Limit Order
A set limit order permits you to set the minimum or maximum price where you would want to buy or sell currency. This lets you benefit from rate fluctuations beyond trading hours and hold out to your desired rate.
Limit Orders are perfect for clients who may have another payment to make but who still have time for it to achieve a better exchange rate than the current spot price prior to the payment needs to be settled.
N.B. when locating a what is limit order to buy you will find there’s contractual obligation so that you can honour the agreement while we are capable of book in the rate which you have specified.
Stop Order
An end order allows you to run a ‘worst case scenario’ and protect your main point here if your market was to move against you. You are able to generate a limit order that will be automatically triggered if your market breaches your stop price and Indigo will get your currency at this price to successfully tend not to encounter a much worse exchange rate when you really need to create your payment.
The stop permits you to make the most of your extended time period to purchase the currency hopefully at a higher rate and also protect you when the market would have been to not in favor of you.
N.B. when locating a Stop order there’s a contractual obligation that you should honour the agreement as capable of book the speed at your stop order price.
To read more about what’s a stop order view our web page: check