Limit Order
An established limit order lets you set the minimum or maximum price from which you would want to buy or sell currency. This lets you benefit from rate fluctuations beyond trading hours and wait on your desired rate.
Limit Orders are fantastic for clients who may have the next payment to produce but who still need time for you to have a better exchange rate as opposed to current spot price before the payment needs to be settled.
N.B. when putting a limit and market order there exists a contractual obligation that you can honour the agreement as capable of book at the rate that you’ve specified.
Stop Order
A stop order lets you manage a ‘worst case scenario’ and protect your important thing when the market was to move against you. You can generate a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will buy your currency at this price to ensure that you do not encounter a much worse exchange rate if you want to produce your payment.
The stop enables you to benefit from your extended period of time to buy the currency hopefully in a higher rate but additionally protect you when the market was to go against you.
N.B. when locating a Stop order there exists a contractual obligation that you should honour the agreement if we are capable of book the speed at the stop order price.
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