Quant Tekel
Based on Trustpilot
Established
Platform
Account Types
Based on Trustpilot
Firm | Discount | Size | Steps | Profit Split | Profit Target | Max Drawdown | Daily Drawdown | Commission | Leverage | Trust Pilot Rating | Cashback | Buy | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Quant Tekel | $255 40% OFF | 50k | 1 Step | 90% | 10% | 6% | 3% | $4 | 100 | 4.5 | $5 |  | |
Quant Tekel | $207 40% OFF | 50k | 3 Step | 90% | 6% | 6% | 6% | 8% | 4% | $4 | 100 | 4.5 | $4 | | |
Quant Tekel | $597 40% OFF | 200k | 3 Step | 90% | 6% | 6% | 6% | 8% | 4% | $4 | 100 | 4.5 | $12 | | |
Quant Tekel | $432 40% OFF | 100k | 1 Step | 90% | 10% | 6% | 3% | $4 | 100 | 4.5 | $9 | |
Quant Tekel is a South Africa-based prop firm established in October 2023 by Sanswell Tassman, offering traders capital access through multiple account types. With account sizes ranging from $10,000 to $200,000, traders have the opportunity to scale their accounts while enjoying competitive profit splits starting at 90%. Quant Tekel provides reliable access to the markets, allowing traders to utilize various strategies, including overnight and weekend holding.
The director of Quant Tekel is Sanswell Tassman. Based in South Africa, the firm started operations in October 2023. It’s important to note that Quant Tekel was originally named Ascendx Capital and underwent a rebranding; now, it operates as both a prop firm and a broker. To access the best discount with Quant Tekel at the time of your purchase, use the code PROPVATOR at checkout.
Trading with Quant Tekel is not swap-free, and competitive swap fees are charged for holding positions overnight. If you keep your position open over the weekend, the swap fee is tripled.
Expert Advisors are permitted for use with Quant Tekel. It is advisable to double-check the usage of your EA with their demo account: Username: 100731263, Password: yZm*oJh. You should also verify the usage with their support team at Support@quanttekel.com.
Quant Tekel does not allow news trading without restrictions. Traders are not permitted to open positions 5 minutes before and 5 minutes after major news events. You can track major news events using forexfactory.com and should note the dates and times to avoid breaching your account.
Breaching your account due to news trading has specific conditions:
First Breach: Considered a soft breach, resulting in a profit reset.
Second Breach: A second breach is considered a hard breach, leading to challenge failure.
Funded Account: All rules from Phase 2 will be in effect for funded accounts.
You are permitted to hold trades over the weekend; however, swap fees will be tripled during this period.
Reverse trading and group hedging are not permitted, as outlined in their knowledge base.
High-frequency trading (HFT) bots are prohibited, which is also clearly outlined in their knowledge base section.
Quant Tekel enforces lot size limits, with breaches categorized as follows:
First Breach:Soft breach
First Breach: Considered a soft breach, resulting in a profit reset.
Second Breach: Hard breach, with profit reset on the first breach and account hard breached on the second.
Lot Limits:
$200k: 80 lots
$100k: 40 lots
$50k: 20 lots
$25k: 10 lots
$10k: 5 lots
Quant Tekel has three account types:
They offer the following account sizes for all these types:
 Profit Target | 10% |
 Daily Drawdown | 3% |
 Max Drawdown | 6% |
 Profit Split | 90% |
| Profit Target | 7% |
 Profit Target 2 | 5% |
| Daily Drawdown | 4% |
| Max Drawdown | 10% |
| Profit Target | 6% |
| Profit Target 2 | 6% |
| Profit Target 3 | 6% |
| Daily Drawdown | 6% |
| Max Drawdown | 8% |
| Profit Split | 90% |
Quant Tekel employs a drawdown calculation method that helps traders manage their risk effectively. The 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.
Quant Tekel supports popular trading platforms, including DX Trade and MT5. This range allows traders to choose the platform that best fits their trading style and preferences.
MT5 is widely recognized for its user-friendly interface and robust features, catering to various trading strategies.
DX Trade is also available, providing additional options for traders looking for advanced trading capabilities.
Quant Tekel has a clear commission structure across its trading assets, calculated per round lot. The commission for forex, gold, indices, and cryptocurrencies is $4. This straightforward commission structure helps traders understand their costs and plan their trades accordingly.
Leverage options at Quant Tekel vary depending on the asset type.
Forex: 1:100
Gold: 1:20
Indices: 1:20
Crypto: 1:2This structure allows traders to effectively manage their risk while pursuing their trading strategies.
Iran
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North Korea
Russian FederationIn conclusion, for those looking to trade with a reliable prop firm, Quant Tekel offers a solid trading environment with competitive leverage and transparent commission structures. Additionally, you can take advantage of the exclusive discount available through Propvator for Quant Tekel. By using the code PROPVATOR at checkout, you will receive the highest discount available at the time of your purchase.