Limit Order

A set limit order enables you to set the minimum or maximum price where you want to buy or sell currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and wait for the desired rate.

Limit Orders are fantastic for clients who have a future payment to make but who continue to have time for it to gain a better exchange rate compared to the current spot price ahead of the payment must be settled.

N.B. when placing a stop order vs stop limit order there is a contractual obligation so that you can honour the agreement when we’re capable of book on the rate that you have specified.
Stop Order

A stop order permits you to attempt a ‘worst case scenario’ and protect your net profit if your market would have been to move against you. You’ll be able to start a limit order that will be automatically triggered if your market breaches your stop price and Indigo will purchase currency as of this price to ensure that you usually do not encounter a much worse exchange rate when you need to generate your payment.

The stop lets you reap the benefits of your extended time period to get the currency hopefully at the higher rate but additionally protect you when the market was to go against you.

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