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Quant Tekel (AscendX Capital) Review 2025

Quant Tekel (AscendX Capital) Review 2025
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Company:

Quant Tekel

Founded:2023
Headquarter:UK
Min Price:$26
Max Fund:$2,000,000
Challenges:4
Vast Trading Platform offeringsInstant FundingMarket AnalysisAffiliate

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
Quant Tekel, formerly known as Ascendx Capital, is a Prop firm based in the United Kingdom offering prop trading services on four markets, such as Forex, Commodities, Indices, and Crypto. The company offers leverage up to 1:30 on popular trading platforms, including cTrader, DXTrade, and MT5.
Contact
1 Canada Square, Level 39, Canary Wharf, East London, England, E14 5AB
Rank and Score
Pros and Cons
Withdrawal Payments
Instruments
Pros
High Profit Share
No time limits
Fast payout processing
Relatively Low Profit Targets
Cons
Relatively New Firm
score of blog
4.1 From 5.0
(9)
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Quant Tekel provides access to 3 programs [QT Instant, QT Prime, QT Power] and enables retail traders to access up to $2,000,000 in funds for just $1,166.67. You can trade news and use Expert Advisors to achieve the evaluation program’s profit target.

Quant Tekel Prop Firm (Company Information)

Quant Tekel
Prop trading firm with 90% profit split and bi-weekly withdrawals

Quant Tekel Ltd, founded in October 2023 by Scott Flook, a former investment banker, is a UK-based proprietary trading firm. The company provides retail traders with up to$2,000,000 in virtual funds through its prop firm, QT Funded, to trade and get a 90% profit split.

The prop firm's head office is located at 1 Canada Square, Level 39, Canary Wharf, East London, England, E14 5AB.

But it's not just about the numbers; the firm prides itself on creating an environment conducive to trading success, with features like:

  • No time constraints on trading
  • Two- and three-phase evaluation programs with achievable profit targets
  • Access to instant funding via the QT Instant plan

Previously, the prop firm was known as "Ascendx Capital", but then it was rebranded to Quant Tekel.

Quant Tekel Specifications

In-depth account metrics, advanced trading journal, market news, and 24/7 customer support are some of the features that await you in Quant Tekel. But before that, let’s see some specific details.

Account currency

USD

Minimum price

$26

Maximum leverage

Up to 1:100

Maximum profit split

Up to 90%

Instruments

Forex, Commodities, Indices, Crypto

Assets

N/A

Evaluation steps

2-Phase, 3-Phase, Instant Funding

Withdrawal methods

VISA, MasterCard, UPI, PayPal, Crypto, Local Payment Solutions

Maximum fund size

$2,000,000

First profit target

6%

Max. daily loss

4%

Challenge time limit

Unlimited

News trading

Unlimited

Maximum total drawdown

10%

Trading platforms

MT5, cTrader, TradeLocker

Commission

$2 per lot and $4 per round lot

TrustPilot score

4.5 out of 5

Payout frequency

Bi-Weekly, On Demand

Established country

UK

Established year

2023

Why Quant Tekel (Advantage and Disadvantage)

Choosing the right prop firm is a crucial decision for any trader. Quant Tekel offers a compelling proposition, but like any trading opportunity, it comes with its own set of advantages and disadvantages.

Pros

Cons

High Profit Share

Relatively New Firm

No time limits

-

Relatively Low Profit Targets

-

Fast payout processing

-

The firm’s funding model is designed to provide traders with significant capital while maintaining a focus on risk management and trader development.

The account sizes and prices differ based on the selected plan. Funding and Pricing for QT Instant and QT Power:

Funding

QT Instant

QT Power

1.25K

$26

-

2.5K

$52

-

5K

$84

$26

10K

$132

$52

25K

$250

$105

50K

$460

$210

100K

-

$400

Funding and Pricing for QT Prime:

Funding

Two Step With Equity Protector

Two Step Without Equity Protector

Three Step With Equity Protector

Three Step Without Equity Protector

10K

$80

$110

$60

$91.67

25K

$180

$230

$132

$216.67

50K

$300

$360

$200

$366.67

100K

$590

$680

$400

$625

200K

$1,100

$1,300

$680

$1,166.67

Note that Quant Tekel allows traders to increase their funding up to $2M through the scaling program.

