Limit Order
A restriction order lets you set the minimum or maximum price from which you desire to sell or buy currency. This lets you take advantage of rate fluctuations beyond trading hours and hold out for your desired rate.
Limit Orders are fantastic for clients who’ve another payment to create but who still have time for you to gain a better exchange rate compared to the current spot price prior to the payment has to be settled.
N.B. when placing difference between limit and stop orders there is a contractual obligation that you should honour the agreement if we are in a position to book with the rate which you have specified.
Stop Order
An end order enables you to chance a ‘worst case scenario’ and protect your bottom line in the event the market ended up being to move against you. You are able to start a limit order which will be automatically triggered in the event the market breaches your stop price and Indigo will purchase your currency as of this price to make sure you usually do not encounter a much worse exchange rate when you require to create your payment.
The stop lets you take advantage of your extended timeframe to get the currency hopefully in a higher rate but also protect you in the event the market ended up being to not in favor of you.
N.B. when putting a Stop order there is a contractual obligation so that you can honour the agreement as in a position to book the speed at the stop order price.
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