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 $200,000, 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 evaluation models for traders looking to prove their skills and earn access to trading capital. Each model has its own set of rules, pricing, and profit targets.

1-Phase Evaluation

Pricing:

• $10,000 Account: $70
• $25,000 Account: $149
• $50,000 Account: $213
• $100,000 Account: $360
• $200,000 Account: $671

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 2%
• Profit Share: 90%
• Drawdown Type: Static
• Time Limit: Unlimited
• Leverage: Forex - 1:100, Metals & Indices - 1:20, Crypto - 1:2
• Max Lot Size:
  • $200k Account: 80 lots
  • $100k Account: 40 lots
  • $50k Account: 20 lots
  • $25k Account: 10 lots
  • $10k Account: 5 lots
• Payout Frequency: Every 14 days
• Allows Copy Trading: Yes
• Minimum Trading Days:
  • In evaluation phase: 3 days
  • In funded phase: 4 days

2-Phase Evaluation

• Pricing:
  • $10,000 Account: $60
  • $25,000 Account: $140
  • $50,000 Account: $200
  • $100,000 Account: $350
  • $200,000 Account: $600
• Rules:
  • Profit Target (Phase 1): 7%
  • Profit Target (Phase 2): 5%
  • Total Loss: 10%
  • Daily Loss: 4%
  • Profit Share: 90%
  • Drawdown Type: Static
  • Time Limit: Unlimited
  • Leverage: Forex - 1:100, Metals & Indices - 1:20, Crypto - 1:2
  • Max Lot Size:
    • $200k Account: 80 lots
    • $100k Account: 40 lots
    • $50k Account: 20 lots
    • $25k Account: 10 lots
    • $10k Account: 5 lots
  • Payout Frequency: Every 14 days
  • Allows Copy Trading: Yes
  • Minimum Trading Days:
    • In evaluation phase: 3 days
    • In funded phase: 4 days

3-Phase Evaluation

• Pricing:
  • $10,000 Account: $51
  • $25,000 Account: $113
  • $50,000 Account: $173
  • $100,000 Account: $282
  • $200,000 Account: $498
• Rules:
  • Profit Target (Phase 1, 2 & 3): 6%
  • Total Loss: 10%
  • Daily Loss: 4%
  • Profit Share: 90%
  • Drawdown Type: Static
  • Time Limit: Unlimited
  • Leverage: Forex - 1:100, Metals & Indices - 1:20, Crypto - 1:2
  • Max Lot Size:
    • $200k Account: 80 lots
    • $100k Account: 40 lots
    • $50k Account: 20 lots
    • $25k Account: 10 lots
    • $10k Account: 5 lots
  • Payout Frequency: Every 14 days
  • Allows Copy Trading: Yes
  • Minimum Trading Days:
    • In evaluation phase: 3 days
    • In funded phase: 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: Positions opened more than 5 minutes before a news event can be held through the 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 forfeiture of profit.
  • Second Violation: Hard breach of the account.

Other Important Rules

Daily Drawdown Calculation:

The daily drawdown is based on the balance or equity at the end of the day. If the balance increases or decreases, the drawdown limit is adjusted accordingly.

Countries Banned from Purchasing:

QuantTekel restricts users from the following countries:

• Iran
• Iraq
• North Korea
• Russia
• Pakistan

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 enforces a strict set of rules to prevent unfair trading practices, including:

• Arbitrage
• Latency trading
• Front-running price feeds
• Exploiting mispricing
• High-frequency trading (tick scalping)
• Reverse trading or group hedging Additionally, account management services are not allowed, and all accounts must be traded by the individual who registered.

Payout Methods

QuantTekel offers fast payouts every 14 days, with two main payout methods:

• Rise
• Crypto

The minimum payout amount is $100.

Trading Commissions

All instruments incur a trading commission of:

• $2 per lot
• $4 per round lot