What is Difference Between ECN and Standard Gold Trading Account?

ECN XAUUSD Trading Account vs Standard XAUUSD Trading Account

ECN Gold Trading Account includes Paying of Commissions on top of gold trading spreads while Standard xauusd accounts only include paying of spreads without paying commissions.

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.

Standard Gold Trading Accounts

Standard Gold Account - the Standard Gold Trading Account brokers will send client orders direct to their Gold Trading Liquidity Provider, the Gold Trading Liquidity Provider is a large bank with deep liquidity to trade on inter-bank network.

A Standard Gold Trading Account provided by a broker can either have one Gold Trading Liquidity Provider or many liquidity providers.

The best thing about Standard gold trading Accounts is that xauusd traders can place their xauusd trades immediately with instant execution because they have got access to inter bank markets via their STP gold broker execution.

Standard Gold Accounts will not charge commissions, but will charge spreads on xauusd trades. Because traders have access to the inter bank market execution, there is no requotes on gold orders neither any order waiting for execution, order execution is instant.