Limit Order
An established limit order lets you set the minimum or maximum price at which you want to purchase and sell currency. This lets you reap the benefits of rate fluctuations beyond trading hours and delay on your desired rate.
Limit Orders are ideal for clients who have the next payment to produce but who continue to have time for it to gain a better exchange rate compared to the current spot price before the payment needs to be settled.
N.B. when placing stop limit buy order you will find there’s contractual obligation that you can honour the agreement as capable to book in the rate that you have specified.
Stop Order
A stop order permits you to run a ‘worst case scenario’ and protect your main point here when the market was to move against you. You can generate a limit order which will be automatically triggered when the market breaches your stop price and Indigo will buy your currency with this price to successfully tend not to encounter a good worse exchange rate when you require to generate your payment.
The stop allows you to reap the benefits of your extended timeframe to purchase the currency hopefully in a higher rate but additionally protect you if your market would have been to not in favor of you.
N.B. when locating a Stop order there’s a contractual obligation that you should honour the agreement while we are in a position to book the interest rate your stop order price.
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