Forex Slang

Indicative Quote

A non-binding price quote that shows an approximate market rate but cannot be traded on directly.

Definition

An indicative quote shows an approximate market price but isn't guaranteed for execution. It gives traders an idea of current pricing without committing the market maker to trade at that level. Executable quotes are firm and tradable.

How It Works

Shows approximate current market price
Not binding - cannot execute at this price
Common during low liquidity or market closures
Firm/executable quotes are needed to trade

Trading Tips

Check if quotes are indicative or executable

Spreads may differ between indicative and firm quotes

Weekend quotes are typically indicative

Related Terms

Back to Glossary

Start Trading

Put Your Knowledge Into Practice

Compare regulated brokers and find the best one for your trading style.

Compare Brokers Browse Glossary