Limit Order
A restriction order enables you to set the minimum or maximum price where you would want to sell or buy currency. This enables you to take advantage of rate fluctuations beyond trading hours and delay for the desired rate.
Limit Orders are perfect for clients that have another payment to generate but who continue to have time for it to have a better exchange rate compared to the current spot price prior to the payment should be settled.
N.B. when putting a limit and market order there exists a contractual obligation so that you can honour the agreement while we are able to book at the rate that you have specified.
Stop Order
An end order lets you manage a ‘worst case scenario’ and protect your bottom line if your market would have been to move against you. You can generate a limit order that is to be automatically triggered in the event the market breaches your stop price and Indigo will purchase currency as of this price to ensure that you do not encounter a much worse exchange rate if you want to make your payment.
The stop enables you to make the most of your extended time frame to purchase the currency hopefully with a higher rate but also protect you when the market ended up being to opposed to you.
N.B. when locating a Stop order there exists a contractual obligation that you can honour the agreement if we are capable to book the interest rate at your stop order price.
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