Limit Order
A limit order allows you to set the minimum or maximum price from which you desire to purchase and sell currency. This allows you to make the most of rate fluctuations beyond trading hours and hold on on your desired rate.
Limit Orders are ideal for clients who may have the next payment to make but who have time for you to achieve a better exchange rate as opposed to current spot price before the payment must be settled.
N.B. when placing a stop order example there exists a contractual obligation that you can honour the agreement while we are capable to book on the rate that you’ve specified.
Stop Order
A stop order lets you manage a ‘worst case scenario’ and protect your main point here if the market was to move against you. You can start a limit order that will be automatically triggered if your market breaches your stop price and Indigo will buy your currency with this price to make sure you do not encounter a much worse exchange rate when you really need to produce your payment.
The stop allows you to reap the benefits of your extended time frame to buy the currency hopefully in a higher rate but in addition protect you if your market ended up being opposed to you.
N.B. when locating a Stop order you will find there’s contractual obligation for you to honour the agreement while we are in a position to book the pace for your stop order price.
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