Thread: What does requote mean?

Originally Posted by ;

Apparently sometimes brokers will do this. I know that it's a bad thing, but what exactly does it mean, why and how does this occur, and what impliions are there for your speculators like us?

Yes, requotes do occur and generally whenever the price could not be filled..this is more an effect of a volatile market but there are a couple of brokers who issue requotes often. .

[quote=nence;7373412]Is there an option that Permits You to Assume control of the risk of requoting... I mean, let Us say There's a price difference of 4 pips between the price you saw and the price the market is offering in the Exact Instant, is there a Method for the trade not to be Implemented without your permission... I'm sorry if my question Isn't clear... I'd troubles translating my thoughts into words and then Right into a foreign language

What does requote mean?

It means that it is time to modify broker.

Originally Posted by ;

how to know if a broker re-quotes? Anyone has some experience with such brokers?

Yeh the message comes up 'requote'

I've a question about reqoating. Appearantly when I trade in high-volatility at Alpari broker they really do reqoating (it states on their site) and I think that they could give me 10 pips off from the actual market price so that I would lose money.
However, alpary has the choice, if I cover them 16 dollar (on commission) then they're going to stop this grisly action. Then they will never ever alter the spread for me personally. They will just ignore me and let me enter trades directly to the market.

My question:
Why does Alpari assert to be an ECN if they do reqoating? I thought only market manufacturers do reqoating and ECN brokers only earn money from commission, right?

Originally Posted by ;

Requote The price you've clicked is not the price the broker is prepared to provide you with. *Not prepared* signifies the broker is at a disadvantage when the price went through in the price you've clicked. Remember: Bad for you = Great for broker. Great for you = Bad for broker. Therefore, a requote is something the broker can do to screw you.

Hello, would you please see this thread: https://www.nigeriaforextrading.com/...g-systems.html

I am really interested in your announcement, and it would very helpful if you eplain further the particulars.

Some people very easy saying going to change broker. That means we could reunite our money all in broker. In case not..why we easy suggest to modify broker. We have to think think a bit more.

Requotes are common in particular markets, and are part of almost any Forex trading career. But if you find that your Forex broker requotes frequently (especially during silent markets) your broker could be suffering from a lack of liquidity. If that is true, you may choose to find a new Forex broker.

Originally Posted by ;

Apparently sometimes brokers will do so. I know it's a bad thing, but just what does this mean, why and how does this happen, and what impliions are there for your speculators like us?

Re quotes generally occurs when an trader initiates a trade at a certain price , but the broker returns the request with another quote. This happens more often in fast-moving markets , once the markets are notably volatile or if the trade is particularly large (requiring verifiion from the trader ). This is normally due to rapid price changes, which means the broker cannot give you the same price you saw when you clicked buy or sell

Perhaps it's dumb question, but I wish to understand...

Re-quote sometimes happens also on limit orders or is it just for market orders?