Limit Order

A limit order allows you to set the minimum or maximum price of which you desire to sell or buy currency. This allows you to take advantage of rate fluctuations beyond trading hours and wait for your desired rate.

Limit Orders are fantastic for clients who’ve another payment to make but who have time to achieve a better exchange rate compared to current spot price before the payment has to be settled.

N.B. when placing stop limit vs stop you will find there’s contractual obligation that you can honour the agreement as able to book with the rate that you’ve specified.
Stop Order

A stop order allows you to attempt a ‘worst case scenario’ and protect your bottom line if your market ended up being move against you. You can set up a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will purchase your currency as of this price to actually don’t encounter a much worse exchange rate if you want to create your payment.

The stop lets you benefit from your extended time frame to buy the currency hopefully at the higher rate but also protect you when the market would have been to oppose you.

N.B. when placing a Stop order you will find there’s contractual obligation that you can honour the agreement while we are able to book the speed at your stop order price.
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