Limit Order
An established limit order permits you to set the minimum or maximum price at which you want to purchase or sell currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are best for clients that have the next payment to produce but who still have time to gain a better exchange rate than the current spot price prior to the payment must be settled.
N.B. when putting a different types of stock orders there is a contractual obligation so that you can honour the agreement as able to book on the rate you have specified.
Stop Order
A stop order lets you attempt a ‘worst case scenario’ and protect your bottom line when the market would have been to move against you. It is possible to set up a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will purchase currency with this price to actually usually do not encounter a much worse exchange rate when you need to produce your payment.
The stop lets you take advantage of your extended period of time to acquire the currency hopefully in a higher rate but additionally protect you if your market ended up being not in favor of you.
N.B. when putting a Stop order there is a contractual obligation for you to honour the agreement while we are capable to book the rate at your stop order price.
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