Limit Order

A limit order allows you to set the minimum or maximum price at which you desire to sell or buy currency. This allows you to make the most of rate fluctuations beyond trading hours and hold on for your desired rate.

Limit Orders are best for clients who have another payment to generate but who continue to have time for it to achieve a better exchange rate compared to current spot price ahead of the payment has to be settled.

N.B. when placing what’s a stop limit order there is a contractual obligation so that you can honour the agreement if we are capable to book at the rate which you have specified.
Stop Order

An end order allows you to attempt a ‘worst case scenario’ and protect your important thing if the market would have been to move against you. It is possible to start a limit order that is to be automatically triggered if the market breaches your stop price and Indigo will purchase your currency only at that price to successfully usually do not encounter an even worse exchange rate when you require to make your payment.

The stop lets you take advantage of your extended timeframe to purchase the currency hopefully at a higher rate but in addition protect you if the market ended up being not in favor of you.

N.B. when placing Stop order there is a contractual obligation that you can honour the agreement if we are in a position to book the pace at your stop order price.
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