Limit Order
A set limit order permits you to set the minimum or maximum price of which you desire to purchase and sell currency. This lets you reap the benefits of rate fluctuations beyond trading hours and wait for the desired rate.
Limit Orders are ideal for clients who’ve another payment to generate but who continue to have time and energy to achieve a better exchange rate as opposed to current spot price prior to payment should be settled.
N.B. when placing a difference between limit and market order there is a contractual obligation that you can honour the agreement while we are in a position to book on the rate which you have specified.
Stop Order
An end order enables you to chance a ‘worst case scenario’ and protect your important thing in the event the market would have been to move against you. You are able to generate a limit order that’ll be automatically triggered if the market breaches your stop price and Indigo will purchase your currency only at that price to actually don’t encounter a level worse exchange rate when you really need to produce your payment.
The stop permits you to benefit from your extended time frame to acquire the currency hopefully at the higher rate but additionally protect you if the market ended up being to oppose you.
N.B. when placing Stop order there’s a contractual obligation so that you can honour the agreement when we’re in a position to book the rate at your stop order price.
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