I'm curious about why does some brokers have symbols behind their pairings (eg. EURUSD. , EURUSD, , EURUSD.var) and some brokers don't have the symbol (eg. EURUSD ).
I came across a few brokers without any symbols and some with a dot behind every pairing. This is confusing me as some people say that brokers' pairings which has symbols is considered fake and it's a scam.
Can anyone verify this and give me a correct answer?
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What is "cfx" mean at the end of the currency pair?
William Roeder, 2020.04.01 15:08
Broker's use a variety of naming patterns: EURUSD, EURUSDc, EURUSDct, EURUSDecn, EURUSDi, EURUSDm, EURUSDpro, EURUSDt, "EUR.USD", "EUR/USD", "EURUSD!", "EURUSD#", "EURUSD.", "EURUSD..", "EURUSD.c", "EURUSD.cfx", "EURUSD.G", "EURUSD.SBe", "EURUSD.stp", "EURUSD+", "EURUSD-5", "EURUSD-sb", etc.
The prefix and suffix are from their Liquidly Provider (LP)In MT4 backoffice, the broker admin can determine which LP supply which quotes with those suffix/prefixAs simple as that.
ah okay, so the symbol and everything is just nothing important and is set by the LP?
Does this mean that if i use brokers with pairings that has no symbols has no LP? or it doesnt?
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