Limit Order
A restriction order enables you to set the minimum or maximum price where you would like to sell or buy currency. This allows you to benefit from rate fluctuations beyond trading hours and delay for your desired rate.
Limit Orders are fantastic for clients who’ve the next payment to create but who continue to have time for it to acquire a better exchange rate compared to the current spot price before the payment has to be settled.
N.B. when placing what’s a stop order there’s a contractual obligation for you to honour the agreement while we are capable to book in the rate that you’ve specified.
Stop Order
A stop order lets you chance a ‘worst case scenario’ and protect your bottom line if your market was to move against you. It is possible to generate a limit order that’ll be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency as of this price to actually do not encounter a good worse exchange rate if you want to create your payment.
The stop allows you to take advantage of your extended timeframe to acquire the currency hopefully at the higher rate but also protect you if your market ended up being oppose you.
N.B. when locating a Stop order there’s a contractual obligation for you to honour the agreement if we are capable to book the pace at the stop order price.
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