What is an Order?

May 4, 2015 8:21 pm Published by

An Order allows you to select the rate of exchange you want to achieve. We will monitor the market for you 24/7 and send you a confirmation email if your selected rate fills.

There are two types of Order’s available:

  • Profit Order – achieve an exchange rate better than what the current market is offering.
  • Stop-Loss Order – when the market is falling select an exchange rate to trigger at the lowest rate you want to accept.
  • Placing both types of Orders will allow you to “Collar the market”.
  • Once your Order fills your rate is locked in and you are committed to honouring the exchange

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