A “no-requotes forex broker” refers to a forex (Foreign Exchange) brokerage firm that offers trading without re-quotes. In the context of the forex market, a re-quote happens when the broker isn’t able to execute the trade at the price that the trader requested.
This might be due to a rapid movement in the market or other factors. When this occurs, the broker will offer a new quote to the trader. This process can be frustrating for traders, particularly those who engage in fast-paced strategies like scalping.
In this article, we have grouped some of the best forex brokers without requotes.
To compile this ranking, we took these factors into consideration:
- The overall quality of the brokers
- The internal requotes-free policy of the brokers
- The efficiency of order execution
- The commissions on forex trading
What are the best forex brokers without requotes?
Below our curated list of the best no-requotes forex brokers, with details of features and characteristics.
XM
best no requotes forex broker overall
XM enforces a strict no-requotes policy. XM guarantees all orders execution. XM offers forex spreads beginning at 0 pips and requires a minimum deposit of $5.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About XM
XM is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. XM provides MetaTrader 4, MetaTrader 5, and proprietary platforms. XM is regulated by multiple authorities including CySEC, ASIC, and IFSC. XM is known for competitive spreads, extensive educational resources, and multilingual customer support. XM serves over 5 million clients from 196 countries. XM offers various account types and a no-requote policy.
XM Features
The features of XM are listed below.
- XM is a broker known for its strict no requotes policy.
- Orders on XM are executed as they are placed 100% of the time.
- XM’s no requotes policy causes orders to be executed more slowly than other brokers, so much so that 0.65% of them are executed in more than one second.
- The minimum deposit to open a no requotes account with XM is $5, and forex spreads start at 0 pips.
XM Pros and Cons
Advantages of XM
The advantages of XM are listed below.
- There’s a wide range of account types
- The demo account at XM is unlimited
- Wide range of educational resources
Disadvantages of XM
The disadvantages of XM are listed below.
- No social trading features available
- The account availability changes depending on the location of the trader
- High minimum deposit to invest in securities ($10000 for the XM Shares account)
IC Markets
best ECN no requotes forex broker
IC Markets uses ECN execution without requotes. IC Markets ensures low latency and provides forex spreads starting at 0 pips.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About IC Markets
IC Markets is a global forex and CFD broker founded in 2007 and based in Sydney, Australia. IC Markets offers trading on over 2,250 instruments including currencies, commodities, indices, stocks, and cryptocurrencies. IC Markets provides MetaTrader 4, MetaTrader 5, and cTrader platforms. IC Markets is regulated by multiple authorities including ASIC and CySEC. IC Markets is known for its ECN execution model and low spreads. The IC Markets CEO is Andrew Budzinski.
IC Markets Features
The features of IC Markets are listed below.
- IC Markets offers ECN execution that has no requotes.
- Latency on IC Markets is very low along with the speed of order execution.
- The low 0 pips spread, along with the quality of order execution, makes IC Markets an excellent broker with no requotes, ideal for scalpers.
IC Markets Pros and Cons
Advantages of IC Markets
The advantages of IC Markets are listed below.
- Low-latency trading environment
- Institutional level liquidity
- MT4, MT5, cTrader platforms are all available
Disadvantages of IC Markets
The disadvantages of IC Markets are listed below.
- Small amount of educational tools for new traders
- Small range of tradable assets compared to other CFD/Forex brokers
Pepperstone
best for low spreads forex trading
Pepperstone offers exceptional liquidity and boasts only 0.05% requotes occurrence. Pepperstone maintains forex spreads from 0 pips.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- Pepperstone is a broker known for offering excellent liquidity and almost no requotes on orders.
- Thanks to Pepperstone’s excellent ECN execution, forex orders incur requotes in only 0.05% of cases.
- Pepperstone’s forex spreads start at 0 pips, and $200 is required to open a real account.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,09 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
XTB
best forex trading platform
XTB provides a trading environment without requotes. XTB begins forex spreads at 0 pips and doesn’t have a minimum deposit requirement.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About XTB
XTB is a global forex and CFD broker founded in 2002 and headquartered in Poland. XTB offers trading on over 2,000 instruments including currencies, stocks, indices, commodities, and cryptocurrencies. XTB provides the proprietary xStation platform and is regulated by multiple authorities including FCA, CySEC, and KNF. XTB is listed on the Warsaw Stock Exchange and serves over 897,500 clients worldwide. The XTB CEO is Omar Arnaout since March 2017.
