A picture paints a thousand words

What’s the score with dbFX and FXCM? Deutsche Bank’s decision to launch its dbFX platform for retail FX clients back in May seemed a well-timed move to capture business from what is a rapidly expanding and important market segment.

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The bank certainly didn’t play down any suggestion that deals done on dbFX were linked into its highly regarded Autobahn FX platform. In an official press release, Jim Turley, the bank’s then global head of currencies and commodities, said: “When you trade with dbFX, you receive privileged access to the world’s foreign exchange market.”

So it probably comes as a surprise to many of the clients who opened accounts to trade on dbFX that the platform appears, for the time being at least, to be a white-labelled version of FXCM, a platform operated by the privately owned Forex Capital Markets.

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