There are too many trading providers claiming to be no requote brokers, but not all of them are legit. Where can you find a reliable one?

Forex market is very volatile, which means the price movement is really fast. Because of this, sometimes you will come across a requote. This is a condition when the broker you are dealing with is not able to execute your trade based on the price you entered. As a result, you might be asked to enter at a different price that is more likely to be disadvantageous. The best way to avoid this is for you to choose a broker with no requote policy. A requote itself is not all that common, but it is still something that you need to be aware of.

no requote brokers

 

What Causes Requotes in Forex?

The volatility of the market is what causes brokers to have difficulty placing the order at your requested price. Brokers usually have their own brokers that they deal with called the liquidity provider. The liquidity pool can pull orders, raise the prices, or even simply refuse to acknowledge anything if they want to. Usually, your broker will warn you that you are going to get a worse fill than what you originally wanted.

Generally, requotes are bad for you. While it is not always an outward attempt by the broker to charge you more, some dubious brokers might be pulling this scheme. In some cases, you might suffer a requote because your broker 'neglected' to put in the order when you made it. It doesn't always mean that they purposely do this, but it might be because of the lag that happened during extreme volatile sessions. Thus, it is highly suggested that you find a good no requote broker in order to protect yourself against such risks.

 

Finding a Good No Requote Broker

There are plenty of forex brokers claiming to offer no requote services nowadays. But, not all of them can be trusted with their claims. Actual no requote brokers should provide advanced technology to ensure order executions and deal with the best liquidity provider(s). Usually, a trusted broker will display this information on their official websites.

Here are some of the best no requote forex brokers with great latency and liquidity providers.

 

1. IC Markets

IC Markets is probably one of the best no requote brokers in the industry. They have average execution speeds of under 40ms to make sure your order is executed precisely as you want. IC Markets also have the best technology where they administer low latency fiber optic and Equinix NY4 server. Additionally, you can get a free VPS if your trading volume exceeds 15 lots (round turn) per month. This brokerage uses Forex VPS that has 5 minutes activation time with a 1 millisecond latency time to IC Markets live server.

Aside from requotes, swap rate is another thing you might want to consider. While some people view this as a risk, IC Markets saw it as a side earning for you. They let you choose to reduce your swap cost or maximize your overnight swap earnings. Keep in mind that swaps are only applied when positions are kept open until the next forex trading day. You can check the IC market's swap rates in their official site or from your IC Market's MT4.

Website
Established
2007
Leverage
1:1000
Min Deposit
$200
Regulation
ASIC, CySEC, SCB, The Financial Commission, FSA (Seychelles)
Interest rate on funds
Free education
PAMM
MAM
Segregated accounts
Managed accounts
Islamic accounts available
Compensation scheme
Swap
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
PayPal
Skrill
Wire transfer

IC Markets is an online forex broker operating under the company of International Capital Markets Pty Ltd. Traders under the Australian jurisdiction are provided with the trading service of IC Markets AU that is headquartered in Australia and licensed by the Australian Securities and Investments Commission (ASIC).

On the other hand, non-Australian traders who open an account in this broker are registered under IC Markets SEY that is based in Seychelles, and regulated under the Seychelles Financial Services Authority (SFSA). The dual operation is a result of the relatively new rules from ASIC that prohibit their regulated broker to offer trading services outside Australia.

Classified as an ECN broker, IC Markets provide clients with MetaTrader 4, MetaTrader 5, cTrader as platform trading options. This broker also follows market trends to include Cryptocurrencies as one of its products, enriching its already wide selection of trading assets that include Currencies, Indices, Metals, Energies, Softs, Stocks, as well as Bonds.

The minimum deposit in IC Markets is in the middle range compared to other ASIC-regulated brokers, as it reaches $200 for every client. Market analysis materials are also prepared regularly for trading insights on IC Markets's official website, proving their competence to serve their traders with important contents created by market experts that work specifically for them.

For payment methods, IC Markets allows funding and withdrawal via wire transfer, credit card, PayPal, Skrill, Neteller, FasaPay, UnionPay, as well as Bitcoin via BitPay. The more interesting aspect from this broker is its multi-base currencies that include USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD.

As the trading technology in IC Markets is highly equipped with co-located servers and extremely low latency (especially on cTrader), the broker is widely known for its capability in hosting traders with the special needs for high-frequency trading as well as scalping.

To sum up, IC Markets is a fitting destination for active traders looking for a well-regulated broker. IC Markets is also flexible in terms of base currency and payment methods, signaling their commitment to welcome traders beyond their home country. As of late 2019, IC Markets provided their website in 18 international languages including English, Korean, Indonesian, French, Spanish, Italian, Malay, German, and Chinese.

 

2. Pepperstone

Pepperstone is widely known for offering fast trading executions with one of the most responsive platforms in the industry. They have various options for trading platforms, including TradingView, MT4, MT5, and cTrader. This broker claims to have a 99.9% fill rate with no dealing desk intervention. That alone makes Pepperstone earn its place among the best no requote forex brokers. They also have more affordable options if you want to reduce your trading cost. Their Razor account enables you to get access to institutional-grade spreads from 0.0 pips at just AUD$7 per lot. The standard account in Pepperstone also has competitive spreads and no commission.

