What is Difference Between NDD and DD Account in Forex? - Non Dealing Desk vs DD

NDD Account vs DD Account - NDD Account Forex vs DD Account Forex

NDD Accounts

NDD stand for Non-Dealing Desk forex execution of orders, these NDD Account FX brokers do not implement a dealing desk this makes this type of 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 the inter-bank exchange FX market. The orders will be matched with other orders in the inter-bank exchange market using the broker Non Dealing Desk order execution model.

DD Accounts

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

The forex trader trading with a DD account will get a lot of requotes.

Dealing Desks will issue forex traders with a lot of order requotes, meaning prices of orders are not realtime & broker can requote a forex trader's order if the price of the market changes quick enough before the broker's dealing desk places the order online or before they match the trade order in online inter-bank forex trading market.

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