Limit Order
A limit order permits you to set the minimum or maximum price at which you would want to buy or sell currency. This allows you to make the most of rate fluctuations beyond trading hours and hold out for the desired rate.
Limit Orders are perfect for clients who’ve another payment to produce but who still need time for it to have a better exchange rate compared to current spot price ahead of the payment needs to be settled.
N.B. when locating a limit vs stop order there’s a contractual obligation that you can honour the agreement if we are capable to book in the rate which you have specified.
Stop Order
An end order permits you to manage a ‘worst case scenario’ and protect your bottom line when the market ended up being to move against you. You are able to generate a limit order that will be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency as of this price to actually don’t encounter a much worse exchange rate when you require to make your payment.
The stop lets you benefit from your extended time period to purchase the currency hopefully at the higher rate and also protect you when the market ended up being to not in favor of you.
N.B. when putting a Stop order you will find there’s contractual obligation that you can honour the agreement if we are able to book the pace for your stop order price.
For additional information about what is a sell limit order just go to our new web site: click for info