Limit Order
A restriction order allows you to set the minimum or maximum price at which you want to sell or buy currency. This lets you make the most of rate fluctuations beyond trading hours and hold on for your desired rate.
Limit Orders are fantastic for clients who’ve an upcoming payment to create but who have time for you to acquire a better exchange rate compared to the current spot price before the payment should be settled.
N.B. when locating a difference between market and limit order there exists a contractual obligation so that you can honour the agreement when we’re in a position to book on the rate that you have specified.
Stop Order
An end order enables you to attempt a ‘worst case scenario’ and protect your bottom line if the market ended up being move against you. It is possible to set up a limit order which will be automatically triggered if your market breaches your stop price and Indigo will purchase currency as of this price to successfully usually do not encounter a level worse exchange rate when you really need to create your payment.
The stop allows you to benefit from your extended period of time to acquire the currency hopefully at a higher rate and also protect you if your market would have been to oppose you.
N.B. when placing Stop order there exists a contractual obligation that you should honour the agreement when we’re capable to book the pace your stop order price.
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