What is a Requote in Forex? A Complete Guide for Czech Republic Traders (2026)

What Exactly is a Requote?

A requote occurs when you place a market order at a certain price, but the broker cannot fill it at that price due to rapid price movements or low liquidity. Instead, they offer you a new price, which may be worse (slippage) or better (rarely). For Czech Republic traders, this is common when trading during news releases or when the market is thin, such as during Czech public holidays.

How Requotes Work in Practice

Imagine you want to buy 1 lot of USD/CZK at 23.50. You click 'buy,' but the market moves to 23.52 in milliseconds. The broker sends a requote: 'Price is now 23.52, do you accept?' You must decide quickly, often losing the opportunity or paying a higher price. This is different from slippage, which executes automatically at the next available price.

Why Requotes Matter for Czech Retail Traders

Many Czech retail traders use brokers with fixed spreads or market maker models, which are more prone to requotes. With the local financial authority (ČNB) regulating forex brokers, some brokers may still use requoting as a way to manage risk, especially if you trade small lots or use high leverage. If you deposit via Bank Transfer or Skrill, delays in funding can also lead to margin-related requotes.

Real Example with USD

Suppose you have a 1,000 USD account and want to trade EUR/USD (converted to USD). You see a price of 1.1000 and click 'sell.' The broker requotes you at 1.1003 because liquidity dropped. You lose 3 pips per trade, which adds up over 100 trades to 300 pips—potentially 30 USD in extra costs for a Czech trader on a small account.

For Czech Republic traders, requotes are particularly relevant due to the local trading environment. The Czech National Bank (ČNB) oversees forex brokers, but many retail traders still use offshore or unregulated brokers that may requote aggressively. Local payment methods like Bank Transfer and Skrill are popular for deposits, but they can delay funding, increasing the chance of requotes during volatile periods. USDT (Tether) offers faster deposits but is less common among Czech traders. Additionally, the USD/CZK pair is highly sensitive to CNB policy changes, making requotes more frequent during these events. To minimize requotes, Czech traders should prioritize brokers with ECN execution, check for 'no requote' policies, and ensure their accounts are adequately funded before trading. Understanding requotes helps you choose better brokers and avoid unnecessary costs in your retail forex journey.

1. Check Broker Execution Type
   Choose an ECN/STP broker that offers direct market access to reduce requote frequency. Verify their execution policy on their website or via customer support.
2. Use Limit Orders
   Instead of market orders, use limit orders to specify the exact price you want, avoiding requotes entirely. This works well for Czech traders trading USD/CZK during stable periods.
3. Monitor News and Events
   Avoid trading during major economic releases like CNB interest rate decisions or US non-farm payrolls, as requotes spike. Use an economic calendar set to Prague time.
4. Ensure Sufficient Margin
   Fund your account adequately using Skrill or Bank Transfer before trading to avoid margin-related requotes. Keep at least 50% margin free for volatile trades.

For Czech Republic traders, requotes are similar to 'dealing desk' execution, where the broker takes the other side of your trade. This contrasts with 'straight-through processing' (STP), which routes orders to liquidity providers and reduces requotes. Another related concept is 'negative slippage,' where you get a worse price than requested—this is automatic, unlike requotes which require your confirmation. Understanding these differences helps Czech traders choose between market maker and ECN brokers based on their tolerance for requotes.

When you place a market order in forex, your broker attempts to fill it at the current price. If the market moves before your order is processed, the broker may send a requote with a new price. For Czech Republic traders, this process is influenced by broker type (market maker vs. ECN), liquidity, and market volatility. For example, if you trade USD/CZK and the CNB unexpectedly changes rates, the price can shift by 10-20 pips in seconds, triggering requotes. The broker then asks you to accept or reject the new price, which can delay your trade and affect profitability. Understanding this mechanism helps you anticipate requotes and adjust your strategy accordingly.

Example 1: You have a 500 USD account and want to sell USD/CZK at 23.00. The market is volatile due to a US jobs report. You click 'sell,' but the broker requotes at 23.03. You accept, losing 3 pips. Over 50 trades, that's 150 pips lost—potentially 15 USD in extra costs for a Czech trader on a small account.

Example 2: You deposit 1,000 USD via Bank Transfer, but the funds take 2 days to clear. Meanwhile, you try to trade EUR/USD during a news event. Your margin is low, so the broker requotes you on every order due to insufficient equity. This can be avoided by using USDT or Skrill for instant deposits.

The Czech National Bank (ČNB) regulates forex brokers operating in the Czech Republic under the European Securities and Markets Authority (ESMA) framework. While requotes are not explicitly banned, brokers must provide 'fair and orderly' execution. This means excessive requoting could be considered a violation of best execution rules. Czech traders should only use brokers that are licensed by the ČNB or regulated by ESMA, as these brokers are required to disclose their execution policies. Unregulated brokers often use requotes to manipulate prices, especially for retail traders.

• Choose ECN Brokers: For Czech traders, ECN brokers like IC Markets or Pepperstone (EU regulated) offer fewer requotes than market makers.
• Trade During High Liquidity: Focus on the London-New York overlap (14:00-18:00 Prague time) for better fills and fewer requotes.
• Use a VPS: A Virtual Private Server (VPS) near your broker's servers can reduce latency and requote frequency.
• Test with a Demo: Before depositing real funds via Skrill or Bank Transfer, test a broker's execution speed and requote rate on a demo account.
• Read the Fine Print: Check the broker's order execution policy for requote clauses. Some brokers charge extra for requotes or offer 'no requote' guarantees.

Requotes are a common challenge for Czech Republic forex traders, but they can be managed with the right broker and strategy. By choosing ECN/STP brokers, using limit orders, and trading during liquid hours, you can minimize requotes and improve your trading results. Always verify your broker's regulatory status with the ČNB and test their execution with a demo account using Skrill or USDT deposits. For next steps, compare brokers on comparebroker.io that offer no-requote policies and low spreads for Czech traders. Start your requote-free trading journey today!