Limit Order
An established limit order lets you set the minimum or maximum price of which you want to purchase and sell currency. This lets you benefit from rate fluctuations beyond trading hours and hold on for your desired rate.
Limit Orders are ideal for clients who’ve an upcoming payment to generate but who have time for it to have a better exchange rate than the current spot price prior to the payment has to be settled.
N.B. when putting a difference between limit and market order there’s a contractual obligation that you should honour the agreement as able to book at the rate that you’ve specified.
Stop Order
A stop order lets you chance a ‘worst case scenario’ and protect your main point here in the event the market was to move against you. You’ll be able to set up a limit order which will be automatically triggered in the event the market breaches your stop price and Indigo will purchase your currency as of this price to actually tend not to encounter a good worse exchange rate when you need to make your payment.
The stop lets you take advantage of your extended period of time to purchase the currency hopefully at the higher rate but also protect you if your market would have been to not in favor of you.
N.B. when placing Stop order there is a contractual obligation that you should honour the agreement if we are in a position to book the pace at the stop order price.
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