Limit Order
A set limit order permits you to set the minimum or maximum price at which you would like to buy or sell currency. This allows you to make the most of rate fluctuations beyond trading hours and hold out to your desired rate.
Limit Orders are ideal for clients who have a future payment to create but who continue to have time for it to achieve a better exchange rate compared to current spot price prior to the payment has to be settled.
N.B. when putting a limit order example there’s a contractual obligation for you to honour the agreement as capable of book on the rate which you have specified.
Stop Order
A stop order enables you to manage a ‘worst case scenario’ and protect your important thing if the market ended up being move against you. It is possible to create a limit order which will be automatically triggered in the event the market breaches your stop price and Indigo will get your currency with this price to make sure you do not encounter an even worse exchange rate when you need to make your payment.
The stop lets you make the most of your extended time period to purchase the currency hopefully in a higher rate but in addition protect you if the market ended up being go against you.
N.B. when placing Stop order you will find there’s contractual obligation so that you can honour the agreement if we are capable of book the interest rate for your stop order price.
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