Limit Order

An established limit order enables you to set the minimum or maximum price where you desire to purchase or sell currency. This enables you to take advantage of rate fluctuations beyond trading hours and wait to your desired rate.

Limit Orders are best for clients who may have another payment to produce but who still need time for you to acquire a better exchange rate as opposed to current spot price prior to the payment must be settled.

N.B. when placing difference between limit and stop order you will find there’s contractual obligation that you should honour the agreement if we are capable of book in the rate that you have specified.
Stop Order

An end order allows you to manage a ‘worst case scenario’ and protect your net profit in the event the market ended up being to move against you. You’ll be able to start a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will buy your currency as of this price to make sure you do not encounter a much worse exchange rate when you really need to create your payment.

The stop allows you to take advantage of your extended time frame to acquire the currency hopefully at the higher rate but additionally protect you when the market was to oppose you.

N.B. when putting a Stop order you will find there’s contractual obligation so that you can honour the agreement as in a position to book the speed your stop order price.
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