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

What Exactly is a Requote?

How Does a Requote Work?

Why Does it Matter for New Zealand Traders?

For New Zealand traders, requotes are a practical concern when trading USD pairs. Many Kiwi retail traders use Bank Transfer or Skrill to fund accounts, which can take 1-3 business days to clear. If you enter a trade while funds are pending, requotes may occur if your margin is insufficient. USDT deposits offer instant settlement, reducing this risk. The local financial authority requires brokers to disclose execution policies, including requote handling. Always check if your broker offers ‘instant execution’ or ‘market execution’—the former is more prone to requotes. CompareBroker.io recommends testing a broker’s requote frequency with a demo account before depositing real funds.

1. Check Broker Execution Type
   Look for brokers that offer ECN/STP execution to minimise requotes. Many New Zealand brokers advertise this, but verify on their website or via CompareBroker.io.
2. Use Limit Orders Instead of Market Orders
   Limit orders let you specify a price, avoiding requotes. This is especially useful for NZD/USD trades during volatile news events.
3. Trade During High Liquidity Sessions
   The London-New York overlap (9 PM to 6 AM NZST) offers the best liquidity. Avoid trading during the Asian session (6 AM to 4 PM NZST) when requotes are more common.
4. Monitor Your Internet Speed
   Use a VPS or wired connection to reduce latency. Slow internet can increase requote frequency, especially when trading USD pairs from New Zealand.

Requotes are often confused with slippage. For New Zealand traders, the key difference is control: requotes give you a choice to accept or decline, while slippage happens automatically. Requotes are more common with market maker brokers, which are popular among Kiwi retail traders. Slippage is typical with ECN brokers. If you value execution speed, choose an ECN broker. If you prefer price certainty, use limit orders to avoid requotes altogether. CompareBroker.io can help you decide based on your trading style.

When you place a market order on a USD pair like NZD/USD, your broker sends the order to a liquidity provider. If the price moves before the order is filled, the broker rejects it and sends a requote. For New Zealand traders, this often happens during the Asian session when liquidity is low. For example, if you try to sell NZD/USD at 0.6200 but the market drops to 0.6195, the broker may offer 0.6195. You can accept or decline. The process is automated but can be frustrating. Using limit orders avoids this because you specify the exact price.

Example 1: You trade NZD/USD with a $1,000 account funded via Bank Transfer. You place a buy order at 0.6200. The market jumps to 0.6203. The broker requotes at 0.6203. You accept, entering at a worse price. Your potential profit drops by 3 pips. Example 2: You use USDT to fund $500 and set a limit order to buy NZD/USD at 0.6200. The market reaches 0.6200, and your order fills without a requote. This shows how deposit method and order type affect execution.

The local financial authority in New Zealand regulates forex brokers to ensure fair execution practices. Brokers must disclose their order execution policy, including how requotes are handled. For New Zealand traders, this means you can file a complaint if a broker uses requotes unfairly. The authority also requires brokers to maintain sufficient liquidity to minimise requotes. Always check that your broker is registered with the local financial authority on CompareBroker.io. Regulation protects you from unscrupulous brokers that might use requotes to manipulate prices. If you experience excessive requotes, report it to the authority.

• Use a VPS: A virtual private server near the broker's data centre can reduce requotes by lowering latency. Many New Zealand traders use VPS providers in Sydney or Singapore.
• Check News Calendars: Avoid trading during major NZD/USD news like the RBNZ rate decision. Requotes spike during these times.
• Test with Small Lots: Start with micro lots to see how your broker handles requotes. This is especially important if you deposit via Skrill or Bank Transfer.
• Compare Brokers: Use CompareBroker.io to find brokers with low requote rates. Look for reviews from other New Zealand traders.
• Set Slippage Tolerance: Some platforms let you set a maximum slippage. This can prevent requotes by allowing partial fills at nearby prices.

Requotes are a reality for New Zealand forex traders, but they can be managed. By choosing the right broker, using limit orders, and trading during liquid sessions, you can reduce their impact. Always verify broker regulation with the local financial authority and test execution on a demo account. For more tips, visit CompareBroker.io to compare brokers and find the best fit for your trading style. Start with a small deposit via USDT to minimise requote risks and scale up as you gain confidence.