Limit Order
An established limit order lets you set the minimum or maximum price where you would like to sell or buy currency. This lets you make the most of rate fluctuations beyond trading hours and hold out to your desired rate.
Limit Orders are perfect for clients who’ve an upcoming payment to produce but who still need time to have a better exchange rate compared to current spot price before the payment should be settled.
N.B. when placing limit stop order you will find there’s contractual obligation for you to honour the agreement when we’re in a position to book on the rate which you have specified.
Stop Order
A stop order allows you to attempt a ‘worst case scenario’ and protect your net profit if your market would have been to move against you. You can set up a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will buy your currency at this price to actually usually do not encounter an even worse exchange rate when you really need to generate your payment.
The stop allows you to make the most of your extended time frame to purchase the currency hopefully with a higher rate but additionally protect you if the market ended up being oppose you.
N.B. when locating a Stop order there exists a contractual obligation that you should honour the agreement when we’re capable to book the rate your stop order price.
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