What makes an industry Order operate?

Limit Order

A set limit order permits you to set the minimum or maximum price of which you would like to buy or sell currency. This allows you to reap the benefits of rate fluctuations beyond trading hours and hold out for your desired rate.

Limit Orders are ideal for clients who have the next payment to generate but who still need time to acquire a better exchange rate as opposed to current spot price before the payment needs to be settled.

N.B. when putting a limit stop order there exists a contractual obligation that you can honour the agreement while we are capable to book on the rate which you have specified.
Stop Order

A stop order permits you to run a ‘worst case scenario’ and protect your important thing when the market ended up being to move against you. It is possible to start a limit order that is to be automatically triggered in the event the market breaches your stop price and Indigo will purchase your currency with this price to successfully tend not to encounter an even worse exchange rate when you really need to create your payment.

The stop permits you to take advantage of your extended time period to acquire the currency hopefully with a higher rate and also protect you when the market ended up being go against you.

N.B. when placing Stop order you will find there’s contractual obligation for you to honour the agreement as capable of book the pace at your stop order price.
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