What is Difference Between ECN and NDD Gold Trading Account?

ECN XAUUSD Trading Account vs NDD XAUUSD Trading Account

ECN Gold Trading Accounts

ECN Gold Account stands for Electronic Communication Network, these ECN Gold Trading Account brokers are connected to the inter bank network directly through an electronic communication network & the gold orders from the ECN Gold Trading Account are placed straight to the electronic net-work.

The ECN Gold Account will display different orders from different banks. The gold trading quote placed by these ECNs network of banks are direct from them to the interbank net-work & orders are executed direct to the interbank markets once a trader trading with this ECN account places an order with their xauusd trading broker.

These ECNs account will charge commissions + spreads for every gold trade. For these ECN Gold Trading Account execution technique every trade is matched to another in realtime over the inter bank network - ECN Network.

NDD Gold Trading Accounts

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

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