Limit Order
A set limit order allows you to set the minimum or maximum price of which you would like to purchase or sell currency. This enables you to make the most of rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are perfect for clients who may have another payment to generate but who still have time and energy to acquire a better exchange rate compared to the current spot price prior to the payment has to be settled.
N.B. when putting a limit vs. stop order you will find there’s contractual obligation that you can honour the agreement as capable to book in the rate which you have specified.
Stop Order
A stop order enables you to manage a ‘worst case scenario’ and protect your main point here if the market ended up being move against you. You are able to start a limit order which will be automatically triggered if your market breaches your stop price and Indigo will buy your currency with this price to successfully tend not to encounter a much worse exchange rate if you want to generate your payment.
The stop enables you to reap the benefits of your extended time frame to get the currency hopefully at the higher rate but additionally protect you when the market ended up being go against you.
N.B. when putting a Stop order there is a contractual obligation that you can honour the agreement if we are capable to book the speed at your stop order price.
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