Limit Order
A set limit order lets you set the minimum or maximum price from which you would like to sell or buy currency. This allows you to benefit from rate fluctuations beyond trading hours and hold out for the desired rate.
Limit Orders are ideal for clients who have an upcoming payment to create but who continue to have time and energy to achieve a better exchange rate compared to current spot price before the payment must be settled.
N.B. when placing a stop limit order definition you will find there’s contractual obligation that you can honour the agreement if we are capable to book at the rate that you’ve specified.
Stop Order
A stop order enables you to chance a ‘worst case scenario’ and protect your important thing if your market would have been to move against you. You can start a limit order which will be automatically triggered if the market breaches your stop price and Indigo will purchase currency with this price to successfully tend not to encounter a level worse exchange rate when you need to create your payment.
The stop enables you to make the most of your extended time frame to get the currency hopefully with a higher rate but also protect you if the market ended up being opposed to you.
N.B. when putting a Stop order there exists a contractual obligation that you can honour the agreement if we are in a position to book the interest rate your stop order price.
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