What is a Requote in Forex? A Complete Guide for Italy Traders

What Exactly is a Requote in Forex?

A requote is a message from your broker indicating that the price you wanted is no longer available, and they offer a new price for you to accept or reject. This is common in instant execution models, where the broker tries to fill your order at your requested price first. If the market moves before the order is processed, the broker sends a requote with the updated rate. For Italy traders, this can be frustrating when you are trying to enter a trade quickly during news releases or at market open.

How Requotes Work in Practice

Imagine you are a retail trader in Milan using a USD-denominated account. You want to buy EUR/USD at 1.1050. You click 'buy,' but the broker's system checks the live market and finds the best available price is now 1.1052. Instead of filling your order automatically at 1.1052 (which would be slippage), the broker sends a requote asking if you accept 1.1052. You can then accept, reject, or modify your order. This process gives you control but can delay execution, which is critical in fast markets.

Why Requotes Matter for Italy Traders

Italy traders often trade with leverage up to 1:30 as per the local financial authority rules. A requote of just 1 pip on a standard lot ($100,000) equals $10. For a mini lot ($10,000), it's $1. If you trade with a small account funded via Skrill or Bank Transfer, these small differences can eat into profits quickly. Additionally, Italy traders using USDT deposits may face extra volatility due to crypto market fluctuations, making requotes more likely. Knowing your broker's requote policy helps you plan your entries and exits better.

For Italy retail traders, requotes are particularly relevant because of the regulatory environment and local trading habits. The local financial authority mandates that brokers provide best execution, but requotes are allowed as long as they are transparent. Many Italy traders prefer to fund accounts via Bank Transfer for larger deposits, Skrill for convenience, or USDT for lower fees. When depositing with USDT, remember that crypto volatility can affect your margin, making requotes more impactful. Also, Italy traders often use local brokers or international ones with Italian support. Always check whether your broker offers 'no requote' execution, especially if you scalp or trade during high-impact news like ECB meetings. Using a demo account first can help you understand how requotes behave with your chosen broker and payment method.

1. Choose a broker with transparent execution policy
   Look for brokers regulated by the local financial authority that clearly state whether they use instant execution (requotes possible) or market execution (no requotes). Italy traders can read the broker's terms on their Italian-language website.
2. Test your broker's requote behaviour on a demo account
   Open a demo account and place trades during volatile periods, like during US non-farm payrolls or ECB press conferences. Note how often requotes occur and the average price difference in USD.
3. Use limit orders instead of market orders
   Limit orders specify the exact price you want, so requotes are less likely. This is especially useful for Italy traders using Skrill or USDT deposits who want to control entry costs precisely.
4. Monitor your internet connection and trading platform
   A stable connection reduces the chance of requotes due to latency. Italy traders in rural areas may consider a VPS service to keep their platform running smoothly, especially when trading larger USD amounts.

Requotes vs. slippage: Requotes ask for your approval before executing at a new price; slippage automatically executes at the next available price. For Italy traders, requotes are common with brokers that use instant execution, while slippage is typical with market execution. Requotes give you control but can cause missed trades if you hesitate. Slippage is faster but can be negative (worse price) or positive (better price). Many Italy traders prefer requotes for precision, especially when trading with leverage. However, if you trade during news events, requotes may cause delays that lead to worse fills. Compare your broker's execution policy on comparebroker.io to find the best fit for your style.

A requote works through a two-step process. First, you send a market order to buy or sell a currency pair, say EUR/USD at 1.1050. The broker's system receives your order and checks the live interbank price. If the price has moved to 1.1052, the broker cannot fill at 1.1050. Instead of filling at the new price automatically, the broker sends a requote to your platform: 'Price changed. Do you accept 1.1052?' You then have a few seconds to click 'Accept' or 'Reject.' If you accept, the trade opens at 1.1052. If you reject, the order is cancelled. For Italy traders using USD accounts, each pip difference equals a fixed dollar amount, so requotes directly affect your entry cost. This process is standard in instant execution models and is designed to give you control over price, but it can be slower than automatic execution.

Example 1: Marco, a retail trader in Rome, has a USD 5,000 account. He wants to sell EUR/USD at 1.1200. He clicks 'sell market.' The broker requotes him at 1.1203. He accepts. His trade opens 3 pips worse than intended. On a mini lot (10,000 units), 3 pips cost him $3. Over 100 trades, that's $300 in extra costs. Example 2: Sofia, a trader in Milan, uses a broker with no requote policy. She places a limit order to buy EUR/USD at 1.1100. The price reaches 1.1100, and her order fills instantly. No requote. She pays exactly the price she wanted. These examples show how requotes can add up for Italy traders, especially those using market orders during volatile sessions. Using limit orders or choosing a no-requote broker can save money over time.

The local financial authority in Italy, CONSOB (Commissione Nazionale per le Società e la Borsa), oversees forex brokers operating in the country. CONSOB requires brokers to provide best execution and transparent order handling. Requotes are permitted as long as they are disclosed in the broker's terms and conditions. Italy traders should only use brokers that are registered with CONSOB or authorised under MiFID II. This ensures that requotes are not used to manipulate prices. Always check the broker's Italian-language documentation for their requote policy. If a broker is not regulated by CONSOB, you have limited recourse if requotes cause financial loss. Stick to regulated brokers and use local payment methods like Bank Transfer for larger deposits to maintain a clear audit trail.

• Use a broker with 'no requote' execution: Many brokers now offer market execution that automatically fills orders at the next available price, eliminating requotes. Italy traders should compare brokers on this feature.
• Avoid trading during major news events if you dislike requotes: The seconds around ECB or Fed announcements are prime time for requotes. Consider waiting 5-10 minutes after the release.
• Fund your account with Skrill for fast deposits: Skrill allows instant funding, so you can add margin quickly if a requote leaves you with insufficient balance. USDT deposits may take longer to confirm.
• Set a maximum requote tolerance: Some platforms let you set a 'deviation' or 'slippage' limit. Italy traders can set this to 1-3 pips to avoid large requotes on USD pairs.
• Keep a trading journal for requote frequency: Track how often requotes happen with your broker. If it's excessive, consider switching to a broker with better execution, especially if you trade larger volumes.

Requotes are a normal part of forex trading, especially for Italy retail traders using instant execution brokers. By understanding how requotes work and their impact on your USD-denominated trades, you can make better decisions. Always choose a broker regulated by CONSOB, test execution on a demo account, and use payment methods like Bank Transfer or Skrill that offer fast and secure deposits. If requotes bother you, consider switching to a market execution broker. Next step: compare brokers on comparebroker.io to find one with transparent requote policies and low spreads for EUR/USD. Start your demo account today and practice handling requotes in a risk-free environment.