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.
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