The FIXIO cTrader platform uses market execution, so requotes are 99.9% absent.
For reference, a requote in FX trading occurs when the quoted price changes before the trade can be executed, requiring a new quote at the updated price. Requotes are caused by market fluctuations and decreased liquidity.
For example, consider the following scenario:
If a trader attempts to place a sell order for a currency pair, the trading platform will display the quoted price. However, if market liquidity is low or there is a sudden price movement, the quoted price may change within the brief period before the trader can execute the order.
For instance, if a trader is trying to sell EUR/USD and the quoted sell price is 1.2000, but before the trader clicks to execute the order, the market price suddenly drops to 1.1995, the trading platform may issue a requote and notify the trader that the new price is 1.1995.
Requotes occur when it becomes difficult for traders to execute their orders at the quoted price due to market fluctuations or decreased liquidity. Traders need to decide whether to accept the requote or execute the order at the new price.
It is important to note that requotes are caused by external factors such as market fluctuations and decreased liquidity, and are not the result of intentional actions by the broker. However, some brokers may create unfavorable conditions for traders with excessive requote frequency or delays, so choosing a reliable broker is crucial.