Limit Order

A set limit order permits you to set the minimum or maximum price at which you would like to sell or buy currency. This lets you take advantage of rate fluctuations beyond trading hours and hold on to your desired rate.

Limit Orders are ideal for clients who have another payment to create but who have time and energy to gain a better exchange rate compared to the current spot price prior to the payment needs to be settled.

N.B. when putting a limit and market order you will find there’s contractual obligation for you to honour the agreement as in a position to book at the rate you have specified.
Stop Order

An end order permits you to chance a ‘worst case scenario’ and protect your important thing in the event the market ended up being move against you. It is possible to set up a limit order that’ll be automatically triggered when the market breaches your stop price and Indigo will get your currency as of this price to successfully don’t encounter a much worse exchange rate if you want to generate your payment.

The stop enables you to make the most of your extended time period to acquire the currency hopefully at a higher rate but additionally protect you in the event 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 for you to honour the agreement if we are in a position to book the speed at your stop order price.
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