Registration and Verification on Quant Tekel

To get funded up to $2,000,000 and enjoy a 90% profit share, you need to create an account. Steps to register on Quant Tekel are explained in the following sections.

#1 Go to the Website

Navigate to the prop firm'sofficial website at its genuine URL. From there, find the "Sign up" button at the top of the page and click on it.

#2 Fill Out the Form

The prop firm's sign-up form requires you to provide these details:

  • First Name
  • Last Name
  • Email Address
  • Phone Number
  • ZIP Code
  • City
  • Country
  • Residence Address

Afterwards, click on "Register" and check your inbox to verify your email address.

#3 Set Your Password

After the email verification, a password reset instruction will be sent to your email address. Follow it to set a password for your account. 

#4 Verify Your Identity

Quant Tekel KYC gets done by a 3rd party verification service provider, named Veriff. Required Documents to Verify the Quant Tekel Account:

  • ID
  • Selfie

Quant Tekel Evaluation Programs

The firm enables access to funds through four different programs via instant funding or 2- and 3-step evaluation plans. Quant Tekel Evaluation Programs Details:

Parameters

QT Instant

QT Prime - Two/Three Step

QT Power

Profit Target

N/A

8-5%

6-6%

Daily Drawdown

3%

4%

4%

Max. Drawdown

6%

10%

8%

Min. Withdrawal (First Payout)

5%

-

-

Consistency Rule

25%

-

35%

Profit Split

80%

80%

80%

Min. Trading Days

None

None

None

Quant Tekel QT Instant
QT Instant program specifics in Quant Tekel

The prop firm, despite mentioning both a Two-step and a Three-step model for QT Prime accounts, does not state the profit target level for the third step.

The payout frequency is bi-weekly for QT Prime and on-demand for QT Power traders.

Does Quant Tekel Offer Promotional Programs?

The firm offers promotional programs, primarily through its Affiliate Program. This initiative allows individuals to earn commissions by referring new clients to the company. Key features of Quant Tekel Prop firm affiliate program:

  • 10% fixed commission income
  • You can balance the discount for your friends with your commission rate
  • Effortless payouts
  • No registration required

Furthermore, Quant Tekel applies discounts on its programs from time to time. Currently, the company has a 50% discount on all its account prices via the code "NEXT50".

Quant Tekel Rules

The Quant Tekel rules mentioned in this section must be obeyed by traders to ensure compliance:

  • VPN Usage: The use of VPNs is allowed; however, account credentials must remain secure at all times;
  • Hedging: Reverse trading or group hedging is not allowed;
  • Expert Advisors (EAs): Before using EAs or bots, they must go through a pre-approval process by the compliance team to ensure they are suitable for the trading environment;
  • Arbitrage: Arbitrage trading isprohibited;
  • News Trading: Trades cannot be initiated within 5 minutes before or after high-impact economic news releases in QT INSTANT and QT PRIME funded stages.

VPN Usage

The use of VPNs and VPS services is allowed, provided that account credentials are kept secure at all times. Trading activity must exclusively be conducted by the account holder who has completed the KYC process.

Group trading, where multiple individuals access the same account, is strictly prohibited and may result in account termination.

Hedging

Reverse trading or group hedging strategies are prohibited within the platform.

Expert Advisors (EA)

Before utilizing any Expert Advisors (EAs) or automated trading bots, theymust undergo a pre-approval process.

To begin this process, traders should submit the EA's name and links to the advisor to the compliance team at passes@qtfunded.com. This ensures that the EAs comply with the platform's trading guidelines.

Quant Tekel EA rules
The rule for using Expert Advisors with Quant Tekel

Martingale and Arbitrage

Arbitrage trading is strictly prohibited. No additional information is available regarding the use of martingale strategies.

News Trading

These rules are explained in separate sections in this part of the Quant Tekel review. Note that these rules only apply to QT INSTANT and QT PRIME funded stages.

