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

What Exactly is a Requote?

A requote is a message from your broker saying, 'The price you requested is no longer available. Do you want to trade at this new price?' This usually happens in fast-moving markets or when your broker uses a market maker model. For example, if you try to buy EUR/USD at 1.1200 but the price has moved to 1.1202, the broker will ask if you accept 1.1202.

How Requotes Affect Bangladesh Traders

Imagine you deposit 10,000 BDT via bKash and trade 0.1 lot EUR/USD. A requote of 2 pips could cost you about 200 BDT extra. Over a month of frequent trading, these small losses add up. Mobile-first traders in Bangladesh often use low deposit brokers, which may have slower execution and more requotes.

Why Do Requotes Happen?

Requotes happen due to market volatility, low liquidity, or broker order processing delays. During major news events (like US Non-Farm Payrolls), price moves so fast that your requested price disappears. Brokers with ECN/STP models usually have fewer requotes because they connect directly to the interbank market.

Requotes vs. Slippage

Slippage is when your order is filled at a different price without asking you, while a requote asks for your approval. Slippage is common in volatile markets, but requotes give you a choice. For Bangladesh traders, requotes can be frustrating because mobile trading apps may not show the new price quickly.

For Bangladesh traders, requotes are especially relevant because most trade via mobile apps with small deposits (as low as 500 BDT via bKash). These low deposit brokers often use market maker models, which are prone to requotes. Additionally, many traders use USDT TRC20 for deposits, which can cause delays if the broker's system is slow to update prices. BSEC does not regulate Forex requotes, so traders must rely on broker transparency. To minimize requotes, choose brokers that offer fixed spreads or ECN execution, and avoid trading during low liquidity hours like early Asian session. Always test a broker's execution speed with a small deposit before committing larger funds.

1. Choose a broker with instant execution
   Select a broker that offers instant execution or ECN/STP model. Many brokers popular in Bangladesh like Exness or XM offer requote-free trading on certain account types.
2. Deposit via bKash or Nagad
   Use local payment methods for fast deposits. Ensure your broker supports these methods and has low spreads to minimize requote impact.
3. Trade during high liquidity sessions
   Trade during London or New York sessions when markets are most liquid. Avoid trading during major news events if you want to avoid requotes.
4. Use limit orders instead of market orders
   Limit orders allow you to set a specific price, avoiding requotes entirely. This is helpful for mobile traders who may not see requote prompts quickly.

Requotes are different from slippage. Slippage fills your order at a new price automatically, while requotes ask for your approval. For Bangladesh traders, requotes can be more risky because mobile apps may not show the prompt clearly. However, requotes give you control. Slippage is more common with ECN brokers, while requotes are typical with market makers. If you want to avoid both, use limit orders.

When you place a market order, your broker tries to fill it at the current price. If the price moves before the order is processed, the broker sends a requote with a new price. For example, if you want to buy USD/BDT at 110.00 but the price moves to 110.05, the broker will ask if you accept 110.05. This process happens in milliseconds. On mobile trading apps popular in Bangladesh, requotes appear as pop-ups. If you accept, the trade is executed at the new price. If you reject, the order is canceled. Requotes are more common with market maker brokers than ECN brokers.

Example 1: You deposit 10,000 BDT via bKash and trade 0.1 lot EUR/USD. You place a market order to buy at 1.1200. The broker sends a requote at 1.1202. You accept, and your entry price is 2 pips higher. This costs you about 200 BDT extra on that trade.

Example 2: You use USDT TRC20 to fund an account with $50. You try to sell GBP/USD at 1.3000 during the London session. The market moves fast, and the broker offers a requote at 1.2998. You accept, losing 2 pips. Over 10 such trades, you could lose $10 equivalent, which is significant for a small account.

BSEC (Bangladesh Securities and Exchange Commission) does not regulate Forex trading for retail traders. This means there is no local oversight on requote practices. However, many Bangladesh traders use offshore brokers regulated by FCA, CySEC, or FSA. These regulators require brokers to treat clients fairly, including transparent requote policies. Always verify your broker's regulatory status and read their execution policy. If a broker has many complaints about requotes, avoid them. Using a regulated broker reduces the risk of unfair requote practices.

• Test with a demo account: Before depositing real BDT via bKash, test the broker's execution on a demo account to see how often requotes occur.
• Use a VPS: If you trade frequently, a VPS can reduce requotes by ensuring faster order execution.
• Avoid news trading: Major news events cause requotes. If you must trade, use limit orders.
• Check broker reviews: Look for reviews from other Bangladesh traders about requote experiences with specific brokers.
• Set a requote tolerance: Some platforms allow you to set a maximum requote distance. Use this to avoid large price deviations.

Requotes are a common part of Forex trading, but they can be managed. For Bangladesh traders using bKash, Nagad, or USDT TRC20, understanding requotes helps you protect your BDT capital. Choose brokers with fast execution, trade during liquid hours, and use limit orders to avoid requotes. Start with a demo account to test execution quality, then deposit small amounts via bKash to see real-world performance. For more educational resources, visit comparebroker.io and learn how to trade smarter in Bangladesh.