What is Market Protection?

Market Protection on Groww is a feature designed to protect users from large price fluctuations during volatile market conditions. When you place a market order with Market Protection, it is submitted as a limit order with a small buffer above the current market price. This ensures that your order won't be executed at extremely high prices due to sudden market movements.

• For illiquid contracts, Market Protection helps prevent trades at abnormal prices.
  
• For liquid contracts, there is no Market Protection to avoid missing trading opportunities.

For example, if the Last Traded Price (LTP) is ₹100 and a 5% Market Protection is applied, your order will be placed as a limit order at ₹105. This means your buy order will only be executed if sellers are available at ₹105 or below. If no sellers are available within this range, your order will remain open as a limit order.