QuantTekel is a brokerage and prop trading firm which was formerly known as AscendX Capital. In early September of 2024, they have changed their name as QuantTekel. Although the name has changed but they still has continued to provide traders with access to trading capital, exceptional conditions, and industry-leading profit sharing. Offering a variety of evaluation models tailored to different trader needs, QuantTekel is focused on helping traders achieve financial freedom through flexible trading opportunities. With competitive pricing, Maximum allocation of $400,000, a generous 90% profit share, and minimal restrictions on trading styles, it stands out as a top choice for traders seeking to scale their skills.

Company Information

• Company Name: QuantTekel
• Company Legal Name: QUANT TEKEL Pty Ltd
• Company Registration No.: 2021/321922/07
• Operating Since: 2021
• CEO Name: Tanswell Sassman
• Registered Country: South Africa
• Address: 60 Noll Avenue, Gatesville, Cape Town, Western Cape, 7764, South Africa

Challenge Details

QuantTekel offers three types of programs, QT Classic, Qt Advanced and QT Power. Each Program comes with different 1-Step, 2-Step and 3-Step challenge accounts. Here are the details :-

QT Classic

QT Classic program comes with 1-Step, 2-Step and 3-Step challenge accounts.

QT Classic (1-Step)

Pricing:

• $10,000 Account: $95
• $25,000 Account: $200
• $50,000 Account: $285
• $100,000 Account: $720
• $200,000 Account: $900

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80%,  up to 90%
• Drawdown Type: Trailing
• Time Limit: Unlimited
• Leverage: Forex - 1:30, Metals & Indices - 1:15, Crypto - 1:1
• Max Lot Size: Not mentioned
• Payout Frequency: 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 4 Days

QT Classic (2-Step)

Pricing:

• $10,000 Account: $60
• $25,000 Account: $144
• $50,000 Account: $216
• $100,000 Account: $420
• $200,000 Account: $816

Rules:

• Profit Target (Phase 1): 7%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 4%
• Profit Share: 80%,  up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Forex - 1:30, Metals & Indices - 1:15, Crypto - 1:1
• Max Lot Size: Not mentioned
• Payout Frequency: 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 4 Days

QT Classic (3-Step)

Pricing:

• $10,000 Account: $48
• $25,000 Account: $120
• $50,000 Account: $180
• $100,000 Account: $336
• $200,000 Account: $564

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 6%
• Profit Target (Phase 3): 6%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 80%,  up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Forex - 1:30, Metals & Indices - 1:15, Crypto - 1:1
• Max Lot Size: Not mentioned
• Payout Frequency: 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 4 Days

QT Advanced

QT Advanced program comes with 2-Step and 3-Step challenge accounts.

QT Advanced (2-Step)

Pricing:

• $10,000 Account: $60
• $25,000 Account: $144
• $50,000 Account: $216
• $100,000 Account: $420
• $200,000 Account: $816

Rules:

• Profit Target (Phase 1): 7%
• Profit Target (Phase 2): 5%
• Total Loss: 10%
• Daily Loss: 4%
• Profit Share: 80%,  up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Forex - 1:30, Metals & Indices - 1:15, Crypto - 1:1
• Max Lot Size: Not mentioned
• Payout Frequency: 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 4 Days

QT Advanced (3-Step)

Pricing:

• $10,000 Account: $48
• $25,000 Account: $120
• $50,000 Account: $180
• $100,000 Account: $336

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 6%
• Profit Target (Phase 3): 6%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 80%,  up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Forex - 1:30, Metals & Indices - 1:15, Crypto - 1:1
• Max Lot Size: Not mentioned
• Payout Frequency: 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 4 Days

QT Power

QT Power program comes with only a 2-Step challenge accounts. Here are the details

Pricing:

• $5,000 Account: $21.88
• $10,000 Account: $43.75
• $25,000 Account: $87.50
• $50,000 Account: $175
• $100,000 Account: $337.50

Rules:

• Profit Target (Phase 1): 6%
• Profit Target (Phase 2): 6%
• Total Loss: 8%
• Daily Loss: 3%
• Profit Share: 80%,  up to 90%
• Drawdown Type: Static Drawdown
• Time Limit: Unlimited
• Leverage: Forex - 1:30, Metals & Indices - 1:15, Crypto - 1:1
• Max Lot Size: Not mentioned
• Payout Frequency: 14 days
• Allows Copy Trading: No
• Minimum Trading Days: 4 Days

Scaling Plan

QuantTekel offers a really attractive scaling plan. In the checkout page, if a trader selects 80% profit share option, the trader will be able to scale their account.

Eligibility Criteria :- To be Eligible, Trader must have to make 10% profit in their funded account.

Benefits :- Trader's account can grow up to $2,000,000. 

Spreads and News Trading Rules

Spreads:

QuantTekel aims to offer the lowest spreads in the industry with lightning-fast execution. Traders can expect highly competitive spreads on all major asset classes including Forex, metals, indices, and crypto.

News Trading Rules:

• Trade Timing: No trades are allowed 5 minutes before or after a high economic news release.
• Permissible Orders: Traders are allowed to hold their trades throughout their news event.
• Prohibited Actions: No manual opening or closing of trades 5 minutes before or after a high-impact news event. Moving Stop Loss (SL) or Take Profit (TP) is also prohibited during this time.
• Consequences:
  • First Violation: Soft breach and removal of profit.
  • Second Violation: Hard breach and account will be failed.

Other Important Rules

Daily Drawdown Calculation:

QuantTekel calculates daily drawdown based on the balance or equity at the end of each day at at 20:59 UTC, the drawdown used here is balance based drawdown which means the drawdown limit only increases or decreases based on the balance of the account.

Countries Banned from Purchasing:

QuantTekel restricts users from the following countries:

• Iran
• Iraq
• North Korea
• Russia
• Pakistan

QuantTekel has also restricted few countries to use MetaTrader 5 and cTrader platform, traders from these restricted countries can still trade with DXTrade :-

• Russia (MetaTrader 5)
• United States (MetaTrader 5 and cTrader)
• Canada (MetaTrader 5)

Gambling Rules:

• Maximum Risk: Traders cannot risk more than 3% of their account balance at any given time.
• All-or-Nothing Approach: Traders are prohibited from engaging in gambling-like behavior or "all-in" trades. Breaching these rules can result in immediate account closure.

Prohibited Trading Strategies:

QuantTekel does not allow traders to use any of these strategies listed below :

• Arbitrage Trading
• Latency trading
• Front-running price feeds
• Exploiting mispricing
• High-frequency trading
• Tick scalping
• Reverse trading or hedging
• group hedging
• Account management services

Payout Methods

QuantTekel offers 2 main payout methods :-

• Rise
• Crypto

The minimum payout amount is $110.

Trading Commissions

All instruments incur a trading commission of:

• $2 per lot
• $4 per round lot