How to Copy Trade on Wealthsimple

Step-by-step guide · 5 min read

Connect your Wealthsimple account to RelayTrades through SnapTrade and choose exactly how the strategies you subscribe to interact with it. Signals arrive in real time, and any routed order is placed inside your own Wealthsimple account under the sizing and risk rules you set, so your money stays with Wealthsimple and you keep control.

Copy trade on Wealthsimple in 5 steps

1. 01

   Sign up and connect your Wealthsimple account

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

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 Wealthsimple account

   When the trader places a trade, RelayTrades relays the signal in about a second and places the matching order in your own Wealthsimple account, scaled to your settings. Your funds never leave your Wealthsimple 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 Wealthsimple account instantly. You can revoke the Wealthsimple connection at any time.

Why Wealthsimple works well with RelayTrades

• Full custody stays at Wealthsimple. Your capital remains in your Wealthsimple account. RelayTrades provides automation support and safeguards, not capital management.
• Configure before you copy. Set sizing multipliers, routing mode, time windows, and stop-loss and take-profit defaults per strategy before anything is routed.
• One-tap kill switch. Pause all automation and flatten open positions on your Wealthsimple account instantly, whenever you want out.

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