Limit Order
A limit order permits you to set the minimum or maximum price at which you would want to purchase or sell currency. This allows you to take advantage of rate fluctuations beyond trading hours and hold out for your desired rate.
Limit Orders are perfect for clients who have the next payment to produce but who continue to have time and energy to achieve a better exchange rate than the current spot price ahead of the payment has to be settled.
N.B. when placing how does a limit order work there exists a contractual obligation that you should honour the agreement if we are capable to book in the rate which you have specified.
Stop Order
A stop order enables you to run a ‘worst case scenario’ and protect your bottom line if the market ended up being to move against you. You can generate a limit order which will be automatically triggered if your market breaches your stop price and Indigo will purchase your currency as of this price to ensure that you tend not to encounter a much worse exchange rate when you need to create your payment.
The stop lets you make the most of your extended timeframe to buy the currency hopefully in a higher rate but in addition protect you in the event the market would have been to go against you.
N.B. when putting a Stop order there is a contractual obligation that you should honour the agreement while we are in a position to book the pace your stop order price.
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