Creating a Spot Limit Order

Spot Limit Orders let you specify the target rate at which you want to fill the order. When the order fills, you can use the funds to make a payment to a beneficiary or to your Multi-Currency Account.

Important: A Limit Order is not guaranteed to fill.

To create a Spot Limit Order

1. On Your Dashboard, click LIMIT ORDER to expand the Limit Order section.
   
   
2. From the You Buy dropdown list, choose the currency you want to purchase.
3. From the You Sell dropdown list, choose the currency you will use to settle the deal.
4. Optionally, use the locked and unlocked icons to determine which currency you want to lock. The value that you enter in the Amount field is considered to be in whichever currency is locked. By default, the You Buy currency is the one that is locked. To change the lock setting, click the unlocked icon and the unlocked icon changes into a locked icon.
5. In the Amount field, enter the amount you want to buy.
6. Click anywhere in the interface to display the Current Spot Rate and the resulting valuation.
7. In the Target Rate field, specify the rate at which you want the Spot Limit Order to be filled.
   Important: If you specify a target rate that would result in a Stop Loss Limit Order, or if the target rate you set is outside of the allowed range, you will not be able to book the order.
   
8. Click the refresh icon to view the Rate Differential and the updated currency values. The Rate Differential is the difference between your Target Rate and the Current Spot Rate.
   
   
   
9. In the Expiry Date/Time, click the calendar icon and choose the date when you want your Limit Order to expire. The time is displayed next to the date field.
10. Click PLACE ORDER.
    A message appears at the top of the page to confirm that the order was created, and the order number is displayed at the top of the Limit Order section.
    
    
    
    The deal you created appears in the grid at the bottom of Your Dashboard, on the LIMIT ORDERS tab. Its status is Awaiting Fill.
    
    
    
    You can click the order number in the confirmation message or in the LIMIT ORDERS grid to view the Limit Order Affirmation which contains details about the Limit Order agreement, or you can click PLACE ANOTHER ORDER to return to the Limit Order section and create another Limit Order.
    
11. Proceed to the section Completing a Spot Limit Order.