What is the Difference Between ECN and NDD Gold Trading Account?

ECN XAUUSD Trading Account vs NDD XAUUSD Trading Account

ECN Gold Trading Accounts

ECN Gold Trading Account stands for Electronic Communication Network, these ECN Gold Trading Account brokers are connected to the interbank network directly through an electronic communication network and the gold orders from the ECN Gold Trading Account are placed straight to the electronic network.

The ECN Gold Trading Account will display different orders from different banks. The gold trading quote placed by these ECNs network of banks are direct from the to the interbank network and orders are executed directly to the interbank market once a trader trading with this ECN account places an order with their xauusd trading broker.

These ECNs account will charge commissions + spread for every gold trade. For these ECN Gold Trading Account execution method every trade is matched to another in real time over the interbank network - ECN Network.

NDD Gold Trading Accounts

NDD stand for Non-Dealing Desk gold trading execution of orders, these NDD Gold Trading Account brokers do not implement a dealing desk this makes this type of execution to have less trading restrictions as opposed to the Dealing Desk Execution.

NDD Execution means that trades from the gold traders account will be executed directly to the online interbank exchange gold trading market. The orders will be matched with other orders in the online gold market using the xauusd broker Non Dealing Desk order execution model.