Limit Order

A set limit order permits you to set the minimum or maximum price of which you desire to purchase and sell currency. This lets you take advantage of rate fluctuations beyond trading hours and delay to your desired rate.

Limit Orders are fantastic for clients that have an upcoming payment to make but who have time to acquire a better exchange rate compared to the current spot price before the payment should be settled.

N.B. when placing a what is a stop market order there’s a contractual obligation for you to honour the agreement when we’re capable to book with the rate which you have specified.
Stop Order

A stop order permits you to run a ‘worst case scenario’ and protect your important thing if your market was to move against you. You’ll be able to set up a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will purchase your currency with this price to actually do not encounter a much worse exchange rate if you want to produce your payment.

The stop enables you to take advantage of your extended period of time to get the currency hopefully in a higher rate but also protect you if the market ended up being to go against you.

N.B. when putting a Stop order there’s a contractual obligation that you should honour the agreement as able to book the interest rate at the stop order price.
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