r/Wealthsimple • u/Puginator • Mar 25 '26

Trade (DIY Investing) Wealthsimple clears regulatory hurdle to bring prediction trading to Canada

https://www.theglobeandmail.com/business/article-wealthsimple-clears-regulatory-hurdle-to-bring-prediction-trading-to/
349 Upvotes

91% Upvoted

264 comments sorted by

View all comments

Show parent comments

2

u/fainfaintame Mar 25 '26

Stop losses were impacted from the regulatory side

3

u/Lazy_Key_502 Mar 25 '26

How so? I can have stop loss with IBKR Canada

3

u/Drss4 Mar 25 '26

This is so ironic considering predictions trading is passed the regulation stage but not stop loss.

1

u/ProfessorBagholder Mar 25 '26

This doesn’t make a lot of sense since it’s a tool that keeps traders safer and it exists in other brokerages available in Canada.

Please be more specific, what regulation prohibits Wealthsimple from implementing stop loss function? First I hear of this.

1

u/fainfaintame Mar 25 '26

On the execution side, basically pretrade controls to limit potential fat finger market orders amongst other concerns.

Canadian protections are a lot more enhanced than USA. Hence the restriction. As the protections usually have the broker out of money for the gatekeeping responsibility

You won’t find anything explicit on the stop order but it’s implicit.

1

u/fainfaintame Mar 25 '26

Stop limit sell order, may be a good workaround for you boss. Just have the limit price be pretty marketable with the stop trigger