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

ECN CFD Account vs NDD CFD Account

ECN CFD Accounts

ECN CFD Account stands for Electronic Communication Net-work, these ECN CFD Account cfd brokers are connected to the interbank network directly through an electronic communication network and the cfd orders from the ECN CFD Account are placed straight to the electronic net-work.

The ECN CFD Account will display different orders from different banks. Cfd quote placed by these ECNs network of banks are direct from them to the inter bank network and orders are executed directly to the interbank market once a trader trading with this ECN account places an order with their cfds broker.

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

NDD CFD Accounts

NDD stand for Non-Dealing Desk cfd execution of orders, these NDD CFD Account cfd brokers do not implement a dealing-desk - this makes this type of execution model to have less trading restrictions as opposed to Dealing Desk Execution Model.

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