Limit Order
A limit order permits you to set the minimum or maximum price from which you want to sell or buy currency. This enables you to benefit from rate fluctuations beyond trading hours and wait for the desired rate.
Limit Orders are perfect for clients that have another payment to produce but who still need time to gain a better exchange rate compared to current spot price prior to payment must be settled.
N.B. when placing limit stop order you will find there’s contractual obligation for you to honour the agreement if we are capable of book in the rate that you have specified.
Stop Order
A stop order allows you to manage a ‘worst case scenario’ and protect your important thing in the event the market was to move against you. You’ll be able to generate a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will purchase currency with this price to ensure that you usually do not encounter a much worse exchange rate when you require to create your payment.
The stop permits you to take advantage of your extended time frame to purchase the currency hopefully at the higher rate but additionally protect you if the market ended up being to not in favor of you.
N.B. when placing a Stop order you will find there’s contractual obligation that you can honour the agreement as in a position to book the pace at the stop order price.
More information about what is stop market order you can check this website: read here