Quant Tekel Broker Overview
Quant Tekel positions itself as a forward-thinking proprietary trading firm, designed to meet the demands of traders seeking funding and cutting-edge tools to engage with financial markets. Originally operating as Ascendx Capital, the firm was established in 2023 and now functions from the United Kingdom under the name Quant Tekel Ltd. It is also regulated and registered in South Africa as QUANT TEKEL (Pty) Limited, reinforcing its legal standing.
At Quant Tekel, traders can participate in various QT Evaluation Programs starting at $20 (or $16 with a discount), making it one of the most affordable options available. The firm provides maximum funding up to $200,000, with profit splits reaching up to 80% and leverage extending to 1:100. It supports widely used trading platforms such as MetaTrader 5 (MT5), TradeLocker, cTrader, and DX Trade.
On the downside, Quant Tekel is inaccessible to users in the US and Canada. The platform also lacks support for stocks and provides limited educational materials for its users. Continue reading for a detailed Quant Tekel review to assess whether this prop firm and its accounts align with your needs.
Prior to exploring the evaluation accounts on Quant Tekel, we reviewed its fee framework to gain insight into its operations. The firm maintains transparency with its costs, allowing you to evaluate its suitability before committing to a challenge.
Evaluation fees begin at $20 (or $16 with a discount) and can reach up to $950. A 40% discount is available by applying the Quant Tekel coupon code QT40 during signup, positioning it as potentially the most cost-effective proprietary trading platform. Compared to competitors like TraderScale, FundingPips, and FundedNext, its starting challenge fee is notably lower. Additional fees apply based on the traded asset, detailed as follows:
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Undefined raw spreads with a $2 per lot commission ($4 per round lot) on forex, gold, and cryptocurrencies, indices.
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Commission-free trading with variable spreads also applies to forex, gold, indices, and cryptocurrencies.
Traders must select a fee structure option upon signup. Furthermore, undisclosed swap fees are charged for positions held overnight or over the weekend. The lack of comprehensive details about these extra costs suggests the possibility of hidden fees that could erode trader profits.
Whether depositing funds or withdrawing earnings from Quant Tekel, a variety of payment methods are available. After signing up and accessing the Quant Tekel login page, you’ll need to select an evaluation plan, with the following payment options:
Deposit Methods
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Debit and credit card payments via Tazapay
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Credit and debit card payments through UPI
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Crypto payments via BoomFi
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PayPal
Withdrawal Methods
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RiseWorks for fiat withdrawals
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Cryptocurrencies (USDC)
Note that the payment method you choose must reflect the personal information registered with Quant Tekel, prohibiting the use of third-party payments.
Similar to other prop firms, Quant Tekel offers varying leverage levels to accommodate traders with different risk preferences. Depending on the selected evaluation plan, you can access the following margins:
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Forex: 1:30, 1:50, or 1:100 leverage
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Indices, Metals, and Oil: 1:15 or 1:35
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Crypto: 1:1 or 1:2.5
These diverse leverage options enable traders to identify the risk level that best fits their strategy and supports informed trading decisions.
Quant Tekel currently integrates four trading platforms:
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MetaTrader 5 (MT5)
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TradeLocker
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cTrader
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DX Trade
These are among the most respected and widely used financial trading platforms, providing users with diverse charting tools and resources to navigate markets effectively. This support for top-tier brokers is a significant strength for Quant Tekel.
However, a notable absence is the MetaTrader 4 (MT4) platform, which remains popular among traders. For trading bots, Quant Tekel permits access via cTrader, known for its robust support of algorithmic trading, which traders can leverage. Some users, however, have reported that the trading bots perform inconsistently.
Expert Advisors (EAs) and copy trading are also permitted on Quant Tekel, but strict guidelines apply. EAs and trade copiers require review and approval before use; unapproved accounts will be flagged. Additionally, you may create multiple accounts up to a $200,000 limit during evaluation or live trading, but replicating trades or using identical strategies across accounts is forbidden. Multiple traders are also barred from employing the same EAs or collaborative trading approaches.
Quant Tekel features three primary evaluation programs: QT Instant, QT Prime, and QT Power. Each program offers distinct funding levels as outlined below:
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QT Instant: Funding options include $1,250, $2,500, $5,000, $10,000, and $25,000.
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QT Prime: Funding options are $10,000, $25,000, $50,000, $100,000, and $200,000.
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QT Power: Funding options are $5,000, $10,000, $25,000, $50,000, and $100,000.
All accounts provide profit splits up to 80%, which is relatively modest compared to firms like TraderScale and FundedNext, offering up to 100% profit splits. Profits are withdrawable bi-weekly, a less flexible schedule than alternatives with weekly payouts.
Let’s examine the detailed breakdown of Quant Tekel’s funding programs below.
QT Instant
As the name implies, the QT Instant account offers a swift path to funding without evaluations, making it ideal for experienced traders seeking immediate profit opportunities. Note that this plan is restricted to the MT5 platform.
