Limit Order
An established limit order enables you to set the minimum or maximum price where you would like to purchase and sell currency. This allows you to benefit from rate fluctuations beyond trading hours and hold on for your desired rate.
Limit Orders are perfect for clients who may have another payment to make but who still have time for it to have a better exchange rate compared to current spot price prior to payment must be settled.
N.B. when locating a limit order example there is a contractual obligation that you can honour the agreement when we’re capable to book with the rate that you’ve specified.
Stop Order
An end order enables you to attempt a ‘worst case scenario’ and protect your important thing in the event the market was to move against you. You are able to set up a limit order that will be automatically triggered if your market breaches your stop price and Indigo will purchase your currency with this price to actually usually do not encounter a much worse exchange rate when you need to make your payment.
The stop permits you to make the most of your extended time period to buy the currency hopefully with a higher rate but in addition protect you when the market would have been to oppose you.
N.B. when putting a Stop order there is a contractual obligation for you to honour the agreement if we are capable to book the speed your stop order price.
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