Is Deel a good prop trading company?

Out of 21 prop trading firms reviewed by The Information, 17 offered payouts either through Deel alone or Deel plus crypto. Deel claimed in response to the article that its activity with these companies constitutes only less than one percent of its total revenue, and that it performs KYC (Know Your Customer) on every customer on the platform.

Why did Deel suspend payout services to prop trading companies?

The HR startup. Deel has suspended payout services to several prop trading companies after it came under the radar of US commodities regulator for its links to My Forex Funds, which is facing fraud charges. Dedicated Forex cloud solutions with stable and fast cross-border connections capable of high-demand scenarios.

Is Deel a good company?

Deel is a human resources startup. Its best known for services that help companies hire remote workers. But its payments processing was very efficient and easy, hence it had carved a sizeable niche servicing prop firms. Prior to Deel, firms managed to make payments, those impacted will likely revert to those methods while this suspension is sorted.