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What is Time-In-Force?

An order's time-in-force option determines the time frame in which the order would execute. There are four different time-in-force options you can choose from within the Entry Order or Market Order window in Trading Station:

  • Day – activates your Entry Order for the current trading day onlyDay Entry Orders cancel automatically at 5 pm ET (New York).
  • GTC (Good ‘Til Canceled) – ensures that your entire order is executedGTC orders may be broken up into partial orders if sufficient liquidity isn’t available to fill the entire order at the best available price.
  • IOC (Immediate or Cancel) – fills as much of your order as possible at the best available priceIf the entire order cannot be filled at the best available price, the remainder cancels.
  • FOK (Fill or Kill) – when you want your entire order filled at the best available priceIf the entire order cannot be filled at the best available price, the entire order cancels (no partial orders). 

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Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Before You Begin Trading

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at