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

What Exactly is a Requote?

A requote occurs when you place a market order at a specific price, but by the time the broker processes it, the price has moved. Instead of filling your order at the original price, the broker asks if you want to trade at the new price. This is common in fast-moving markets, such as during US economic data releases or ECB announcements that affect USD pairs.

How Requotes Work in Practice

Imagine you are an Austria trader using a retail forex broker. You see EUR/USD at 1.1000 and click 'Buy'. Your broker sends the order to its liquidity provider, but the price has shifted to 1.1002. The broker then sends you a requote: 'Price is now 1.1002. Do you want to buy at 1.1002?' You can accept or cancel. This delay costs you 2 pips. Over 100 trades, that is 200 pips lost to requotes.

Why Requotes Matter for Austria Retail Traders

Austria retail traders often trade smaller lot sizes, so requotes hit harder percentage-wise. If you deposit €1,000 via Skrill and trade USD pairs, a single requote could cost you 0.5% of your account. Also, many Austria traders use brokers with dealing desks, which are more prone to requotes. Switching to an ECN broker can reduce requotes but may increase commission costs.

For Austria traders, requotes are especially relevant because the local financial authority, the Financial Market Authority (FMA), regulates forex brokers. FMA-regulated brokers must follow strict execution policies, but requotes are not illegal—they must be disclosed. Austria traders using local payment methods like Bank Transfer (SEPA) or Skrill for deposits should note that these methods do not affect requote frequency, but they ensure your funds are handled by regulated entities. USDT deposits via crypto wallets may allow access to offshore brokers with fewer requote protections. Always verify your broker’s order execution type: market maker brokers often requote, while ECN brokers rarely do. In cities like Vienna, Linz, or Salzburg, internet speed is generally excellent, so requotes are usually due to broker practices, not your connection.

1. Check Your Broker’s Execution Type
   Log into your broker’s account details or read their order execution policy. If they are a market maker (dealing desk), requotes are likely. If they are an ECN/STP broker, requotes are rare. Austria traders can find this info on the FMA register.
2. Use Limit Orders Instead of Market Orders
   When trading USD pairs, set a limit order at your desired price. This avoids requotes entirely because the trade only executes if the price reaches your level. This works well for Austria traders using Bank Transfer or Skrill for deposits.
3. Avoid Trading During High Volatility
   Major US news events (like Non-Farm Payrolls) cause rapid price moves. As an Austria trader, you may face requotes during these times. Instead, trade during the London session (midday in Austria) when liquidity is higher.
4. Test Your Broker with a Small Trade
   Deposit a small amount via USDT or Bank Transfer and place a market order during volatile conditions. If you get a requote, consider switching to a broker with better execution. Many Austria traders use demo accounts first to test requote behaviour.

Requotes vs. Partial Fills: A requote offers a new price for your entire order. A partial fill occurs when only part of your order is executed at the original price, and the rest at a new price. For Austria traders, partial fills are more common with large lot sizes. Requotes are more frequent with small retail trades. Both can affect your USD profits, but partial fills are less disruptive because at least part of your order goes through at your desired price.

A requote happens in milliseconds but follows a clear process. You place a market order for a USD pair, such as buying EUR/USD at 1.1000. Your broker receives the order and checks with its liquidity provider. If the price has moved to 1.1001, the broker sends a requote: 'New price is 1.1001. Accept or reject?' You then decide. For Austria traders, this process is visible in MetaTrader as a pop-up window. The delay is usually 0.5–3 seconds, depending on your internet speed and broker’s infrastructure. Brokers with servers in Frankfurt or London (closer to Austria) may have faster requote responses.

Example 1: Austria Trader Buying USD/CHF
Maria in Vienna deposits €2,000 via Bank Transfer and trades USD/CHF. She places a market buy at 0.9200. The broker requotes at 0.9203. She accepts. The 3-pip difference costs her $0.30 on a mini lot. Over 50 trades, that is $15 lost to requotes.

Example 2: Austria Trader Using Skrill
Thomas in Graz deposits €500 via Skrill. He trades EUR/USD with a market sell at 1.1050. The broker requotes at 1.1048. He rejects and waits. The price later moves to 1.1045, so he missed a better entry. Requotes can cause missed opportunities too.

Regulatory Context for Austria: The local financial authority in Austria is the Financial Market Authority (FMA). The FMA oversees all forex brokers operating in Austria, ensuring they follow MiFID II rules. For requotes, the FMA requires brokers to have a clear and fair order execution policy. If a broker consistently requotes to your disadvantage, you can file a complaint with the FMA. Austria traders should only use brokers registered with the FMA or authorised under an EU passport. Depositing via Bank Transfer or Skrill with an FMA-regulated broker gives you access to the Austrian Investor Compensation Scheme (up to €20,000). USDT deposits to non-FMA brokers void this protection. Always verify your broker’s FMA licence on the official FMA website before trading.

• Check the Spread During Requotes: When you get a requote in Austria, the new price often has a wider spread. Always compare the spread to normal conditions before accepting.
• Use a VPS for Automated Trading: If you use Expert Advisors (EAs) in Austria, a Virtual Private Server (VPS) near Frankfurt can reduce requotes by lowering latency.
• Deposit in EUR to Avoid Conversion Fees: Austria traders often deposit in EUR via Bank Transfer. Trading USD pairs means you already face conversion; requotes add another cost, so keep trades smaller.
• Read Your Broker’s Requote Policy: FMA-regulated brokers in Austria must clearly state how they handle requotes. Look for phrases like 'last look' or 'price improvement' in the terms.
• Consider a Broker with No Requote Guarantee: Some brokers advertise 'no requote' execution. Verify this with a small live trade using Skrill or USDT before committing larger funds.

Requotes are a normal part of retail forex trading, but they can reduce your profitability if you are not careful. For Austria traders, the key is to choose a broker with transparent execution—preferably an ECN model regulated by the FMA. Use limit orders, trade during liquid hours, and test your broker with small deposits via Bank Transfer or Skrill. If you experience frequent requotes, switch brokers. Next, check our broker comparison tools to find FMA-regulated brokers with requote-free execution for your USD trades. Start with a demo account to see how requotes affect your strategy before going live.