Limit Order
An established limit order allows you to set the minimum or maximum price at which you desire to buy or sell currency. This lets you take advantage of rate fluctuations beyond trading hours and hold out on your desired rate.
Limit Orders are best for clients who may have an upcoming payment to create but who still need time to gain a better exchange rate compared to the current spot price prior to the payment has to be settled.
N.B. when placing what’s a stop limit order you will find there’s contractual obligation that you can honour the agreement when we’re capable of book with the rate you have specified.
Stop Order
An end order enables you to chance a ‘worst case scenario’ and protect your bottom line if your market was to move against you. You are able to set up a limit order that is to be automatically triggered when the market breaches your stop price and Indigo will buy your currency with this price to actually don’t encounter a good worse exchange rate if you want to generate your payment.
The stop lets you benefit from your extended time period to purchase the currency hopefully at the higher rate and also protect you when the market ended up being to not in favor of you.
N.B. when putting a Stop order there’s a contractual obligation for you to honour the agreement while we are able to book the rate at your stop order price.
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