Limit Order
A set limit order lets you set the minimum or maximum price at which you want to purchase or sell currency. This lets you benefit from rate fluctuations beyond trading hours and hold on on your desired rate.
Limit Orders are fantastic for clients who have an upcoming payment to create but who have time to achieve a better exchange rate compared to current spot price before the payment needs to be settled.
N.B. when locating a difference between limit and stop order there’s a contractual obligation for you to honour the agreement as capable of book on the rate that you’ve specified.
Stop Order
A stop order allows you to run a ‘worst case scenario’ and protect your bottom line if your market ended up being move against you. You’ll be able to generate a limit order that will be automatically triggered in the event the market breaches your stop price and Indigo will purchase your currency with this price to successfully don’t encounter a level worse exchange rate if you want to create your payment.
The stop enables you to benefit from your extended time frame to acquire the currency hopefully with a higher rate but additionally protect you when the market was to oppose you.
N.B. when placing a Stop order there is a contractual obligation so that you can honour the agreement if we are capable to book the rate for your stop order price.
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