Limit Order
A limit order lets you set the minimum or maximum price from which you want to sell or buy currency. This enables you to benefit from rate fluctuations beyond trading hours and wait on your desired rate.
Limit Orders are ideal for clients who have another payment to make but who have time and energy to acquire a better exchange rate than the current spot price prior to the payment has to be settled.
N.B. when putting a limit stop order there is a contractual obligation so that you can honour the agreement as capable of book on the rate that you’ve specified.
Stop Order
A stop order lets you manage a ‘worst case scenario’ and protect your important thing in the event the market ended up being move against you. It is possible to set up a limit order that is to be automatically triggered if your market breaches your stop price and Indigo will get your currency at this price to make sure you tend not to encounter a good worse exchange rate when you need to generate your payment.
The stop lets you reap the benefits of your extended period of time to purchase the currency hopefully at a higher rate but in addition protect you when the market ended up being to go against you.
N.B. when placing Stop order there’s a contractual obligation so that you can honour the agreement while we are in a position to book the pace at your stop order price.
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