Limit Order
An established limit order enables you to set the minimum or maximum price from which you desire to purchase and sell currency. This enables you to take advantage of rate fluctuations beyond trading hours and hold on for your desired rate.
Limit Orders are ideal for clients who may have another payment to produce but who continue to have time for it to acquire a better exchange rate as opposed to current spot price ahead of the payment should be settled.
N.B. when locating a what’s a stop limit order there’s a contractual obligation for you to honour the agreement if we are capable to book at the rate which you have specified.
Stop Order
An end order enables you to run a ‘worst case scenario’ and protect your important thing if your market would have been to move against you. You can set up a limit order that will be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency with this price to actually usually do not encounter a good worse exchange rate when you need to produce your payment.
The stop allows you to benefit from your extended time period to acquire the currency hopefully in a higher rate but also protect you if the market ended up being to go against you.
N.B. when putting a Stop order there’s a contractual obligation that you should honour the agreement as capable to book the speed for your stop order price.
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