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
Firm Overview
Quant Tekel was incorporated in October 2023 by Scott Flook in the UK. It previously operated as AscendX Capital before rebranding to Quant Tekel, and its prop trading arm has since been branded as QT Funded (accessible at qtfunded.quanttekel.com). The firm is FSCA-authorised in South Africa (FSP No. 53227), providing a degree of regulatory oversight not present at many prop firms. A significant rule overhaul in February 2025 introduced new trading restrictions including daily trade limits and balance percentage requirements, which caused considerable backlash from existing funded traders. Traders researching Quant Tekel should ensure they are reading the current rules, as pre-2025 reviews may describe different conditions.
Programs
- QT Prime (2-Step): Two-phase evaluation. Phase 1: 8% profit target, 5% daily drawdown, 10% max drawdown, min 5 trading days. Phase 2: 4% profit target. 80% split (upgradeable to 90%).
- QT Instant: No evaluation — immediate access to funded account. Accounts from $1,250. 80% profit split. 3% daily drawdown, 6% max drawdown, 25% consistency rule. NOT available in US or Canada.
- QT Power (2-Step alternative): Different risk parameters from QT Prime — check current terms on quanttekel.com.
- QT Ultra: Higher-tier program — verify current pricing and rules on website.
Key Trading Rules
- News trading: Allowed, but quickly closed trades may be rejected
- EAs: Allowed with prior approval — request a free demo account for strategy approval first
- Scalping: Allowed with prior EA approval
- Overnight/weekend holding: Permitted
- Martingale: Prohibited
- Arbitrage and HFT: Prohibited
- Reverse trading and group hedging: Prohibited
- Swap-free accounts: Available
Company Information
- Founded: October 2023 (as AscendX Capital; rebranded to Quant Tekel/QT Funded)
- Founder: Scott Flook
- HQ: London, UK
- FSCA Authorised: South Africa, FSP No. 53227
- Prop arm website: qtfunded.quanttekel.com
- Trustpilot: 12,315+ reviews (on QT Funded Trustpilot profile)
- Platforms: MetaTrader 5 (MT5), cTrader, DXTrade, TradeLocker
- Markets: Forex, CFDs on Indices, Crypto, Commodities
- Accounts: $2,500–$200,000; scaling to $2,000,000
- Profit split: 80% → 90% based on performance
- Payouts: Bi-weekly
Why Choose Quant Tekel / QT Funded?
QT Funded’s four-platform support, FSCA authorisation, and accessible entry point ($2,500 minimum) make it technically competitive. The QT Instant option for traders who don’t want an evaluation is a useful alternative to traditional challenges. The main concerns are the February 2025 rule changes that affected existing funded traders without clear prior notice, reported payout disputes, and the firm’s short history with multiple rebrands. Traders should read the current terms carefully, particularly the consistency and daily trade rules, before purchasing an account.
Frequently Asked Questions
How do I become a funded trader with QT Funded?
Choose an evaluation plan — QT Prime (2-step), QT Power, or QT Instant (no evaluation required). Pass the profit targets without breaching any drawdown or consistency rules. QT Funded’s compliance team then reviews your trading history, and once approved, you receive access to a funded account with up to 90% profit split.
What trading platforms does QT Funded support?
QT Funded supports three platforms: TradeLocker (modern web-based platform with advanced features), cTrader (professional-grade with automated trading tools), and MetaTrader 5 (MT5). All platforms are available on desktop and mobile and provide real-time market data.
Is Quant Tekel / QT Funded regulated?
Yes. Quant Tekel (Pty) Limited is FSCA-authorised in South Africa (FSP No. 53227), providing a degree of regulatory oversight that many prop firms lack. The registered office is located at 60 Noll Avenue, Gatesville, Cape Town, Western Cape, 7764, South Africa.
How often can I request a payout?
Funded traders can request payouts on a bi-weekly basis. Payouts are processed via cryptocurrency or wire transfer. The first payout can be requested after completing at least one trading day on the funded account.
Can I hold positions overnight and over the weekend?
Yes, overnight and weekend holding is permitted across all QT Funded programs. Swap-free (Islamic) accounts are also available for traders who require them. Cryptocurrency markets can be traded 24/7 including weekends.
There are no reviews yet.