Limit Order
A limit order enables you to set the minimum or maximum price where you desire to sell or buy currency. This lets you take advantage of rate fluctuations beyond trading hours and delay for the desired rate.
Limit Orders are fantastic for clients who’ve the next payment to create but who still need time for it to acquire a better exchange rate compared to the current spot price ahead of the payment should be settled.
N.B. when locating a what’s a stop limit order there is a contractual obligation that you should honour the agreement if we are capable to book on the rate which you have specified.
Stop Order
A stop order allows you to run a ‘worst case scenario’ and protect your main point here in the event the market ended up being move against you. You can set up a limit order that will be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency at this price to ensure that you usually do not encounter a good worse exchange rate when you require to produce your payment.
The stop permits you to make the most of your extended period of time to purchase the currency hopefully at the higher rate but in addition protect you when the market was to opposed to you.
N.B. when putting a Stop order there’s a contractual obligation for you to honour the agreement as in a position to book the interest rate at the stop order price.
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