What makes market Order perform?

Limit Order

A limit order permits you to set the minimum or maximum price where you would like to purchase and sell currency. This lets you benefit from rate fluctuations beyond trading hours and hold on for your desired rate.

Limit Orders are ideal for clients who’ve another payment to generate but who have time to achieve a better exchange rate as opposed to current spot price before the payment should be settled.

N.B. when placing a different types of stock orders you will find there’s contractual obligation so that you can honour the agreement while we are capable of book at the rate that you’ve specified.
Stop Order

A stop order enables you to run a ‘worst case scenario’ and protect your bottom line if the market ended up being to move against you. You can start a limit order that will be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency with this price to ensure that you do not encounter a much worse exchange rate if you want to create your payment.

The stop permits you to take advantage of your extended period of time to buy the currency hopefully at a higher rate but also protect you when the market ended up being oppose you.

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