Website
Established
2010
Leverage
1:400
Min Deposit
$0
Regulation
ASIC, BaFin, Capital Markets Authority of Kenya, CySEC, DFSA (Dubai), FCA, SCB
Free education
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
Low spread eur/usd
VPS
Trading via API
Copy trading
Webinar
PayPal
Wire transfer
Neteller
Skrill

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.

Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

  • The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
  • Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
  • Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).

There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. You can start trading with a minimum lot of 0.01 (micro) and 1:400 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.

 

3. XTB

As one of the largest forex and CFD brokerages in the world, of course, XTB cares about reducing requotes. They have a powerful trading platform called xStations that aims to be the most reliable and functional trading app on the market. This platform provides superior executions speed to make sure you will have little to no requotes when you trade from anywhere in the world. It is also very easy to use and fully customizable, which makes it great even for new traders. Not only can you get the best trading charts, but you can also check the market order depth with a simple click.

Website
Established
2002
Leverage
1:30
Min Deposit
$0
Regulation
FCA, 522157, CNMV, 40, Belize Financial Service Commission (FSC), IFSC/60/413/TS/19, FSA (Poland), 0000217580, Czech National Bank, 56720, DFSA (Dubai), 4365, FSCA, 49970, ESMA
PAMM
Personal manager
Segregated accounts
Free education
PayPal
Skrill
Wire transfer
Neteller

With more than 15 years of experience, XTB (rebranded from X-Trade since 2009) is one of the largest brokers in the world. They have offices in more than 10 countries, including Belize, UK, Poland, Germany, Spain, and France. XTB Group is regulated by the world's biggest supervision authorities including the IFSC, FCA, KNF, and CySEC.

As a regulated company, XTB holds all retail clients' funds in a fully segregated account, meaning they are not mixed with the broker's operational funds. This enables traders who register in XTB to trade with confidence in their funds' safety.

XTB tries to provide an easy-trading anytime and anywhere. They have a mobile application, xStation to realize that vision. Traders can access financial markets from their fingertips and choose from over 1,500 CFD markets including 48 currency pairs, cryptocurrencies, 20 indices, commodities (gold, oil, silver, etc.), stock, and 60 ETFs from around the world. This application can be downloaded in Google Play and App Store.

Traders also can access their platform by PC. XTB offers a web trade platform with access to more advanced tools for more advanced traders. It's fully compatible with Chrome, Firefox, Safari, and Opera web browser. Traders are provided with fast and reliable trade execution speeds. No wonder this platform has successfully presented XYB with awards such as Best Trading Platform 2016 by Online Personal Wealth Awards. Additionally, MetaTrader 4 is also available when trading in XTB.

XTB charges fees for forex, indices, and commodities trading. The amount of fees differ based on the types of accounts. For example, in Pro Accounts, traders have to pay a commission from $3.5 per lot for forex and a commission from 0.08% per lot for stock CFDs and ETF CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. When trading, clients have to prepare strategies. Based on XTB's data, 75% of retail investor accounts lose money when trading CFDs. Because of that, clients should consider their level of understanding of CFD trading and their affordability to take high risk.

Traders can increase knowledge by joining XTB's Trading Academy program. There is a vast array of content that's geared towards helping traders, including video tutorials, trading courses, articles, and much more. Traders can choose a topic from different levels of education and enhance their skills across the stages of the trading journey.

Furthermore, there are several ways to deposit funds in XTB, including bank transfer, credit cards (Mastercard, Maestro, Visa), as well as e-Wallets (Skrill, Paysafe, Neteller, and many more). But, some of these methods may incur additional charges. For example, when using Neteller methods, traders have to pay 1% of their deposited amount.

Traders can contact XTB's customer support that is available 24/7. They are ready to answer all of the traders' questions and solve the problems, whether by email, phone, or live chat.

Overall, XTB is recommended as an ideal broker with top-tier regulation and trading platforms. Its education feature is also worth joining in as many traders are still in the process of perfecting their consistency and continue to learn the dynamic change in the forex market.

 

4. FP Markets

Another no requote forex broker you might want to consider is FP Markets. This brokerage provides fast execution from an NY4 server facility. FP Markets also uses top-tier liquidity and market-leading pricing for 24/5. For scalpers and auto-trading systems, FP Markets provides Superior Virtual Private Servers (VPS).

Website
Established
2005
Leverage
1:500
Min Deposit
$100
Regulation
ASIC, CySEC, FSCA, FSA (Seychelles)
Free education
Personal manager
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Hedging
Negative balance protection
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
Skrill
Wire transfer

Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:

  • ACWI: -5.00 for long positions and -2.50 for short positions.
  • ADAUSD: -20.00 for long positions and -20.00 for short positions.
  • AGG: -5.00 for long positions and -2.50 for short positions.

