Limit Order
A restriction order allows you to set the minimum or maximum price at which you want to purchase and sell currency. This lets you take advantage of rate fluctuations beyond trading hours and wait on your desired rate.
Limit Orders are best for clients that have the next payment to create but who still have time and energy to have a better exchange rate compared to the current spot price ahead of the payment must be settled.
N.B. when placing difference between limit and stop order there’s a contractual obligation for you to honour the agreement when we’re able to book in the rate which you have specified.
Stop Order
A stop order allows you to attempt a ‘worst case scenario’ and protect your important thing if the market ended up being to 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 buy your currency with this price to ensure that you tend not to encounter a good worse exchange rate when you require to produce your payment.
The stop lets you reap the benefits of your extended period of time to get the currency hopefully at the higher rate and also protect you when the market ended up being to oppose you.
N.B. when putting a Stop order there exists a contractual obligation that you can honour the agreement if we are able to book the pace your stop order price.
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