What is a Requote in Forex?
Requote
Forex Trading Glossary
Quick Answer: A requote occurs when your broker cannot execute at the requested price and offers a different price. Common during high volatility and with market maker brokers.
What is a Requote?
A requote occurs when a broker cannot fill your order at the requested price and offers a new price instead. Requotes are common with dealing-desk brokers during volatile conditions.
Reducing Requotes
- Trade liquid pairs: Stick to majors during peak sessions.
- Use limit orders: Guarantees price but not execution.
- Consider ECN/STP brokers: Direct access models reduce dealer intervention.
- Adjust around news: Volatility spikes make requotes more likely.
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