Limit Order

A restriction order allows you to set the minimum or maximum price where you would like to purchase and sell currency. This allows you to benefit from rate fluctuations beyond trading hours and wait on your desired rate.

Limit Orders are perfect for clients that have an upcoming payment to produce but who still need time for it to gain a better exchange rate compared to current spot price ahead of the payment has to be settled.

N.B. when placing a what’s a stop limit order there’s a contractual obligation that you can honour the agreement while we are able to book on the rate that you have specified.
Stop Order

A stop order enables you to attempt a ‘worst case scenario’ and protect your net profit in the event the market would have been to move against you. You are able to generate a limit order that’ll be automatically triggered if the market breaches your stop price and Indigo will purchase currency at this price to ensure that you don’t encounter an even worse exchange rate if you want to produce your payment.

The stop allows you to make the most of your extended timeframe to buy the currency hopefully with a higher rate and also protect you if your market would have been to oppose you.

N.B. when locating a Stop order there’s a contractual obligation that you can honour the agreement if we are in a position to book the speed for your stop order price.
More information about different types of stock orders view the best net page: check