Limit Order
A restriction order lets you set the minimum or maximum price at which you would like to buy or sell currency. This lets you reap the benefits of rate fluctuations beyond trading hours and wait to your desired rate.
Limit Orders are fantastic for clients that have the next payment to create but who have time and energy to acquire a better exchange rate compared to the current spot price prior to the payment needs to be settled.
N.B. when placing a stop order buy you will find there’s contractual obligation for you to honour the agreement while we are in a position to book at the rate you have specified.
Stop Order
A stop order permits you to run a ‘worst case scenario’ and protect your important thing if the market ended up being to move against you. It is possible to start a limit order that will be automatically triggered if the market breaches your stop price and Indigo will get your currency with this price to ensure that you do not encounter a good worse exchange rate when you really need to create your payment.
The stop permits you to reap the benefits of your extended time frame to purchase the currency hopefully in a higher rate but also protect you if your market was to oppose you.
N.B. when placing Stop order there’s a contractual obligation that you should honour the agreement when we’re in a position to book the speed for your stop order price.
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