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

What Exactly is a Requote?

A requote happens when you place a market order, but the broker’s price has moved before your order is executed. Instead of filling your order at the original price, the broker sends a new quote, asking if you accept the updated price. This is common in volatile markets or with brokers using dealing desk execution models. For Thailand traders, requotes can be frustrating because they delay entry and may reduce potential profits, especially when trading USD/THB or gold futures.

How Requotes Work in Practice

Imagine you see EUR/USD at 1.1000 and click ‘Buy’. The broker’s system checks the current market price. If it has moved to 1.1002, the broker sends a requote: 'Price is now 1.1002. Accept?'. You must manually accept or reject. This process takes seconds, during which the price may move again. In fast markets, requotes can lead to missed opportunities. Thailand traders using high leverage should be especially cautious, as requotes can amplify losses during news events like the Bank of Thailand interest rate decisions.

Why Requotes Matter for Thailand Traders

Thailand traders often trade during Asian sessions when liquidity is lower, increasing requote likelihood. Additionally, many local brokers offer fixed spreads but may requote more frequently. If you deposit via PromptPay or Bank Transfer, you might be limited to certain brokers—some of which have poor execution policies. Understanding requotes helps you evaluate broker quality and choose those with 'instant execution' or 'no requote' policies, which are safer for experienced traders.

Thailand traders using PromptPay for deposits should know that requotes are not related to payment methods but to broker execution infrastructure. However, because PromptPay is popular for small deposits, traders may open accounts with less-regulated brokers that have higher requote rates. Bank Transfer and Skrill deposits are often used by more experienced traders who prioritize broker reputation over convenience. SEC Thailand does not mandate specific requote policies, but it requires brokers to disclose their execution model. Thailand traders should always check if a broker is regulated by SEC Thailand or a top-tier authority like FCA or ASIC, as these regulators enforce fair execution standards. Experienced traders in Thailand often avoid brokers with high requote frequency by using ECN accounts, which offer direct market access and fewer requotes, though with variable spreads.

1. Step 1: Identify Your Broker’s Execution Model
   Check if your broker offers instant execution or market execution. Thailand traders should read the terms on the broker’s website, especially if they funded via PromptPay. Instant execution typically has fewer requotes.
2. Step 2: Monitor Market Conditions
   Avoid trading during high-impact news events like the Bank of Thailand policy announcements or US NFP. Use an economic calendar tailored for Thailand time zone (ICT) to plan trades.
3. Step 3: Use Limit Orders Instead of Market Orders
   Limit orders allow you to specify a price, reducing requote risk. Thailand traders trading USD/THB should use limit orders to avoid slippage during illiquid Asian hours.
4. Step 4: Test with a Demo Account
   Before depositing real THB via PromptPay, test the broker’s execution speed on a demo account. Simulate your trading strategy to see how often requotes occur.

Requotes vs. Slippage: Requotes require your manual acceptance; slippage executes automatically at a different price. For Thailand traders, slippage is more common with market orders during news events, while requotes are typical with market maker brokers. Requotes vs. Partial Fills: Partial fills happen when there isn’t enough liquidity to fill your entire order. This is common with large THB orders in USD/THB. Requotes are more about price changes, not volume. Requotes vs. Re-quotes: Some brokers use 're-quote' interchangeably, but it’s the same concept. Experienced Thailand traders prefer slippage over requotes because it’s faster, even if the price is slightly worse.

A requote works through a simple but frustrating process. You place a market order at a specific price. The broker’s system checks the live market price. If the price has changed, the broker sends a new quote to your trading platform. You must manually click 'Accept' or 'Reject'. If you accept, the order is executed at the new price. If you reject, the order is cancelled. For Thailand traders, this delay can be costly. For example, if you want to buy USD/THB at 35.50 but the requote comes at 35.52, you lose 0.02 THB per unit. On a standard lot (100,000 units), that’s 2,000 THB lost before the trade even starts. Experienced traders avoid this by using limit orders or trading with brokers that offer 'instant execution' where the system automatically accepts small price changes.

Example 1: Thailand Trader Using PromptPay
Somchai deposits 50,000 THB via PromptPay and opens a USD/THB trade. He sees the ask price at 35.50 and clicks 'Buy 1 lot'. The broker requotes at 35.52. Somchai accepts. The price then moves to 35.60, so he gains 0.08 THB per unit (8,000 THB). But if he had gotten the original price, his profit would be 0.10 THB (10,000 THB). The requote cost him 2,000 THB.

Example 2: Experienced Trader Using Skrill
Anong deposits 200,000 THB via Skrill and trades EUR/USD. She uses a limit order to avoid requotes. Her order executes at 1.1000 without requote. She profits 50 pips, gaining 500 USD (about 17,500 THB). By avoiding requotes, she saves potential losses from price changes.

SEC Thailand regulates forex brokers operating within the country, but it does not specifically address requotes. However, SEC Thailand requires brokers to provide fair and transparent execution. If a broker consistently gives requotes that disadvantage clients, it may be investigated. Thailand traders should only use brokers that are licensed by SEC Thailand or recognized international regulators like FCA, ASIC, or CySEC. These regulators enforce rules on best execution, which indirectly limit requote abuse. Always check the broker’s regulatory status on the SEC Thailand website before depositing via PromptPay or Bank Transfer. Remember, unregulated brokers may not follow any execution standards.

• Tip 1: Use ECN Accounts: ECN accounts route orders directly to liquidity providers, reducing requote chances. Thailand traders with large THB deposits should prefer these.
• Tip 2: Trade Liquid Pairs: USD/THB is less liquid than EUR/USD, so requotes are more common. Stick to major pairs during peak hours.
• Tip 3: Check Broker Reviews: Look for Thailand-specific reviews on forums like Pantip to see which brokers have high requote rates.
• Tip 4: Set Slippage Tolerance: Some platforms allow you to set maximum slippage. Use this to avoid requotes by accepting small price changes automatically.
• Tip 5: Use VPS for Speed: A Virtual Private Server (VPS) can reduce latency. Thailand traders using PromptPay deposits should consider VPS for faster execution.

Requotes are a common part of forex trading, but they can be managed with the right knowledge and tools. Thailand traders using PromptPay, Bank Transfer, or Skrill should prioritize brokers with fast execution and transparent policies. By choosing ECN accounts, trading during liquid hours, and using limit orders, you can minimize requotes and protect your THB profits. Always verify broker regulation with SEC Thailand and test execution on demo accounts. Ready to trade smarter? Compare regulated brokers on CompareBroker.io today and find the best fit for your Thailand trading style.