Is Quant Tekel a scam or a legitimate prop firm? Quant Tekel has emerged as one of the more prominent proprietary trading projects in the financial market. However, in recent times, it has faced a wave of negative feedback, including allegations of fraudulent activity and the misappropriation of client funds. So, what is the truth behind these claims? Should traders consider Quant Tekel a reliable platform to invest their time and capital in? Let’s explore the full story in today’s Quant Tekel Review, brought to you by Pfinsight.net.
Overview of Quant Tekel
Quant Tekel was formerly known as AscendX – a proprietary trading firm operating in the financial markets. It was established with the goal of offering traders the opportunity to manage funded accounts of up to $200,000 without risking their own capital.
Founded in 2024 and headquartered in London, United Kingdom, Quant Tekel has positioned itself as a modern, trader-centric prop firm. It emphasizes flexible rules, no time limits, and generous profit-sharing of up to 90% for top performers.
Through a two-step evaluation process, Quant Tekel provides an accessible and straightforward path to funding, designed to support disciplined traders worldwide. Clear conditions, low entry fees, and an operational model built on trust have contributed to its rapid rise in popularity.
The user-friendly interface of its website and trading dashboard allows traders to access real-time information and track their progress transparently. In the highly competitive prop firm landscape, Quant Tekel has become a reliable alternative by lowering entry barriers and encouraging sustainable risk management.
Company Information
- Company Name: QT Funded (formerly Quant Tekel)
- Legal Entity Name: QUANT TEKEL Pty Ltd
- Company Registration Number: 2021/321922/07
- Operating Since: 2021
- CEO: Tanswell Sassman
- Registered Country: South Africa
- Company Address: 60 Noll Avenue, Gatesville, Cape Town, Western Cape, 7764, South Africa
Who operates Quant Tekel?
Quant Tekel is currently operated and managed by James Manto, a British citizen living in the United Kingdom, born in June 1989. With at least 75% voting rights, he holds significant authority over the company and plays a crucial role in its strategic direction and expansion.
James has established businesses in various sectors and has experience in trading, fintech, and alternative investments. He approaches business operations with foresight and long-term vision, placing an emphasis on developing real trading potential and sustainable growth.
In its first year of operation, Quant Tekel distributed over $8 million to profitable traders under his leadership. The firm also expanded by acquiring its own brokerage to provide a fully integrated trading experience.
Quant Tekel Review – Funding Programs and Scaling Plans
With its two-phase evaluation process, high profit split, and strategic growth potential, Quant Tekel offers a robust prop firm model tailored to traders. Specifically, Quant Tekel supports traders through a structured, performance-based funding program. The company provides up to $200,000 in starting capital through a two-stage evaluation. Alongside access to popular trading platforms like MT5 and DX Trade, successful traders can earn one of the highest profit splits in the industry – up to 90%.
What sets Quant Tekel apart is its scaling strategy, allowing traders to increase their funded account size based on consistent performance. By choosing the 80% profit split option, traders unlock the scaling benefit, growing their account by 10% with every payout milestone. Over time, this model enables traders to manage up to $2,000,000 in trading capital. The combination of stable performance and firm autonomy creates a roadmap for growth that rewards talent and disciplined risk control.
Clear criteria and community-driven initiatives – such as monthly competitions – help Quant Tekel discover promising traders and promote disciplined trading within the industry.
How to Get Funded by Quant Tekel?
As with most prop firm models, traders must pass rigorous evaluations to receive funding. Quant Tekel offers a two-phase evaluation account to assess consistency, profitability, and risk management before granting capital of up to $200,000. Specifically:
The Challenge Phase
This is the initial phase in the funding process, designed to assess trader discipline through the following objectives:
- Profit Target: Reach an 8% profit goal
- Maximum Daily Loss: Remain within a 5% daily drawdown
- Maximum Total Loss: Do not exceed 10% total drawdown
- Minimum Trading Days: At least 5 trading days required
Unlike many other firms, Quant Tekel does not impose a time limit for this challenge, allowing traders to proceed at their own pace while adhering to risk rules. Traders can monitor their performance and objectives directly via the Quant Tekel dashboard, which provides real-time statistics and detailed insights.
The Verification Phase
After passing the Challenge Phase, traders proceed to the Verification Phase. This stage is easier to achieve, with the profit target lowered to 4%, while all other criteria remain the same. To promote consistency and disciplined behavior, the risk rules do not change.
