Apex Trader Payouts via Deel: Full guide

apex funded trading IconGet 80% Off Lifetime!!! Use Code: TF50
BLACK FRIDAY

Since September 16, 2022, Apex trader has completely changed the payout method for paying funded traders. Before this change, Performance Paid and prop fund traders gaining money from their funded accounts could receive money directly from apex to their bank accounts, PayPal, mailed checks, or USDT. But after the update, only one payment solution is available, Deel, a payroll and compliance provider.

So, why did Apex Trader change the payment method? Why is Deel a better option for traders? And how it works?

What is Deel.com?

Deel, formerly known as LetsDeel, provides an affordable, easy-to-use payroll and compliance solution for startups and small businesses hiring international employees. With Deel, companies can easily employ international contractors and employees without the hassle of paperwork and compliance. Deel takes care of all the compliance and payroll details so you can focus on your business.

Why Apex Trader moves payouts to Deel?

For Apex Trader, Deel.com is an excellent solution to handle all traders’ payments without having to deal with complicated tasks. Plus, it gives more options for traders to send their money wherever they want.

As we said before, only a few options were available before September 16, 2022:

  • Wire transfer.
  • ACH transfer.
  • PayPal.
  • USDT (Cryptocurrency, via Ethereum or Tron blockchain).

But now, traders can send their earnings to various payment methods inside their Deel account, which include:

  • Wire transfer.
  • ACH transfer.
  • PayPal.
  • Coinbase. (Cryptocurrencies)
  • Payoneer.
  • Wise.
  • Revolut.
  • Mercury Account transfers.
  • Brex Account transfers.
  • Deel Debit Card.
  • Instant Card Transfer ( in some countries).

How do you get paid via Deel with Apex Trader?

You must follow a few steps before getting paid by Apex prop firm. After completing these steps, Apex will pay you automatically when you ask for a withdrawal. Here are three major steps that you need to follow:

  • To get your first payment from Apex Trader, you must create a Deel Account. Click here to create your Contractor account, and complete the verification process. Try filling in all your information correctly. After completing the verification, don’t create a contract. Apex will send it if you follow the next steps.
Sign up to Deel website
  • After receiving the confirmation of successful verification, go to the Apex Trader website, log in to your account, and click “PA Payout Method.” From there, you can choose “Deel” as your “Payout Type”, then enter the email you used to create the account at Deel.com.
Choose payout type Apex Trader
  • After that, in less than 2 days, you will receive an email that tells you that a contract is waiting for you to be signed. Just log in to your Deel Account, and sign the contract.

You are now good to go!

What should you do when you want to get paid?

Request a payment

After completing the 25 trading days requested to start getting paid, go to the Help Desk, and submit your ticket asking for a withdrawal. Mention the amount you want to withdraw. Make sure your balance is above the minimum limit that allows you to withdraw—more information here about Payout requests at Apex Trader.

Choose your withdrawal method at Deel

As already said, Apex will send your payouts to your Deel account, but after that, you will have to select your preferred disbursement method to withdraw your payments.

You have a lot of methods to choose from:

  • Wire transfer.
  • ACH transfer.
  • PayPal.
  • Coinbase. (Cryptocurrencies)
  • Payoneer.
  • Wise.
  • Revolut.
  • Mercury Account transfers.
  • Brex Account transfers.
  • Deel Debit Card.
  • Instant Card Transfer ( in some countries).

You can select as many methods as you wish and even automatically send your payments to a selected withdrawal method.

My personal experience

Personally, I was struggling with the old payment method. My preferred method to get payouts was Payoneer, but Apex Trader at that time allowed me to withdraw only via Bank transfer, PayPal, or USDT. I tried all three methods and then stayed with PayPal, even if I hate PayPal.

I even sent a ticket to Apex support asking them to include Payoneer or Wise as a payment gateway like some of their competitors does, and I think Apex Trader heard my voice. 

After a few months, Apex Trader sends us an email saying they will move to Deel. It was a complete relief. I had months of experience with Deel (formerly known as Letsdeel), and I knew it was the best solution not for me alone but for everyone.

My Deel Dashboard shows my last payment from Deel, and I withdrew it the next day to Payoneer. 

Deel Dashboard payments
apex funded trading IconGet 80% Off Lifetime!!! Use Code: TF50
BLACK FRIDAY

Read also

Leave a Comment