Limit Order
A limit order permits you to set the minimum or maximum price from which you would like to buy or sell currency. This enables you to take advantage of rate fluctuations beyond trading hours and wait for your desired rate.
Limit Orders are ideal for clients that have a future payment to make but who have time and energy to gain a better exchange rate compared to the current spot price ahead of the payment needs to be settled.
N.B. when locating a difference between limit and stop order you will find there’s contractual obligation that you should honour the agreement if we are capable of book at the rate you have specified.
Stop Order
An end order enables you to chance a ‘worst case scenario’ and protect your important thing if your market was to move against you. You are able to set up a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will purchase currency only at that price to actually don’t encounter a level worse exchange rate if you want to produce your payment.
The stop allows you to take advantage of your extended time frame to get the currency hopefully with a higher rate but in addition protect you in the event the market ended up being to not in favor of you.
N.B. when locating a Stop order there’s a contractual obligation that you can honour the agreement while we are capable to book the speed for your stop order price.
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