Limit Order

A limit order allows you to set the minimum or maximum price of which you would like to purchase and sell currency. This enables you to benefit from rate fluctuations beyond trading hours and hold out for your desired rate.

Limit Orders are perfect for clients who may have another payment to create but who have time for you to have a better exchange rate as opposed to current spot price before the payment should be settled.

N.B. when placing a what is a stop market order there’s a contractual obligation that you should honour the agreement while we are capable of book on the rate you have specified.
Stop Order

A stop order lets you manage a ‘worst case scenario’ and protect your net profit in the event the market was to move against you. You’ll be able to start a limit order that will be automatically triggered when the market breaches your stop price and Indigo will get your currency as of this price to actually usually do not encounter a level worse exchange rate when you need to create your payment.

The stop allows you to make the most of your extended timeframe to purchase the currency hopefully at the higher rate and also protect you if the market would have been to oppose you.

N.B. when putting a Stop order you will find there’s contractual obligation that you should honour the agreement when we’re able to book the speed for your stop order price.
More info about different types of stock orders see our website: here