Limit Order
A set limit order allows you to set the minimum or maximum price at which you want to purchase or sell currency. This lets you make the most of rate fluctuations beyond trading hours and wait to your desired rate.
Limit Orders are ideal for clients that have an upcoming payment to generate but who have time and energy to achieve a better exchange rate compared to the current spot price prior to payment should be settled.
N.B. when placing a limit order example there exists a contractual obligation that you should honour the agreement while we are capable to book with the rate that you have specified.
Stop Order
An end order permits you to chance a ‘worst case scenario’ and protect your net profit if the market would have been to move against you. You’ll be able to start a limit order that will be automatically triggered if the market breaches your stop price and Indigo will purchase your currency with this price to make sure you don’t encounter a level worse exchange rate when you require to generate your payment.
The stop permits you to reap the benefits 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 placing Stop order there is a contractual obligation that you should honour the agreement when we’re capable of book the rate at the stop order price.
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