Limit Order
A set limit order permits you to set the minimum or maximum price where you would want to purchase and sell currency. This allows you to benefit from rate fluctuations beyond trading hours and hold out to your desired rate.
Limit Orders are best for clients that have the next payment to generate but who still have time for you to acquire a better exchange rate compared to current spot price ahead of the payment has to be settled.
N.B. when placing a what’s a stop limit order there’s a contractual obligation that you can honour the agreement if we are capable to book with the rate which you have specified.
Stop Order
A stop order permits you to chance a ‘worst case scenario’ and protect your important thing in the event the market ended up being move against you. You’ll be able to start a limit order that is to be automatically triggered if your market breaches your stop price and Indigo will buy your currency at this price to successfully do not encounter a level worse exchange rate when you really need to make your payment.
The stop lets you benefit from your extended period of time to buy the currency hopefully at a higher rate but in addition protect you if your market ended up being to go against you.
N.B. when placing Stop order you will find there’s contractual obligation for you to honour the agreement if we are capable to book the speed your stop order price.
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