What Is Requoting in Forex? Why It Happens and How to Manage It
BY TIOmarkets
|March 24, 2026A requote occurs when a broker is unable to fill your order at the price you requested and presents you with a new, revised price instead. Rather than executing the trade immediately, the broker pauses the order and offers a different price, giving you the choice to accept or decline.
Requotes were a common feature of forex trading in earlier years and remain relevant today in certain execution environments. Understanding why they happen, when they are most likely to occur, and what the alternatives look like helps you make more informed decisions about broker selection and order management.
What Is a Requote?
When you submit a market order, you expect it to be filled at or close to the price displayed at the time you clicked. A requote happens when the broker's system determines that the price has moved between the moment you submitted the order and the moment it is processed, and the broker is unwilling or unable to fill the order at the original price.
Instead of executing at the new market price automatically, the broker presents a revised quote and asks whether you want to proceed at the updated price. You can accept the new price or cancel the order entirely.
A requote is different from slippage. With slippage, your order is executed automatically at a different price from the one you requested, either better or worse, without any intervention or confirmation required from you. With a requote, execution is paused and you are given a choice. The practical effect can be similar, in that you end up trading at a price different from your original intention, but the mechanism is distinct.
Why Requotes Happen
Requotes occur for a combination of technical and structural reasons.
In a dealing desk or market maker execution model, the broker quotes its own bid and ask prices and takes the other side of client trades internally. When you submit an order, the broker's system checks whether the price it quoted is still valid. If the market has moved in the fraction of a second between your click and the broker's processing, the broker may determine that filling your order at the original price would be unprofitable and instead offer a revised quote.
This is the most common structural source of requotes. The broker is not obligated to fill at a price it no longer considers current, and the requote is the mechanism by which it communicates the new price rather than simply executing at a worse level.
Technical latency also contributes. The time taken for your order to travel from your device to the broker's server and back introduces a small delay. In fast-moving markets, prices can shift meaningfully within that delay. The longer the latency, the greater the potential gap between the price you saw and the price the broker considers current when your order arrives.
Market conditions play a significant role. During major news releases, around central bank decisions, or in periods of unusually thin liquidity such as market opens and holiday sessions, prices move rapidly and spreads widen. These are the conditions in which requotes are most likely to occur, because the gap between the quoted price and the actual executable price is widest and changes most quickly.
Requotes vs Slippage
Requotes and slippage are both forms of price deviation between your intended execution price and the actual outcome, but they work differently.
A requote pauses the order and gives you a choice. You retain control over whether to proceed at the new price. The trade does not execute unless you accept.
Slippage executes the order automatically at the best available price at the time of execution, which may be better or worse than the price you requested. You do not have the option to decline. Orders are executed at the best available market price, which may result in positive or negative slippage during volatile market conditions.
From a trader's perspective, requotes introduce uncertainty and delay, which can be particularly disruptive for short-term strategies where entry precision matters. Slippage, while it can result in a worse price, at least produces an execution. A requote during a fast-moving market may result in the trade not executing at all, or executing significantly later at a much different price if you accept the revised quote after further price movement.
Some traders find slippage more manageable than requotes because execution is guaranteed and the price outcome, while uncertain, is immediate. Others prefer the transparency of a requote because it gives them the opportunity to decline if the new price falls outside their acceptable range.
When Requotes Are Most Likely
Requotes are most likely in the following conditions.
Around high-impact economic news releases, including non-farm payrolls, central bank interest rate decisions, inflation data, and GDP releases. These events produce sharp and rapid price movements that outpace the ability of a dealing desk to maintain stable quotes.
During the opening of major trading sessions, particularly the London open and the New York open, when liquidity conditions are in transition and spreads are wider than during peak hours.
In off-peak trading hours when liquidity is thinner, such as the Asian session for instruments that primarily trade during European or US hours, or during holiday periods when market participation is reduced.
On less liquid instruments, including exotic currency pairs, smaller stock CFDs, and other markets with lower trading volumes, where price discovery is less continuous and spreads are wider.
When the broker's systems are under high load during periods of exceptional market activity, order processing delays can increase the probability of requotes.
Requotes and Execution Models
The frequency of requotes is closely related to the broker's execution model.
Dealing desk brokers, also called market makers, are the primary source of requotes. Because the broker is quoting its own prices and taking the other side of trades, it has the ability and the commercial incentive to pause execution and revise the price when market conditions shift. Well-managed dealing desk brokers minimise requotes through automated systems and pricing controls, but the structural possibility remains.
No dealing desk brokers, which route orders directly to external liquidity providers using STP or ECN execution, generally do not requote. In these models, orders are passed automatically to the liquidity pool and executed at the best available market price. If the price has moved between order submission and execution, the result is slippage rather than a requote. The execution is automatic and does not pause for broker intervention.
This is one reason why traders who use short-term strategies or who trade around news events often prefer no dealing desk execution: the absence of requotes means trades either execute or they do not, without the additional layer of delay and uncertainty that a requote introduces.
How to Reduce the Impact of Requotes
There are several practical approaches to reducing the frequency and impact of requotes.
Choosing an execution model that does not requote is the most direct approach. No dealing desk execution models, including STP and ECN, do not requote by design. Orders are executed at the best available market price at the time of processing rather than being paused for broker review.
Using a deviation or slippage tolerance setting, where the platform allows it, specifies the maximum number of pips of price movement you are willing to accept beyond your requested price. If the price moves within that tolerance, the order executes automatically. If it moves beyond it, the order is rejected rather than requoted. This does not eliminate price deviation but removes the requote step by defining acceptable execution parameters in advance.
Avoiding order submission immediately before or during high-impact news releases reduces exposure to the conditions where requotes are most likely. If your strategy requires trading around news, checking the economic calendar in advance and understanding how your broker handles execution during those windows is important.
Reducing latency by using a trading server geographically close to the broker's execution infrastructure reduces the time between order submission and processing, which narrows the window for price movement that triggers a requote.
Using pending orders rather than market orders in some situations can reduce requoting, since a pending order specifies a price level in advance rather than asking for immediate execution at the current market price. However, pending orders carry their own execution risks in fast markets, including the possibility that they are skipped entirely if the price gaps past the specified level.
Demo Accounts and Requotes
Demo accounts often execute orders instantly and may not fully replicate live execution conditions, including requotes and slippage. A demo environment where orders always fill at the requested price may not reflect what you will experience on a live account, particularly during volatile market conditions. Testing execution quality on a live account with a small position size gives a more accurate picture of how the broker handles orders under real market conditions.
Trading at TIOmarkets
TIOmarkets offers trading on MT4 and MT5 across forex, indices, stocks, commodities, and crypto CFDs. Orders are executed at the best available market price, which may result in positive or negative slippage. A Standard account is created automatically on registration. Raw and VIP Black accounts are opened separately via the client area. All accounts support hedging and are available on MT4 and MT5.
A swap-free Islamic account is available: contact TIOmarkets for eligibility and instrument details. Copy trading is also available, allowing followers to copy strategy providers in real time across MT4 and MT5.
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