Limit Order
A restriction order allows you to set the minimum or maximum price from which you would like to buy or sell currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and delay for your desired rate.
Limit Orders are ideal for clients who may have another payment to generate but who continue to have time for it to have a better exchange rate compared to the current spot price prior to payment needs to be settled.
N.B. when placing what is limit order to buy there is a contractual obligation for you to honour the agreement while we are capable of book at the rate you have specified.
Stop Order
A stop order enables you to attempt a ‘worst case scenario’ and protect your net profit if the market would have been to move against you. You’ll be able to set up a limit order that will be automatically triggered if your market breaches your stop price and Indigo will purchase currency only at that price to successfully tend not to encounter a level worse exchange rate when you require to generate your payment.
The stop allows you to take advantage of your extended time period to acquire the currency hopefully at a higher rate and also protect you when the market ended up being opposed to you.
N.B. when locating a Stop order there exists a contractual obligation so that you can honour the agreement if we are capable of book the pace your stop order price.
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