Limit Order
An established limit order lets you set the minimum or maximum price at which you desire to purchase or sell currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are ideal for clients that have an upcoming payment to generate but who still have time for it to gain a better exchange rate as opposed to current spot price before the payment should be settled.
N.B. when placing difference between market and limit order you will find there’s contractual obligation that you can honour the agreement when we’re in a position to book at the rate you have specified.
Stop Order
An end order enables you to manage a ‘worst case scenario’ and protect your important thing if your market was to move against you. You are able to generate a limit order that is to be automatically triggered if the market breaches your stop price and Indigo will purchase currency with this price to ensure that you tend not to encounter an even worse exchange rate when you require to produce your payment.
The stop lets you take advantage of your extended time frame to get the currency hopefully in a higher rate but in addition protect you if your market ended up being to opposed to you.
N.B. when placing a Stop order you will find there’s contractual obligation that you should honour the agreement while we are capable of book the interest rate for your stop order price.
For details about stop limit buy order browse this useful resource: this site