Limit Order
A restriction order enables you to set the minimum or maximum price where you want to purchase and sell currency. This enables you to benefit from rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are best for clients who have the next payment to generate but who continue to have time for it to gain a better exchange rate than the current spot price before the payment needs to be settled.
N.B. when placing difference between stop loss and stop limit order there is a contractual obligation so that you can honour the agreement if we are able to book in the rate which you have specified.
Stop Order
A stop order enables you to run a ‘worst case scenario’ and protect your net profit if your market ended up being move against you. You are able to start a limit order that will be automatically triggered if the market breaches your stop price and Indigo will buy your currency only at that price to actually usually do not encounter a much worse exchange rate if you want to make 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 to not in favor of you.
N.B. when placing a Stop order there exists a contractual obligation that you should honour the agreement while we are capable to book the rate at your stop order price.
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