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

What Exactly is a Requote?

A requote happens when you place a market or pending order, but the price has moved before the broker can execute it. Instead of filling your order at the original price, the broker sends a message: 'Price changed. Do you accept the new price?' You can accept or reject it. Requotes are common in volatile markets or when liquidity is low.

How Requotes Work in Practice

Imagine you want to buy USD/TRY at 18.5000. You click 'Buy', but by the time the order reaches the broker, the price is 18.5020. The broker shows a pop-up: 'Requote: Buy USD/TRY at 18.5020?' If you accept, your order opens at the higher price. If you reject, nothing happens. Requotes are not slippage—they are a request for approval.

Why Requotes Matter for Turkey Traders

Turkey traders frequently trade USD/TRY and EUR/TRY due to TRY inflation. These pairs are highly volatile, especially around Central Bank rate announcements or inflation data. Requotes can cost you pips if you accept them, or cause missed trades if you reject them. Using a broker with 'market execution' can reduce requotes but may increase slippage.

Turkey traders face unique challenges with requotes because of the country's economic environment. High TRY inflation drives many traders to seek USD and USDT as safe havens, increasing demand for USD/TRY and crypto-fiat pairs. However, these pairs have lower liquidity compared to majors like EUR/USD, making requotes more frequent. Local payment methods like Bank Transfer and Papara are slower for funding, so traders using USDT can deposit instantly and avoid missing price levels. SPK/CMB regulates forex brokers in Turkey, requiring them to disclose execution policies. Turkey traders should always check if their broker offers 'instant execution' or 'market execution' and understand how requotes are handled. Using a local broker with TRY accounts may also reduce requotes because they can hedge internally.

1. Choose the Right Execution Type
   Select a broker offering 'market execution' instead of 'instant execution' to reduce requotes. Market execution fills orders at the next available price, which may cause slippage but avoids requote pop-ups.
2. Trade During High Liquidity Hours
   Trade USD/TRY during London-New York overlap (15:00-18:00 TRY time) when liquidity is highest. Avoid trading during Turkish economic data releases like inflation or interest rate decisions.
3. Use Limit Orders Instead of Market Orders
   Place limit orders at your desired price. If the market reaches your level, the order executes without requote. This helps Turkey traders avoid paying extra pips on volatile pairs.
4. Fund Your Account with USDT for Speed
   Use USDT deposits to fund your account instantly via Binance or other exchanges. This ensures you can act quickly on trade setups without waiting for Bank Transfer or Papara delays.

Requote vs. Instant Execution vs. Market Execution: Instant execution brokers ask for requotes when price changes. Market execution brokers fill at the next price (slippage). For Turkey traders, instant execution is safer for low-volatility pairs like USD/CHF, while market execution is better for volatile USD/TRY. Requotes give you a choice; slippage does not. Choose instant execution if you want control, but be prepared for requotes. Choose market execution for speed, but accept possible slippage. Most SPK-regulated brokers offer both options.

When you place a market order in forex, your broker sends it to a liquidity provider. If the price changes before the provider responds, the broker returns a requote. For Turkey traders, this happens often on USD/TRY because the pair is less liquid than EUR/USD. For example, if you try to sell USD/TRY at 18.7500, but the price moves to 18.7520, the broker offers the new price. You then decide to accept or cancel. Requotes are more common with 'instant execution' brokers. 'Market execution' brokers skip the requote and fill at the next available price, which may cause slippage instead.

Example 1: Ahmet in Istanbul wants to buy USD/TRY at 18.5000 with 10,000 TRY. He clicks 'Buy', but the broker shows a requote: 'Buy USD/TRY at 18.5020?' He accepts, so his order opens at 18.5020. He loses 2 pips compared to his intended price. Over 100 trades, this adds up. Example 2: Ayşe trades EUR/TRY and uses a market execution broker. She tries to sell at 20.1000, but the price moves to 20.1020. The broker fills her at 20.1020 without asking (slippage). She loses 2 pips but avoids requote delays. In both cases, understanding execution type helps manage costs.

The Capital Markets Board of Turkey (SPK/CMB) regulates forex brokers operating in Turkey. Brokers must have a minimum capital of 10 million TRY and provide transparent order execution policies. While CMB does not specifically ban requotes, it requires brokers to disclose how they handle price changes. Turkey traders should only use brokers listed on the CMB's authorized institutions list. If a broker uses requotes unfairly, you can file a complaint with the CMB. Always read the 'Risk Disclosure' and 'Order Execution Policy' documents before trading. CMB also limits leverage to 1:10 for forex, which can reduce requote frequency because smaller positions are easier to fill.

• Use a Demo Account First: Test your broker's execution speed and requote frequency on a demo account before depositing real TRY or USDT. This helps you choose the best broker for your strategy.
• Set Slippage Tolerance: In your trading platform settings, enable 'allow slippage' to avoid requotes. Set a maximum slippage of 1-2 pips for volatile pairs like USD/TRY.
• Monitor Economic Calendar: Avoid trading during Turkish CPI, GDP, or interest rate announcements. Requotes spike during these events. Use an economic calendar set to Turkey time.
• Compare Brokers: Use CompareBroker.io to compare requote policies of SPK-regulated brokers. Look for brokers with 'no requote' guarantees or ECN execution.
• Use VPS for Automated Trading: If you use EAs or robots, host them on a VPS server close to your broker's data center. This reduces latency and requotes.

Requotes are a normal part of forex trading, but they can be costly for Turkey traders dealing with volatile TRY pairs. By choosing the right broker execution type, trading during liquid hours, and using fast payment methods like USDT, you can minimize requotes. Always verify your broker's SPK/CMB license and read their execution policy. Use CompareBroker.io to find the best broker for your needs. Start with a demo account to test execution, then deposit with USDT for instant funding. Remember: requotes are not a scam, but they can be a red flag if excessive. Stay informed and trade smart.