Limit Order

A restriction order allows you to set the minimum or maximum price from which you would like to sell or buy currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and delay for your desired rate.

Limit Orders are fantastic for clients that have another payment to generate but who still have time and energy to achieve a better exchange rate than the current spot price prior to payment should be settled.

N.B. when placing stop limit vs stop there is a contractual obligation that you should honour the agreement as able to book on the rate which you have specified.
Stop Order

A stop order allows you to attempt a ‘worst case scenario’ and protect your main point here if your market ended up being move against you. You are able to generate a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase your currency with this price to make sure you tend not to encounter a good worse exchange rate if you want to produce your payment.

The stop lets you benefit from your extended time period to acquire the currency hopefully in a higher rate but in addition protect you if your market ended up being opposed to you.

N.B. when placing Stop order you will find there’s contractual obligation that you can honour the agreement when we’re able to book the rate at your stop order price.
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