Limit Order
A limit order allows you to set the minimum or maximum price of which you would like to purchase or sell currency. This lets you make the most of rate fluctuations beyond trading hours and hold on to your desired rate.
Limit Orders are ideal for clients who have another payment to create but who have time for it to gain a better exchange rate compared to current spot price ahead of the payment should be settled.
N.B. when locating a what is a sell limit order there’s a contractual obligation that you can honour the agreement if we are in a position to book on the rate you have specified.
Stop Order
A stop order allows you to attempt a ‘worst case scenario’ and protect your main point here when the market was to move against you. You can generate a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will buy your currency at this price to make sure you do not encounter an even worse exchange rate when you require to make your payment.
The stop allows you to reap the benefits of your extended timeframe to purchase the currency hopefully in a higher rate but also protect you when the market ended up being oppose you.
N.B. when locating a Stop order you will find there’s contractual obligation that you should honour the agreement if we are in a position to book the speed your stop order price.
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