What is a Requote in Forex? A Complete Guide for Albania Traders

What Exactly is a Requote?

A requote is a message from your broker stating that the price you requested is no longer available. Instead, they offer a new price – typically with a wider spread. For example, you try to buy EUR/USD at 1.1050, but the broker responds with 'Requote: 1.1053/1.1056'. You then decide to accept or cancel. This is different from instant execution, where your trade is filled at the next available price.

How Requotes Work for Albania Traders

When you trade from Albania, your order goes to your broker's server. If the broker uses a market maker model, they may reject your price if market conditions change rapidly – for example, during a US Non-Farm Payrolls release. If you deposit via USDT, some brokers route your order to liquidity providers, which can reduce requotes. However, many Albania-friendly brokers still operate with dealing desks, making requotes more common.

Why Requotes Matter for Your USD Trades

If you trade USD/ALL or USD pairs, a requote increases your entry cost. Suppose you want to buy 1 lot of USD/JPY at 110.00. A requote to 110.03 means you pay an extra 300 pips in spread – that's $30 per lot. Over many trades, requotes eat into your profits. For Albania traders using Skrill or Bank Transfer, broker selection is critical: some brokers have strict requote policies, while others offer no-requote execution for a commission fee.

For Albania traders, requotes are especially relevant because many retail brokers operate with limited local liquidity. When you fund your account via Bank Transfer in ALL, the broker converts your money to USD, which can introduce additional latency. Skrill deposits are faster, but the broker's execution model still matters. USDT deposits are popular among Albania traders because they allow access to international liquidity pools, but requotes can still occur if the broker is a market maker. The local financial authority in Albania does not specifically regulate requote practices, so you must check your broker's execution policy. Always test a broker with a small deposit first to see how often requotes happen during your typical trading hours (European session overlaps with US session).

1. Check Broker Execution Type
   Before depositing via Bank Transfer or Skrill, confirm whether your broker offers instant execution or market execution. Instant execution brokers are more likely to requote. Look for 'no requote' or 'ECN' in their terms.
2. Use Limit Orders Instead of Market Orders
   Limit orders specify a price you are willing to accept. This avoids requotes because the trade only triggers if the market reaches your price. This is especially useful for Albania traders who trade USD pairs during volatile news.
3. Avoid Trading During High Volatility
   Major news events like US interest rate decisions or Albanian economic data releases cause rapid price movements. During these times, requotes are common. If you must trade, use pending orders.
4. Test with a Small Deposit
   Deposit a small amount via USDT or Skrill and place a few market orders during active hours. Note how often you receive requotes. If it happens frequently, switch to a broker with better liquidity.

Requotes are often confused with slippage, but they are different. Slippage occurs when your order is filled at the next available price without your explicit approval – common with market orders. Requotes require your acceptance. For Albania traders, requotes are more common with market maker brokers, while slippage happens with ECN brokers. Both can affect your USD trades, but requotes give you control. If you value control, choose a broker that offers requote warnings. If you prefer speed, an ECN broker with no requotes may be better, even if slippage occurs.

When you place a market order from Albania, your broker sends your request to a liquidity provider or internal dealing desk. If the requested price is no longer available (due to rapid market movement or low liquidity), the broker sends back a requote with a new price. For example, you want to sell USD/ALL at 110.20, but the broker responds with 'Requote: 110.18'. You then have seconds to accept or reject. This process is more common with brokers that use a dealing desk model, which is typical for many Albania-friendly brokers. The speed of your internet connection in Albania and your broker's server location also affect requote frequency.

Example 1: Ardian in Tirana deposits $500 via Bank Transfer and tries to buy EUR/USD at 1.1050. The broker requotes at 1.1053. He accepts, but his entry price is 3 pips worse. Over 10 trades, that's 30 pips lost – about $30 on a standard lot.

Example 2: Ema in Durrës uses USDT to fund her ECN account. She places a market order to sell GBP/USD at 1.2500. The broker fills at 1.2499 with no requote, saving her 1 pip. This shows how broker choice matters for Albania traders.

Example 3: Blendi in Shkodër trades USD/CHF during a Swiss National Bank announcement. He gets a requote from 0.9200 to 0.9210. He cancels and waits – the market then moves against him. By not accepting the requote, he avoids a losing trade.

The local financial authority in Albania oversees forex brokers operating within the country. While they do not have specific rules about requotes, they require brokers to act in the best interest of clients. Albania traders should verify that their broker is licensed and check if the broker's terms mention requote policies. EU-regulated brokers (e.g., CySEC) have stricter execution rules, which can protect you from excessive requotes. Always read the broker's order execution policy before depositing. If you encounter unfair requote practices, you can file a complaint with the local financial authority.

• Always read the trade confirmation: Before accepting a requote, check the new spread. If it is significantly wider than normal, cancel and wait for better conditions.
• Use a VPS for faster execution: A Virtual Private Server near your broker's server reduces latency, which can lower requote frequency for Albania traders.
• Trade major pairs during liquid hours: EUR/USD, USD/JPY, and GBP/USD have the deepest liquidity between 13:00-17:00 GMT (overlap of European and US sessions). Requotes are less common then.
• Around Albanian holidays: Liquidity can drop during Albanian public holidays, increasing requote likelihood. Plan your trades accordingly.
• Consider commission-based accounts: Paying a small commission per trade often gives you direct market access with no requotes, which can save money in the long run.

Requotes are a reality for many Albania retail forex traders, especially when using market maker brokers or trading during volatile periods. By understanding what requotes are, how they happen, and how to minimise them, you can protect your trading capital. Choose a broker with transparent execution policies, test with small deposits via USDT or Skrill, and use limit orders to avoid unwanted price changes. Ready to start? Compare brokers on comparebroker.io and find one with low requote rates for Albania traders.