Quant Tekel – Prop Firm Review
- Adaptable strategies to suit every trading style
- Premium tools designed for aspiring traders
- Exceptional customer support from a devoted team
- Profit splits paid super fast
- Diverse account options to match all traders needs
Company Overview
Quant Tekel is an innovative proprietary trading firm that offers funded trading accounts to both novice and experienced traders. Founded with the mission to empower traders, Quant Tekel provides access to significant capital without requiring traders to risk their own funds. The firm stands out for its two-phase evaluation process: the Challenge Phase and the Verification Phase, both designed to identify disciplined traders who can consistently generate profits.
What sets Quant Tekel apart is its trader-friendly approach, featuring reasonable profit targets, flexible trading conditions, and a scaling program that allows successful traders to increase their account size over time. With a strong emphasis on transparency and trader support, Quant Tekel provides comprehensive educational resources, real-time metrics through an intuitive dashboard, and responsive customer service to help traders succeed.
Key Features at a Glance
Challenge Fees
- $10,000 Account – $99 one-time fee for evaluation access
- $25,000 Account – $199 one-time fee for evaluation access
- $50,000 Account – $299 one-time fee for evaluation access
- $100,000 Account – $499 one-time fee for evaluation access
- $200,000 Account – $999 one-time fee for evaluation access
Account Types
- Standard Challenge: Ideal for beginners with moderate profit targets and risk parameters
- Professional Challenge: Designed for experienced traders with more aggressive profit targets and flexible trading rules
- Funded Account: Awarded after successful completion of challenge phases, allowing traders to earn real profits
Profit Split Options
- 80/20 Split: Traders receive 80% of profits, Quant Tekel receives 20%
- 90/10 Split: Available for high-performing traders after consistent profitability
- Account Scaling: Profit splits improve as traders demonstrate consistent performance
Account Sizes
- $10,000: Entry-level account for new traders with lower challenge fee
- $25,000: Mid-sized account offering good balance of capital and risk
- $50,000: Advanced account for traders with proven strategies
- $100,000: Professional-level account for experienced traders
- $200,000: Highest tier account for elite traders with proven track records
Trading Platforms
- MetaTrader 4: Industry-standard platform with extensive charting and analysis tools
- MetaTrader 5: Advanced platform with expanded capabilities and additional timeframes
- TradingView: Web-based platform with social trading features and superior charting
- cTrader: Modern platform with deep market analysis and algorithmic trading capabilities
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock market indices including S&P 500, NASDAQ, FTSE, DAX
- Commodities: Energy, metals, and agricultural products including gold, oil, and natural gas
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other altcoins
- Stocks: Access to major US and international equities markets
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | Unlimited | Unlimited |
| Profit Target | 12% | 8% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Traders can manage up to $1,000,000 through the scaling program
- Scaling: 25% increase in account size for every 10% profit achieved on funded accounts
- Trading Competitions: Monthly contests with cash prizes for top-performing traders
- Free Trial: 7-day demo account available to test the platform before purchasing a challenge
- Profit Targets: Standard Challenge (8%/5%) and Professional Challenge (12%/8%) for phases 1 and 2
- Drawdown Structure:
- Daily: 5% for Standard, 6% for Professional (calculated from starting balance)
- Maximum: 10% for Standard, 12% for Professional (calculated from starting balance)
- Trailing: Applied only to funded accounts, calculated based on highest achieved equity
Trading Rules and Requirements
- No overnight holding of positions on specific high-impact news days
- Account must be actively traded with minimum trading days requirement
- Maximum leverage of 1:100 on forex pairs and 1:20 on indices
- Prohibited trading strategies include arbitrage, hedging on same instrument, and excessive EA usage
- Risk management protocols must be followed (stop-loss required on all trades)
- Position sizing limited to 5% of account balance per trade
- Weekend holding allowed for most instruments except those with high volatility risk
Company Information
- Founded in 2019 by a team of professional traders and financial analysts
- Headquarters located in London, UK with additional offices in New York and Singapore
- Regulated by the Financial Conduct Authority (FCA) in the UK
- Client funds are held in segregated accounts with top-tier banks
- 24/5 customer support available via live chat, email, and phone
- Educational resources include webinars, trading courses, and market analysis
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (24-48 hours)
- Skrill (24-48 hours)
- Neteller (24-48 hours)
- Bitcoin and other cryptocurrencies (1-24 hours)
- Minimum payout amount: $100
- Profit splits processed on the 15th and 30th of each month
Trading Commissions
- Forex: $7 per lot round turn ($3.5 per side)
- Indices: $7 per lot round turn ($3.5 per side)
- Commodities: $7 per lot round turn ($3.5 per side)
- Cryptocurrencies: 0.05% of trade value
- Stocks: $0.01 per share with $1 minimum
- No hidden fees or markup on spreads
IP Rules
- One unique IP address per trader account
- IP changes must be approved in advance through the support team
- VPN usage is prohibited during challenge and verification phases
- Mobile trading allowed with prior registration of devices
- Maximum of 3 registered devices per account
- Traveling traders must notify support team in advance of location changes
Video Review
Quant Tekel Review
Comprehensive review of Quant Tekel trading services
Unique Features
Trader Education
- Comprehensive trading academy with video courses
- Weekly live webinars with professional traders
- One-on-one mentoring sessions for funded traders
- Trading psychology workshops
Trading Tools
- Proprietary risk management dashboard
- Advanced position sizing calculator
- Economic calendar with volatility indicators
- Custom technical indicators package
- Trade journal integration
Why Choose Quant Tekel?
Quant Tekel stands out in the crowded prop firm landscape by offering a trader-centric approach focused on long-term success rather than quick profits. The firm’s evaluation process is designed to identify disciplined traders who can consistently generate returns while managing risk effectively.
Key advantages include:
- Generous profit split starting at 80/20 in favor of traders
- Rapid scaling program allowing traders to double account size in months
- No time limits on Professional Challenge, reducing unnecessary pressure
- Low challenge fees compared to industry averages
- Bi-monthly payouts for consistent cash flow
- Comprehensive educational resources and trading tools
- Transparent rules with a focus on realistic trading conditions
Frequently Asked Questions
How long does it take to get funded?
After completing both the Challenge and Verification phases successfully, traders typically receive their funded account credentials within 1-3 business days. The entire process can take as little as 30 days for skilled traders who meet profit targets quickly.
Can I hold positions over the weekend?
Yes, weekend holding is allowed for most instruments. However, certain volatile instruments or during major economic events, Quant Tekel may require closing positions before the weekend. All such requirements are clearly communicated in advance through the trader dashboard.
What happens if I break a rule?
Rule violations are handled on a case-by-case basis. Minor infractions typically result in warnings, while serious violations like using prohibited trading strategies may lead to account termination. Traders are always notified about potential issues before any account action is taken.
Can I trade news events?
Yes, trading during news events is permitted. However, traders are advised to exercise caution and adjust position sizing accordingly due to increased volatility. For major economic releases, special risk parameters may be temporarily implemented.
How often can I withdraw profits?
Profit withdrawals are processed twice monthly on the 15th and 30th. There is no limit to how often you can request withdrawals, as long as the minimum withdrawal amount of $100 is met. The first withdrawal for new funded traders is typically processed within 5-7 business days, with subsequent withdrawals being faster.
