Limit Order
An established limit order enables you to set the minimum or maximum price of which you desire to buy or sell currency. This allows you to make the most of rate fluctuations beyond trading hours and wait for the desired rate.
Limit Orders are best for clients that have another payment to produce but who have time for it to gain a better exchange rate as opposed to current spot price ahead of the payment must be settled.
N.B. when placing a difference between limit and stop orders there exists a contractual obligation for you to honour the agreement if we are in a position to book in the rate which you have specified.
Stop Order
An end order permits you to attempt a ‘worst case scenario’ and protect your main point here in the event the market ended up being move against you. You’ll be able to start a limit order that will be automatically triggered when the market breaches your stop price and Indigo will purchase currency only at that price to ensure that you don’t encounter a much worse exchange rate if you want to create your payment.
The stop enables you to reap the benefits of your extended period of time to purchase the currency hopefully at the higher rate but also protect you if your market ended up being to not in favor of you.
N.B. when placing a Stop order you will find there’s contractual obligation that you can honour the agreement while we are able to book the speed for your stop order price.
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