‘Time-in-force’ is the part of a trading order that specifies how long it remains active until it’s executed or expires. It provides an extra layer of control when placing an order, aligning your trading strategies with changing market conditions. 

With Pepperstone Crypto, you can place the following types of time-in-force orders: 

• GTC (Good-Till-Cancelled): A GTC order remains active until it’s either executed or manually cancelled by the trader. This type of order can last for several days, weeks, or even longer, depending on the exchange policies. 
• IOC (Immediate-Or-Cancel): An IOC order requires that any portion of the order that can be filled immediately is executed, while any unfilled portion is cancelled. This is useful for traders who want to ensure they get at least part of their order filled quickly. 
• FOK (Fill-Or-Kill): A FOK order must be completely filled immediately, or it is canceled in its entirety. This type of order is typically used by traders who want to enter or exit a position without partial fills.