 

6. FXTM

FXTM is known as a no requote forex broker due to their trading app. FXTM Trader enables clients to open and close positions in seconds, which reduces the chances of requotes. You can also access live currency rates, manage your trading accounts, and stay one step ahead of the market anytime, anywhere. This app has its own built-in trading platform technology, so you can start trading in just a few taps. FXTM Traders is available across multiple devices, which means you can open a position on your desktop and close it from your mobile.

Website
Established
2011
Leverage
1:2000
Min Deposit
$10
Regulation
FSC (Mauritius), C113012295, CySEC, 185/12, FCA, 777911, FSCA, 46614, Capital Markets Authority of Kenya, 135
Bonuses
Personal manager
Trading contests
Segregated accounts
Free education
Trading by phone
Compensation scheme
Low spread eur/usd
VPS
Affiliate program
Copy trading
Webinar
WebMoney
Skrill
Wire transfer
Neteller
QIWI
FasaPay

FXTM was initially launched in 2011 with a unique vision to provide unparalleled superior trading conditions. Opening an account in FXTM would also bring about access to advanced education and sophisticated trading tools in the forex industry.

Now, FXTM is registered under the Financial Conduct Authority of the UK with the number 600475. The company is also regulated by the Cyprus Securities and Exchange Commission with CIF license number 185/12, and is licensed by the Financial Sector Conduct Authority (FSCA) of South Africa, with FSP No. 46614

FXTM has 1 million registered accounts with more traders joining every day. The company continually tries to improve their performance and have got many awards such as Best Trading Experience 2019 by World Finance Awards, Best Online Forex Trading Company Nigeria 2018 by International Finance Awards, Reputable Investor Education Forex Broker Award 2018 by Hexun.com, Forex Brand Of The Year China 2018 by Fxeye.Com, and many more.

As a responsible broker, they determine leverage (expressed as a ratio of transaction size relative to trader's buying power) according to the trader's level of knowledge and experience in trading, which is evaluated by the Appropriateness Assessment. The company also enables trading with leverage up to 1:1000.

As for spreads, FXTM offers low spreads starting from 0.1 pip, so traders can withdraw profits at the start of trading. The company, which has headquarters in several countries, uses No Dealing Desk (NDD) technology and partners with credible liquidity providers to provide the best bid and ask prices.

For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in FXTM, traders can develop their trading strategy or adopt other traders' strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.

Three types of ECN accounts use the MT4 and MT5 trading platforms. There are also mobile and Tablet Apps trading platforms. Aside of providing many account variants, FXTM goes above and beyond to ensure that their client receives excellent support that they deserve, making their trading experience optimal and user-friendly.

FXTM also provides a diverse range of products. In addition to over 50 currency pairs, they provide gold, silver, CFD on commodity futures (oil), CFD on ETFs, and indices.

Education about the basic concepts of the forex industry is also accessible in this broker. Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the FXTM website to make it easier for traders to learn about forex.

Traders are also given various choices for payment methods, including Credit Cards (Visa, Mastercard, Maestro) and E-Wallet (Neteller, Skrill, Western Union). For withdrawing funds, traders are not charged a fee with a length of 2 hours to 2 days. Traders can live chat to ask further questions and contact the admin via email. There is also a question and answer page about forex trading on FXTM.

 

7. FBS

Over the years, FBS has proven itself as one of the best no requote forex brokers. This brokerage understands that prices can change within a second, so it feels obligated to guarantee the highest possible order execution speed. About 95% of orders in FBS are executed within 0.4 seconds. FBS accounts use market execution of orders, all of which are processed at factual market prices which reduced requotes. In FBS, orders are executed within the NDD (Non-Dealing Desk), ECN (Electronic Communication Network), and STP (Straight Through Processing) technologies directly into the system of the liquidity providers.

Website
Established
2009
Leverage
1:3000
Min Deposit
$5
Regulation
ASIC, CySEC, FSCA, Belize Financial Service Commission (FSC), FCA
Bonus offers
Trading contests
Free education
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
VPS
Education
Webinar
Low spread eur/usd
FasaPay
Neteller
Skrill
Wire transfer

Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.

FBS is regulated by FSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.

Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.

FBS spread begins from 0.5 pips for Pro account type and from 0.7 pips for Standard and Cent accounts. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.

Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading instruments: 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs.

Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.

FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.

MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.

Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of FSCing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.

Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.

Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.

Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.

In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.

 

8. Vantage

Vantage grants you access to the global forex market through top-tier FX liquidity providers. This allows you to experience super-fast trade execution and raw ECN spreads. That means, aside from reducing forex requotes, you get to spend less money on your trading cost in this broker. Vantage also offers No Dealing Desk executions and makes sure your order is 100% straight-through processing. Furthermore, as a leading brokerage in the industry, Vantage is strictly audited and keeps all client funds in a segregated trust account.

 

Conclusions

Avoiding requotes is not an easy job. Oftentimes, requotes are results of unexpected conditions such as sudden market changes or technical issues with the speed of execution instead of a broker trying to scam you. That being said, it doesn't mean a forex broker with no requote policy is lying. There are several methods to reduce requotes like having the fastest execution styles, deepest liquidity, and offering direct access to the markets. Hence, you will have a better chance of avoiding requotes if you choose between NDD, ECN, and STP brokers.