What's Difference Between DD and Market Maker XAUUSD Account in XAUUSD?

DD XAUUSD Account vs Market Maker XAUUSD Account

DD XAUUSD Accounts

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

The xauusd trader trading with a DD account will get a lot of re-quotes.

Dealing Desks will issue xauusd traders with a lot of order re quotes, meaning gold trading prices of orders aren't real-time & the broker can requote a xauusd trader's order if the gold trading price of the xauusd market changes quickly enough before broker's dealing-desk places the order online or before they match the order in online inter-bank gold market.

Dealing Desk accounts therefore means that order execution of xauusd orders is not instant & therefore this execution model might mean that orders executed using a DD XAUUSD Account are not executed as quickly as when compared to an ECN trading account or an STP account.

MM Accounts

Market Maker XAUUSD Accounts are xauusd broker accounts where Market Maker xauusd brokers have a dealing desk model where they can match orders in house without going to the inter bank gold market.

XAUUSD orders can also be executed against their traders - meaning the broker can take the opposite side of a traders open trades.

This xauusd broker can make the decision to either execute a xauusd order that's the opposite of a xauusd trader's order thus if the trader makes a loss the broker makes a profit, & if xauusd trader makes a profit the broker makes a loss.