What makes a niche Order operate?

Limit Order

A restriction order lets you set the minimum or maximum price of which you want to purchase and sell currency. This allows you to make the most of rate fluctuations beyond trading hours and hold on for the desired rate.

Limit Orders are best for clients who’ve an upcoming payment to produce but who continue to have time for you to have a better exchange rate as opposed to current spot price prior to the payment should be settled.

N.B. when placing a what is a sell limit order you will find there’s contractual obligation so that you can honour the agreement if 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 main point here when the market would have been to move against you. You can create a limit order which will be automatically triggered if the market breaches your stop price and Indigo will purchase your currency at this price to make sure you do not encounter a good worse exchange rate when you need to make your payment.

The stop permits you to make the most of your extended period of time to purchase the currency hopefully at a higher rate but also protect you when the market ended up being not in favor of you.

N.B. when placing a Stop order there’s a contractual obligation so that you can honour the agreement when we’re capable to book the interest rate your stop order price.
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