So how exactly does a Market Order operate?

Limit Order

An established limit order lets you set the minimum or maximum price of which you desire to purchase or sell currency. This enables you to make the most of rate fluctuations beyond trading hours and delay to your desired rate.

Limit Orders are best for clients that have another payment to create but who still need time to acquire a better exchange rate compared to the current spot price prior to payment has to be settled.

N.B. when placing what is stop limit order there’s a contractual obligation that you should honour the agreement as capable to book in the rate you have specified.
Stop Order

A stop order permits you to run a ‘worst case scenario’ and protect your important thing if the market was to move against you. You’ll be able to start a limit order which will be automatically triggered when the market breaches your stop price and Indigo will get your currency at this price to ensure that you tend not to encounter a level worse exchange rate when you need to create your payment.

The stop lets you take advantage of your extended time frame to get the currency hopefully at the higher rate and also protect you if the market ended up being to opposed to you.

N.B. when placing Stop order there is a contractual obligation that you should honour the agreement if we are capable to book the speed for your stop order price.
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