Limit Order

A restriction order lets you set the minimum or maximum price of which you would want to sell or buy currency. This enables you to make the most of rate fluctuations beyond trading hours and delay for the desired rate.

Limit Orders are ideal for clients who’ve the next payment to generate but who continue to have time to have a better exchange rate than the current spot price prior to payment needs to be settled.

N.B. when placing a difference between buy limit and buy stop in forex you will find there’s contractual obligation so that you can honour the agreement while we are in a position to book with the rate which you have specified.
Stop Order

An end order lets you attempt a ‘worst case scenario’ and protect your main point here in the event the market ended up being move against you. You’ll be able to generate a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase your currency as of this price to make sure you tend not to encounter an even worse exchange rate when you really need to produce your payment.

The stop lets you reap the benefits of your extended period of time to get the currency hopefully with a higher rate and also protect you when the market ended up being to oppose you.

N.B. when locating a Stop order you will find there’s contractual obligation so that you can honour the agreement as able to book the interest rate your stop order price.
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