Limit Order
An established limit order permits you to set the minimum or maximum price at which you would like to purchase and sell currency. This allows you to take advantage of rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are perfect for clients who’ve the next payment to produce but who have time and energy to acquire a better exchange rate compared to the current spot price before the payment needs to be settled.
N.B. when placing a what’s a stop order there’s a contractual obligation that you should honour the agreement while we are able to book with the rate that you have specified.
Stop Order
An end order permits you to chance a ‘worst case scenario’ and protect your important thing if your market would have been to move against you. You’ll be able to create a limit order that’ll be automatically triggered when the market breaches your stop price and Indigo will buy your currency with this price to successfully tend not to encounter a level worse exchange rate when you require to make your payment.
The stop enables you to benefit from your extended timeframe to purchase the currency hopefully in a higher rate but in addition protect you if your market ended up being to oppose you.
N.B. when placing a Stop order you will find there’s contractual obligation that you can honour the agreement when we’re in a position to book the speed at the stop order price.
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