What is the Process of Re-pricing in Forex broker?

The process of re-pricing in the world of Forex means that the Forex broker you are dealing with cannot or does not want to give you the trading process based on the price at which you have selected.

This happens usually in fast markets, usually near the time of the announcement of significant news or some kind of shock to the system. In essence, you decide to buy or sell a particular currency pair at a certain price, and you press the button to do so. When the Forex broker receives this command, it may be the market move quickly prevent the execution of the order at the specified price, then re-pricing announcement appears on your platform in order to let you know that the price has moved, and gives you the opportunity to decide whether you will accept the new price, which almost always be worse than the price you requested. For this, asks Forex brokers continuously decision prior to the implementation process.

What are the causes of re-pricing in Forex?

As previously mentioned, markets usually move very quickly, but it is also possible to suddenly move faster, when the announcement of important news. This makes it very difficult for the Forex Broker to implement the demand at the price you requested, and the Forex  broker you are dealing with has his own deal broker with him, and could be the so-called "pool of liquidity" or "broker intermediary" to withdraw the request, or raising the price or refuse to recognize anything if you want it. Mediator believes that the available price is not the price you have requested, and warn you that you will get to mobilize worse than requested.

How to protect yourself from re-pricing?

It's easy to protect yourself from the re-pricing when dealing with a strong Forex broker. When you place a specific request, you learn your Forex broker that you are on hand that you place a demand at a specific price or better price. So, tell them in advance that you will not pay more than the price set for the process of Forex trading, and you're ready to cancel the trading process that is not according to these data.

Re-pricing processes are common in certain markets, and is considered part of any profession in the Forex markets. But if you show that Forex broker in the re-pricing frequently (especially during the food markets), it is likely that your broker is suffering from a lack of liquidity. In this case, it may be better to change this broker. But if any re-pricing during times of non-farm employment report, the mediator must give opportunity, where all intermediaries are exposed to a lot of pressure during this period.