Limit Order
A limit order lets you set the minimum or maximum price where you desire to sell or buy currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and wait for the desired rate.
Limit Orders are best for clients who may have the next payment to create but who continue to have time for you to have a better exchange rate than the current spot price prior to payment should be settled.
N.B. when placing what is limit order to buy there’s a contractual obligation for you to honour the agreement while we are able to book with the rate that you’ve specified.
Stop Order
An end order lets you attempt a ‘worst case scenario’ and protect your bottom line in the event the market ended up being to move against you. You can set up a limit order that will be automatically triggered when the market breaches your stop price and Indigo will get your currency at this price to make sure you don’t encounter an even worse exchange rate when you require to create your payment.
The stop enables you to reap the benefits of your extended time period to acquire the currency hopefully at the higher rate but in addition protect you when the market was to opposed to you.
N.B. when placing a Stop order there is a contractual obligation for you to honour the agreement as capable to book the rate at your stop order price.
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