What Is a Requote in Forex? A Complete Guide for Brazil Traders (2026)

What Exactly Is a Requote?

A requote happens when you place a market or pending order, but the price has moved before your broker can execute it. Instead of filling your order at the original price, the broker sends a requote with a new price. You can either accept the new price or cancel the order. Requotes are common in fast-moving markets or during news events.

How Requotes Work in Practice

Imagine you want to buy USD/BRL at 5.2000. You click 'Buy,' but the market moves to 5.2010. Your broker sends a requote: 'Price is now 5.2010. Accept or cancel?' If you accept, you buy at 5.2010 — 10 pips higher than planned. If you cancel, you lose the opportunity. This can happen multiple times during volatile sessions.

Why Requotes Matter for Brazil Traders

Brazil traders face unique challenges. The USD/BRL pair is sensitive to local politics, commodity prices, and global risk sentiment. During Brazil's economic data releases (like IPCA inflation or Selic rate decisions), volatility spikes. Requotes become more frequent. Additionally, many Brazil traders use retail brokers that may not have deep liquidity pools, increasing requote risk.

Requotes vs. Slippage vs. Instant Execution

Requotes are different from slippage. Slippage executes at a different price automatically. Requotes give you a choice. Some brokers offer 'instant execution' (which can cause requotes) while others offer 'market execution' (which may cause slippage). Brazil traders should understand which model their broker uses.

How to Minimize Requotes

• Trade during high liquidity hours (London-New York overlap).
• Avoid trading during major news releases.
• Use brokers with 'no requote' policies or ECN/STP models.
• Use limit orders instead of market orders when possible.

For Brazil traders, requotes are particularly relevant because of the local trading environment. Many Brazilian retail traders use brokers that offer instant execution, which can lead to requotes. Additionally, the BRL is a volatile currency, often moving sharply during local news events. When depositing via Bank Transfer, Skrill, or USDT, funds may take time to clear, but once in the account, requotes affect your live trading. The local financial authority (CVM) does not specifically ban requotes, but brokers must disclose their execution model. Brazil traders should check if their broker uses a 'requote' or 'no requote' policy. Using USDT deposits can speed up funding, but does not affect requote frequency. To avoid requotes, choose a broker with deep liquidity and fast execution, especially when trading USD/BRL or other major pairs.

1. Identify your broker's execution model
   Check if your broker uses instant execution (requotes possible) or market execution (slippage possible). Most Brazil brokers offer both.
2. Test with a demo account
   Place trades during volatile times to see if requotes occur. This helps you understand your broker's performance.
3. Use limit orders instead of market orders
   Limit orders only execute at your specified price or better, reducing requote risk.
4. Trade during high liquidity hours
   For USD/BRL, best liquidity is during London-New York overlap (9:00-12:00 EST). Avoid trading during Brazil's economic releases.

Requotes vs. slippage: Requotes give you a choice to accept or reject the new price. Slippage executes automatically at the new price. For Brazil traders, requotes can be safer because you can reject a bad price, but they can also slow down trading. Some brokers offer 'no requote' policies but use slippage instead. Compare both models and choose based on your risk tolerance. For scalpers, requotes are worse; for swing traders, they matter less.

When you place a market order, your broker sends it to a liquidity provider. If the price moves before the order is filled, the provider returns a new price. The broker then sends this new price to you as a requote. For example, you want to sell USD/BRL at 5.2000. The market drops to 5.1990. Your broker says 'Price is now 5.1990. Accept or cancel?' If you accept, you sell at 5.1990 — 10 pips worse. If you cancel, you miss the trade. This process repeats until your order fills or you cancel.

Example 1: João trades USD/BRL with a $1,000 account. He places a buy order at 5.2000. The market jumps to 5.2020 during a news release. His broker sends a requote for 5.2020. He accepts and buys at a higher price, reducing his potential profit. Example 2: Maria uses a limit order to buy USD/BRL at 5.1950. The market drops to 5.1950, and her order fills without requote. Limit orders avoid requotes because they only execute at the specified price or better. Example 3: Pedro trades during London-New York overlap and uses a fast VPS. He rarely gets requotes because his orders reach the broker quickly.

The local financial authority (CVM) in Brazil does not specifically regulate requotes, but brokers must follow general rules on transparency and fair execution. Brokers must disclose their execution model and any potential requote policy. Brazil traders should only use brokers that are regulated by the CVM or other reputable bodies like the FCA or CySEC. Regulation ensures that brokers treat client orders fairly and do not abuse requotes. Always check a broker's regulatory status before trading.

• Use a VPS: A Virtual Private Server reduces latency, helping your orders reach the broker faster and reducing requote chances.
• Avoid news trading: During Brazil's IPCA or Selic decisions, volatility spikes. Stay out of the market or use pending orders.
• Check broker liquidity: Brokers with multiple liquidity providers (ECN/STP) have fewer requotes. Ask your broker about their liquidity sources.
• Monitor internet speed: Slow internet can cause delays, increasing requote risk. Use a wired connection or 4G/5G backup.
• Use smaller lot sizes: Large orders are harder to fill at the requested price. Trade smaller sizes to reduce requote frequency.

Requotes are a normal part of forex trading, but they can hurt your profitability if you don't understand them. For Brazil traders, the key is to choose a broker with a transparent execution model, trade during liquid hours, and use pending orders when possible. Test your broker with a demo account first. If you experience frequent requotes, consider switching to an ECN/STP broker. Remember, knowledge is your best tool. Now that you understand requotes, you can trade more confidently and avoid unnecessary costs.