Limit Order
An established limit order enables you to set the minimum or maximum price of which you want to buy or sell currency. This allows you to benefit from rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are fantastic for clients that have a future payment to make but who continue to have time for you to gain a better exchange rate as opposed to current spot price prior to the payment has to be settled.
N.B. when placing how does a limit order work there is a contractual obligation for you to honour the agreement when we’re in a position to book at the rate which you have specified.
Stop Order
An end order enables you to attempt a ‘worst case scenario’ and protect your important thing in the event the market would have been to move against you. You are able to set up a limit order that will be automatically triggered when the market breaches your stop price and Indigo will buy your currency as of this price to actually don’t encounter a good worse exchange rate if you want to generate your payment.
The stop permits you to take advantage of your extended time period to get the currency hopefully in a higher rate but in addition protect you if the market ended up being oppose you.
N.B. when locating a Stop order there exists a contractual obligation so that you can honour the agreement if we are able to book the rate your stop order price.
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