CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.96% 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.

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 only
    Day Entry Orders cancel automatically at 5 pm ET (New York).
  • GTC (Good ‘Til Canceled) – ensures that your entire order is executed
    GTC 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 price
    If 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 price
    If the entire order cannot be filled at the best available price, the entire order cancels (no partial orders).