Deutsche Bank is shutting down dbFX exiting the retail forex market

[tar]

Just saw this at forex factory


Deutsche Bank is shutting down dbFX, exiting the retail forex market, transfers clients to Gain Capital

http://forexmagnates.com/dbfx-is-ex...-transfers-clients-to-gain-capital-forex-com/

 

[15 min tlb]

If they are working for 1 to 2 pips, and prices move frequently against the, they can lose more than what they make.If you give $5m fills , but don't get filled in the market, there is a problem of 1 to 2 pips profit and larger losses.

 

[Liquid validity]

http://www.db.com/ir/en/content/ir_releases_2011_3489.htm

Probably related, part of the unpublicised "alternative plan" 🙂
That and the stated RFED red tape...

 

[shadowninja]

Lower down the food chain, Paddy Power also exited the spreadbetting world and handed the reigns back to Capital Spreads.

 

[fxvip]

Was shocked to see DBFX exit, do you think all of their traders will move to Gain?