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

What Exactly Is a Requote?

A requote happens when you place a market order, but the price moves before your broker can execute it. Instead of filling your order at the original price, the broker sends a new quote. You must accept or reject it. For Romania traders, this is frustrating because it can eat into profits or increase losses.

How Requotes Work in Practice

Imagine you want to buy EUR/USD at 1.1000. You click 'buy,' but the market moves to 1.1002. The broker shows a requote: 'Buy at 1.1002?' If you accept, you pay 2 pips more. For a standard lot, that's $20 extra cost. Romania traders often face this with smaller brokers that have less liquidity.

Why Requotes Matter for Romania Traders

Using USD as your base currency, requotes directly affect your account balance. If you trade frequently, requotes can add up. They also signal poor broker execution. Romania traders should look for brokers with 'no requote' policies, such as ECN or STP brokers, which route orders directly to the market.

Requotes vs. Slippage

Slippage is automatic, while requotes require your approval. For Romania traders, requotes can be more dangerous because they delay execution, potentially missing the market move entirely. Slippage at least fills your order quickly.

For Romania traders, requotes are especially relevant because many retail traders use local brokers that operate as market makers. These brokers often requote during news events or low liquidity. To avoid this, consider using international ECN brokers that accept Romanian clients via Bank Transfer, Skrill, or USDT deposits. The local financial authority does not ban requotes but requires brokers to disclose their execution model. Always verify a broker's order execution policy before depositing funds. Using USDT can also bypass some broker restrictions, but it does not prevent requotes. The best strategy is to trade with brokers that offer direct market access.

1. Check Broker Execution Type
   Before opening an account, ask your broker if they use market maker or ECN/STP execution. ECN brokers rarely requote.
2. Use Limit Orders
   Instead of market orders, use limit orders to specify your exact entry price. This avoids requotes entirely.
3. Avoid News Trading
   Major economic news from Romania or the US can cause requotes. Trade during quieter sessions to reduce risk.
4. Test with a Demo Account
   Open a demo account with a broker you consider. Place market orders during volatile times to see if requotes occur.

Requotes are similar to 'partial fills' but worse. A partial fill means you get part of your order at the original price and the rest at a new price. A requote means you get nothing unless you accept the new price. For Romania traders, requotes can be more damaging because they force you to decide quickly, often under pressure. Slippage, on the other hand, fills your order automatically, which can be better in fast markets.

When you place a market order in forex, your broker tries to fill it at the current price. If the market moves before execution, the broker sends a requote with a new price. For Romania traders using USD accounts, this means you pay more or receive less than expected. Requotes are common with market maker brokers that take the other side of your trade. They can also happen if your internet connection is slow or if the broker's system is delayed.

Example: A Romania trader wants to sell USD/RON at 4.2000. They click 'sell,' but the price drops to 4.1995. The broker requotes at 4.1995. If they accept, they lose 5 pips. On a mini lot (10,000 units), that's $1.25. Over 100 trades, that's $125 lost to requotes. Another example: During a US employment report, a trader tries to buy EUR/USD at 1.1200 but gets a requote at 1.1205, costing $50 on a standard lot.

Romania's financial authority oversees forex brokers operating in the country. While requotes are not illegal, brokers must clearly state their execution model. Regulated brokers are required to act in your best interest, but requotes are still allowed if disclosed. Always check if a broker is regulated by the local financial authority or a reputable EU regulator. Unregulated brokers often use requotes to delay or deny profitable trades.

• Trade during high liquidity: The London-New York overlap offers the best liquidity, reducing requotes for Romania traders.
• Use a VPS: A Virtual Private Server can reduce latency, lowering the chance of requotes.
• Choose a broker with deep liquidity: Brokers connected to multiple liquidity providers are less likely to requote.
• Monitor your internet connection: A stable connection from Romania is crucial. Unstable internet can cause delays and requotes.
• Consider USDT deposits: USDT deposits are fast and cost-effective, but they won't prevent requotes. Focus on broker quality instead.

Requotes are a common challenge for Romania traders, but they can be managed. By choosing the right broker, using limit orders, and trading during liquid hours, you can minimize their impact. Always test a broker's execution with a demo account before depositing real USD. For the best experience, consider ECN brokers that accept Bank Transfer, Skrill, or USDT. Stay informed and trade smart.