What is Kill Switch?
The Kill Switch feature can be used to disable a specific trading segment or to take a break from trading. This feature is included in the nudge initiative, which aims to prevent traders from experiencing burnout as a result of excessive trading.
To disable a segment on Console, follow these steps:
- Click on Account.
- Click on Segments.
- Click on the toggle button for the particular segment and then Continue.
The segment will be deactivated within 5 minutes. Ensure that there are no open orders or positions before disabling a segment. Once a segment is disabled, it can be re-enabled only after 12 hours.
To enable a segment, follow these steps:
- Click on the toggle switch for the particular segment and then Continue.
- Select E-mail or Mobile to receive the OTP to the registered e-mail ID or mobile number and click on Continue.
- Enter the OTP received and click on Verify.
Once the segment is enabled, trading can be started instantly.
What happens to GTT, basket orders and SIP orders?
Once the GTT is triggered, if the segment is disabled, the orders are rejected. The same applies to basket orders and SIPs that get triggered.
Did you know?
- Even if the segment is disabled, the demat account is still open with Zerodha. Hence, Account Maintenance Charge (AMC) will still be charged. To learn more about AMC, see What is Account Maintenance Charge (AMC) with regard to my demat account at Zerodha?
- NRI clients cannot use Kill switch, as they can either invest in equities or trade in derivatives, but not both at the same time. To learn more, see What are the segments in which NRIs can trade and invest?