Requotes occur when a broker offers a different price than the one initially requested by the trader. While this might seem minor, requotes can significantly impact trading outcomes, especially in fast-moving markets. To avoid this, it’s crucial to choose a broker that offers reliable execution with no requotes. Here’s how to find one.

Why Avoid Requotes?

Disrupted Trading: Requotes can delay trades, causing missed opportunities.
Increased Costs: Requotes may result in entering trades at less favourable prices.
Inefficient Scalping and Day Trading: High-frequency strategies suffer the most due to requotes.
Market Volatility Risks: Requotes are more common during news events and periods of high volatility, affecting trade execution accuracy.

Key Features to Look for in a Broker with No Requotes

1. ECN or STP Execution
Brokers with ECN (Electronic Communication Network) or STP (Straight Through Processing) execution models are less likely to have requotes.

• ECN Brokers: Provide access to multiple liquidity providers, ensuring the best available prices.
• STP Brokers: Route orders directly to liquidity providers without a dealing desk, reducing the chance of requotes.

2. Fast Execution Speed
Low-latency execution ensures trades are processed quickly, reducing the likelihood of price changes.

• Look for brokers offering execution times under one second.

3. High Liquidity Access
Brokers connected to multiple liquidity providers offer better pricing and less slippage, minimising the risk of requotes.

4. Low Spread Accounts
Brokers with raw spreads and competitive pricing reduce the chances of significant price variations during order processing.

5. Robust Trading Platform
Platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader are known for their stability and fast order execution. Proprietary platforms with custom-built execution features may also help.

6. Strong Regulation and Transparency
Regulated brokers must adhere to strict standards, ensuring fair execution policies and reducing the likelihood of price manipulation.

Top 15 Forex Brokers Known for No Requotes

Vantage

• Best For: High-frequency and professional traders
• Features: ECN execution, raw spreads from 0.0 pips, and low-latency execution

FP Markets

• Best For: Multi-asset traders
• Features: STP execution, tight spreads, and fast trade processing

TiBiGlobe

• Best For: Customised trading solutions
• Features: Direct market access, high liquidity, and personalised execution options

Pepperstone

• Best For: Scalping and algorithmic trading
• Features: ECN execution, VPS support, and ultra-low latency

AvaTrade

• Best For: Beginner traders
• Features: Fixed spreads, multiple trading platforms, and reliable execution

IG Markets

• Best For: Day traders and multi-asset investors
• Features: No-dealing desk execution and real-time data integration

Saxo Bank

• Best For: High-net-worth and institutional traders
• Features: Institutional-grade execution with deep liquidity access

CMC Markets

• Best For: Technical analysis and short-term trading
• Features: Tight spreads, low latency, and advanced charting tools

HYCM

• Best For: Experienced traders
• Features: Multi-platform support and fast order processing

Admiral Markets

• Best For: Long-term investors and swing traders
• Features: MT4/MT5 support, competitive spreads, and reliable execution

OctaFX

• Best For: Emerging market traders
• Features: Low spreads and fast trade execution

Alpari

• Best For: Automated and algorithmic traders
• Features: Multiple liquidity providers and low-latency VPS support

City Index

• Best For: UK-based traders
• Features: Proprietary platform with reliable trade execution

XTB

• Best For: Active traders
• Features: Proprietary xStation platform with fast execution and real-time market data

Intertrader

• Best For: Spread betting and CFD traders
• Features: No-dealing desk execution and transparent pricing

How to Verify a Broker’s Execution Quality

Test with a Demo Account: Check execution speed and monitor for requotes.
Read Execution Policies: Ensure the broker explicitly mentions “no requotes” in their execution policy.
Compare Spreads and Trade Costs: Low spreads often correlate with better pricing and reduced requotes.
Check Client Reviews: Real-world feedback provides insights into the broker’s reliability.
Assess Platform Performance: Test platform stability during volatile market conditions.

Conclusion

Choosing a broker with no requotes ensures faster, more accurate trade execution and a smoother trading experience. Brokers like Vantage, FP Markets, and TiBiGlobe offer ECN and STP execution, low spreads, and advanced platforms to minimise the risk of requotes.