Limit Order
A set limit order allows you to set the minimum or maximum price from which you desire to purchase and sell currency. This allows you to take advantage of rate fluctuations beyond trading hours and wait to your desired rate.
Limit Orders are fantastic for clients who have an upcoming payment to produce but who have time for you to gain a better exchange rate compared to current spot price before the payment needs to be settled.
N.B. when locating a stop order example there’s a contractual obligation that you can honour the agreement as able to book with the rate that you’ve specified.
Stop Order
A stop order enables you to chance a ‘worst case scenario’ and protect your important thing if the market was to move against you. It is possible to start a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase your currency at this price to successfully usually do not encounter an even worse exchange rate when you really need to produce your payment.
The stop enables you to take advantage of your extended timeframe to get the currency hopefully at the higher rate but also protect you if your market was to oppose you.
N.B. when putting a Stop order you will find there’s contractual obligation that you should honour the agreement while we are capable of book the speed at your stop order price.
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