What is an Order?May 4, 2015 8:21 pm
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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