How to Copy Trade on Questrade

Step-by-step guide · 5 min read

RelayTrades works with Questrade so you can follow the strategies you choose without handing over your account. Signals relay instantly and any routed execution occurs in your own Questrade account, governed by the risk limits and routing mode you configure.

Copy trade on Questrade in 5 steps

1. 01

   Sign up and connect your Questrade account

   Create an account at app.relaytrades.com, then connect your Questrade account through SnapTrade. SnapTrade is a secure brokerage-connection service, so your Questrade login is never shared with RelayTrades. Once connected, RelayTrades automatically detects what your Questrade account is enabled to trade (stocks, ETFs, and options).

2. 02

   Choose a strategy to follow

   Browse the available traders and strategies, review their historical metrics, and subscribe to the one(s) you want to copy. Some strategies are free to follow; others are paid by the trader who runs them.

3. 03

   Set your sizing and safeguards

   Before any trade copies, decide how it maps to your account: a sizing multiplier (or maximum position size) so a larger account's trade scales sensibly to yours, your routing mode (auto-copy or manual approval), and risk controls, maximum exposure, daily-loss caps, and slippage protection. Set up your one-tap kill switch here too. Every rule is enforced server-side before an order is placed.

4. 04

   Let trades route to your own Questrade account

   When the trader places a trade, RelayTrades relays the signal in about a second and places the matching order in your own Questrade account, scaled to your settings. Your funds never leave your Questrade account, RelayTrades only routes the orders you have chosen to follow and never takes custody or discretionary control.

5. 05

   Monitor and stay in control

   Track your positions and profit/loss from the dashboard. You can switch any strategy to manual approval, pause automation, or use the kill switch to halt all activity and flatten open positions on your Questrade account instantly. You can revoke the Questrade connection at any time.

Why Questrade works well with RelayTrades

• Your account, your rules. RelayTrades is a software platform, not a broker-dealer or adviser. Your funds stay in your Questrade account at all times.
• Risk controls that enforce. Position-size limits, daily-loss caps, and exposure ceilings are applied server-side, so a copied trade can’t exceed the limits you set.
• Instant kill switch. Stop all automation and close open positions on your Questrade account in a single tap.

New to copy trading? Read how copy trading works or see the Questrade copy trading overview.