So how exactly does an industry Order function?

Limit Order

An established limit order permits you to set the minimum or maximum price at which you would like to buy or sell currency. This enables you to benefit from rate fluctuations beyond trading hours and hold on to your desired rate.


Limit Orders are fantastic for clients who may have the next payment to make but who still need time to acquire a better exchange rate compared to the current spot price prior to the payment needs to be settled.

N.B. when placing limit order example there’s a contractual obligation for you to honour the agreement if we are capable to book at the rate that you’ve specified.
Stop Order

A stop order enables you to run a ‘worst case scenario’ and protect your main point here if the market was to move against you. You can generate a limit order that is to be automatically triggered if your market breaches your stop price and Indigo will buy your currency with this price to actually don’t encounter a much worse exchange rate when you need to generate your payment.

The stop permits you to reap the benefits of your extended time frame to purchase the currency hopefully at a higher rate but in addition protect you if your market was to oppose you.

N.B. when placing a Stop order you will find there’s contractual obligation so that you can honour the agreement if we are capable to book the rate your stop order price.
To get more information about difference between limit and stop orders check out this internet page: click for more info