XTB Features
The features of XTB are listed below.
- With XTB it is possible to trade in a requotes-free environment.
- Spreads with XTB start at 0 pips, and you can trade over 30 forex pairs.
- XTB requires no minimum deposit.
XTB Pros and Cons
Advantages of XTB
The advantages of XTB are listed below.
- No minimum deposit
- Wide selection of assets
- Competitive trading costs
Disadvantages of XTB
The disadvantages of XTB are listed below.
- Small withdrawal fee
- No social or copy trading
- XTB demo account is limited to 30 days
FxPro
best MT5 no requotes forex broker
FxPro eliminates requotes on MT5 and cTrader platforms. FxPro sets forex spreads as low as 0 pips and offers market execution accounts.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About FxPro
FxPro is a global online broker founded in 2006, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. FxPro provides multiple trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and its proprietary FxPro Platform. FxPro is regulated by multiple authorities including FCA, CySEC, SCB, FSC and KNN. FxPro serves clients in over 170 countries and has won numerous industry awards. The FxPro CEO is Charalambos Psimolophitis.
FxPro Features
The features of FxPro are listed below.
- FxPro offers trading without requotes on MT5 and cTrader.
- FxPro’s MT5 and cTrader accounts offer trading with market execution that by nature has no requotes.
- FxPro’s MT4 accounts that offer instant execution can apply requotes in high volatility situations.
- Requotes on FxPro’s MT4 can be limited by choosing the maximum range within which the order can be executed.
- FxPro’s forex spreads start at 0 pips.
FxPro Pros and Cons
Advantages of FxPro
The advantages of FxPro are listed below.
- Regulated and Trusted Forex broker
- Diverse Trading Platforms
- Wide Range of Instruments
Disadvantages of FxPro
The disadvantages of FxPro are listed below.
- Inactivity Fee
- Limited Educational Resources
- No Guaranteed Stop-Loss Orders
FBS
lowest minimum deposit broker
FBS minimizes requotes by executing orders within 400ms. FBS adjusts its minimum deposit, starting from $1.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About FBS
FBS is a global forex and CFD broker founded in 2009, offering trading on currencies, commodities, indices, stocks, and cryptocurrencies. FBS provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FBS is regulated by multiple authorities including CySEC, ASIC, and IFSC. FBS serves over 27 million clients in 150+ countries. FBS is known for low minimum deposits, extensive educational resources, and copy trading services.
FBS Features
The features of FBS are listed below.
- FBS offers an environment with very rare instances of requotes as orders are executed at market.
- Orders on FBS are executed in an average of 400ms.
- The minimum deposit on FBS is variable and starts at $1.
- Spreads on FBS start at 0 pips depending on account type.
FBS Pros and Cons
Advantages of FBS
The advantages of FBS are listed below.
- Low minimum deposit
- User-Friendly Platforms
- 90 international awards
Disadvantages of FBS
The disadvantages of FBS are listed below.
- Limited Financial Instruments
FP Markets
best forex trading execution
FP Markets carries out direct execution without requotes. FP Markets starts forex spreads from 0 pips and with a $100 minimum deposit.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About FP Markets
FP Markets is an Australian-based global forex and CFD broker founded in 2005. FP Markets offers trading on over 10,000 instruments including forex, stocks, indices, commodities, and cryptocurrencies. FP Markets provides MetaTrader 4, MetaTrader 5, and proprietary platforms. FP Markets is regulated by multiple authorities including ASIC, CySEC, and FSA. FP Markets is known for tight spreads, fast execution, and extensive educational resources. The FP Markets CEO is Craig Allison.
FP Markets Features
The features of FP Markets are listed below.
- FP Markets offers NDD execution without requotes.
- Execution of forex orders is ultra-fast at FP Markets.
- Spreads on FP Markets start at 0 pips, and a minimum deposit of $100 is required to open a real account.
FP Markets Pros and Cons
Advantages of FP Markets
The advantages of FP Markets are listed below.
- Broad Instrument Offering
- Competitive Spreads
- Multiple Trading Platforms
Disadvantages of FP Markets
The disadvantages of FP Markets are listed below.
