So how exactly does a niche Order perform?

Limit Order

A limit order enables you to set the minimum or maximum price of which you desire to sell or buy currency. This lets you benefit from rate fluctuations beyond trading hours and delay for your desired rate.

Limit Orders are perfect for clients that have an upcoming payment to create but who still have time for you to acquire a better exchange rate as opposed to current spot price before the payment should be settled.

N.B. when putting a limit stop order there exists a contractual obligation that you can honour the agreement if we are in a position to book with the rate that you have specified.
Stop Order

A stop order lets you manage a ‘worst case scenario’ and protect your main point here in the event the market ended up being move against you. You’ll be able to generate a limit order that’ll be automatically triggered if the market breaches your stop price and Indigo will purchase currency with this price to make sure you don’t encounter a much worse exchange rate when you need to generate your payment.

The stop allows you to make the most of your extended time period to purchase the currency hopefully in a higher rate but additionally protect you in the event the market would have been to opposed to you.

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