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  5. MISC: I am hearing about AI trading system that does automated trading for you. [Miscellaneous]
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Q: I am hearing about AI trading system that does automated trading for you. Do you know any brokerage using the automated trading system and is it legal in Canada.

Thanks for your great service.
Asked by Hector on June 25, 2024
5i Research Answer:

We are not aware of all brokers' services but have not heard much on this front. AI trading is not illegal, but there have been dozens of scam companies, especially in the AI crypto currency area. None of these companies tend to be registered and the use AI-derived marketing pitches to make their system look like it is being endorsed by celebrities and billionaires. We would stay very far away from these. We would not invest with any company not covered by CIPF insurance and registered with securities commissions. 

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