Introduction
Quant Tekel, a proprietary trading firm headquartered in South Africa, has been gaining traction since its launch in October 2023. Formerly known as AscendX Capital, it rebranded to Quant Tekel in September 2024. The firm offers traders access to virtual capital accounts ranging from $10,000 to $200,000, with the possibility of scaling up to $2 million and earning up to 90% of profits.
Table of Contents
- Introduction
- Quant Tekel Is Now QT Funded: What Changed
- What QT Funded Offers
- Reputation and Feedback
- Strengths of Quant Tekel
- Weaknesses to Consider
- How It Compares to Competitors
- Deposits and Withdrawals
- Getting Started
- Is Quant Tekel Worth It?
- FAQ
- Where to Learn More
- Looking to Automate Your Trading with TradeLocker + Quant Tekel Funding?
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Quant Tekel supports a range of popular platforms—including MetaTrader 5, cTrader, DXTrade, and TradeLocker—and provides flexible challenge models. However, its virtual funding model and lack of prop firm regulation raise some caution flags. This 2025 review breaks down what Quant Tekel actually offers, its strengths, its risks, and how it stacks up to the competition.
Quant Tekel Is Now QT Funded: What Changed
Quant Tekel — previously rebranded from AscendX Capital in September 2024 — now operates its evaluation programs under the QT Funded brand. The evaluation lineup and pricing below reflect QT Funded’s current live pricing, checked directly on qtfunded.quanttekel.com.
What QT Funded Offers
QT Funded runs five evaluation paths — QT 2 Step, QT 2 Step Elite, QT Instant (pay when funded, no evaluation), QT 1 Step, and QT Power — across account sizes from $2,500 to $200,000, on MT5 and TradeLocker. Here’s the verified rules for the two most popular paths:
| Path | Step 1 target | Step 2 target | Daily drawdown | Max drawdown | Payout cycle | Profit split |
|---|---|---|---|---|---|---|
| QT 2 Step | 7% | 5% | 4% | 10% | 14 days | 80% |
| QT Instant (no evaluation) | N/A | N/A | 3% | 6% | 14 days | 80% |
QT 2 Step Elite, QT 1 Step, and QT Power use different target/drawdown combinations — check the current numbers for your preferred size directly on qtfunded.quanttekel.com before purchasing, since these can change.
Reputation and Feedback
Quant Tekel’s reputation is mixed as of mid-2025:
Positive Feedback:
Trustpilot displays a 4.1-star rating based on over 12,600 reviews (checked live, July 2026). Many traders praise the generous profit splits, variety of platforms, and the availability of a free trial. The active Discord community also receives positive mentions for providing support and updates.
Negative Feedback:
About 11% of Trustpilot reviews are one-star, often citing delayed customer service responses and issues around payout verification. Traders Union gives it a low score of 3.07/10, flagging the lack of regulation and virtual-only funding model. Firm Funded also gives it low marks for safety and asset diversity but acknowledges decent scores for platform variety and profit sharing.
Strengths of Quant Tekel
- High profit split potential, up to 90%
- Flexible evaluations with multiple challenge types
- Supports a wide range of trading platforms, including TradeLocker
- Competitive pricing for evaluations
- Free trial and active trader community
Weaknesses to Consider
- No regulation for the prop firm division (Quant Tekel LLC)
- Uses virtual funding, not real capital
- Limited asset classes (no stocks or futures)
- No live chat support; limited to email and Discord
- Restricts certain strategies like news trading and scalping
How It Compares to Competitors
| Feature | Quant Tekel | Hola Prime | SabioTrade |
|---|---|---|---|
| Max Loss (%) | 6 | 5 | 6 |
| Max Leverage | 1:100 | 1:100 | 1:30 |
| News Trading | No | Yes | Yes |
| Scalping | No | No | Yes |
| Copy Trading | Yes | No | No |
| Regulation | No (for prop) | Yes | Yes |
| Crypto Deposits | No | Yes | Yes |
Quant Tekel’s high leverage and copy trading support are advantages, but its lack of regulation and limits on news trading make it less attractive to traders using advanced strategies.
Deposits and Withdrawals
Quant Tekel supports bank card transactions for both deposits and withdrawals. Some regions may also have access to additional options like wire transfers or crypto, but availability varies. Unlike other firms, there is no support for PayPal, Skrill, or Wise. Withdrawals are processed on-demand, but the limited payment options may be inconvenient for some users.
Getting Started
To start, choose an evaluation type, create an account, and pay a one-time fee. After that, traders receive access to their funded challenge account, a demo trial, trade analytics, and support resources. Educational content such as blogs and webinars is also available, though registration is required to access most of it.
Is Quant Tekel Worth It?
Quant Tekel is best suited for experienced traders who are comfortable with virtual funding and can follow strict rule sets. Its high profit split, wide platform support, and flexible evaluations make it appealing to skilled traders looking to scale. However, the absence of regulation, limited instruments, and trading restrictions may be deal-breakers for those prioritizing safety and flexibility.
If you’re willing to accept the risks, the free trial provides a good opportunity to test the waters before committing. Just be sure to read the fine print and understand the limitations before diving in.
FAQ
Yes. Quant Tekel — itself previously rebranded from AscendX Capital — now operates its evaluation programs under the QT Funded brand.
It’s a prop firm rated 4.1 out of 5 on Trustpilot across more than 12,600 reviews, with over $16 million reported paid out to traders. As with any prop firm, read the specific evaluation rules before buying — reviewer experiences vary.
MT5 and TradeLocker, selectable at checkout for each evaluation path.
QT Funded runs a 14-day payout cycle on its 2 Step and Instant paths, based on current published rules — confirm the cycle for your specific evaluation path before funding.
Yes — if you choose TradeLocker as your platform, PickMyTrade can execute TradingView alerts on your QT Funded account automatically. MT5 accounts are not automated through PickMyTrade for this firm.
Where to Learn More
Looking to Automate Your Trading with TradeLocker + Quant Tekel Funding?
If you’re interested in automating your trades using TradeLocker while being funded by Quant Tekel, check out PickMyTrade a platform designed to streamline strategy automation for funded traders
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