Limit Order
A restriction order enables you to set the minimum or maximum price from which you would want to purchase and sell currency. This allows you to reap the benefits of rate fluctuations beyond trading hours and delay on your desired rate.
Limit Orders are ideal for clients who have an upcoming payment to create but who have time to have a better exchange rate as opposed to current spot price prior to the payment should be settled.
N.B. when placing difference between market and limit order you will find there’s contractual obligation that you can honour the agreement as capable of book on the rate that you have specified.
Stop Order
A stop order enables you to chance a ‘worst case scenario’ and protect your main point here in the event the market ended up being to move against you. It is possible to start a limit order that is to be automatically triggered if your market breaches your stop price and Indigo will buy your currency as of this price to actually usually do not encounter a level worse exchange rate if you want to create your payment.
The stop permits you to make the most of your extended timeframe to buy the currency hopefully in a higher rate but additionally protect you if the market ended up being to go against you.
N.B. when putting a Stop order you will find there’s contractual obligation for you to honour the agreement if we are in a position to book the interest rate at the stop order price.
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