What is a Requote in Forex
What Exactly is a Requote?
A requote happens when you place a market order at a specific price, but the broker’s system cannot fill that order because the price has moved. Instead of executing the trade, the broker sends you a new quote — often with a wider spread. You must accept or reject it. This is common in volatile markets or with market maker brokers.
How Does a Requote Work in Practice?
Imagine you want to buy EUR/USD at 1.1000. You click ‘buy,’ but the market moves to 1.1005. The broker shows a requote pop-up: 'Buy EUR/USD at 1.1005?' You can accept the new price or cancel. For Tajikistan traders, requotes can eat into profits quickly, especially on small accounts funded via USDT or Skrill.
Why Do Requotes Matter for Tajikistan Traders?
Many retail brokers serving Tajikistan operate as market makers, which increases requote frequency. Also, local internet speeds and server latency can delay order transmission, making requotes more likely. Using Bank Transfer for deposits may also slow down account funding, affecting margin requirements and triggering requotes during news events.
Real Example with USD
Suppose you have a $500 account funded via Skrill. You trade USD/TJS (though most brokers offer USD pairs). You place a market order to sell USD/JPY at 110.00. The broker requotes you at 109.98, meaning you lose 2 pips before the trade even starts. Over 10 trades, that’s 20 pips lost — significant for a small account.