A requote is a broker’s rejection of an order’s originally requested price, offering a new price instead because the market moved before the order could be processed. It is a normal feature of instant execution accounts, as this FXM680 guide explains.
Table of Contents
What Is A Requote? An In-Depth Overview
A requote occurs when a broker cannot fill an order at the exact price requested, instead presenting the trader with the new current price and asking whether to accept it or cancel the order entirely.
Requotes are specific to instant execution accounts, since market execution accounts simply fill at the best available price rather than pausing to ask for confirmation on a price change.
While sometimes frustrating, a requote is not a sign of broker malfunction but a direct consequence of how instant execution is designed to guarantee price precision.
Why Requotes Matter for Traders
Frequent requotes can disrupt time-sensitive strategies, since each requote requires a manual decision, introducing delay exactly when speed matters most, such as during a fast-moving breakout.
Understanding requotes helps traders choose the right execution model for their strategy, favoring market execution if requote frequency becomes a genuine obstacle to their trading style.
Detailed Analysis of When Requotes Occur
High Volatility Periods
Requotes become more frequent during major news releases or sudden volatility spikes, when prices move too quickly for the originally requested price to remain valid.
Low Liquidity Periods
Thin liquidity, such as during off-hours trading, can also increase requote frequency, since fewer active quotes are available to match the requested price.
Broker Infrastructure
Some brokers experience more frequent requotes than others due to differences in server speed and how quickly orders are processed relative to market movement.
| Condition | Requote Likelihood |
|---|---|
| Major News Release | High |
| Normal Trading Hours | Low |
| Low Liquidity Hours | Moderate |
Step-by-Step Guide to Handling A Requote
- Review the newly offered price when a requote appears on an order.
- Quickly assess whether the new price still supports the original trade rationale.
- Accept the new price if the trade still makes sense, or cancel if it no longer does.
- Consider switching to market execution if requotes are frequently disrupting the strategy.
- Avoid trading through major news releases on instant execution accounts if requotes are a recurring problem.
Common Pitfalls to Avoid
A common pitfall is repeatedly accepting requoted prices without reassessing whether the trade still makes sense at the new level. Another is becoming frustrated and abandoning a sound strategy entirely rather than simply switching to a market execution account instead.
Frequently Asked Questions
Do all brokers issue requotes? No, only instant execution accounts issue requotes; market execution accounts fill at the best available price without this step.
Is a requote a sign of a bad broker? Not necessarily; requotes are a normal feature of the instant execution model itself, though excessive frequency compared to peers may warrant scrutiny.
Can requotes be avoided completely? Switching to a market execution account eliminates requotes, though it introduces potential slippage instead.
Continue Your Forex Learning Journey with FXM680
Requotes are directly tied to the instant execution model covered earlier in this Academy. The next lessons explore slippage in trading and how it compares across execution types.
Disclaimer: The content provided on this page is for informational and educational purposes only. Trading financial markets involves significant risk. Consult with a certified financial advisor before making any investment decisions.
Keep Learning
Handle Requotes With Confidence
Requotes are normal, not a broker failure. Explore the full FXM680 Forex Academy to master every aspect of order execution.