What Is a Requote in Forex? Andorra Trader’s Guide for 2026

What Exactly Is a Requote?

A requote occurs when you place a market order but the price moves before the broker can execute it. Instead of filling your order at the requested price, the broker sends a new price quote. You must accept or reject it. This is different from slippage, where the order is filled at a worse price without asking.

How Requotes Work in Practice

Imagine you want to buy EUR/USD at 1.1000. You click buy, but the market moves to 1.1002. Your broker sends a requote: 'New price 1.1002, accept?' You can accept (pay more) or reject (miss the trade). For Andorra traders, this often happens when trading small lot sizes with USD pairs during low liquidity.

Why Requotes Matter for Andorra Traders

Andorra is a small market with limited direct forex broker presence. Many local traders use international brokers with slower execution. Requotes can eat into profits, especially for scalpers or day traders. Using local payment methods like Bank Transfer or Skrill doesn't affect requotes, but choosing a broker with fast execution and low latency does.

Requotes vs. Slippage vs. Rejection

Requotes ask for your permission to change the price. Slippage executes at a worse price automatically. Rejection means the order is cancelled. For Andorra traders, requotes are common with market-maker brokers, while ECN brokers rarely requote but may have slippage.

How to Reduce Requotes

Trade during high liquidity hours (London/New York overlap), use limit orders instead of market orders, and choose a broker regulated by the local financial authority that offers ECN/STP execution. Also, avoid trading during major news events like US Non-Farm Payrolls.

For Andorra traders, requotes are particularly relevant because the principality has a small but growing retail forex community. Most traders use international brokers and fund accounts via Bank Transfer, Skrill, or USDT. While these payment methods are convenient, they do not influence execution quality. The local financial authority (Andorran Financial Authority, AFA) oversees financial services but does not directly regulate forex brokers. This means Andorra traders must rely on brokers regulated in major jurisdictions like the FCA or CySEC. Requotes are more common with brokers that use market-maker models, which are popular among retail traders in Andorra due to lower minimum deposits. To minimise requotes, consider using a broker that offers a dedicated server in Europe for faster execution, and always test execution speed with a demo account before depositing real funds via Skrill or USDT.

1. Choose an ECN/STP Broker
   Select a broker regulated by a top-tier authority (FCA, CySEC) that offers direct market access. Avoid market-makers if you want to reduce requotes.
2. Test Execution with a Demo Account
   Open a demo account and place market orders during volatile times (e.g., news releases). Note how often requotes occur.
3. Use Limit Orders Instead of Market Orders
   Limit orders specify the price you want, so they avoid requotes entirely. Only use market orders when speed is critical.
4. Trade During High Liquidity Sessions
   Trade USD pairs during the London-New York overlap (13:00-17:00 GMT). Avoid Asian session when liquidity is lower.

Requotes vs. Slippage: Requotes ask for your permission; slippage executes automatically. For Andorra traders, requotes are more common with market-maker brokers, while ECN brokers cause slippage. Both can cost you money, but requotes give you control. Requotes vs. Order Rejection: Rejection cancels the order without a new price. Requotes offer a second chance. In volatile markets, requotes are preferable to rejections.

When you place a market order in forex, your broker tries to fill it at the current price. If the price moves before the order reaches the broker’s server, the broker sends a requote — a new price you must accept or reject. For Andorra traders using USD accounts, this often happens during news events or when trading exotic pairs with low liquidity. The broker’s execution speed, your internet connection, and the broker’s server location all affect requote frequency. Using a broker with a server in Europe can reduce latency for Andorra-based traders.

Example 1: You want to sell USD/CHF at 0.9200. You click sell, but the price drops to 0.9198. Your broker requotes at 0.9198. If you accept, you sell at a worse price (0.9198 vs 0.9200). Loss: 2 pips. Example 2: You want to buy EUR/USD at 1.1050 during US Non-Farm Payrolls. The price jumps to 1.1060. The broker requotes at 1.1060. You reject and wait for a better entry. Both examples are common for Andorra traders using market orders with USD pairs.

The Andorran Financial Authority (AFA) regulates financial services in Andorra but does not directly license forex brokers. This means Andorra traders must rely on brokers regulated in major jurisdictions like the FCA (UK), CySEC (Cyprus), or BaFin (Germany). These regulators require brokers to disclose their order execution policy, including requote practices. For Andorra traders, this means you should always verify a broker’s regulatory status before depositing funds via Bank Transfer, Skrill, or USDT. If a broker is not regulated by a top-tier authority, avoid them — requotes may be used to manipulate your trades. Always read the execution policy and check for negative balance protection, which is mandatory for EU-regulated brokers.

• Trade major pairs only: EUR/USD, GBP/USD have highest liquidity, reducing requotes for Andorra traders.
• Avoid news trading: Major economic releases from US or EU cause requotes. Wait 15 minutes after release.
• Use a VPS: A Virtual Private Server near your broker’s server reduces latency and requotes for Andorra traders.
• Check broker’s requote policy: Read the order execution policy before depositing via Skrill or USDT.
• Start with a demo: Practice with a demo account to see how often requotes happen with your chosen broker.

Requotes are a common but manageable part of forex trading for Andorra traders. By choosing an ECN/STP broker regulated by a reputable authority, trading during high liquidity hours, and using limit orders, you can significantly reduce requotes. Always test your broker’s execution with a demo account before depositing real funds via Skrill, USDT, or Bank Transfer. For more guidance, explore our broker comparison tools to find the best broker for your trading style in Andorra. Start with a small deposit and focus on education — requotes are just one of many factors that affect your trading success.