diff --git a/freqtrade/exchange/binance.py b/freqtrade/exchange/binance.py
index 1d633be2b..18e754e3f 100644
--- a/freqtrade/exchange/binance.py
+++ b/freqtrade/exchange/binance.py
@@ -11,6 +11,7 @@ class Binance(Exchange):
 
     _ft_has: Dict = {
         "stoploss_on_exchange": True,
+        "order_time_in_force": ['gtc', 'fok', 'ioc'],
     }
 
     def get_order_book(self, pair: str, limit: int = 100) -> dict:
@@ -24,9 +25,3 @@ class Binance(Exchange):
         limit = min(list(filter(lambda x: limit <= x, limit_range)))
 
         return super().get_order_book(pair, limit)
-
-    def validate_order_time_in_force(self, order_time_in_force: Dict) -> None:
-        """
-        Checks if order time in force configured in strategy/config are supported
-        """
-        pass
diff --git a/freqtrade/exchange/exchange.py b/freqtrade/exchange/exchange.py
index d422e2bbf..2ec5c0e25 100644
--- a/freqtrade/exchange/exchange.py
+++ b/freqtrade/exchange/exchange.py
@@ -65,8 +65,9 @@ class Exchange(object):
     # Dict to specify which options each exchange implements
     # TODO: this should be merged with attributes from subclasses
     # To avoid having to copy/paste this to all subclasses.
-    _ft_has = {
+    _ft_has: Dict = {
         "stoploss_on_exchange": False,
+        "order_time_in_force": ["gtc"],
     }
 
     def __init__(self, config: dict) -> None:
@@ -268,7 +269,8 @@ class Exchange(object):
         """
         Checks if order time in force configured in strategy/config are supported
         """
-        if any(v != 'gtc' for k, v in order_time_in_force.items()):
+        if any(v not in self._ft_has["order_time_in_force"]
+               for k, v in order_time_in_force.items()):
             raise OperationalException(
                 f'Time in force policies are not supporetd for  {self.name} yet.')