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

What Exactly is a Requote?

A requote happens when you place a market order at a specific price, but the broker’s liquidity provider cannot match that price. Instead of executing your order, the broker sends a new quote with a different price—usually wider spread or worse for you. For Ireland traders, requotes are most common with market maker brokers and during news events.

How Requotes Work in Practice

Suppose you are trading EUR/USD from Ireland and want to buy at 1.1050. You click 'Buy', but the market moves quickly. The broker responds with a requote: 'New price 1.1053. Accept or reject?' If you accept, you pay 3 pips more. On a standard lot, that is $30 extra cost. Requotes can also happen when liquidity is thin, such as during late hours when Irish traders are active after US market close.

Why Requotes Matter for Ireland Traders

Ireland retail forex traders often use smaller account sizes, making requotes proportionally more painful. A 2-pip requote on a $500 account can wipe out a day's profit. Additionally, brokers that frequently requote may indicate poor liquidity or conflict of interest. Choosing a broker with no requote policy, such as ECN or STP models, is crucial for consistent results.

For Ireland traders, requotes are particularly relevant when using local payment methods like Bank Transfer, Skrill, or USDT. Many brokers offer different account types based on deposit method. For example, a Skrill-funded account might default to market maker execution with higher requote risk, while Bank Transfer accounts may access ECN liquidity. The local financial authority in Ireland requires brokers to disclose execution policies, but requotes are not banned. Ireland traders should always check the 'Order Execution Policy' document before depositing. Also, since many Irish traders trade USD pairs, requotes can directly impact profit margins. Using USDT deposits may allow access to crypto-friendly brokers with faster execution, but always verify regulation first.

1. Check Broker Execution Type
   Before funding your account via Bank Transfer, Skrill, or USDT, confirm if the broker uses market maker (requote-prone) or ECN/STP (no requote) execution. Look for 'Instant Execution' or 'Market Execution' in the terms.
2. Test with a Demo Account
   Open a demo account with your chosen broker and place several trades during volatile times (e.g., US non-farm payrolls). Note how often requotes appear. This simulates real trading conditions for Ireland traders.
3. Set Slippage Tolerance
   In your trading platform (MT4/MT5), set maximum slippage to 0 or a small value. This prevents automatic requotes. However, be aware that some brokers may still requote if slippage exceeds your setting.
4. Use Limit Orders
   Instead of market orders, use limit orders to specify your exact price. This avoids requotes entirely because the order only executes at your price or better. Ideal for Ireland traders targeting specific USD levels.

Requotes vs Slippage: Slippage is automatic execution at a worse price, while requotes require your action. For Ireland traders, slippage is often better because it is faster. Requotes are more common with market maker brokers, while ECN brokers usually have slippage. In fast markets, requotes can cause missed opportunities, especially when trading USD pairs. Always choose execution type based on your trading style.

When you place a market order in forex, your broker sends it to a liquidity provider. If the provider cannot match your price due to rapid movement or low liquidity, the broker sends a requote with a new price. For Ireland traders, this often happens during overlapping London-New York sessions when USD pairs are most active. The requote process takes a few seconds, during which the market may move further. You can accept, reject, or set automatic rejection in your platform settings.

Example 1: You trade EUR/USD with a €1,000 account funded via Skrill. You want to buy at 1.1050, but the broker requotes at 1.1053. You accept. Your entry is 3 pips worse. For a 0.5 lot trade, that costs $15 extra.

Example 2: During the US jobs report, you try to sell GBP/USD at 1.2500. The broker requotes at 1.2505. You reject and the market moves to 1.2510. You miss the trade entirely. Using a limit order would have avoided this.

Example 3: A broker funded via Bank Transfer offers ECN execution. You place a market order on USD/JPY at 110.00. No requote occurs because of direct liquidity access. Your trade fills instantly at 110.00.

The local financial authority in Ireland oversees forex brokers to ensure fair practices. While requotes are not specifically banned, brokers must disclose their execution policy. Ireland traders should only use brokers that are authorized by the local financial authority. This ensures that if a broker abuses requotes, you can file a complaint. Additionally, regulated brokers must segregate client funds, so your deposits via Bank Transfer, Skrill, or USDT are protected. Always check the broker's license number on the regulator's website before trading.

• Choose ECN/STP Brokers: For Ireland traders, ECN/STP brokers rarely requote because they connect directly to liquidity providers. Look for brokers that advertise 'No Requotes' or 'Instant Execution'.
• Avoid Trading During News: Major economic releases (e.g., US interest rate decisions) cause high volatility. Requotes are almost guaranteed. Trade during quieter hours for better fill rates.
• Use Limit Orders: Set limit orders to control your entry price. This eliminates requotes entirely. Ideal for USD pairs where precision matters.
• Check Your Broker's Liquidity: Some brokers in Ireland partner with multiple liquidity providers. Ask customer support if they aggregate liquidity to reduce requote frequency.
• Monitor Spreads: Wide spreads often precede requotes. If you see spreads widening on EUR/USD, consider waiting or using limit orders.

Requotes are a reality for many Ireland retail forex traders, but they can be managed. By choosing the right broker, using limit orders, and avoiding volatile times, you can reduce requote frequency. Always prioritize brokers regulated by the local financial authority and test execution with a demo account. Next, compare brokers on comparebroker.io that offer no-requote policies and accept Bank Transfer, Skrill, or USDT deposits. Start your journey with a trusted broker today.