General Restrictions

Trades should not be opened within 5 minutes before or after high-impact economic news releases. Positions opened more than 5 minutes before the release can remain open through the event. Limit orders set with predefined stop loss (SL) and take profit (TP) more than 5 minutes before the release are permissible.

Editing or canceling limit orders, as well as adjusting SL or TP during this time, is also forbidden. Violating these rules results in a hard breach.

Forex Factory is used as the source for news releases, based on the MT5 server time.

Red Folder News Events

Trading restrictions apply to all pairs related to red folder news events on ForexFactory. For example:

  • USD-Related Events: Major economic news releases like Non-Farm Payrolls and FOMC meetings affect all USD-related pairs and indices (e.g., USD/JPY, EUR/USD, DJ30);
  • Geopolitical Events: Events like presidential announcements, war outbreaks, or sudden economic shocks can cause extreme market volatility, which affects all currency instruments.

Black Swan Events

During black swan events, the market can experience unpredictable volatility, which may lead to slippage, wider spreads, and erratic price movements.

These conditions can cause substantial losses, and while they are not considered typical news-related breaches, such events can lead to trades being voided due to market irregularities.

What Trading Platforms Are Available on Quant Tekel?

The firm provides access to three of the popular trading platform options in the industry, including the famous MetaTrader 5. These terminals offer a modern interface, ordermanagement tools, seamless execution, and other features essential for a trader.

Download the prop firm's platform applications through the links below:

MetaTrader 5:

cTrader:

TradeLocker:

TradeLocker iOS
TradeLocker iOS, a trading platform employed by Quant Teker

Quant Tekel Asset Offerings

The firm offers traders a diverse range of assets across four main categories, catering to various trading styles and preferences. Available Markets on Quant Tekel Prop Firm:

  • Forex Market: Over 60 symbols of major, minor, and exotic currency pairs
  • Indices: Global stock market indices
  • Commodities: Including precious metals, energy, and agricultural products
  • Cryptocurrencies: A selection of popular digital assets

Payment Methods on Quant Tekel

The prop firm offers a decent range of payment methods for challenges, including electronic systems and blockchain transactions:

  • VISA
  • MasterCard
  • PayPal
  • UPI
  • Cryptocurrencies
  • Local payment solutions

No information is provided about the systems used for payouts by the prop firm.

Quant Tekel Fee Structure

The discussed prop firm provides 2 different choices regarding the trading costs:

  • Raw spreads & commissions
  • Variable spreads & no commissions

The firm charges a fixed commission of $2 per lot and $4 per round lot on all instruments but indices and oil; however, spreads and swaps might still apply.

No details exist regarding the spread amounts and other costs.

Does Quant Tekel Provide Educational Materials?

Training traders and sharpening their skills are very important matters in Prop firms, since they’re trading with the company’s money. However, Quant Tekel hasn’t set much budget for this purpose, only offering a Blog page.

QT Tekel's blog consists of a few articles on these topics:

  • Financial markets
  • Trading terms
  • Prop trading

Is Quant Tekel Reliable? (Trust Scores)

Assessing the reliability of the firm is an important task that we should cover in the Quant Tekel review. It requires a balanced look at trader experiences and the firm's operational transparency. The reviewed prop firm hasn't received ratings on many sources. Quant Tekel Trust Scores:

Quant Tekel Trustpilot
Quant Tekel has a high rating on the Trustpilot website

5-star reviews account for over 80% of the ratings submitted on the Trustpilot website. However, the prop firm has replied to less than 60% of the negative reviews.

ScamAdviser has named the "suspiciously high number of reviews" despite theshort track record of the website as one of the reasons for its low trust score. Also, it states that "Gridinsoft" has reported Quant Takel's website as possible malware.

Customer Support on Quant Tekel Prop Firm

Customer support is the heart of any business. Unfortunately, Quant Tekel pays less attention to this fact; it only provides a contact form on its website, and no email address, phone number, or live chat button is available.

