This feature allows you to set a specific rate at which your position will close , in order to protect your profit. Once this rate is reached or passed, the position will automatically close. This feature is free of charge, but does not guarantee your position will close at the exact price level you specify.
For example: Alphabet’s Buy/Sell rates are $500/$498.
You buy 10 shares CFDs of Alphabet. You place a “Close at Profit Order” at the Sell rate of $550.
Alphabet’s Sell rate increases to $550 → the stop is triggered and the position closes at $550. If Alphabet’s Sell rate increases to a higher rate than $550, the position will be triggered to close at the next best available rate which surpasses your requested rate.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.