Limit Order
An established limit order lets you set the minimum or maximum price of which you want to buy or sell currency. This allows you to take advantage of rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are fantastic for clients that have another payment to create but who have time for you to have a better exchange rate compared to the current spot price ahead of the payment needs to be settled.
N.B. when placing limit and market order there is a contractual obligation so that you can honour the agreement if we are capable to book with the rate which you have specified.
Stop Order
An end order allows you to run a ‘worst case scenario’ and protect your net profit when the market ended up being to move against you. It is possible to start a limit order that is to be automatically triggered if your market breaches your stop price and Indigo will buy your currency as of this price to successfully don’t encounter a much worse exchange rate when you really need to create your payment.
The stop lets you take advantage of your extended time period to get the currency hopefully in a higher rate and also protect you in the event the market ended up being go against you.
N.B. when placing a Stop order you will find there’s contractual obligation that you should honour the agreement while we are capable to book the pace at your stop order price.
For more details about different types of stock orders just go to our internet page: click