Limit Order
A restriction order permits you to set the minimum or maximum price from which you desire to purchase and sell currency. This lets you benefit from rate fluctuations beyond trading hours and hold out for your desired rate.
Limit Orders are best for clients who have the next payment to generate but who still need time for it to gain a better exchange rate compared to current spot price before the payment has to be settled.
N.B. when putting a stop limit buy order there is a contractual obligation that you can honour the agreement as capable of book on the rate which you have specified.
Stop Order
An end order lets you run a ‘worst case scenario’ and protect your important thing when the market would have been to move against you. It is possible to start a limit order which will be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency only at that price to actually don’t encounter a much worse exchange rate when you really need to make your payment.
The stop permits you to benefit from your extended timeframe to buy the currency hopefully at a higher rate and also protect you when the market would have been to go against you.
N.B. when placing Stop order there exists a contractual obligation that you can honour the agreement while we are in a position to book the rate for your stop order price.
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