Limit Order
An established limit order lets you set the minimum or maximum price at which you want to buy or sell currency. This lets you benefit from rate fluctuations beyond trading hours and hold out on your desired rate.
Limit Orders are fantastic for clients who may have another payment to produce but who continue to have time to have a better exchange rate as opposed to current spot price ahead of the payment has to be settled.
N.B. when putting a limit order example there exists a contractual obligation for you to honour the agreement as capable of book on the rate you have specified.
Stop Order
An end order lets you attempt a ‘worst case scenario’ and protect your net profit if the market would have been to move against you. You’ll be able to set up a limit order that is to be automatically triggered when the market breaches your stop price and Indigo will buy your currency at this price to make sure you tend not to encounter an even worse exchange rate when you require to make your payment.
The stop lets you take advantage of your extended period of time to purchase the currency hopefully at a higher rate but in addition protect you if 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 as capable of book the rate at your stop order price.
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