those German guys are one the largest liquidty providers in the world, most don't even compare to them as they can cover your trades up to a billion dollars and they wouldn't even flinch. They also let you play the large placements, as in 50,000,000s and have the liquidity to cover you...

I am not sure if you realize that but when you are "trading the news" you are generally picking off the market and taking the money out of some institutional trader's book. When you "trade" lots under 1 mio during market hours do you actually think that someone goes into the market and "clears" that trade. Come on....lets comment on how fair a system is please.

In trying to find a suitable platform to start trading live, I have found all of conflicting information in all of these reviews to be incredibly confusing. I have found that the best source of information concerning the legitimacy of a forex broker to be the NFA (http://www.nfa.futures.org/)and the
CFTC(http://www.cftc.gov/marketreports/financialdataforfcms/index.htm).
If you go to the NFA and search for FXCM and DBFX you will find that they have different addresses listed, and FXCM has been removed from being compliant with the NFA. How these two are the same I don't know. Also if you go to the CFTC you can pull monthly net capital statements for all the major FX Brokers. FXCM and DBFX are listed separately there as well. As far as the actual platform that I will choose I am still not sure, I have been looking at legitimate banks like Bank of America, Wachovia, and RBC. I just found out that all 3 of these have their own software and platforms but they are not advertised on the website and do not offer demo's. Deutsche bank is the only one that has a trading platform. There are a few others like Bear

FYI

I wonder how some reviews stated that DBFX is FXCM? Sure they have the same trading platforms, but DBFX is DBFX, and FXCM is FXCM. Just because they have the same platform means that they are of one company. Alpari, IBFX, ODLS, FXDD, IKON royal and Mig all use the same MT4 platform. Are they ONE company? Absolutely not. You need to research first before you make a statement. I've been trading with DBFX and they have been great. The fact that they are a bank made me feel assured with the safety of my money. Too bad their spreads are slightly wider than those of MT4 brokers or Saxobank. Other than that, I'm satisfied with them.

first I had demo with them... then opened account - their staff well qualifed and efficient- best support I ever expiriensed.

The trading platform is very good/ honestly as for me metatrader is better/. But dbfx trading station allows flexible view tuning and order placement is very simple which is very good

DBFX has quick response time from client executives, whether by e-mail, or phone. They also have a live chat window. The charts are not the best, but the trading platform is user-friendly. There is some "slippage," but I have seen worse in other trading platforms that I demo'ed. I signed up with DBFX because of their performance overall. The funds are secure because DBFX is a real bank. Their people are well-trained, which means you won't win an arguement with anyone there, but you will get true answers. It can work for or against you.

Very disappointing experience, initially when the sales agent talks to you, they project the image of the true bankers, where client relationship is important.
Once you open an account welcome to the world of FXCM.
You can not always trade, you get slippage, your orders are manipulated, etc....
I was not happy with FXCM, I though DBFX would be different, my mistake. I should have listened to you guys.
For anyone thinking of opening an account, please at least read the comments of other people on this site.

When I first found that "Deutsche Bank" had a trading platform I was really excited. Well known, sound, trustworthy. Well what I got was FXCM, extremely disappointed. I would think that DB would have done some research in FXCM and easily discovered they are not completely honest with their customers, or at best lets give them the benefit of the doubt and say they are honest, then the alternative is their platform sucks and is filled with gliches. Why would DB get any where near them or even allow the appearance they are somehow invovled with one another? I was really hoping for something great but what they are offering is just more of the same. Too bad DB could have done this right. I'm going to give one star because the choice below that is scam , I dont plan on finding out if they are scamming or not, they lost my business right after I downloaded their platform.

They are ok. re: fxcm. its the way business is done in this mkt. Saxo, IG, City - all white-label their platforms to ALL the big banks small boutique CFD providers, same thing in FX. FXCM have links to all major banks, guaraneeing liquitidy so if you get turned off - you can guaratee they dont....good business model eh? for them anyway - furthermore, they have an institutional and retail platform.....

Never executed at volatile newstime. Spreads stayed 10 pips or less at news. Platform is basic but one click. Customer service for me was good and when I closed account received money within 2 days.
I would not recommend broker for news trading otherwise away from newstime seem to have average execution.
Overall not recommended.

From deep investigation I confirm that dbfx is indeed a db subdivision. in such one of the biggest fx participants of the world. If they were in to cheat relative smalltimers as ourselves, it would be like a regular bank stealing from customer accounts, quite unthinkable! and regularly sh*** for business. I find it terrible the amount of sore loosers who write bad reviews just because the are terrible fx-traders. Please base a review on more than a chat with some support personel on any customer service. They only know so much