Limit Order
A limit order enables you to set the minimum or maximum price at which you would want to purchase or sell currency. This enables you to benefit from rate fluctuations beyond trading hours and delay on your desired rate.
Limit Orders are best for clients who have an upcoming payment to produce but who continue to have time and energy to gain a better exchange rate than the current spot price before the payment has to be settled.
N.B. when locating a difference between limit and market order there’s a contractual obligation for you to honour the agreement while we are capable of book at the rate you have specified.
Stop Order
A stop order permits you to attempt a ‘worst case scenario’ and protect your important thing in the event the market was to move against you. You’ll be able to set up a limit order that is to be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency with this price to actually tend not to encounter a good worse exchange rate when you really need to make your payment.
The stop enables you to make the most of your extended timeframe to buy the currency hopefully at the higher rate and also protect you in the event the market ended up being opposed to you.
N.B. when locating a Stop order you will find there’s contractual obligation that you can honour the agreement while we are capable of book the speed at the stop order price.
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