Deel Agreements and Payouts for Funded Traders

Effective January 9, 2023, all Topstep Funded Traders will be required to utilize Deel.

WHAT IS DEEL?

Deel is a leading platform for International Contractors, supported in over 150+ countries, allowing Clients (like Topstep) to issue payouts to contractors via their preferred method  - while remaining compliant with local rules and regulations.

We are excited to make the switch to Deel in order to offer:

• New Payout Options: Get paid through bank transfer, Paypal, Coinbase, Binance, Payoneer, Revolut, Wise, Instant Card Transfer, and Deel Card.
• Faster Access to Payouts: Deel partners with banks and best-in-class payment providers so you can access your payouts quickly and from anywhere in the world.
• Simplified Process: To save time and professionalize your experience, Deel handles not only payouts, but tasks associated with working as a trader, like your Funded Trader agreement and tax compliance forms.

WHAT IF I AM ALREADY A FUNDED TRADER?

For Funded Traders who achieved funding prior to January 9, 2023, and still have an active Funded Account, you will be required to set up a Deel account when you request your first Payout. 

For those previously Funded Traders who lose their Funded Accounts after January 9, 2023 - a Deel contract will be sent from that point forward for any new Funded Accounts earned.

WILL I NEED TO CREATE A DEEL ACCOUNT EACH TIME I EARN FUNDING?

No, you will only need to create a Deel account once and the same Deel account will be used for all Funded Level Accounts. Please use the same email for your Topstep profile and Deel.

CAN I HAVE MULTIPLE DEEL ACCOUNTS WITH TOPSTEP? 

No, you are required to use your legal name and verify your identity for one Deel account that matches your Topstep profile. The Deel account must match the Topstep profile in order to receive agreements and payouts. 

WHAT IF I ALREADY HAVE A DEEL ACCOUNT?

If you already have a Deel account with the same email as your Topstep profile, no new sign-up will be required. If your Deel account is using a different email address, please contact our support team for further assistance.  

WHAT PAYMENT METHODS ARE AVAILABLE WITH DEEL AND HOW LONG DOES IT TAKE TO RECEIVE A PAYOUT?

The time it takes to receive a payout will determine the method selected within Deel. 

• Wallets, including Binance, Coinbase, Paypal, Payoneer, and Revolut: Up to one business day
• Local Bank Transfer: 1-5 business days
• Bank Transfers via SWIFT: 5-7 business days
• Additional Payout methods and time frames can be found here and here.

HOW DO I REQUEST A PAYOUT?

You can submit a payout request from your Trader Dashboard by filling out the Payout Request Form. 

You can review the Express Funded Account™ payout policy here and the Live Funded Account payout policy here.

WHERE CAN I FIND MORE INFORMATION ABOUT DEEL?

Please visit the Deel Help Center here for any additional questions.