Limit Order
A limit order lets you set the minimum or maximum price where you desire to purchase and sell currency. This allows you to benefit from rate fluctuations beyond trading hours and hold on to your desired rate.
Limit Orders are best for clients who have the next payment to produce but who have time for you to achieve a better exchange rate as opposed to current spot price before the payment should be settled.
N.B. when locating a what’s a stop limit order you will find there’s contractual obligation that you can honour the agreement when we’re capable of book on the rate which you have specified.
Stop Order
A stop order allows you to run a ‘worst case scenario’ and protect your net profit if your market would have been to move against you. You’ll be able to set up a limit order that’ll be automatically triggered when the market breaches your stop price and Indigo will buy your currency only at that price to make sure you usually do not encounter an even worse exchange rate when you really need to create your payment.
The stop enables you to benefit from your extended timeframe to purchase the currency hopefully at a higher rate but additionally protect you if your market was to oppose you.
N.B. when putting a Stop order there exists a contractual obligation that you should honour the agreement while we are able to book the interest rate for your stop order price.
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