Limit Order
A set limit order allows you to set the minimum or maximum price at which you want to buy or sell currency. This lets you reap the benefits of rate fluctuations beyond trading hours and delay for the desired rate.
Limit Orders are perfect for clients who have a future payment to produce but who still need time for it to achieve a better exchange rate compared to current spot price prior to payment must be settled.
N.B. when putting a stop order buy there’s a contractual obligation that you should honour the agreement as in a position to book with the rate that you have specified.
Stop Order
A stop order permits you to run a ‘worst case scenario’ and protect your bottom line in the event the market would have been to move against you. It is possible to set up a limit order that will be automatically triggered in the event the market breaches your stop price and Indigo will purchase currency only at that price to actually don’t encounter a good worse exchange rate when you require to create your payment.
The stop permits you to reap the benefits of your extended timeframe to acquire the currency hopefully at a higher rate but also protect you if your market ended up being oppose you.
N.B. when putting a Stop order you will find there’s contractual obligation that you can honour the agreement when we’re capable to book the speed for your stop order price.
More information about what is stop market order view our web site: click to read more