What is the Difference Between ECN and MM Account in XAUUSD?

ECN Account XAUUSD vs Maker Account XAUUSD

ECN XAUUSD Accounts

ECN XAUUSD Account stands for Electronic Communication Network, these ECN XAUUSD Account xauusd brokers are connected to the inter-bank network directly through an electronic communication network and the xauusd orders from the ECN XAUUSD Account are placed straight to the electronic net-work.

The ECN XAUUSD Account will display different orders from different banks. The xauusd quote placed by these ECNs net-work of banks are direct from them to the interbank net-work and orders are executed direct to the inter bank market once a trader trading with this ECN account places an order with their xauusd broker.

These ECNs account will charge commissions + spread for every xauusd trade. For these ECN XAUUSD Account execution technique every trade is matched to another in real time over the interbank network - ECN Network.

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 trading 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 is 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.