What is a Requote in Forex? Complete Guide for Bulgaria Traders (2026)

What Exactly is a Requote?

A requote occurs when you place a market order at a specific price, but the market moves before the broker can execute it. Instead of executing at the requested price, the broker sends a new price quote. You must accept or reject it. This is different from slippage, where execution happens at a different price automatically.

How Requotes Work in Practice for Bulgaria Traders

Imagine you trade EUR/USD with a Bulgaria broker. You see the ask price at 1.1050 and click buy. But during the split-second it takes your order to reach the broker, the price jumps to 1.1052. The broker then shows: "Requote: 1.1052". You must decide immediately. This is common during news releases like the US Non-Farm Payrolls or ECB rate decisions, which affect USD pairs heavily.

Why Requotes Matter for Bulgaria Traders

For retail forex traders in Bulgaria, requotes can eat into profits, especially on small accounts. If you trade with a market maker broker (common locally), requotes may happen more frequently compared to ECN brokers. Additionally, using deposit methods like Bank Transfer or Skrill does not affect requotes, but the broker's execution model does. Always choose a broker with low requote rates for USD pairs.

For Bulgaria traders, requotes are particularly relevant because many local retail traders use market maker brokers that rely on dealing desk execution. These brokers are more prone to requoting during volatile periods. The local financial authority does not ban requotes but requires brokers to disclose their execution policy. When funding accounts via Bank Transfer, Skrill, or USDT, Bulgaria traders should verify the broker's order execution type. ECN or STP brokers typically have fewer requotes, but may charge commissions instead. Given Bulgaria's time zone (UTC+2/UTC+3 in summer), the most volatile hours for USD pairs are between 14:00 and 18:00 local time, when London and New York markets overlap. During these hours, requotes are more likely. Traders should consider using limit orders or pending orders to bypass requotes entirely.

1. Choose an ECN/STP Broker
   For Bulgaria traders, selecting a broker with no dealing desk (NDD) execution reduces requote frequency. Check if the broker is regulated by the local financial authority or a reputable EU regulator.
2. Use Limit Orders Instead of Market Orders
   When trading USD pairs, place buy limit or sell limit orders. This guarantees execution at your price or better, avoiding requotes entirely.
3. Avoid Trading During Major News Releases
   High-impact events like US interest rate decisions or employment reports cause extreme volatility. If you must trade, use pending orders or accept requotes as part of the cost.
4. Check Broker Requote Policy Before Depositing
   Before funding via Bank Transfer, Skrill, or USDT, read the broker's terms regarding requotes and slippage. Some brokers offer requote-free execution for certain account types.

Requotes vs. Slippage: Both are execution issues, but they work differently. Slippage executes your order at the next available price automatically — you don't have to click accept. Requotes require your manual confirmation, which can cause delays. For Bulgaria traders, slippage is often preferable during fast markets because it is faster. However, slippage can be negative (worse price) or positive (better price). Requotes are almost always negative because the broker offers a less favorable price. Most MetaTrader platforms let you set a slippage tolerance to reduce requotes.

When you place a market order in forex, your broker sends it to a liquidity provider or internal dealing desk. If the price changes before the order is filled, the broker returns a requote — a new price at which they are willing to execute. For Bulgaria traders using USD pairs, this often happens during the London session (14:00–23:00 local time) or during US news releases. For example, if you try to buy USD/BGN at 1.8000 but the market jumps to 1.8005, the broker offers 1.8005. You can accept, reject, or adjust your order. Requotes are more common with market maker brokers than with ECN brokers.

Example 1: You have a Bulgaria brokerage account funded with 5,000 USD via Bank Transfer. You want to sell EUR/USD at 1.1200. You click market sell, but the price drops to 1.1198 instantly. The broker requotes at 1.1198. You accept, losing 2 pips compared to your intended price. Over many trades, these requotes add up.

Example 2: You trade USD/JPY during the US Non-Farm Payrolls release. You place a buy market order at 110.50. The broker requotes at 110.55. You reject, and the price moves to 110.60 — you miss the move. Using a limit order at 110.50 would have filled you automatically without requote.

The local financial authority in Bulgaria oversees forex brokers operating in the country. While it does not ban requotes, it mandates that brokers clearly disclose their order execution policy, including how requotes are handled. Brokers must also provide a best execution policy, meaning they must take reasonable steps to get the best possible result for clients. For Bulgaria traders, this means you have the right to know if a broker uses a dealing desk that may cause requotes. If you suspect abuse, you can file a complaint with the local financial authority. However, requotes are a normal market phenomenon — not a violation. Always choose a broker that is transparent about its execution model and requote practices.

• Trade during low volatility: For Bulgaria traders, the calmest USD pair hours are usually early morning (08:00–10:00 local) before London opens. Requotes are rare then.
• Use a VPS: A Virtual Private Server (VPS) reduces latency between your trading platform and the broker. This lowers requote chances for Bulgaria traders using Expert Advisors (EAs).
• Compare broker requote stats: Before depositing via Skrill or USDT, search online forums or broker reviews for requote frequency. Some brokers are known for fewer requotes on USD pairs.
• Set requote acceptance limits: In MetaTrader 4/5, you can enable automatic requote acceptance within a certain slippage range. This helps Bulgaria traders avoid manual delays.
• Monitor news calendar: Use a forex economic calendar set to Bulgaria time. Avoid trading USD pairs 30 minutes before and after major US releases.

Requotes are a reality for retail forex traders in Bulgaria, especially when trading USD pairs during volatile sessions. By understanding what requotes are, why they happen, and how to minimize them, you can trade more confidently. Start by choosing a broker with a transparent execution policy, regulated by the local financial authority. Use limit orders, trade during calmer hours, and test execution with small deposits via Bank Transfer, Skrill, or USDT. For more educational guides and broker comparisons tailored to Bulgaria traders, explore comparebroker.io — your trusted resource for smarter trading decisions.