Limit Order

An established limit order allows you to set the minimum or maximum price at which you would like to sell or buy currency. This allows you to benefit from rate fluctuations beyond trading hours and wait to your desired rate.

Limit Orders are best for clients who may have another payment to generate but who have time for it to have a better exchange rate compared to current spot price ahead of the payment must be settled.

N.B. when placing a different types of stock orders there is a contractual obligation so that you can honour the agreement when we’re capable to book with the rate you have specified.
Stop Order

A stop order allows you to run a ‘worst case scenario’ and protect your main point here when the market would have been to move against you. You are able to generate a limit order that will be automatically triggered if the market breaches your stop price and Indigo will buy your currency with this price to ensure that you don’t encounter a level worse exchange rate if you want to generate your payment.

The stop allows you to take advantage of your extended time frame to buy the currency hopefully with a higher rate and also protect you in the event the market ended up being to go against you.

N.B. when locating a Stop order there is a contractual obligation that you can honour the agreement while we are capable to book the pace for your stop order price.
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