Limit Order
An established limit order enables you to set the minimum or maximum price of which you desire to purchase and sell currency. This enables you to take advantage of rate fluctuations beyond trading hours and hold on to your desired rate.
Limit Orders are ideal for clients who may have another payment to make but who continue to have time and energy to achieve a better exchange rate compared to current spot price before the payment should be settled.
N.B. when putting a what’s a stop order you will find there’s contractual obligation that you can honour the agreement as capable of book in the rate that you have specified.
Stop Order
An end order permits you to run a ‘worst case scenario’ and protect your main point here when the market would have been to move against you. It is possible to start a limit order that will be automatically triggered when the market breaches your stop price and Indigo will purchase your currency as of this price to actually usually do not encounter an even worse exchange rate if you want to produce your payment.
The stop permits you to benefit from your extended period of time to purchase the currency hopefully at a higher rate but in addition protect you if your market would have been to go against you.
N.B. when placing a Stop order there’s a contractual obligation that you can honour the agreement when we’re in a position to book the speed for your stop order price.
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