Limit Order
A restriction order permits you to set the minimum or maximum price at which you desire to buy or sell currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and wait on your desired rate.
Limit Orders are best for clients that have an upcoming payment to make but who have time to have a better exchange rate compared to current spot price prior to the payment must be settled.
N.B. when placing stop limit vs stop there is a contractual obligation that you can honour the agreement if we are capable to book in the rate that you have specified.
Stop Order
A stop order lets you chance a ‘worst case scenario’ and protect your bottom line if the market ended up being move against you. You’ll be able to generate a limit order which will be automatically triggered if your market breaches your stop price and Indigo will get your currency with this price to make sure you usually do not encounter an even worse exchange rate if you want to produce your payment.
The stop lets you reap the benefits of your extended period of time to acquire the currency hopefully with a higher rate and also protect you if the market would have been to oppose you.
N.B. when placing a Stop order there exists a contractual obligation for you to honour the agreement while we are capable to book the speed your stop order price.
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