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

What Exactly is a Requote?

A requote happens when you place a market order at a specific price, but the broker's price has moved before your order can be filled. Instead of executing at the new price automatically (slippage), the broker asks you if you want to accept the new price. This is common in fast-moving markets or when liquidity is low. For Singapore traders, requotes can occur during the Asian session when liquidity from European and US markets is lower, or during major news releases like the Singapore GDP or US Federal Reserve decisions.

How Requotes Work in Practice

Imagine you want to buy USD/SGD at 1.3500. You click 'buy', but by the time your order reaches the broker, the price has moved to 1.3502. The broker sends a requote offering you 1.3502. You can accept or reject. If you accept, your trade opens at 1.3502. If you reject, the order is cancelled. This is different from slippage, where the broker automatically fills you at the new price without asking. Requotes are more common with market makers or 'dealing desk' brokers, while ECN/STP brokers typically use slippage.

Why Requotes Matter for Singapore Traders

Singapore is a global forex hub with many retail and institutional traders. Requotes can affect your trading strategy, especially if you use scalping or high-frequency trading. For example, a requote of 2 pips on a USD/SGD trade might cost you SGD 20 per standard lot. Over many trades, this adds up. MAS-regulated brokers must disclose their order execution policy, including how they handle requotes. Always check if your broker offers 'instant execution' (requotes possible) or 'market execution' (slippage possible).

Requotes and SGD Pairs

When trading SGD pairs like USD/SGD or SGD/JPY, requotes can be more frequent during Singapore public holidays (e.g., Chinese New Year) when liquidity drops. Also, during the MAS monetary policy announcements, volatility spikes, leading to more requotes. To minimize requotes, trade during high-liquidity periods (London/NY overlap) and use limit orders instead of market orders.

For Singapore traders, requotes are part of the trading experience in a sophisticated financial hub. MAS regulation requires brokers to act in the client's best interest, but requotes are a market reality. Many Singapore-based brokers offer local payment methods like PayNow, bank transfer, and credit card for fast deposits, which can help you enter trades quickly during volatile periods. However, payment speed does not affect requotes directly — execution quality depends on the broker's liquidity providers and order handling. MAS also mandates that brokers provide clear trade confirmation, including requote details, so you can track execution quality. If you experience frequent requotes, consider switching to an ECN broker that offers direct market access with fewer requotes. Always verify the broker's MAS license on the MAS Financial Institutions Directory before trading.

1. Choose the Right Broker
   Select a MAS-regulated broker that offers ECN/STP execution to minimize requotes. Check their order execution policy on their website.
2. Trade During High Liquidity
   Trade USD/SGD and other pairs during the London/NY overlap (8pm to 5am Singapore time) for better liquidity and fewer requotes.
3. Use Limit Orders
   Instead of market orders, use limit orders to specify your desired price. This reduces the chance of requotes because the order only fills at your price or better.
4. Monitor News Events
   Avoid trading during major economic releases (US NFP, MAS policy, Singapore CPI) as requotes spike. Use a news calendar and set alerts.

Requotes vs. Slippage: Requotes require your acceptance before execution, while slippage executes automatically. For Singapore traders, requotes can be annoying during fast markets, but they give you control. Slippage is faster but can be negative (worse price) or positive (better price). MAS-regulated brokers must disclose both in their execution policy. If you trade frequently, you may prefer slippage for speed. If you want to avoid unexpected fills, requotes may be better. Compare brokers on comparebroker.io to see which execution model they use.

When you place a market order in forex, your broker attempts to fill it at the price you see on your screen. However, if the market moves before your order is executed, the broker's price may change. Instead of automatically executing at the new price, some brokers send a requote: a pop-up asking if you accept the new price. For example, if you try to buy USD/SGD at 1.3500, but the price has moved to 1.3502, the broker offers you 1.3502. You can accept or reject. This process is more common with market maker brokers that act as counterparty to your trade. ECN/STP brokers typically use slippage instead. In Singapore, requotes can happen during low liquidity periods, such as after the Asian session closes or during public holidays.

Example 1: USD/SGD Requote
You want to buy 1 lot of USD/SGD at 1.3500. The current ask price is 1.3500. You click 'buy'. By the time your order reaches the broker, the ask price has moved to 1.3502. The broker sends a requote: 'Price changed to 1.3502. Accept or reject?' If you accept, your trade opens at 1.3502, costing you an extra SGD 20 per lot (2 pips x SGD 10 per pip for 1 lot). If you reject, the order is cancelled.

Example 2: EUR/USD Requote During News
During the US Non-Farm Payrolls release, volatility spikes. You try to sell EUR/USD at 1.1000. The broker requotes you at 1.0998. You accept, and your trade opens 2 pips better. This is a positive requote. For Singapore traders, requotes can be positive or negative, but they always introduce uncertainty.

MAS (Monetary Authority of Singapore) regulates all forex brokers operating in Singapore. Under MAS guidelines, brokers must provide 'best execution' and transparent order handling. Requotes are not prohibited, but brokers must disclose their requote policy in the client agreement. MAS also requires brokers to segregate client funds and provide regular reports. For Singapore traders, this means you have recourse if a broker abuses requotes (e.g., excessive requotes to delay orders). Always check the MAS Financial Institutions Directory to verify a broker's license. If you have a complaint, you can file it with MAS or the Financial Industry Disputes Resolution Centre (FIDReC).

• Check Broker Type: Use an ECN/STP broker to reduce requotes. Market makers requote more often.
• Avoid News Trading: During high-impact news (e.g., US NFP, MAS rate decision), requotes are common. Wait for volatility to settle.
• Use a VPS: A Virtual Private Server (VPS) near Singapore reduces latency, helping your orders reach the broker faster and reducing requotes.
• Trade Liquid Pairs: Stick to major pairs like EUR/USD, USD/JPY, and USD/SGD. Exotic pairs have more requotes.
• Set Slippage Tolerance: In your trading platform, set a slippage tolerance to avoid requotes. If price moves within tolerance, order executes automatically.

Requotes are a normal part of forex trading, especially for Singapore traders dealing with volatile markets or less liquid SGD pairs. By understanding what causes requotes and how to minimize them, you can improve your trading experience. Choose a MAS-regulated ECN/STP broker, trade during high-liquidity sessions, and use limit orders to reduce requotes. For more guidance, compare brokers on comparebroker.io to find one that offers transparent execution and low requote rates. Start trading smarter today.