Limit Order

An established limit order enables you to set the minimum or maximum price from which you would want to buy or sell currency. This enables you to benefit from rate fluctuations beyond trading hours and wait for your desired rate.

Limit Orders are perfect for clients who may have a future payment to create but who still have time for you to gain a better exchange rate than the current spot price prior to the payment needs to be settled.

N.B. when placing limit vs. stop order you will find there’s contractual obligation that you can honour the agreement when we’re in a position to book at the rate which you have specified.
Stop Order

A stop order allows you to run a ‘worst case scenario’ and protect your main point here when the market would have been to move against you. You are able to create a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase currency with this price to successfully don’t encounter a much worse exchange rate when you really need to make your payment.

The stop enables you to reap the benefits of your extended time frame to acquire the currency hopefully at the higher rate but additionally protect you in the event the market ended up being to opposed to you.

N.B. when placing Stop order there is a contractual obligation that you can honour the agreement if we are able to book the pace at the stop order price.
To get more information about difference between limit and market order browse our site: read this