dbFX sees 40% jump in clients

dbFX, the online margin foreign exchange (FX) trading platform of Deutsche Bank, saw the number of customers increase by almost 40 per cent in 2009, as retail traders continue to look to diversify their portfolios by investing in FX.

dbFX believes the growth in the retail FX market will continue this year for five key reasons, namely, significant advantages of FX as a trading asset class, ever improving technology, transferable skills from other asset classes, the rise of automated trading, and the growth of managed accounts.

"Not only does technology continue to improve and enhance the client experience, but the growth of trading tools such as algorithms – which investors can buy off the shelf – are attracting a whole new range of potential investors to the asset class," Betsy Waters, Director, dbFX, said.

In addition, the growth of customised solutions, such as managed accounts, offers investors a means to access and leverage the benefits of FX, but without having to actually trade themselves, she said.

"Investors who trade other alternative assets have realised that much of the discipline required to trade FX is similar to the fundamental approach they already successfully employ," she said.

 

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