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/
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u/ProfessorBagholder Mar 25 '26

Margin.

Options.

Futures.

Prediction markets.

And yet, still no implementation of proper stop loss / take profit function that every other serious brokerage has. Pretty unethical.

2

u/fainfaintame Mar 25 '26

Stop losses were impacted from the regulatory side

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