- High Fees for International Withdrawals
- Outdated Platform Design
Vantage
best for professional forex traders
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Vantage
Vantage is a global multi-asset broker founded in 2009, offering trading on forex, CFDs, commodities, indices, shares, and cryptocurrencies. Vantage provides MetaTrader 4, MetaTrader 5, and proprietary platforms. Vantage is regulated by multiple authorities including ASIC, FCA, and CIMA. Vantage is known for fast execution, competitive spreads, and extensive educational resources. Vantage serves over 3 million registered users worldwide. The Vantage CEO is David Shayer.
Vantage Features
The features of Vantage are listed below.
- Vantage is an ECN broker that offers trading without requotes on the Pro ECN account.
- Vantage’s Pro ECN account uses multiple liquidity providers to ensure instant execution of orders and minimize the possibility of requotes.
- Vantage’s Pro ECN account is for professional clients only.
- Although Vantage’s minimum deposit is $200, the Pro ECN account requires at least $20,000.
Vantage Pros and Cons
Advantages of Vantage
The advantages of Vantage are listed below.
Vantage adopts ECN trading with no requotes on Pro ECN accounts. Vantage needs a $20,000 deposit for the Pro ECN.
Disadvantages of Vantage
The disadvantages of Vantage are listed below.
- Not available to US traders
- Customer service could be improved
Tickmill
fastest forex trading execution
Tickmill delivers fast executions without requotes. Tickmill completes orders in 200ms on average with forex spreads beginning from 0 pips.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Tickmill
Tickmill is a global multi-asset broker founded in 2014, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Tickmill provides MetaTrader 4, MetaTrader 5, and proprietary platforms. Tickmill is regulated by multiple authorities including FCA, CySEC, and FSCA. Tickmill is known for low spreads, fast execution, and extensive educational resources. Tickmill serves over 500,000 clients worldwide. The Tickmill CEO is Sudhanshu Agarwal.
Tickmill Features
The features of Tickmill are listed below.
- Tickmill offers fast execution without requotes, where orders are executed in 200ms on average.
- Over 180 financial instruments can be traded on Tickmill with forex spreads as low as 0 pips.
- The minimum deposit to open a requotes-free account on Tickmill is $100.
Tickmill Pros and Cons
Advantages of Tickmill
The advantages of Tickmill are listed below.
- Regulatory Trust
- Competitive Pricing
- Comprehensive Platform Support
Disadvantages of Tickmill
The disadvantages of Tickmill are listed below.
- Limited Asset Variety
- Higher Costs on Classic Account
- Discontinued Features
What are requotes in forex?
A requote is basically a change in the price of the order between the time you make the order, and when it is actually executed. There are a number of reasons why this may happen, but the result is that a broker has been unable to open your trade at the initial price, and has instead opened it at the requoted price.
Which forex brokers can help you avoid requotes?
Avoiding requotes is not always the easiest thing to do. This is because they are not actually applied by the broker but instead they are typically the result of another issue such as a sudden market change, or a technical issue with the speed of execution.
With that said, the type of broker you choose, and particularly the execution methods they employ, can have a big bearing on your exposure to requotes. In this case, you are best to choose between one between NDD, ECN, and STP brokers. These will typically try to offer a requote-free trading environment and provide you access to the fastest execution styles, deepest liquidity, and most direct access to markets.
Why do requotes happen when trading with forex brokers?
Here are some of the main reasons why a requote can occur:
Slow Internet Connection and Technical Issues: Your internet connection could be at the root of your problems when it comes to requotes. A slow internet connection will cause a higher number of requotes since there will be a delay in you clicking the button to order, versus the time this order is received by the broker’s servers. Any delay in time here could mean tha price may have changed. The same goes for any technical issues you may have.
Broker’s Execution Delay: Depending on the execution type you choose from your broker, there could be a higher instance of requotes depending on this execution method. The best brokers to select to avoid these delays are the best ecn brokers as they are generally considered to be the fastest, and can provide you with lightning-fast execution speeds.
High Market Volatility: The other time when you may experience requotes is when the markets are particularly volatile. This can occur during high volume periods, or when there is some market change event or news released which can cause the prices to change rapidly. In these kind of special cases, it will not matter how fast your internet connection, nor the execution method used, the market can still change in the very slight amount of time in between these actions.
Who should look for a No-Requote forex broker?
If you are a day trader, or someone else trading over very short time frames such as scalpers, then a requote could have a drastic impact on your trading strategy and overall results. If this is you, then you should absolutely be searching for the best no requotes forex brokers that you can.
If you’re interested in scalping, then you may be interested in reading our top 10 best scalping brokers article.