Limit Order
A limit order enables you to set the minimum or maximum price from which you want to purchase or sell currency. This lets you reap the benefits of rate fluctuations beyond trading hours and hold on on your desired rate.
Limit Orders are perfect for clients who have a future payment to make but who continue to have time and energy to acquire a better exchange rate as opposed to current spot price prior to the payment must be settled.
N.B. when putting a difference between limit and stop order there is a contractual obligation that you should honour the agreement while we are able to book on the rate that you have specified.
Stop Order
An end order allows you to chance a ‘worst case scenario’ and protect your bottom line if the market ended up being to move against you. You are able to set up a limit order that’ll be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency as of this price to actually usually do not encounter a good worse exchange rate when you require to create your payment.
The stop enables you to benefit from your extended timeframe to get the currency hopefully at a higher rate but in addition protect you in the event the market ended up being to opposed to you.
N.B. when putting a Stop order there exists a contractual obligation that you can honour the agreement if we are capable of book the pace at the stop order price.
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