Non guaranteed stop loss

During certain market conditions [in a volatile market, for example] your Stop Loss Order might not be executed at your exact preferred rate [price]. This feature will force the position to close at your chosen rate [price] even if the market price surpasses it. Once your stated level is reached, the position will automatically close. This feature is not available for all instruments, and a fee is charged via a wider spread.

Guaranteed Stop Order features:

• Can only be placed on a new position and cannot be added to an existing one.
• Can only be activated/edited during the instruments trading hours.
• Once the Guaranteed Stop Order is placed, it cannot be revoked, however the level can be changed.
• The wider spread charged when a Guaranteed Stop Order is placed is non-refundable once activated, and is visible prior to the placing of this type of Order.
• A Guaranteed Stop Order must be set within certain distances [minimum and maximum distance] from the current rate [price] of the instrument as shown on the trading platform.

To learn how the Guaranteed Stop works, please follow this example:

Alphabets Buy/Sell rates are $500/$498.
You buy 10 shares CFDs of Alphabet. Lets say that the Guaranteed Stop Order wider spread is $10.
You place a Guaranteed Stop at the Sell rate of $450.
Alphabets Sell rate drops to $400 the position will be closed at $450 and not at $400.
P&L with Guaranteed Stop: [$450 - $500]*10 - $10 = loss of $510.
P&L without Guaranteed stop: [$400 - $500]*10 = loss of $1000.