Limit Order

A limit order lets you set the minimum or maximum price at which you desire to buy or 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 fantastic for clients who may have an upcoming payment to create but who have time for it to acquire a better exchange rate as opposed to current spot price prior to the payment should be settled.

N.B. when placing a what is limit order to buy there exists a contractual obligation for you to honour the agreement while we are capable of book at the rate which you have specified.
Stop Order

A stop order lets you manage a ‘worst case scenario’ and protect your main point here if the market was to move against you. You’ll be able to start a limit order that will be automatically triggered if the market breaches your stop price and Indigo will buy your currency with this price to make sure you usually do not encounter a level worse exchange rate when you really need to create your payment.

The stop lets you take advantage of your extended time period to buy the currency hopefully in a higher rate but in addition protect you if your market ended up being opposed to you.

N.B. when placing Stop order there is a contractual obligation that you should honour the agreement as capable of book the rate your stop order price.
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