Starting out as a bank specifically meant to promote foreign trade between Germany and other nations; Deutsche bank has now become one of the largest banks in the world, with over 100,000 employees in over 70 countries and over 380 billion dollars of assets under its wing, it is also the largest trader of foreign exchanges in the world, and continues to grow, so considering a binary options trade on Deutsche might not be a bad idea at all.
Currently maintaining a presence in most global financial centers including New York, London, Hong Kong, Tokyo, Sydney, Mumbai, Dubai and other locations the bank is now really a fully-fledged financial services company operating primarily out of Frankfurt.
It was originally created in 1870 Berlin to help remedy a situation that hampered the German economy, where its banks were forced to rely on French and English banks when trading in faraway countries.
Expanding quickly to London and Shanghai it began making investments in major projects in developing regions such as the Northern pacific railroad in the US and the Baghdad railroad in Iraq, its position of power in the German financial community also enabled to pressure the German government into paying more attention to its financial interests abroad, which just so happened to be aiding its own developing interests.
While the 1st World War slowed the progress of Deutsche Bank, it was not the outright disaster that came with the rise of the 3rd Reich and the 2nd World War which soon followed.
The bank was used as the main monetary engine for Germany during those years, they incorporated other smaller banks, fired Jewish board members, and aided in many cases of Jewish owned businesses being nationalized, the bank also provided the government with loans for the gestapo and military, which were used, amongst other things to build the Auschwitz concentration camp (a fact that was only revealed to the public at large in 1999).
Following the war, Deutsche bank was forced to be broken up into 10 smaller regional banks, but as years passed and regulations on Germany eased after the East-West division, the bank started re-forming itself, finally returning to a structure similar to its prewar status in 1957.
Continuing its growth throughout the decades, Deutsche has been developing both its banking related assets and other investments, ranging from casinos in the US to Italian banks, but like most of the financial industry, the 2008 crisis hit hard, with many investors losing all or most of their money, US shareholders even files a lawsuit against the bank, claiming that bank leaders knowingly and intentionally dealt in bad trades, while being aware of the fact that the market was headed to sure doom.
Financial hard times in Spain and Italy also made things challenging for Deutsche to recover from, and it was still finding its financial footing as recently as 2013, but 2014 reports have estimated a substantial rise in the bank’s assets under management worth, which would seem to indicate that there is cause for optimism when trading binary options of this German banking giant.
Be sure you are mindful of any number of economic conditions which may affect such a financial institute – any major movements in German economy will be quickest to hit, but since it has interests all over the globe, you also need to be concentrating on global economic conditions which may impact those interests in a hurry.
If you’ve got an eye for details and aren’t put off by complicated banking conditions and vast systems, Deutsche bank may just be the binary option you have been waiting for, do it smartly and you’ll soon need one of their accounts to store your profits.