Limit Order
A limit order lets you set the minimum or maximum price from which you want to purchase and sell currency. This allows you to benefit from rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are ideal for clients who’ve an upcoming payment to make but who still have time for you to have a better exchange rate compared to current spot price ahead of the payment should be settled.
N.B. when putting a what is stop market order there is a contractual obligation that you should honour the agreement while we are capable of book at the rate that you’ve specified.
Stop Order
A stop order permits you to chance a ‘worst case scenario’ and protect your bottom line if your market ended up being to move against you. You are able to start a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase currency as of this price to make sure you don’t encounter an even worse exchange rate when you need to make your payment.
The stop lets you reap the benefits of your extended timeframe to acquire the currency hopefully at the higher rate but also protect you in the event the market ended up being opposed to you.
N.B. when placing a Stop order there exists a contractual obligation that you can honour the agreement when we’re in a position to book the pace your stop order price.
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