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

ECN XAUUSD Account vs NDD XAUUSD Account

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.

NDD XAUUSD Accounts

NDD stand for Non-Dealing Desk xauusd execution of orders, these NDD XAUUSD Account xauusd brokers don't implement a dealing desk this makes this type of trade 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 online inter-bank exchange xauusd trading market. Orders will be matched with other orders in the inter-bank xauusd market using the broker Non Dealing Desk order execution model.