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

What Exactly is a Requote?

A requote is a message from your broker saying the price you requested is no longer available. Instead, they offer a new price — usually less favourable. For example, if you try to buy EUR/USD at 1.1050, but the market moves to 1.1052, the broker may requote you at 1.1052. This costs you 2 pips before your trade even opens.

How Requotes Work in Practice

When you place a market order, your broker tries to fill it at the current price. If the market moves before your order reaches the broker's server, they send a requote. Slovakia traders using slower internet or older trading platforms are more prone to requotes. Brokers with dealing desks (market makers) are also more likely to requote than ECN brokers.

Why Requotes Matter for Slovakia Traders

Slovakia's retail forex market is growing, but many traders use smaller account balances (€500-€2,000). A single requote of 3 pips on a 0.1 lot trade costs approximately $3 USD. Over 50 trades, that's $150 lost — a significant chunk of a small account. Requotes also cause slippage, which can trigger stop-losses prematurely. For Slovak traders trading USD pairs like EUR/USD or GBP/USD, requotes can turn a winning day into a losing one.

Real Example for Slovakia Traders

Imagine you deposit €1,000 via Bank Transfer and trade EUR/USD. You place a market order to buy at 1.1050. The broker requotes you at 1.1053. Your trade opens 3 pips higher. If the price only rises 5 pips, you net just 2 pips profit after the requote. Over a month, these small losses add up. Using limit orders instead of market orders can help you avoid requotes entirely.

For Slovakia traders, requotes are particularly relevant because many local brokers operate as market makers. The local financial authority in Slovakia requires brokers to disclose their execution model, but not all do clearly. When funding via Skrill or USDT, transaction delays can increase requote frequency. Bank transfers are slower but often result in fewer requotes because brokers process them during stable market hours. Slovakia's retail forex traders should always check if a broker offers 'instant execution' or 'market execution' — the latter is more prone to requotes. Using a broker regulated by the local financial authority ensures you have recourse if requotes become excessive. Always test a broker's requote rate with a small deposit before committing larger funds.

1. Check Your Broker's Execution Model
   Before depositing via Skrill or USDT, verify if your broker uses market execution or instant execution. Market execution often leads to requotes during volatility. Instant execution fills at the requested price or cancels — no requote.
2. Use Limit Orders Instead of Market Orders
   Place buy limit or sell limit orders to specify your exact entry price. This eliminates requotes because you set the price. Ideal for Slovakia traders who want precise entries.
3. Avoid Trading During Major News Events
   ECB announcements, US non-farm payrolls, and FOMC meetings cause high volatility. Requotes spike during these times. Trade during quieter sessions like the London-New York overlap for better execution.
4. Optimize Your Internet Connection
   Slovakia traders with fibre or 5G internet have faster order transmission. Use a wired connection or 5G mobile data when trading. Slow Wi-Fi increases requote risk.

For Slovakia traders, requotes are similar to 'price re-quotes' on cryptocurrency exchanges. Both happen when the market moves faster than the platform can process. However, forex requotes are more common with market-making brokers than with ECN brokers. In contrast, 'instant execution' brokers fill your order at the requested price or cancel it — no requote. This is better for Slovakia traders because you either get your price or nothing. Another comparison: requotes vs. negative slippage. Negative slippage fills your order at a worse price but still fills it. Requotes require your explicit acceptance, which can cause missed opportunities. For active traders, requotes are more disruptive because they interrupt your trading flow.

When you place a market order in forex, your broker routes it to a liquidity provider. If the price changes before the provider responds, the broker sends a requote with a new price. For Slovakia traders, this process is influenced by your internet speed, the broker's server location, and market volatility. For example, if you trade EUR/USD during the European session and the market moves 2 pips in 0.1 seconds, your broker may requote you. The requote appears as a pop-up window in MetaTrader 4 asking you to accept or reject the new price. Accepting means your trade opens at the new price, which is usually worse. Rejecting means you miss the trade entirely. Some brokers allow you to set automatic acceptance of requotes, but this is risky because you may pay more than expected.

Example 1: Peter from Bratislava deposits €500 via Skrill and trades USD/JPY. He places a market order to buy at 110.50. The broker requotes him at 110.53. His trade opens 3 pips higher. If the price rises to 110.55, he only makes 2 pips instead of 5. Over 100 trades, this costs him €150.

Example 2: Maria from Košice uses a regulated broker with ECN execution. She trades EUR/USD with a limit order at 1.1050. The market hits 1.1050, and her trade fills instantly with no requote. She saves 2-3 pips per trade compared to using market orders. Maria deposits via Bank Transfer and trades during the London session to minimize requotes.

The local financial authority in Slovakia oversees forex brokers operating in the country. Under MiFID II regulations, brokers must provide best execution, which includes minimizing requotes. However, requotes are not explicitly banned. The authority requires brokers to disclose their execution model and requote policy in their terms and conditions. If a broker consistently requotes without justification, Slovakia traders can file a complaint with the authority. For example, if a broker requotes 50% of your trades during normal market conditions, that may violate best execution rules. Always choose brokers regulated by the local financial authority or by CySEC, as they follow strict execution standards. Unregulated brokers from offshore jurisdictions have no requote limits and can reject your trades arbitrarily.

• Test with a Demo Account: Before depositing real money, open a demo account and place 50 market orders. Note how many get requoted. This reveals the broker's requote frequency.
• Use VPS for Automated Trading: If you use Expert Advisors (EAs), a VPS server in Frankfurt or London reduces requotes by 50% compared to a home PC in Bratislava.
• Trade During Liquid Hours: The best time for Slovakia traders is 9:00-17:00 CET (London session). Avoid early Asian session (01:00-04:00 CET) when liquidity is low and requotes are common.
• Check Requote Policy in Terms: Read the broker's 'Order Execution Policy' document. It must state how requotes are handled. If it's vague, choose another broker.
• Negotiate with Your Broker: If you deposit over €5,000 via Bank Transfer, ask your account manager for reduced requote rates. Some brokers offer better execution for larger accounts.

Requotes are a hidden cost that can erode your profits as a Slovakia forex trader. By understanding what they are, how they happen, and how to avoid them, you can protect your trading capital. Start by checking your broker's execution model, using limit orders, and trading during liquid hours. Deposit via Bank Transfer or USDT for more stable execution. If you experience frequent requotes, switch to an ECN broker. For more tips on choosing the right broker for Slovakia traders, visit comparebroker.io and read our broker reviews. Your next step: open a demo account and test requote rates before trading real money.