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

NDD XAUUSD Trading Account vs DD XAUUSD Trading Account

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.

DD Gold Trading Accounts

DD stands for dealing desk, these DD account gold brokers have a dealing desk where they can match orders and execute gold order in the online xauusd trading market.

The gold trader trading with a DD account will get a lot of requotes.

Dealing Desks will issue gold traders with a lot of order requotes, meaning xauusd prices of orders are not real time and the xauusd trading broker can requote a gold trader's order if the xauusd price of the xauusd market changes quick enough before the broker's dealing desk places the order online or before they match the order in the online xauusd trading market.

Dealing Desk accounts therefore means that order execution of gold orders is not instant and therefore this execution model may mean that trading orders executed using a DD Gold Trading Account are not executed as quickly as when compared to an ECN account or an STP account.