Limit Order

A set limit order lets you set the minimum or maximum price of which you desire to sell or buy currency. This allows you to reap the benefits of rate fluctuations beyond trading hours and delay to your desired rate.

Limit Orders are fantastic for clients who may have the next payment to make but who continue to have time for it to gain a better exchange rate as opposed to current spot price ahead of the payment needs to be settled.

N.B. when placing limit vs stop order there exists a contractual obligation that you should honour the agreement when we’re able to book with the rate which you have specified.
Stop Order

A stop order lets you chance a ‘worst case scenario’ and protect your important thing when the market ended up being move against you. It is possible to generate a limit order that will be automatically triggered in the event the market breaches your stop price and Indigo will purchase your currency at this price to successfully don’t encounter an even worse exchange rate when you need to generate your payment.

The stop lets you make the most of your extended period of time to get the currency hopefully in a higher rate but additionally protect you when the market was to opposed to you.

N.B. when locating a Stop order there’s a contractual obligation that you can honour the agreement as capable to book the speed at your stop order price.
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