Copy trading on Wealthsimple
With your Wealthsimple account, TrueFills can
Verify and trade.
Trades are read from the Wealthsimple account itself and sealed daily into a public chain, so what you did there becomes a record anyone can check. And because Wealthsimple supports a connection that places orders as well as one that reads, a strategy you choose can trade the account inside limits you set. Your money stays at Wealthsimple throughout: TrueFills never holds funds, and a trading connection can place orders but cannot withdraw.
What the connection can do
reported by Wealthsimple, not by us
Wealthsimple supports a connection that can place orders, so a strategy's trades can be mirrored into your account automatically once you grant that permission.
Trades are read from the Wealthsimple account itself and sealed daily into a public chain, so a track record built there is checkable by anyone rather than taken on your word.
An order can carry the strategy's exact weight, so a small allocation tracks it closely.
The connection reports the account as it changes, so a day's trades are sealed the day they happen.
Equities and cryptocurrency both. A strategy only ever places what it actually trades.
A fully released integration, not a preview.
How it works
Three steps, once. After that a strategy's orders arrive in your Wealthsimple account as it makes them.
1 · Connect
Sign in to Wealthsimple on its own page and grant the connection. TrueFills never sees the password.
2 · Choose and set limits
Pick a strategy, set the amount it may use and the most one order may spend. Nothing is ever sized above them.
3 · It trades
Orders arrive as the strategy makes them, and the log says what happened to each one. Stop it whenever you like.
Whichever you do, the record behind it is read from the brokerage account that placed the trades, sealed daily into a hash chain published in full, and recomputable in your own browser. Recompute a chain or read how a record is verified.
Questions about Wealthsimple
- Does Wealthsimple allow copy trading?
- Through TrueFills, yes. Wealthsimple supports a connection that can place orders, so a strategy you choose can trade your Wealthsimple account automatically. You set the amount it may use and the most any single order may spend, and you can stop it at any time from either side.
- Does TrueFills see my Wealthsimple password?
- No. The sign-in happens on Wealthsimple’s own page, and TrueFills receives a connection rather than your credentials. You can revoke it at Wealthsimple or here, independently.
- Where does my money sit?
- In your own Wealthsimple account, throughout. TrueFills never takes custody of funds and cannot move money out of a brokerage account. A trading connection can place orders; it cannot withdraw.
- What does it cost?
- Following a strategy is free during beta once a brokerage account is connected, or $29 a month without one. Listing a strategy and keeping its record is free.
TrueFills is not affiliated with Wealthsimple. Capabilities are reported by the brokerage connection and can change. Trading involves risk of loss, and past performance, live or simulated, does not guarantee future results.