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

What Exactly is a Requote?

A requote happens when you place a market or pending order, but the broker's price has moved before execution. Instead of automatically filling your order at the new price (slippage), the broker asks you to confirm the new price. This is common with brokers using 'instant execution' rather than 'market execution'. For Ukraine traders, requotes often occur during high-impact news events like NFP releases or when the Ukrainian hryvnia experiences volatility.

How Requotes Affect Your Trading in USD

When trading forex in USD, a requote can mean the difference between a profitable and a losing trade. For example, if you try to buy EUR/USD at 1.1200, but the broker requotes you at 1.1203, you pay 3 pips more. Over many trades, these extra costs add up. Ukraine traders using small accounts (e.g., $100–$500) are especially sensitive to requotes because they reduce potential profits.

Why Requotes Happen

Requotes are caused by low liquidity, high volatility, or slow internet connection. For Ukraine traders, local internet infrastructure can sometimes cause delays, leading to requotes. Also, brokers with fewer liquidity providers may requote more often. Choosing a broker with multiple liquidity providers and low latency servers is crucial.

Requotes vs. Slippage

Requotes are different from slippage. With slippage, your order is executed at the next available price automatically. With a requote, you must manually accept or reject the new price. For Ukraine traders, slippage is often preferred because it ensures faster execution, especially during fast-moving markets.

For Ukraine traders, requotes are a practical concern when using local payment methods. Bank Transfer deposits can take 1–3 business days, meaning you might miss favorable prices. Skrill and USDT are faster, but still, requotes can occur if your broker's execution is slow. The local financial authority in Ukraine requires brokers to disclose their execution model. If you experience frequent requotes, check if your broker uses 'instant execution' and consider switching to an STP/ECN broker. Many Ukraine traders prefer brokers that accept USDT because of faster deposits, but execution quality matters more. Always test a broker's execution speed with a demo account before depositing real funds.

1. Choose the Right Broker
   Select a broker that offers market execution or ECN/STP models. Avoid brokers that only offer instant execution, as they are more likely to requote. Check if the broker accepts Bank Transfer, Skrill, or USDT from Ukraine.
2. Test Execution with a Demo Account
   Open a demo account and place multiple trades during different market conditions. Note how often requotes occur. This step is critical for Ukraine traders because local internet speeds vary.
3. Trade During High Liquidity Sessions
   Trade during the London-New York overlap (3 PM–7 PM Kyiv time) when liquidity is highest. This reduces the chance of requotes. Avoid trading during major news releases like the NFP or ECB announcements.
4. Use a VPS for Automated Trading
   If you use Expert Advisors (EAs), host them on a Virtual Private Server (VPS) near your broker's servers. This minimizes latency and reduces requotes. Many brokers offer free VPS for accounts over $500.

Requotes vs. slippage: Requotes give you a choice but can cause delays. Slippage executes automatically but may be negative. For Ukraine traders, slippage is generally preferred in fast markets because it ensures your order is filled. However, requotes can protect you from extreme slippage during news events. Many Ukraine traders use a combination: limit orders to avoid requotes and market orders with slippage protection for quick entries.

When you place a trade in forex, your order is sent to the broker's server. With instant execution, the broker checks if your requested price is still available. If not, the broker sends back a requote with a new price. You then have a few seconds to accept or reject. For Ukraine traders, this process can be affected by internet latency. For example, if your ping to the broker's server is 100ms, the price may change before your order reaches the server. Using a VPS located near the broker's data center can reduce this delay.

Example 1: You want to buy 0.1 lot of USD/JPY at 110.50. Your broker sends a requote offering 110.52. You accept, paying 2 pips more. Over 100 trades, that's 200 pips in extra costs. Example 2: During the Ukrainian hryvnia volatility, you try to sell EUR/UAH at 30.50. The broker requotes at 30.45. You reject, and the price moves to 30.40. You lost the opportunity. These examples show why Ukraine traders should use limit orders or choose brokers with fewer requotes.

The local financial authority in Ukraine oversees forex brokers operating in the country. While there is no specific ban on requotes, brokers must disclose their execution model in their terms and conditions. Traders should ensure their broker is licensed by the local financial authority or a recognized international regulator. If a broker uses requotes as a way to delay execution unfairly, Ukraine traders can file a complaint with the regulator. Always check the broker's regulatory status on the regulator's official website before depositing funds via Bank Transfer, Skrill, or USDT.

• Use Limit Orders: Instead of market orders, use limit orders to control the price you enter. This avoids requotes entirely because you specify the exact price.
• Check Broker Policies: Read the broker's execution policy. Some brokers promise 'no requotes' as a marketing claim. Verify with a demo account.
• Monitor News Calendars: Avoid trading 30 minutes before and after major economic releases. Use an economic calendar set to Kyiv time.
• Optimize Your Internet: Use a wired connection with at least 10 Mbps speed. Ping your broker's server to check latency (aim for under 50ms).
• Start Small: When testing a new broker, deposit only $100–$200 via Skrill or USDT. Trade small lots to see how often requotes occur before scaling up.

Requotes are a common but manageable part of forex trading for Ukraine traders. By choosing the right broker, using market execution, trading during liquid hours, and optimizing your internet connection, you can significantly reduce requotes. Remember to test any broker with a demo account first, especially if you plan to use Bank Transfer, Skrill, or USDT. Start with small deposits and gradually increase your trading size as you gain confidence. For more educational content tailored to Ukraine traders, explore our other guides on forex trading strategies and broker comparisons.