Quant Tekel - Prop Firm Review

What Quant Tekel is

Quant Tekel runs its prop product as QT Funded (previously branded Ascendx Capital). It’s a 2023-founded, simulated multi-asset firm: you trade forex, indices, commodities and crypto CFDs — plus a separate futures line — on MT5, cTrader or TradeLocker. The corporate setup is deliberately layered: customers contract with an offshore St. Vincent and the Grenadines entity, a UK company handles payments (and states it provides no regulated services), and a separate South African brokerage arm holds an FSCA licence. That last point matters, because the site’s prominent “regulated by the FSCA” framing applies to the brokerage arm, not to the simulated prop product you actually buy — which is unregulated. Fees are subscriptions, not client money.

The feature that defines it: a “Payout Guarantee” safety net

Quant Tekel’s clearest differentiator is what it markets as an industry-first Payout Guarantee. On its 2-Step and 2-Step Elite accounts, if you break a (non-prohibited) rule after you’ve requested a withdrawal, or breach while in profit, you don’t simply lose everything — you still receive 10% of the profit generated before the breach, or a full refund of your evaluation fee, whichever is greater, plus a Phase-1 reset where applicable. It can be used up to three times per trader. Almost every prop firm treats a rule breach as total loss of the account and all profit, so converting the first three slip-ups into a partial-recovery safety net is a genuinely trader-friendly idea and the firm’s best hook, alongside a notably low 7% Phase-1 target.

The honest limitation: the guarantee excludes “prohibited strategies” and platform or IP violations — and those are exactly the grounds cited in the real-world payout disputes below. So the safety net is narrower in practice than the headline suggests.

The concern: payout enforcement

We’d be doing you a disservice not to foreground this. Quant Tekel is operating and does pay many traders — this is not an exit scam. But through 2026 there is a rising pattern of denied and delayed payouts: withdrawals stuck “submitted” for weeks citing “internal changes,” and cases where sizeable payouts were refused and the account reset over an after-the-fact rule interpretation (for example a “layering” call on simultaneous positions). Independent trackers show the prop entity’s rating drifting down over the year even as the on-site Trustpilot figure (which blends the broker and support chats) stays high. The takeaway isn’t “never use it” — it’s to read the prohibited-strategy rules carefully, keep your trading unambiguously within them, and treat the fast-payout marketing with a healthy skepticism.

Models, rules and payouts

The lineup is broad: a standard 2-Step, a 2-Step Elite (no funded profit cap), Instant funding, a 1-Step “Pay When Funded” option (pay only once funded), and QT Power (on-demand payouts). Account sizes run $2.5K to $200K, with funded allocation up to $300K (not the $2M some third parties claim). Typical rules: a 7% Phase-1 and 5% Phase-2 target, 4% daily and 10% maximum drawdown, with a 4-day minimum. The base split is 80%, rising to 90% via add-on and scaling, with default 14-day payouts (7-day and on-demand options available) processed within about 24 business hours by crypto or wire. Swap-free, EA use and a faster payout cycle are free checkout add-ons. US traders are accepted but must use TradeLocker (MT5 and cTrader aren’t available to US residents).

Who it suits

On paper Quant Tekel is one of the more feature-rich, flexible offers around — low target, high split, a partial-loss safety net, and instant/1-step/pay-later choices including US access via TradeLocker. In practice, whether it’s right for you hinges on your tolerance for an offshore, unregulated structure and the current payout-enforcement doubts. If you go ahead, favour the smallest sensible account first and keep strictly inside the rulebook.

Frequently Asked Questions

Is Quant Tekel (QT Funded) regulated and legit?

Quant Tekel is a real, operating simulated prop firm trading as QT Funded, but the prop product is not regulated. Customers contract with an offshore St. Vincent and the Grenadines entity, a UK company handles payments and provides no regulated services, and the FSCA licence shown on the site belongs to a separate South African brokerage arm, not the simulated prop product. Fees are subscriptions rather than client money.

What is Quant Tekel’s Payout Guarantee?

It is a partial-loss safety net on the 2-Step and 2-Step Elite accounts. If you breach a non-prohibited rule after requesting a payout, or breach while in profit, you still receive 10% of the profit generated before the breach or a full refund of your evaluation fee, whichever is greater, plus a Phase-1 reset where applicable, usable up to three times. It excludes prohibited strategies and platform or IP violations, so it is narrower than the headline suggests.

Does Quant Tekel actually pay out?

It does pay many traders and is not an exit scam, but payout reliability is the main concern. Through 2026 there is a rising pattern of denied and delayed payouts, including withdrawals stuck for weeks citing internal changes and refusals over after-the-fact rule interpretations. We advise reading the prohibited-strategy rules carefully, staying clearly within them, and treating fast-payout marketing with caution.

Does Quant Tekel accept US traders?

Yes, US traders are accepted, but with a platform restriction: MT5 and cTrader are not available to US residents, so US clients must use TradeLocker. The same MT5 restriction applies to Canadian residents.

What are Quant Tekel’s account options, rules and split?

Quant Tekel offers a 2-Step, a 2-Step Elite with no funded profit cap, Instant funding, a 1-Step Pay When Funded option, and QT Power with on-demand payouts. Account sizes run from 2,500 to 200,000 dollars, with funded allocation up to 300,000. Typical rules are a 7% Phase-1 and 5% Phase-2 target with 4% daily and 10% maximum drawdown, and the base split is 80%, rising to 90% via add-on and scaling.

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