Limit Order
A limit order allows you to set the minimum or maximum price from which you desire to purchase and sell currency. This enables you to benefit from rate fluctuations beyond trading hours and wait to your desired rate.
Limit Orders are ideal for clients who have the next payment to create but who still have time to achieve a better exchange rate compared to the current spot price before the payment has to be settled.
N.B. when putting a what is stop order and limit order there is a contractual obligation for you to honour the agreement when we’re capable of book with the rate that you’ve specified.
Stop Order
An end order enables you to manage 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 set up a limit order that is to be automatically triggered if the market breaches your stop price and Indigo will purchase your currency at this price to ensure that you usually do not encounter a much worse exchange rate when you require to generate your payment.
The stop permits you to make the most of your extended time period to buy the currency hopefully with a higher rate but also protect you in the event the market would have been to oppose you.
N.B. when placing Stop order there is a contractual obligation that you can honour the agreement while we are capable to book the pace your stop order price.
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