Accounts range from $1,250 to $25,000 with 1:30 leverage for FX, 1:15 leverage for indices, metals, and oil, and 1:1 leverage for cryptocurrencies. Detailed breakdown:
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Evaluation Funding Capital: $25,000 max
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Profit Target: 5% before withdrawal request
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Maximum Daily Loss (Drawdown): 3%
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Maximum Loss (Drawdown): 6%
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Profit Split: Up to 80%
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Minimum Trading Days: 5 days
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Maximum Trading Days: Unlimited
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Consistency: 25%
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Payout Frequency: Bi-weekly
QT Instant Table
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Max Daily Loss |
Max Loss |
Fee |
|---|---|---|---|---|---|---|---|
| $1,250 |
Unlimited |
Up to 80% |
1:30 max |
5% | 3% | 6% | $20 |
| $2,500 |
Unlimited |
Up to 80% |
1:30 max |
5% | 3% | 6% | $40 |
| $5,000 |
Unlimited |
Up to 80% |
1:30 max |
5% | 3% | 6% | $65 |
| $10,000 |
Unlimited |
Up to 80% |
1:30 max |
5% | 3% | 6% | $110 |
| $25,000 |
Unlimited |
Up to 80% |
1:30 max |
5% | 3% | 6% | $200 |
QT Prime 2-Step Evaluation
The QT Prime account is tailored for traders seeking a steady approach to completing evaluations and securing funding. With no consistency rule and the option for two or three steps, it offers account sizes from $10,000 to $200,000.
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Evaluation Funding Capital: $200,000 max
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Profit Target: 8% for Step 1 and 5% for Step 2
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Maximum Daily Loss (Drawdown): 4%
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Maximum Loss (Drawdown): 10%
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Profit Split: Up to 80%
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Minimum Trading Days: 4 days (0.1 days included)
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Maximum Trading Days: Unlimited
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Payout Frequency: Bi-weekly
QT Prime 2-Step Evaluation Table
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Max Daily Loss |
Max Loss |
Fee |
|---|---|---|---|---|---|---|---|
| $10,000 |
Unlimited |
Up to 80% |
1:50 max |
8% (Step 1), 5% (Step 2) |
4% | 10% | $66 |
| $25,000 |
Unlimited |
Up to 80% |
1:50 max |
8% (Step 1), 5% (Step 2) |
4% | 10% | $158 |
| $50,000 |
Unlimited |
Up to 80% |
1:50 max |
8% (Step 1), 5% (Step 2) |
4% | 10% | $242 |
| $100,000 |
Unlimited |
Up to 80% |
1:50 max |
8% (Step 1), 5% (Step 2) |
4% | 10% | $500 |
| $200,000 |
Unlimited |
Up to 80% |
1:50 max |
8% (Step 1), 5% (Step 2) |
4% | 10% | $950 |
QT Prime 3-Step Evaluation
This is the most accessible funding plan on Quant Tekel, offering multiple trading opportunities across three steps with a simulated account to potentially qualify for funding. Account sizes range from $10,000 to $200,000, supported on MT5, TradeLocker, and cTrader.
QT Prime 3-Step Evaluation Table
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Max Daily Loss |
Max Loss |
Fee |
|---|---|---|---|---|---|---|---|
| $10,000 |
Unlimited |
Up to 80% |
1:50 max |
6% (all three steps) |
4% | 10% | $60 |
| $25,000 |
Unlimited |
Up to 80% |
1:50 max |
6% (all three steps) |
4% | 10% | $132 |
| $50,000 |
Unlimited |
Up to 80% |
1:50 max |
6% (all three steps) |
4% | 10% | $200 |
| $100,000 |
Unlimited |
Up to 80% |
1:50 max |
6% (all three steps) |
4% | 10% | $400 |
| $200,000 |
Unlimited |
Up to 80% |
1:50 max |
6% (all three steps) |
4% | 10% | $680 |
Note: The two-step and three-step QT Prime challenges include a 1.5% equity protector to close positions at a 1.5% floating loss, preventing breaches of maximum drawdown limits. You can opt for raw spreads with commissions or variable spreads without commission.
QT Power 1-Step and 2-Step Evaluation
With access to MT5 and TradeLocker, the QT Power account delivers the best experience for novice traders and those seeking optimal value. It offers a 1-step option with account sizes from $5,000 to $100,000, and a two-step plan with the same range. You can select your commission preference, though a 35% consistency rule applies.
QT Power 1-Step and 2-Step Evaluation Table
|
Funded Account |
Trading Period |
Profit Split |
Leverage |
Profit Target |
Max Daily Loss |
Max Loss |
Fee |
|---|---|---|---|---|---|---|---|
| $5,000 |
Unlimited |
Up to 80% |
1:100 max |
6% (all steps) |
4% | 10% | $26 |
| $10,000 |
Unlimited |
Up to 80% |
1:100 max |
6% (all steps) |
4% | 10% | $52 |
| $25,000 |
Unlimited |
Up to 80% |
1:100 max |
6% (all steps) |
4% | 10% | $105 |
| $50,000 |
Unlimited |
Up to 80% |
1:100 max |
6% (all steps) |
4% | 10% | $210 |
| $100,000 |
Unlimited |
Up to 80% |
1:100 max |
6% (all steps) |
4% | 10% | $400 |
Follow these straightforward steps to register and secure funding:
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Visit the Quant Tekel website and click the “Get Started” button to create an account.
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Choose an evaluation program and click “Buy Challenge.”
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Provide your personal details and select a payment method.
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Review and accept the terms and conditions.
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Complete the payment and begin your Challenge.
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Successfully complete the Challenge to receive funding.
Since its launch in 2023, Quant Tekel has rapidly established itself among the leading prop firms. With affordable funding programs starting at $20 (or $16 with a discount), it caters to both novice and professional traders. The platform also boasts a TrustScore of 4.4/5, with many users praising the customer support team, though some unverified scam allegations persist.
You cannot freely select your preferred platform, as specific platforms are tied to different evaluation programs. Additionally, all funding plans cap profit splits at 80% unless add-ons are purchased to increase them to 90%, and the platform lacks support for stocks, futures, and options trading. Overall, Quant Tekel offers a solid foundation but falls short in several areas.