Quant Tekel on Social Media

The firm is active on various social platforms and maintains contact with its community. Quant Tekel on social media:

Comparison With Other Prop Firms

Here's a comprehensive comparison between QT Funded and other companies in the proprietary trading industry:

Parameters

Quant Tekel Prop Firm

Alpha Capital Group Prop FirmE8 Markets Prop FirmMaven Trading Prop Firm

Minimum Challenge Price

$26

$97$33$15

Maximum Fund Size

$2,000,000

$200,000$400,000$100,000

Evaluation steps

2-Phase, 3-Phase, Instant Funding

1-Step, 2-Step1-Step, 2-Step, 3-Step, Instant Funding1-Step, 2-Step

Profit Share

90%

80%100%85%

Max Daily Drawdown

4%

5%7%4%

Max Drawdown

10%

10%14%8%

First Profit Target

6%

5%6%8%

Challenge Time Limit

Unlimited

UnlimitedUnlimitedUnlimited

Maximum Leverage

1:100

1:1001:1001:75

Payout Frequency

Bi-Weekly, On Demand

Bi-weeklyWeekly10 Days

Number of Trading Assets

N/A

4040+400+

Trading Platforms

MT5, cTrader, TradeLocker

MetaTrader 5, cTrader, DxtradeMetaTrader 5, Match TraderMatch-Trader, cTrader

Expert Suggestions

Quant Tekel offers a wide range of funded accounts from $1.25K to $200K with low profit targets ranging from 5% to 8%. However, the cherry on top is the generous 90% profit split that the prop firm offers.

You can start trading with just $26 and enjoy robust trading platforms, including cTrader, TradeLocker, andMT5 with leverage up to 1:100 for Forex pairs and 1:2.5 for Crypto.

FAQs

What is the highest funding a trader can access with this prop firm?

Traders can scale their accounts up to $2,000,000, depending on the evaluation program chosen. This is available through scalable plans such as QT Prime, QT Power, and Instant Funding, with initial access starting from just $26.

How much profit do traders keep from their earnings?

The firm offers a maximum profit split of 90%, placing it among the most generous models in the prop trading space. Most programs, however, default to 80% split, unless otherwise noted or scaled up.

Are there any time limits for completing the trading challenge?

No. All evaluation programs come with unlimited time limits, allowing traders to progress at their own pace without pressure from strict deadlines.

What are the available account types and evaluation models?

The platform provides three main program types: QT Instant (no evaluation), QT Prime (2-step or 3-step), and QT Power (simplified structure). Each model varies in drawdown limits, targets, and starting prices.

Can traders use Expert Advisors (EAs) or bots?

Yes, but EAs must be pre-approved. Traders must submit the bot’s name and reference link to the compliance team at passes@qtfunded.com for evaluation before using it.

What are the supported trading platforms?

Users can trade via MetaTrader 5 (MT5), c Trader, and Trade Locker, available on both mobile and desktop. These platforms support all order types and trading strategies allowed by the firm.

How much does the cheapest challenge cost in Quant Tekel?

The lowest entry price is $26, available through the QT Instant program for a $1.25K account. Prices scale with account size and program complexity.

Is VPN usage allowed during trading?

Yes, VPNs and VPS are permitted, as long as account access remains secure and trading is done only by the verified KYC holder. Group trading or shared access is strictly prohibited.

Are there restrictions for trading during economic news events with Quant Tekel?

Yes. For funded QT Instant and QT Prime accounts, trades must not be opened within 5 minutes before or after a high-impact news release. Violations may result in a hard breach.

Which asset classes can traders access?

The prop firm offers Forex pairs, indices, commodities, and cryptocurrencies. Forex includes 60+ pairs, while crypto and commodity offerings are designed to accommodate a wide variety of strategies.

What are the drawdown limits?

Daily drawdown is capped at 3%–4%, and total drawdown is limited to 6%–10%, depending on the program. Breaching these limits results in account termination.

Can I trade using my own strategy without limitations in Quant Tekel?

Yes, as long as the strategy does not involve prohibited methods like arbitrage, group hedging, or martingale. EAs and scalping are allowed after approval.

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