Limit Order

A limit order lets you set the minimum or maximum price from which you would want to purchase or sell currency. This lets you reap the benefits of rate fluctuations beyond trading hours and wait for your desired rate.

Limit Orders are ideal for clients who have a future payment to generate but who continue to have time for you to acquire a better exchange rate compared to the current spot price prior to the payment needs to be settled.

N.B. when putting a limit order vs stop limit there exists a contractual obligation so that you can honour the agreement as in a position to book at the rate which you have specified.
Stop Order

An end order permits you to run a ‘worst case scenario’ and protect your important thing in the event the market was to move against you. You’ll be able to set up a limit order which will be automatically triggered if the market breaches your stop price and Indigo will purchase currency at this price to actually do not encounter a level worse exchange rate when you really need to make your payment.

The stop lets you take advantage of your extended time frame to get the currency hopefully at the higher rate and also protect you in the event the market was to not in favor of you.

N.B. when placing a Stop order there exists a contractual obligation for you to honour the agreement if we are capable to book the speed your stop order price.
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