DBFX.com puts currency at the top of the agenda for intermediaries with the launch of its "introducing broker" program
dbFX.com, the online margin foreign exchange trading platform for retail investors from Deutsche Bank, is focusing further on the UK market with a new program that enables intermediaries to refer clients directly to dbFX.com for the first time.
This ‘Introducing Broker’ program means that intermediaries can now offer their clients a quality online FX trading solution. dbFX will also pay commission to intermediaries on each trade made by those clients they recommend to use the platform. In addition, ’Introducing Broker’ enables intermediaries to track their clients’ trading activity in real time as well as the commission earned on each client’s trade.
A further program - known as ‘Managed Accounts’ - allows providers to trade currencies on behalf of clients, and provides a range of back-office services, such as the calculation and payment of management fees and the handling of administrative details of account opening. In exchange, a performance fee is deducted from the client’s account.
Commenting, Betsy Waters, Global Head of dbFX Sales said: “The retail FX market is estimated to be growing by 30 per cent a year, with some predicting that the total volume of retail trading will reach up to $50 billion a day globally*.
“While individual investors see the value of trading currency as part of a balanced investment portfolio, intermediaries have yet to explore its potential benefits fully with their clients - despite currency being proven to be uncorrelated to equity and bond markets, and potentially an excellent portfolio diversifier.
“The ‘Introducing Broker’ program will encourage intermediaries to explore the potential benefits of FX for clients who may be interested in trading currencies as part of their investment portfolio. They will also be able to highlight the pros and cons of trading FX to highly literate financial clients and use their own experience to keep track of clients’ trading activity. They can do all of this via a platform that provides the security, service, pricing and expertise you would expect from the world’s leading FX bank. ”
Launched in 2006, dbFX.com is available in multiple languages and accessible in over 70 countries around the world. It brings the benefits of Deutsche Bank’s award winning expertise in foreign exchange to clients, with Deutsche Bank ranked the No. 1 Foreign Exchange Bank in 2007 by Euromoney magazine for the third year running.
The platform can be accessed at: www.dbfx.com
*Cable News Network.
For further information, please call:
Zaman Toleafoa / Christine Wood: +44 207 269 7244 / 7253
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,275 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.