Limit Order
A limit order allows you to set the minimum or maximum price from which you would want to purchase or sell currency. This enables you to take advantage of rate fluctuations beyond trading hours and wait for the desired rate.
Limit Orders are perfect for clients who have another payment to create but who still have time for you to have a better exchange rate compared to current spot price prior to the payment must be settled.
N.B. when placing stop order buy there exists a contractual obligation that you can honour the agreement if we are capable of book at the rate which you have specified.
Stop Order
An end order lets you run a ‘worst case scenario’ and protect your bottom line in the event the market would have been to move against you. You’ll be able to set up a limit order which will be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency with this price to make sure you don’t encounter a level worse exchange rate when you really need to make your payment.
The stop allows you to make the most of your extended time frame to purchase the currency hopefully with a higher rate but additionally protect you if your market was to go against you.
N.B. when placing a Stop order you will find there’s contractual obligation for you to honour the agreement if we are able to book the pace for your stop order price.
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