Limit Order
A limit order permits you to set the minimum or maximum price where you want to purchase and sell currency. This lets you take advantage of rate fluctuations beyond trading hours and wait to your desired rate.
Limit Orders are fantastic for clients who may have another payment to generate but who still have time for you to have a better exchange rate than the current spot price prior to payment needs to be settled.
N.B. when placing difference between stop loss and limit order there is a contractual obligation that you should honour the agreement when we’re in a position to book on the rate you have specified.
Stop Order
An end order lets you chance a ‘worst case scenario’ and protect your bottom line when the market ended up being move against you. You can create a limit order which will be automatically triggered when the market breaches your stop price and Indigo will buy your currency only at that price to make sure you don’t encounter an even worse exchange rate when you really need to make your payment.
The stop enables you to take advantage of your extended time frame to buy the currency hopefully at the higher rate but in addition protect you in the event the market ended up being not in favor of you.
N.B. when placing Stop order there is a contractual obligation for you to honour the agreement when we’re capable to book the speed at the stop order price.
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