Limit Order
A set limit order allows you to set the minimum or maximum price of which you desire to purchase or sell currency. This allows you to make the most of rate fluctuations beyond trading hours and hold out to your desired rate.
Limit Orders are fantastic for clients who’ve a future payment to create but who continue to have time and energy to gain a better exchange rate as opposed to current spot price prior to payment must be settled.
N.B. when locating a different types of stock orders you will find there’s contractual obligation that you can honour the agreement when we’re able to book with the rate which you have specified.
Stop Order
A stop order permits you to chance a ‘worst case scenario’ and protect your bottom line when the market ended up being move against you. You can start a limit order that’ll be automatically triggered if the market breaches your stop price and Indigo will purchase your currency only at that price to ensure that you don’t encounter a much worse exchange rate if you want to create your payment.
The stop enables you to benefit from your extended period of time to purchase the currency hopefully with a higher rate but also protect you in the event the market ended up being to not in favor of you.
N.B. when placing Stop order there’s a contractual obligation so that you can honour the agreement when we’re capable of book the speed your stop order price.
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