When trading on different platforms, you may have noticed various symbols or codes attached to financial instruments. These are called suffixes, and they play a crucial role in identifying the type of trading account you are using. Understanding these suffixes helps traders make informed decisions and avoid unexpected costs or trading conditions that might impact their strategies. In this article, we will explore the different suffixes associated with JustMarkets' trading accounts and how they affect your trading experience.
What is a Suffix in Trading?
In the context of trading instruments, a suffix is an additional character or group of characters added to the name of a financial instrument, such as a currency pair, commodity, or index. These suffixes differentiate the account types available on the platform. For example, the same currency pair (e.g., EURUSD) may have different suffixes depending on whether you are using a Standard, Cent, or Pro account.
Why Are Suffixes Important?
Suffixes help traders quickly identify which account they are trading on. This is essential because each account type may come with different spreads, commissions, or trading conditions. By recognizing the suffix, traders can avoid unexpected fees or restrictions and optimize their strategies based on the account type they are using. For instance, knowing that you are trading on a Raw Spread" account versus a Standard account can make a significant difference in your cost structure and risk management.
Note: The commission is applied only for the Raw Spread account. You can find more details about charges and commission in our article.
For more detailed information on the different types of trading accounts available at JustMarkets, please refer to the articles:
Breakdown of Account Types and Their Suffixes
Let’s take a closer look at the suffixes with different JustMarkets account types:
The suffix used for the Standard Cent Account is “.c”, and this account is available on the MT4 platform only. This account type is ideal for traders who prefer smaller position sizes, as it allows you to trade in cents rather than dollars.
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Examples:
- EURUSD.c
- XPTUSD.c
The suffix for the Standard Account is “.m” for most instruments, and this account type is available on both the MT4 and MT5 platforms. When trading indices, the suffix “.std” is used to indicate the Standard Account. The Standard Account is suitable for traders who prefer regular trading conditions without commissions.
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Examples:
- BTCUSD.m (for currencies and commodities)
- US500.std (for indices)
For the Pro Account, the suffix “.s” is used for most instruments, and this account is available on both MT4 and MT5 platforms. When trading shares, no suffix is attached to the instrument name, making it easier for traders to identify. The Pro Account offers competitive spreads and no additional commissions on trades.
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Examples:
- XAUUSD.s
- US100.s
The suffix “.ecn” is used for instruments traded on the Raw Spread Account, available on both MT4 and MT5 platforms. This account type is designed for traders who prefer tight spreads and are comfortable paying a commission per trade. Like the Pro Account, shares traded on the Raw Spread Account do not have a suffix.
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Examples:
- USDJPY.ecn
- WTI.ecn
For more detailed information about the available financial instruments for each trading account, refer to the article "What Instruments Can I Trade with JustMarkets?"
Non-Tradable Pairs (Light Grey Pairs)
In addition to tradable instruments, you may come across pairs that are displayed in light gray or have the suffix “.view”. These pairs are non-tradable, meaning you cannot place orders for them.
Once a client logs in to their trading account, they will receive a complete list of all pairs, including those with the “.view” suffix. However, non-tradable gray pairs will not be displayed on the MT4/MT5 platforms unless manually added.
For more details, refer to the article "Why Do I See Grey Pairs in MetaTrader?"