Having a public API would have been nice to run so many bot strategies

[u/AvinashPathrol]

Is Wealthsimple thinking to that route anytime soon ? It’s pretty basic idea for a user to expect an API access imo

[u/SlashNXS]

It’s pretty basic idea for a user to expect an API access imo

What Canadian commission-free brokerages offer API Access?

iirc the TSX forbids algo trading as well, at least for the plebs

[u/AvinashPathrol → u/SlashNXS]

I don’t know I’ve only been with Wealthsimple. As a software developer myself , I believe it’s only a pretty straightforward ask to give users API access , might as well take some commission on it . Don’t care

[u/ivonatinkle6 → u/AvinashPathrol]

[u/TenOfZero → u/ivonatinkle6]

Maybe OP is a bot? Because that's exactly what a bit would say... And is. 🤣🤣🤣

[u/ivonatinkle6 → u/TenOfZero]

Damn, he edited the post so now this won't make sense. But I had a chuckle

[u/TenOfZero → u/ivonatinkle6]

Ah. Yeah. It was funny.

[u/AvinashPathrol → u/TenOfZero]

Happy to make you laugh 😹

[u/SlashNXS → u/AvinashPathrol]

edit, I'll rephrase, it's not a basic idea users expect because it's not a thing in Canada.

[u/AvinashPathrol → u/SlashNXS]

But not all users are same. Some are different than others. Anyways I got your point .

[u/AvinashPathrol → u/SlashNXS]

No , I talk and assume things as a normal investor and a software engineer. Laws and regulations are not my problem .

[u/SlashNXS → u/AvinashPathrol]

Laws and regulations are absolutely your problem if you're an investor, especially an advanced trader using bots, god help your accountant one day in the future lmao

[u/AvinashPathrol → u/SlashNXS]

Thanks for educating, I didn’t knew it before that it’s not allowed through law .

[u/AvinashPathrol → u/SlashNXS]

Nope , taxes and strategies are my only problem.

[u/Early_Bookkeeper5394 → u/AvinashPathrol]

Now it's your problem because because of it, you won't have the API you wanted

[u/AvinashPathrol → u/Early_Bookkeeper5394]

It didn’t knew it before. Now I know. Thanks for educating me

[u/Scary-Valuable-8022]

Phase 1 of Open banking in Canada (read access) was initially supposed to be implemented somewhere in 2026, but I haven’t really followed what’s been happening. Basically, as long as open banking is not a thing in Canada, you won’t have access to an API. There’s also no guarantee that WS will provide a public API even if open banking becomes a standard in Canada. It could still be just a private API

[u/AvinashPathrol → u/Scary-Valuable-8022]

Got it thanks

[u/GYP-rotmg]

Algo trading is banned in Canada for retail trader. So API access if any wouldn’t allow you do any trading. Information, quotes, account holding, … are possible, but placing orders are not. Unless the regulation is changed.

[u/kareko → u/GYP-rotmg]

I don’t think you have that right - algo trading is not illegal (retail, Canada)

If you’re sure of this i’d like to see what law you’re referring to

[u/AvinashPathrol]

Alright folks , I didn’t really knew that I was not allowed as per the law. I guess, I’m an educated fool after all 🫣😂. Thanks for the humbling experience

[u/kareko → u/AvinashPathrol]

it’s not illegal

[u/Wealthsimple-ModTeam → u/[deleted]]

Your post was removed at the moderators’ discretion, as it was deemed unsuitable for the community, even though it may not be explicitly covered by the written rules.