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

What Exactly Is a Requote?

A requote is a message from your broker saying, 'The price you requested is no longer available. Here is a new price – do you want to trade at this price?' It typically happens when market liquidity is low or price moves too fast. For Colombia traders, requotes are common when trading during major economic news releases (e.g., US interest rate decisions) or outside peak trading hours (e.g., early morning Colombia time).

How Requotes Work in Practice

Imagine you want to buy 0.1 lots of EUR/USD at 1.1200. You click 'buy,' but the market has already moved to 1.1202. Your broker sends a requote: 'New price: 1.1202. Accept or reject?' You can accept the new price, reject it, or wait. In Colombia, internet latency can also cause requotes – if your connection is slow, your order may arrive late, and the price has changed.

Why Requotes Matter for Colombia Traders

Requotes can increase your trading costs. If you accept a requote at a worse price, you start your trade with an immediate loss. For a USD 1,000 account, a 2-pip requote on a standard lot can cost you USD 20. Over many trades, this adds up. Also, requotes can cause you to miss profitable opportunities, especially in fast-moving markets like USD/COP.

For Colombia traders, requotes are especially relevant when using local payment methods like Bank Transfer, Skrill, or USDT to fund accounts. While payment method doesn't directly cause requotes, the broker you choose does. Many Colombia traders use international brokers because local brokers may have higher requote rates due to lower liquidity. However, brokers regulated by the local financial authority (Superintendencia Financiera de Colombia) must follow strict execution rules, which can reduce requote frequency. Always check a broker's requote policy before depositing funds via Bank Transfer or Skrill. Also, trading USD/COP pairs can be more volatile, increasing requote chances. Use limit orders and avoid trading during Colombian holidays when liquidity is thin.

1. Check Broker Execution Policy
   Before opening an account, read your broker's order execution policy. Look for 'no requote' or 'instant execution' options. Many brokers offer both market execution (no requotes but slippage) and instant execution (requotes possible). Choose based on your trading style.
2. Use Limit Orders
   Instead of market orders, use limit orders to specify the exact price you want. Limit orders are less likely to trigger requotes because they wait for the market to reach your price. This is especially useful for Colombia traders during volatile news events.
3. Trade During High Liquidity Sessions
   Trade when major markets are open (e.g., London-New York overlap, 8:00 AM - 12:00 PM EST). During these hours, spreads are tighter and requotes are rarer. Avoid trading during early morning Colombia time (2:00 AM - 6:00 AM) when liquidity is low.
4. Test Your Broker with a Demo Account
   Open a demo account and deliberately trade during volatile times to see how often requotes occur. If you experience frequent requotes, consider switching to a broker with better execution. Compare brokers on comparebroker.io for Colombia-friendly options.

Requotes vs. Re-quotes vs. Price Improvement
Some brokers offer 'price improvement' where they try to give you a better price than requested. This is the opposite of a requote. For Colombia traders, price improvement is rare but beneficial. Requotes are more common with market makers, while price improvement is typical of ECN brokers. Compare brokers on comparebroker.io to find those that offer price improvement or low requote rates.

When you place a market order in forex, your broker tries to fill it at the current price. If the market moves before your order reaches the broker's server (due to volatility or latency), the broker cannot fill your order at that price. Instead, it sends a requote with a new price. For Colombia traders, this process is influenced by your internet connection speed and your broker's server location. For example, if you trade from Bogotá with a broker server in London, your order may take 100-150 milliseconds to travel. During fast markets, that delay can cause requotes. Some brokers offer 'instant execution' which requotes by default, while 'market execution' fills at the next best price (slippage).

Example 1: María in Medellín wants to sell USD/COP at 4,500. She places a market order. The market moves to 4,502 before her order reaches the broker. She receives a requote: 'Sell at 4,502?' She accepts, starting her trade with a 2-pip loss. If she had used a limit order at 4,500, the requote would have been avoided.

Example 2: Carlos in Cali trades EUR/USD with a USD 1,000 account. During the US Non-Farm Payrolls release, he tries to buy at 1.1200. The broker requotes at 1.1205. He rejects and waits. The price then drops to 1.1195, and he buys there, saving 5 pips. This shows that rejecting requotes can sometimes work in your favor.

In Colombia, forex brokers must be regulated by the Superintendencia Financiera de Colombia (SFC) to operate legally. The SFC sets rules for fair execution, including how requotes should be handled. However, many international brokers accept Colombia clients without local regulation. While this is legal, it means less consumer protection if requotes cause losses. To stay safe, choose brokers that are at least regulated by a top-tier authority (e.g., FCA, CySEC, ASIC) in addition to having a good requote policy. The SFC also requires brokers to disclose their order execution practices, so you can request this information before depositing funds via Bank Transfer, Skrill, or USDT.

• Use a VPS for automated trading: If you use Expert Advisors (EAs), a Virtual Private Server (VPS) near your broker's server reduces latency and requotes. Many Colombia traders use VPS services in Miami or New York.
• Avoid trading during Colombian holidays: Liquidity drops during holidays like Independence Day (July 20) or Christmas, increasing requote chances. Plan your trades accordingly.
• Set requote alerts: Some trading platforms allow you to set alerts when requotes occur. Use this to track how often your broker requotes you and decide if you need to switch.
• Compare requote policies on comparebroker.io: Our platform lists broker execution policies, including requote frequency. Use this to find Colombia-friendly brokers with fair execution.
• Start with a small deposit: Test a broker's requote behavior with a small USD 50 deposit via Skrill or USDT. If requotes are frequent, withdraw and try another broker.

Requotes are a normal part of forex trading, but they don't have to hurt your profitability. As a Colombia trader, you can minimize requotes by choosing the right broker, trading during liquid hours, and using limit orders. Always test a broker's execution with a demo account before depositing real money via Bank Transfer, Skrill, or USDT. For more broker comparisons and requote policies, visit comparebroker.io and find the best broker for your trading style. Start your journey today with a free demo account and trade smarter.