What is 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 STP, the STP Gold Account brokers will send client orders direct to their Gold Trading Liquidity Provider, the Gold Trading Liquidity Provider is a large bank that has deep liquidity to trade on the interbank net-work.

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 got access to the inter bank markets via their STP xauusd trading broker.

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

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 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 online interbank exchange gold market. Orders will be matched with other orders in the online gold market using the broker Non Dealing Desk order execution trade model.