If you have been trading for a couple years you have probably come across a broker that does re-quotes. I have and I refuse to trade with a broker that does not accept my order. After all they are the one giving me the quote. It just gives me a feeling of the manipulation that is occuring and I need as much to go in my favor as possible. Re-quotes do not bode in a trader's favor in my opinion.
I have never had a re-quote from Oanda in the 7+ years I have traded through them. One of the reasons that Oanda is my favorite broker and I send 95% of all trades through them each month. I have an account with InterbankFx and although I do not trade through them very much I did received a re-quote the other day. I had been thinking of switching that fx account to someone else and now I am definitely closing the account and moving my funds elsewhere. I should also mention that FxSolutions(fxsol.com) gave me tons of re-quotes years ago so I bailed on them too. I do not know if they still participate in this practice but they did for me and that is why I will never use them again.
I'm in the process of switching all my fx accounts under the LLC I created so now is a good time to move things around. I've opened an account at Forex.com. One of the main reasons I chose Forex.com is because they have conditional orders. Specifically I have a strategy that when in profit by 25 or so pips I need to automatically change my stop loss to break-even. Foxex.com is the only broker that does this conditional type order on a server-side basis.
Moral of the story, be picky of who you choose to be your broker. After all it is your money and as traders we need to demand best practices. In addition, if the broker is not going to act in a manner that is suitable we need to let the world know. That is my opinion!
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