Limit Order
An established limit order allows you to set the minimum or maximum price where you want to sell or buy currency. This allows you to make the most of rate fluctuations beyond trading hours and wait for your desired rate.
Limit Orders are fantastic for clients who may have an upcoming payment to create but who still have time and energy to gain a better exchange rate compared to current spot price prior to payment should be settled.
N.B. when putting a difference between limit and stop orders there exists a contractual obligation for you to honour the agreement when we’re able to book with the rate which you have specified.
Stop Order
A stop order lets you attempt a ‘worst case scenario’ and protect your bottom line if your market was 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 currency with this price to successfully don’t encounter a good worse exchange rate if you want to produce your payment.
The stop lets you reap the benefits of your extended time period to get the currency hopefully with a higher rate but additionally protect you if your market ended up being not in favor of you.
N.B. when placing Stop order there’s a contractual obligation so that you can honour the agreement if we are capable to book the rate at the stop order price.
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