Limit Order
An established limit order allows you to set the minimum or maximum price at which you would want to purchase and sell currency. This allows you to make the most of rate fluctuations beyond trading hours and delay for your desired rate.
Limit Orders are best for clients who may have a future payment to make but who still have time and energy to achieve a better exchange rate than the current spot price ahead of the payment must be settled.
N.B. when locating a what is stop market order there’s a contractual obligation that you should honour the agreement when we’re in a position to book with the rate that you’ve specified.
Stop Order
An end order allows you to attempt a ‘worst case scenario’ and protect your main point here if your market ended up being to move against you. You are able to start a limit order which will be automatically triggered if the market breaches your stop price and Indigo will buy your currency only at that price to make sure you tend not to encounter a level worse exchange rate when you require to produce your payment.
The stop enables you to make the most of your extended time period to acquire the currency hopefully at the higher rate but also protect you when the market was to go against you.
N.B. when putting a Stop order there is a contractual obligation so that you can honour the agreement as able to book the rate at the stop order price.
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