Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Compare No Requotes Brokers

For our no requotes comparison, we found 8 brokers that are suitable and accept traders from United States of America.

We found 8 broker accounts (out of 147) that are suitable for No Requotes.

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IG

Spreads From

EURUSD 0.6 pips See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

75% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250
ThinkMarkets

Spreads From

EURUSD 0.1 pips See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About ThinkMarkets

  • Regulated by: Financial Conduct Authority and ASIC.
  • Established in 2010 HQ in Australia.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

Losses can exceed deposits

Read our in-depth ThinkMarkets review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

What Are Requotes?

Requotes arise as a result of a delay between the initiation and execution of an order. During this processing delay, if the market moves, the price a trader requested to buy or sell a currency pair at may no longer be available from the broker and an alternative price will, therefore, be offered. The re-quote will usually be displayed on the trader’s platform, giving them the opportunity to accept or reject the new price, and continue with or discontinue the trade.

Execution delays may occur for a variety of reasons, including technical issues experienced when the trader uses a poor internet connection. They can also be prevalent when markets are fast-moving and volatile, such as during news releases.

Brokers who provide requotes tend to be dealing desk brokers who act as market makers, either placing the opposite of their client’s trade and gaining from their client’s losses, or hedging their client’s positions in order to prevent them incurring losses as a result of the client’s gains. Either way, this can lead to execution delays, and therefore requotes.

There are circumstances when dealing desk brokers may be preferred by a trader, and therefore requotes will need to be accepted as a part of their trading strategy. However, if requotes occur regularly and in quiet markets, it may be a sign that a broker is suffering from a lack of liquidity.

How Can Requotes Be Avoided?

There are ways a trader can protect themselves from requotes. No dealing desk brokers (NDDs) display the most competitive price quotes offered by the market or their ECN (Electronic Communication Network), and the order is automatically executed at the best price available. Traders may, therefore, opt for ECN / STP (Straight Through Processing) brokerages to have their order executed in the quickest time possible, reducing the necessity for requotes.

Most ECN / STP brokers actually operate on a market execution basis, rather than an instant execution basis. What this means is that rather than the broker presenting a re-quote, the trade is simply placed at the best available price in the market at the time the order is processed. This will not necessarily be the price that the trader has seen on their platform, and they will not be given the opportunity to accept or reject the new price. However, trades are processed much more quickly – often within milliseconds, and if a price change does occur, it should be noted that although it can negatively affect the trader, they could also potentially benefit from the price becoming more favourable.

Setting deviation parameters on the trading platform can also help to avoid requotes as this would authorise the broker to accept a higher price if markets move, without them having to return to their client for authorisation to place the trade at the new price.

When using a dealing desk broker, a trader may also set take profit and stop loss levels before entering the trade. The take profit (TP) level ensures that a trader’s position is closed if their trade reaches a target price and stop loss (SL) level ensures that a position is closed before a price goes below a particular level. Both of these predetermine the price at which the order will be sold at (unless the client decides to sell before these levels are reached), which means that requotes will not be relevant. Traders are not able to set stop loss and take profits levels when entering into a trade if a broker is using market execution.

Should Requotes be Avoided?

Whilst brokers can benefit from requotes, traders are unlikely to be offered a requote with a more favourable price. Generally speaking, a broker will offer a re-quote when the markets have moved to their disadvantage. However, regulated brokers do have a duty to take every reasonable step to obtain the most favourable outcome for clients, which should mean that requotes are kept to a minimum.

Traders may still wish to avoid requotes as they can potentially mean missing out on a good trading opportunity. Even when a re-quote is accepted by the trader and a subsequent order placed at the new price, there may be a delay while this order is being executed, during which time the markets may have moved further, and a new re-quote will be required. When the trade is carried out on a market execution basis, this series of delays will be avoided as the best available price will be applied automatically, and trades will, therefore, be executed much more quickly.

How to Find Brokers with No Requotes

Using ECN / STP brokers that offer real-time execution of orders will help to avoid requotes and losses from slippage. The broker should be using advanced technology to ensure orders are being processed as quickly as possible, and transaction speed can be tested by setting up a demo account.

Using a regulated broker is also recommended as this will mean that they are subject to regulations that prevent them from taking advantage of their clients through requotes.

Since 2010, regulated broker, XM, have offered 100% execution of orders, with no requotes and no rejections.

Other regulated brokers with no requotes include FXCM, who aim to process orders within milliseconds, and FXPrimus, who offer no requotes on their ECN Premier Spreads.

Why Choose IG
For No Requotes?

IG scored best in our review of the top brokers for no requotes, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:

  • 44+ years in business
  • Offers 10,000+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.60pips
  • Used by 195,000+ traders.
  • Offers demo account
  • 4 languages

IG offers four ways to tradeForex, CFDs, Spread Betting, Share dealing. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

IG have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust Score comparison

IG ThinkMarkets
Trust Score AAA B
Established in 1974 2010
Regulated by Financial Conduct Authority and ASIC Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of IG vs. ThinkMarkets


Want to see how IG stacks up against ThinkMarkets? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
IG ThinkMarkets
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.60 0.10
GBP/USD Spread 0.9 1.2
USD/CAD Spread 1.7 0.9
USD/JPY Spread 0.70 0.10
DAX Spread 1.0
FTSE 100 Spread 1.0
S&P500 Spread 0.4

Comparison of account & trading features

IG ThinkMarkets
Platform MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, Mac, Web Trader, Tablet & Mobile apps
Services Forex, CFDs, Spread Betting, Share dealing Forex, CFDs
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, CNH
Funding options Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard, Payoneer, Credit cards, Bank transfer, Neteller, BPAY, UnionPay, FasaPay, DebitCard,
Micro account
ECN account