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

STP XAUUSD Trading Account vs NDD XAUUSD Trading Account

STP Gold Trading Accounts

STP Gold Trading Account stands for Straight Through Processing, the STP Gold Trading Account brokers will send client orders direct to their Gold Trading Liquidity Provider, the Gold Trading Liquidity Provider is a big bank with deep liquidity to trade on the interbank network.

An STP Gold Trading Account provided by an STP xauusd trading broker can either have one Gold Trading Liquidity Provider or many liquidity providers.

The best thing about STP Gold Trading Accounts is that xauusd traders can place their xauusd trades immediately with instant execution because they have access to the interbank market via their STP xauusd trading broker.

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

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 market. The orders will be matched with other orders in the online gold market using the xauusd trading broker Non Dealing Desk order execution trade model.