Note: During both evaluation phases, traders can download the Quant Tekel MT5 platform, offering a stable and professional trading environment.
Live Funded Account & Profit Sharing
Upon completing both phases, traders receive a live funded account. With consistent performance, the initial 80% profit share can be increased to 90%. Additionally, Quant Tekel’s scaling plan enables traders to grow their account size according to continuous performance.
Important: Due to regulatory restrictions, traders from countries blocked by Quant Tekel should review eligibility requirements before registering, as some regions may not be supported.
For traders seeking flexibility, clear rules, and a path to capital growth without time pressure, Quant Tekel’s funding model offers a compelling solution.
Quant Tekel Review – Trading Instruments and Platforms
Trading Instruments
Quant Tekel provides access to a wide range of instruments across major asset classes in the financial markets. From long-term positioning to short-term speculation, this diversity supports multiple trading strategies. Traders at Quant Tekel can access:
- Forex: The world’s most liquid market, offering a wide range of major, minor, and exotic currency pairs. For many retail traders, forex remains their primary market. Be sure to review Quant Tekel’s forex trading terms before proceeding.
- Indices: Key indices like the S&P 500, NASDAQ, and Dow Jones offer exposure to the world’s major economies, supporting macroeconomic strategies.
- Commodities: Traders can diversify their portfolios and hedge against inflation and currency volatility by trading assets like gold, silver, and crude oil.
- Cryptocurrencies: In response to growing demand, Quant Tekel offers digital assets such as Bitcoin and Ethereum for traders seeking volatility and innovation.
With such a broad offering, both conservative and high-risk traders can find suitable instruments based on their strategy and risk tolerance.
Trading Platforms
Quant Tekel supports MetaTrader 5 (MT5) – the industry standard platform – known for its power, flexibility, and adaptability across all experience levels. MT5 features include:
- Advanced charting tools
- Integrated economic calendar
- Fast order execution
- Multi-asset trading capability
- Algorithmic trading using Expert Advisors (EAs)
In volatile markets, low latency and consistent execution are critical. MT5’s robust infrastructure ensures seamless access to Quant Tekel’s supported instruments. As the platform is available on desktop, web, and mobile, traders enjoy flexibility and control regardless of where they trade.
Quant Tekel’s commitment to MT5 reflects their focus on reliability and high-performance tools.
Quant Tekel Review – Spreads, Fees, and Rules
Quant Tekel offers a competitive trading environment designed to support both novice and experienced traders.
Spreads & Fees:
Traders can choose between variable spreads with zero commission or raw spreads with a $4 round-trip commission per lot. All accounts are swap-free, making them ideal for long-term trades.
Leverage Options:
- Forex: Up to 1:50
- Indices & Oil: Up to 1:20
- Metals: Up to 1:15
- Crypto: 1:1
These levels balance flexibility with effective risk management for various trading styles.
Risk Management Rules:
- Daily Drawdown Limit: Fixed at 4% of the initial account balance
- Overall Drawdown Limit: Ranges from 6% to 10%, depending on the chosen evaluation model
- Profit Targets: Defined for each evaluation phase to objectively assess trading skill
Quant Tekel Review – Payment Methods
Quant Tekel supports a wide range of payment methods to ensure accessibility for global traders. The firm has streamlined the process to ensure reliability and speed, whether traders prefer fintech wallets, cryptocurrencies, or traditional banking options. Available payment methods include:
- Credit/Debit Card: Worldwide support (Visa, MasterCard, Amex)
- Cryptocurrency: Bitcoin, Ethereum, USDT
- Wise: Selected countries
- Revolut: Selected countries
- Skrill
Limitations of Trading with Quant Tekel
- Encourages Risk-Taking: Some traders may be tempted to engage in overly aggressive strategies due to the higher daily drawdown limits (up to 8%).
- New and Unproven: As a relatively new prop firm, Quant Tekel lacks the long-term credibility and reputation of more established competitors.
- Limited Track Record: There is not enough historical data available to evaluate the firm’s long-term stability or trader success rate.
- Evaluation Fee: To participate, traders must pay an upfront evaluation fee, which may be a barrier for individuals with limited capital.
Conclusion
The above information presents a comprehensive look into the Quant Tekel project. While the firm offers attractive benefits, there are also risks traders should carefully consider before getting involved. We hope this Quant Tekel Review has provided you with a clear overview to help you make an informed decision. Wishing you success in your trading journey!