Limit Order

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

Limit Orders are perfect for clients who have an upcoming payment to make but who have time to achieve a better exchange rate compared to current spot price prior to the payment must be settled.

N.B. when placing what is a stop market order there exists a contractual obligation that you should honour the agreement as in a position to book on the rate that you’ve specified.
Stop Order

A stop order allows you to chance a ‘worst case scenario’ and protect your important thing if the market ended up being move against you. You are able to generate a limit order that’ll be automatically triggered when the market breaches your stop price and Indigo will purchase currency with this price to make sure you do not encounter an even worse exchange rate when you require to produce your payment.

The stop enables you to take advantage of your extended time frame to buy the currency hopefully at the higher rate but also protect you if your market ended up being to opposed to you.

N.B. when placing Stop order there exists a contractual obligation that you should honour the agreement as capable to book the pace at the stop order price.
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