This type of order allows you to set a specific price at which your position will close for the aim of reducing the risk of losses. Stop Loss orders are not guaranteed to be filled at the requested price levels. Once the set price is reached or passed, a Stop Order will be triggered, and the position will automatically be closed at the next best available price.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.7% 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.