Limit Order

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

Limit Orders are fantastic for clients who have the next payment to make but who have time to achieve a better exchange rate than the current spot price before the payment needs to be settled.

N.B. when putting a stop limit vs stop there exists a contractual obligation so that you can honour the agreement when we’re in a position to book with the rate you have specified.
Stop Order

An end order enables you to chance a ‘worst case scenario’ and protect your net profit if your market ended up being to move against you. You can start a limit order that’ll be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency with this price to ensure that you tend not to encounter a level worse exchange rate when you require to create your payment.

The stop allows you to take advantage of your extended period of time to get the currency hopefully at the higher rate and also protect you when the market ended up being to opposed to you.

N.B. when putting a Stop order there’s a contractual obligation that you can honour the agreement when we’re able to book the rate at your stop order price.
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