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A requote occurs when a broker cannot execute your order at the price you requested and offers a new price instead, which you must accept or reject. It typically happens during high volatility, or where orders are handled manually.
You try to buy GBP/USD at 1.2650 during a news release and the broker offers 1.2658 instead. At GCC Brokers there is no requote: your order executes at the next available price, which may be better or worse, and slippage applies on the same terms in both directions.
