How can a Market Order function?

Limit Order

A set limit order allows you to set the minimum or maximum price of which you want to buy or sell currency. This enables you to benefit from rate fluctuations beyond trading hours and delay for the desired rate.

Limit Orders are perfect for clients who may have a future payment to generate but who have time and energy to acquire a better exchange rate than the current spot price before the payment has to be settled.

N.B. when putting a what is limit order to buy you will find there’s contractual obligation for you to honour the agreement if we are able to book on the rate which you have specified.
Stop Order

An end order lets you chance a ‘worst case scenario’ and protect your net profit if your market ended up being to move against you. It is possible to generate a limit order that will be automatically triggered if your market breaches your stop price and Indigo will purchase your currency only at that price to make sure you do not encounter an even worse exchange rate when you really need to create your payment.

The stop enables you to benefit from your extended time period to get the currency hopefully at a higher rate but additionally protect you if your market would have been to not in favor of you.

N.B. when placing a Stop order there exists a contractual obligation so that you can honour the agreement as able to book the rate at your stop order price.
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