What's Difference Between STP and NDD XAUUSD Account in XAUUSD?

STP Account XAUUSD vs NDD Account XAUUSD

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.

NDD XAUUSD Accounts

NDD stand for Non-Dealing Desk xauusd execution of orders, these NDD XAUUSD Account xauusd brokers do not implement a dealing desk and this is what makes this type of order execution model to have less trading restrictions as opposed to Dealing Desk Order Execution Model.

NDD Execution means that trades from the traders account will be executed directly to the online inter bank exchange xauusd market. Orders will be matched with other orders in inter-bank xauusd market using the broker Non Dealing Desk order execution trade model.