Limit Order

An established limit order permits you to set the minimum or maximum price from which you would want to purchase and sell currency. This enables you to make the most of rate fluctuations beyond trading hours and hold on for the desired rate.

Limit Orders are best for clients who may have an upcoming payment to create but who still need time for it to acquire a better exchange rate as opposed to current spot price before the payment has to be settled.

N.B. when placing difference between stop loss and stop limit order you will find there’s contractual obligation for you to honour the agreement as capable to book at the rate you have specified.
Stop Order

A stop order allows you to run a ‘worst case scenario’ and protect your main point here when the market would have been to move against you. You are able to generate a limit order that is to be automatically triggered when the market breaches your stop price and Indigo will get your currency only at that price to actually do not encounter a much worse exchange rate when you really need to create your payment.

The stop lets you make the most of your extended timeframe to acquire the currency hopefully at a higher rate and also protect you in the event the market ended up being not in favor of you.

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