Limit Order
A set limit order permits you to set the minimum or maximum price where you would like to purchase and sell currency. This allows you to reap the benefits of rate fluctuations beyond trading hours and hold out for your desired rate.
Limit Orders are perfect for clients who have an upcoming payment to make but who have time to acquire a better exchange rate compared to current spot price before the payment should be settled.
N.B. when placing a what is a sell limit order there is a contractual obligation so that you can honour the agreement if we are in a position to book at the rate you have specified.
Stop Order
An end order lets you chance a ‘worst case scenario’ and protect your important thing when the market was to move against you. You are able to create a limit order which will be automatically triggered if the market breaches your stop price and Indigo will purchase your currency at this price to make sure you don’t encounter a level worse exchange rate when you really need to make your payment.
The stop enables you to make the most of your extended time frame to purchase the currency hopefully with a higher rate but also protect you when the market ended up being opposed to you.
N.B. when putting a Stop order there exists a contractual obligation for you to honour the agreement while we are capable of book the rate for your stop order price.
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