What makes a niche Order function?

Limit Order

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

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

N.B. when placing what is stop order and limit order there’s a contractual obligation so that you can honour the agreement if we are capable to book at the rate that you have specified.
Stop Order

A stop order enables you to run a ‘worst case scenario’ and protect your bottom line if your market ended up being move against you. You can set up a limit order that is to be automatically triggered when the market breaches your stop price and Indigo will buy your currency at this price to make sure you tend not to encounter an even worse exchange rate if you want to create your payment.

The stop lets you benefit from your extended time frame to acquire the currency hopefully at the higher rate but also protect you in the event the market ended up being to opposed to you.

N.B. when placing a Stop order there’s a contractual obligation that you should honour the agreement when we’re in a position to book the interest rate your stop order price.
More details about different types of stock orders go to our website: check