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

What is a Requote in Forex?

A requote occurs when you place a market order at a specific price, but the broker cannot fill it because the market has moved. Instead of executing at your requested price, the broker sends a new quote—usually with a wider spread. This is common in volatile markets or with brokers that have low liquidity.

Why Requotes Matter for Tunisia Traders

For Tunisia traders dealing in USD pairs, requotes can eat into profits. If you trade EUR/USD with a 1.1200 entry, a requote might offer 1.1205, costing you 5 pips. Over multiple trades, this adds up. Local brokers processing payments via Bank Transfer may have slower execution, increasing requote risk.

How Requotes Work in Practice

When you click 'buy' at 1.1200, the broker checks if that price is available. If it's not, you receive a requote popup asking if you accept the new price (e.g., 1.1203). You can accept, reject, or adjust your order. In fast markets, requotes can happen repeatedly.

Tunisia traders face unique challenges with requotes due to limited broker options and payment methods. Bank Transfer deposits often take 1-3 days, meaning you might miss fast-moving opportunities. Skrill and USDT offer faster funding but not all brokers accept them from Tunisia. The local financial authority does not have specific rules on requotes, so it's crucial to choose a broker with clear execution policies. Many Tunisia traders prefer ECN accounts for lower requote frequency, but these require higher minimum deposits. Always test a broker's execution speed with a small deposit before committing larger funds via USDT or Skrill.

1. Choose a Fast Execution Broker
   Select a broker that offers ECN or STP execution. Avoid market makers if requotes are a concern. Check if they accept Skrill or USDT for faster deposits.
2. Use Limit Orders Instead of Market Orders
   Limit orders specify your desired price, reducing requote chances. For USD pairs, set limit orders during liquid hours.
3. Avoid Trading During News Releases
   Major economic data from the US or EU can cause volatility. Tunisia traders should avoid trading these times to minimize requotes.
4. Test with a Demo Account
   Before depositing via Bank Transfer, test the broker's execution speed with a demo account. Simulate USD trades to see requote frequency.

Requotes vs. Rejection: A requote offers a new price, while a rejection cancels your order entirely. For Tunisia traders, requotes are preferable because you still have a chance to trade. However, frequent requotes may indicate a broker with poor execution. Compare with 'instant execution' brokers that often requote, versus 'market execution' brokers that may slip. ECN accounts typically have fewer requotes but higher commissions. Choose based on your trading style and deposit method (Skrill, USDT, or Bank Transfer).

When you place a market order in forex, the broker attempts to fill it at the current price. If the market moves before the order is processed, the broker cannot execute at your requested price. Instead, they send a requote—a new price that reflects current market conditions. For Tunisia traders using USD pairs, this often happens during volatile periods like US non-farm payroll releases. The requote process involves: 1) You send an order, 2) Broker checks liquidity, 3) If price changed, requote appears, 4) You accept or reject. Local brokers with low liquidity may requote more frequently.

Example 1: Ahmed in Tunis wants to buy 1 lot of EUR/USD at 1.1200. He clicks 'buy' but the broker sends a requote at 1.1203 because the market moved. He accepts and pays 3 pips extra. Over 100 trades, this costs 300 pips.

Example 2: Fatima uses Skrill to deposit $500 into an ECN account. She places a limit order at 1.1150 for GBP/USD. Because it's a limit order, no requote occurs. The trade executes at exactly 1.1150.

Example 3: A Tunisia trader using Bank Transfer deposits $1,000. During a news release, he tries to sell USD/JPY at 110.00. The broker requotes at 110.05. He rejects and waits, missing the move. This highlights the importance of fast funding and execution.

The local financial authority in Tunisia does not have specific regulations on requotes. However, they oversee broker licensing and client fund segregation. Tunisia traders should only use brokers regulated by reputable bodies like the FCA, CySEC, or ASIC, as these require fair execution practices. If a broker is only regulated locally, ask about their requote policy in writing. The Central Bank of Tunisia may have guidelines on forex trading, but requotes are not explicitly addressed. Always prioritize brokers with transparent execution models.

• Use a VPS: A Virtual Private Server reduces latency, lowering requote chances. Tunisia traders can rent VPS from local providers for $10-20/month.
• Trade Liquid Pairs: Stick to major USD pairs like EUR/USD, GBP/USD. Exotic pairs have higher requote risk.
• Monitor Spreads: Wider spreads often lead to requotes. Compare broker spreads for USD pairs before depositing via Skrill.
• Set Slippage Tolerance: Some platforms allow you to set maximum slippage. Use this to auto-accept requotes within your limit.
• Keep a Trade Journal: Log requote occurrences to identify patterns with your broker and time of day.

Requotes are a common part of retail forex trading, especially for Tunisia traders using USD pairs. By choosing a fast execution broker, using limit orders, and depositing via Skrill or USDT for speed, you can minimize their impact. Always test with a demo account and check your broker's regulatory status. For more guidance, explore our broker comparisons tailored to Tunisia traders. Start trading smarter today.