Requote in gold trading
A requote is when the platform rejects your gold order at the requested price and offers a new one, which happens on instant-execution accounts in fast markets.
Also called Re-quote, Price changed, Off quotes
A requote occurs when you send an order at a displayed price, the price has moved by the time the order arrives, and the platform returns a new price for you to accept or decline. It is a feature of instant (dealing-desk) execution; market-execution accounts fill at the next available price with slippage instead.
How it applies to gold trading
Gold can move several dollars in a second around data and session opens, so requotes cluster at those times. Each requote costs time: by the time you accept, the price may have moved again. Some platforms let you set a maximum deviation, in points, that you accept without a requote; set it too small and you are requoted constantly, too large and you accept large slippage.
A related message is “off quotes,” which means no price was available at that moment, common at the Sunday open or during the daily break.
Worked example
Example (hypothetical numbers): during an NFP release you click buy at 4,010.20. The platform responds with a requote at 4,012.80. Accepting costs $2.60 × 100 = $260 more per lot than you expected. Declining and waiting may cost more or less, depending on where gold goes next.
A common mistake
Clicking accept repeatedly on a chain of requotes during a spike, chasing price far beyond the plan. If the entry has moved, the trade’s risk-reward has changed too.
See also: Slippage, Market order, News spike, Fixed and variable spread.
Frequently asked questions
Why do I get requotes on gold?
Your account uses instant execution and the price moved before the order was processed. It happens most around news and in thin hours.
Is a requote better than slippage?
Neither is free. A requote lets you refuse the new price; slippage fills immediately at the new price. Which suits you depends on whether speed or price control matters more.