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

STP Account XAUUSD vs Maker XAUUSD Account

STP XAUUSD Accounts

STP XAUUSD Account stands for STP, the STP XAUUSD Account xauusd brokers will send client orders direct to their XAUUSD Liquidity Provider, the XAUUSD Liquidity Provider is a large bank with deep liquidity to trade on the interbank net-work.

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

The best thing about STP XAUUSD Accounts is that gold traders can place their gold trades immediately with instant execution because they have access to inter bank markets via their STP xauusd broker.

STP XAUUSD Accounts will not charge commissions, but will charge spreads on gold trades. Because traders have access to inter-bank market execution, there is no re quotes on the xauusd orders neither any order waiting for execution, order execution is instant.

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.