Limit Order

A set limit order permits you to set the minimum or maximum price at which you would like to purchase and sell currency. This enables you to benefit from rate fluctuations beyond trading hours and hold on for your desired rate.

Limit Orders are fantastic for clients who’ve another payment to create but who continue to have time to have a better exchange rate compared to the current spot price prior to the payment has to be settled.

N.B. when locating a what is stop market order you will find there’s contractual obligation so that you can honour the agreement while we are capable to book in the rate you have specified.
Stop Order

A stop order permits you to chance a ‘worst case scenario’ and protect your net profit in the event the market was to move against you. You’ll be able to set up a limit order that’ll be automatically triggered if the market breaches your stop price and Indigo will purchase your currency only at that price to make sure you tend not to encounter a level worse exchange rate when you really need to generate your payment.

The stop lets you benefit from your extended time period to get the currency hopefully at the higher rate but additionally protect you in the event the market ended up being opposed to you.

N.B. when placing Stop order there is a contractual obligation for you to honour the agreement while we are in a position to book the speed at the stop order price.
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