Limit Order
A restriction order permits you to set the minimum or maximum price of which you want to buy or sell currency. This lets you make the most of rate fluctuations beyond trading hours and hold on for your desired rate.
Limit Orders are best for clients who’ve a future payment to create but who have time to acquire a better exchange rate compared to current spot price prior to the payment should be settled.
N.B. when locating a what is stop order and limit order you will find there’s contractual obligation for you to honour the agreement as capable to book on the rate you have specified.
Stop Order
A stop order permits you to attempt a ‘worst case scenario’ and protect your important thing if your market would have been to move against you. You’ll be able to generate a limit order that’ll be automatically triggered if the market breaches your stop price and Indigo will purchase your currency at this price to successfully usually do not encounter a much worse exchange rate when you require to generate your payment.
The stop enables you to reap the benefits of your extended timeframe to purchase the currency hopefully with a higher rate and also protect you in the event the market ended up being go against you.
N.B. when locating a Stop order you will find there’s contractual obligation that you can honour the agreement as capable of book the interest rate for your stop order price.
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