Re-pricing process in the world of Forex means that the broker you are dealing with can not or does not want to give you the trading process based on the price that you specify. This usually occurs usually in fast markets, close to the announcement of significant news or some kind of shock to the system times. Essentially, you decide to buy or sell a certain currency pair at a certain price, and you press the button to do so. When the broker receives this command, quickly moved to prevent the execution of the order at the price specified, then the declaration of re-pricing on your platform in order to inform you that the price may move appears, and gives you the opportunity to decide the market may be whether you will accept the new price, which It is almost always worse than the price requested. For this, and Forex Brokers continuously asks you about your decision before the implementation of the process.
What are the causes of re-pricing in the Forex?
As we mentioned earlier, the markets usually move very quickly, but it is also possible that a sudden move faster, when the announcement of important news. This makes it very difficult for a broker that executes the demand when the price you have requested, and the broker you are dealing with has its own broker dealing with, and can the so-called "pool of liquidity" or "intermediary broker" to withdraw the application, or raising the price or that refuses to acknowledge anything if you want it. Mediator sees that the price is not available is the price you have requested, and warn you that you will get a mobilization worse than asked.
How to protect yourself from the re-pricing?
It's easy to protect yourself from the re-pricing when dealing with a powerful intermediary. When you place a specific request, you learn that you and your broker on hand that you place the demand at a specific price, or better. So, tell them in advance that you will not pay more than the specified price in exchange for the trading operation in Forex, and you're ready to cancel the trading process that did not take place according to these data.
Re-pricing operations are common in certain markets, and is considered part of any profession in the Forex markets. But that shows you that your broker in Forex is to re-pricing frequently (especially during rapid market), 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 operations during times of employment report non-farm, you must give the broker an opportunity, as all brokers are exposed to a lot of pressure during this period.