Limit Order
A limit order enables you to set the minimum or maximum price of which you would like to purchase or sell currency. This enables you to benefit from rate fluctuations beyond trading hours and hold out for your desired rate.
Limit Orders are best for clients who have a future payment to create but who have time and energy to acquire a better exchange rate compared to the current spot price prior to payment should be settled.
N.B. when locating a difference between limit and stop order you will find there’s contractual obligation for you to honour the agreement while we are in a position to book in the rate that you have specified.
Stop Order
An end order lets you manage a ‘worst case scenario’ and protect your main point here if your market ended up being move against you. You’ll be able to create a limit order that’ll be automatically triggered if the market breaches your stop price and Indigo will purchase your currency as of this price to successfully do not encounter an even worse exchange rate if you want to make your payment.
The stop permits you to make the most of your extended period of time to buy the currency hopefully at the higher rate but also protect you if your market ended up being to not in favor of you.
N.B. when locating a Stop order you will find there’s contractual obligation that you can honour the agreement when we’re capable to book the interest rate at your stop order price.
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