skip to Main Content

What is a good ’til canceled order (GTC)

An order that uses the good ’til canceled (GTC) time in force will continue to work until the order fills or is canceled. This duration allows the trader to place an order for days, weeks or months in advance without having to place an order each day. GTC orders will generally be canceled automatically under the following conditions:

  • If a corporate action on a security results in a stock split (forward or reverse), exchange for shares, or distribution of shares.
  • If the company issues a dividend where the rate exceeds 3% of the prior day’s closing price.
  • If you do not log into your ToledoTrade account for 90 days.
  • At the end of the calendar quarter following the current quarter. For example, an order placed during the third quarter of 2011 will be canceled at the end of the fourth quarter of 2011. If the last day is a non-trading day, the cancellation will occur at the close of the final trading day of that quarter. For example, if the last day of the quarter is Sunday, the orders will be cancelled on the preceding Friday.
  • Orders that are modified will be assigned a new “Auto Expire” date consistent with the end of the calendar quarter following the current quarter.
Jason Toledo

Jason Toledo

Jason brings more than 15 years of experience in online trading. Prior to starting ToledoTrade in 2019, Jason held senior and executive level positions at Scottrade, OptionsHouse and Zacks Trade. Jason is passionate about educating self-directed traders and is a leader and expert in the online trading industry.

See Why Our Clients Love Us*

I’m able to trade US stocks from NZ very inexpensively and they also have great software and great support. No complaints at all!

Lei Y
New Zealand
Rating: 5.0

I just started with ToledoTrade, and I was shocked at the service and pricing. The platform is user friendly and very custom to each trader’s needs. Much better than large companies.

John L
United States
Rating: 5.0

“High quality and high touch levels of support. Very responsive to any issues. No monthly platform or inactivity fees.”

Muzammil S
United Arab Emirates
Rating: 5

“Very patient and caring. Helps you with anything you need. Great place to do business!”

Mary K
United States
Rating: 5.0

“I highly recommend ToledoTrade! If it wasn’t for ToledoTrade I wouldn’t be where I am right now with my trading. They are very attentive to my needs and always go beyond what is expected of them. I highly recommend ToledoTrade.”

Jerry K
United States
Rating: 5

“You are recognized as a person at ToledoTrade. All questions are answered promptly and honestly. You will be a stress free investor.”

Kathie B
United States
Rating: 5

“ToledoTrade is simply the best broker. The commission fees that they charge for buying and selling stocks is very cheap. The trading app (Handy Trader) that they have is amazing. They provide excellent customer service. I truly recommend ToledoTrade for you.”

Fadi B
United Arab Emirates
Rating: 5
* Testimonials appearing on this site are not considered paid testimonials and are actual client submissions based on individual experiences or clients who have used our products and/or services. However, individual results vary and are not necessarily representative of all those who will use our products and or/services. These testimonials are in no way guarantees for future performance or success. The testimonials displayed are given verbatim except for correction of grammatical or typing errors. Some have been shortened. In other words, not the whole message received by the testimonial writer is displayed, when it seemed lengthy or or the entirety of the testimonial did not seem relevant for the general public. ToledoTrade is not responsible for any of the opinions or comments posted to our site.

ToledoTrade is a division of Gar Wood Securities, LLC, through which securities and futures are offered. Member FINRA | SIPC | NFA. Check the background of ToledoTrade, a division of Gar Wood Securities, LLC. on FINRA's BrokerCheck.

ToledoTrader Logo White

The online broker where you can Trade at Cost or Trade as Low as $1.95. We are committed to traders and investors all over the world.

Connect With Us

Monday - Friday
(excluding market holidays)
9 AM EST - 5 PM EST

727.339.6868
727.339.6867
4355 Weaver Pkwy #320 Warrenville, IL 60555