Limit Order

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

Limit Orders are best for clients that have another payment to make but who still have time to have a better exchange rate compared to the current spot price ahead of the payment should be settled.

N.B. when placing a limit vs. stop order there’s a contractual obligation for you to honour the agreement when we’re capable to book in the rate that you’ve specified.
Stop Order

An end order permits you to manage a ‘worst case scenario’ and protect your main point here in the event the market ended up being move against you. You are able to create a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase currency only at that price to actually tend not to encounter an even worse exchange rate when you really need to make your payment.

The stop allows you to reap the benefits of your extended period of time to buy the currency hopefully in a higher rate and also protect you if the market ended up being to go against you.

N.B. when placing a Stop order you will find there’s contractual obligation so that you can honour the agreement while we are capable to book the rate at the stop order price.
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