Limit Order
An established limit order enables you to set the minimum or maximum price of which you would want to sell or buy currency. This allows you to take advantage of rate fluctuations beyond trading hours and hold out on your desired rate.
Limit Orders are ideal for clients who have another payment to create but who still need time for it to gain a better exchange rate compared to the current spot price before the payment must be settled.
N.B. when placing a what is a stop market order there exists a contractual obligation that you can honour the agreement as in a position to book with the rate that you have specified.
Stop Order
An end order lets you attempt a ‘worst case scenario’ and protect your net profit if the market ended up being to move against you. You are able to start a limit order that’ll be automatically triggered when the market breaches your stop price and Indigo will get your currency as of this price to successfully don’t encounter an even worse exchange rate if you want to make your payment.
The stop allows you to take advantage of your extended time period to acquire the currency hopefully with a higher rate and also protect you in the event the market ended up being oppose you.
N.B. when placing Stop order there is a contractual obligation for you to honour the agreement if we are in a position to book the rate at the stop order price.
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