Details About Quant Tekel
- Legal Name: The legal name of Quant Tekel is Quant Tekel LTD.
- Company Number: The registration number of Quant Tekel is 15202495.
- Country of Registration: Quant Tekel is registered in GB.
- CEO: The CEO of Quant Tekel is Tanswell Sassman.
- Support Mail: You can contact Quant Tekel at [email protected].
- Phone: The phone number for Quant Tekel is not publicly available.
- Payment Modes: Quant Tekel supports payments via Crypto.
- Withdrawal Modes: Quant Tekel facilitates withdrawals through Rise, Crypto.
- Official Website: Visit the official website of Quant Tekel at https://quanttekel.com.
- Banned Countries: Quant Tekel does not allow traders from Iran, Iraq, North Korea, Pakistan, Russia.
Challenge Details at Quant Tekel
- Types of Challenge:The challenges offered at Quant Tekel include Two Phase Challenge.
- Trading Platforms:Quant Tekel supports trading on cTrader, DXTrade.
- Trading Instruments:Traders at Quant Tekel can trade Forex, Crypto, Indices, Commodities.
- Broker:The broker associated with Quant Tekel is not disclosed.
- Max Allocation:The maximum allocation provided by Quant Tekel is 400,000.
- Scaling:The scaling potential at Quant Tekel reaches up to 2,000,000.
- Trading Competitions:Quant Tekel organizes trading competitions for traders.
- Free Trials:Quant Tekel does not offer free trials to its users.
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
Quant Tekel Challenge Account Pricing
1 Phase Evaluations
Pricing
Size: $10000 ($70)
Size: $25000 ($149)
Size: $50000 ($213)
Size: $100000 ($360)
Size: $200000 ($671)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
6%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
10%
Daily Loss
2%
2 Phase Evaluations
Pricing
Size: $10000 ($60)
Size: $25000 ($140)
Size: $50000 ($200)
Size: $100000 ($350)
Size: $200000 ($600)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
10%%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
7%-5%
Daily Loss
4%
3 Phase Evaluations
Pricing
Size: $10000 ($51)
Size: $25000 ($113)
Size: $50000 ($173)
Size: $100000 ($282)
Size: $200000 ($498)
Features
Drawdown Type
Equity Based Drawdown
Copy Trading
Copy Trading Allowed
Drawdown
10%
EA Allowed
EA Allowed
News Trading
News Trading is Allowed
Profit Target
6%-6%-6%
Daily Loss
4%
Frequently Asked Questions
Reviews
I recently tried a 10K account challenge from Ascendx and overall i had no issues whatsoever, Got my account instantly and website dashboard was really easy to understand, for basic queries you can just hop on their discord and ask.
Shivam Tripathi
This is a good prop firm. Firstly i invested with them because they offered mt5 but they stopped offering mt5. Overall they overcome every problem they face and bring solutions. They offer ctrader and recently they offered compensation to all accounts for waiting. Transparency at its peak.
Muhammad yousaf Ansar iqbal
I love the customer care and moderator. Reply is prompt in any situation. The most important thing is nothing goes without a prior information like server and upgradation
Amit Kumar
Web Traffic Data
Web Traffic
Total Overview
Pages per visit
340,003
Total Visits
4.372
Global Rank
135,080
Country Rank
23,118
Traffic Source
Spending on vaarious categories
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Paid Referral
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Direct
Sales By Countries
Monthly Sales Overview