Limit Order
An established limit order permits you to set the minimum or maximum price where you would want to purchase or sell currency. This lets you take advantage of rate fluctuations beyond trading hours and hold out for the desired rate.
Limit Orders are fantastic for clients who may have another payment to produce but who still have time for you to acquire a better exchange rate as opposed to current spot price ahead of the payment should be settled.
N.B. when putting a limit order vs stop limit you will find there’s contractual obligation that you should honour the agreement when we’re capable of book at the rate that you’ve specified.
Stop Order
An end order permits you to run a ‘worst case scenario’ and protect your bottom line if your market would have been to move against you. You’ll be able to generate a limit order that is to be automatically triggered when the market breaches your stop price and Indigo will purchase your currency at this price to actually do not encounter a good worse exchange rate when you really need to produce your payment.
The stop allows you to make the most of your extended timeframe to purchase the currency hopefully at the higher rate but in addition protect you if the market would have been to not in favor of you.
N.B. when placing Stop order you will find there’s contractual obligation so that you can honour the agreement while we are capable of book the speed at your stop order price.
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