Limit Order
An established limit order lets you set the minimum or maximum price of which you want to purchase and sell currency. This allows you to reap the benefits of rate fluctuations beyond trading hours and hold out for your desired rate.
Limit Orders are ideal for clients who’ve the next payment to create but who have time for you to achieve a better exchange rate than the current spot price prior to payment should be settled.
N.B. when placing limit stop order there’s a contractual obligation so that you can honour the agreement while we are in a position to book on the rate that you’ve specified.
Stop Order
A stop order permits you to attempt a ‘worst case scenario’ and protect your main point here in the event the market was to move against you. You are able to set up a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase your currency only at that price to actually don’t encounter a much worse exchange rate when you really need to produce your payment.
The stop permits you to take advantage of your extended timeframe to purchase the currency hopefully at a higher rate but in addition protect you when the market was to oppose you.
N.B. when placing a Stop order there exists a contractual obligation for you to honour the agreement when we’re able to book the speed at your stop order price.
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