Limit Order
A restriction order permits you to set the minimum or maximum price of which you would like to sell or buy currency. This allows you to benefit from rate fluctuations beyond trading hours and hold on for the desired rate.
Limit Orders are ideal for clients who have a future payment to create but who continue to have time to have a better exchange rate compared to the current spot price ahead of the payment needs to be settled.
N.B. when locating a difference between market and limit order there’s a contractual obligation for you to honour the agreement while we are able to book on the rate that you have specified.
Stop Order
An end order permits you to run a ‘worst case scenario’ and protect your net profit in the event the market ended up being to move against you. You’ll be able to generate a limit order that is to be automatically triggered in the event the market breaches your stop price and Indigo will purchase your currency at this price to successfully tend not to encounter an even worse exchange rate if you want to generate your payment.
The stop enables you to take advantage of your extended time period to get the currency hopefully in a higher rate and also protect you if your market was to opposed to you.
N.B. when putting a Stop order there’s a contractual obligation for you to honour the agreement if we are able to book the pace at your stop order price.
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