Limit Order

An established limit order allows you to set the minimum or maximum price of which you would want to sell or buy currency. This lets you benefit from rate fluctuations beyond trading hours and hold out to your desired rate.

Limit Orders are ideal for clients who may have an upcoming payment to make but who still need time for you to gain a better exchange rate than the current spot price prior to the payment must be settled.

N.B. when placing a limit and market order you will find there’s contractual obligation that you should honour the agreement if we are in a position to book in the rate which you have specified.
Stop Order

A stop order lets you attempt a ‘worst case scenario’ and protect your bottom line when the market ended up being to move against you. You are able to start a limit order which will be automatically triggered if your market breaches your stop price and Indigo will purchase currency only at that price to successfully usually do not encounter a good worse exchange rate when you really need to generate your payment.

The stop permits you to reap the benefits of your extended time frame to buy the currency hopefully at the higher rate and also protect you if the market was to go against you.

N.B. when placing Stop order there is a contractual obligation so that you can honour the agreement as capable of book the pace at your stop order price.
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