Limit Order
A set limit order enables you to set the minimum or maximum price of which you desire to purchase and sell currency. This lets you reap the benefits of rate fluctuations beyond trading hours and hold out to your desired rate.
Limit Orders are fantastic for clients who have another payment to create but who still have time and energy to have a better exchange rate as opposed to current spot price before the payment should be settled.
N.B. when putting a limit vs. stop order there’s a contractual obligation that you can honour the agreement when we’re able to book at the rate you have specified.
Stop Order
An end order lets you manage a ‘worst case scenario’ and protect your important thing in the event the market was to move against you. It is possible to generate a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will purchase your currency at this price to ensure that you do not encounter a good worse exchange rate when you really need to make your payment.
The stop permits you to benefit from your extended timeframe to get the currency hopefully at a higher rate but additionally protect you if the market would have been to go against you.
N.B. when placing Stop order there is a contractual obligation that you should honour the agreement while we are able to book the pace for your stop order price.
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