Quant Tekel Review 2026
Quant Tekel, formerly known as AscendX Capital, is a proprietary trading firm and brokerage that offers traders access to capital and a platform to enhance their trading skills. Established in October 2023, the firm operates under the name QUANT TEKEL Pty Ltd and is registered in South Africa. It is authorized and regulated by the Financial Sector Conduct Authority (FSP no. 53227) . In this in-depth Quant Tekel Review you will see why it is one of the best prop firms of 2026.
What Is Quant Tekel?
Founded in 2023 as AscendX Capital and based in South Africa, Quant Tekel is a proprietary trading firm that funds forex and CFD traders worldwide. Unlike many prop firms that reward high-risk strategies, The Quant Tekekel sets itself apart by encouraging low-risk, long-term, professional trading.
The company offers capital funding up to $4 million, with scaling plans and lifetime accounts for consistent performers. Their focus on psychological discipline and realistic trading mirrors what you’d find at an actual hedge fund desk.
PROS
- They offer instant funding
- No time limit
- Low cost and very big discounts
- True scaling up to millions in funding
- Excellent trader support and education
- Holds trades overnight & over the weekend
- Broker backed up
- Fair rules and risk limits, 8% first phase
CONS
- Relatively new prop firm
- Strict risk rules – not beginner-friendly if you lack discipline
- Limited assets (mostly forex and CFDs)
- Consistency rules applied for QT instant and Power
Evaluation Programs
Quant Tekel provides several evaluation programs designed to cater to traders of varying experience levels:
- QT Instant: Offers immediate funding without the need for evaluations, suitable for experienced traders. Accounts start from $20 for a $1,250 account.
- QT Prime: A two or three-step evaluation process without consistency rules, aimed at sustainable trading. A $100,000 evaluation is priced at $240 after discounts.
- QT Power: A two-step evaluation designed for beginners, with prices starting at $16 after discounts.
Traders can access virtual funds up to $200,000 and receive a profit share of up to 90% on their earnings. The firm also offers a scaling plan, allowing traders to increase their funding to a maximum of $2,000,000 based on consistent performance.
Trading Platforms and Instruments
Quant Tekel supports multiple trading platforms, including:
- MetaTrader 5 (MT5).
- cTrader
- DXTrade
- TradeLocker
Traders have access to a wide range of financial instruments, such as forex, commodities, indices, and cryptocurrencies. The firm offers competitive spreads and low commissions to provide traders with favorable trading conditions.
Trading Rules
QT Instance:
- Daily drawdown: 3%
- Max drawdown: 6%
- Min withdrawal: %5. Before you withdraw your first profit you need to reach 5% of your account
- Consistency rule: You must maintain less than 25% of profits across multiple trades
- Payout: bi-weekly
- Profit split: 80%
QT Prime (2-steps):
- Profit target step 1: 8%
- Profit target step 2: 5%
- Daily drawdown: 4%
- Max drawdown: 10%
- Equity protector: A position will be closed at a floating loss of -1.5%
- News rule: No placing trades 5 minutes before and after major news events in funded accounts only.
- Payout: bi-weekly
- Profit split: 80%
QT Prime (3-steps):
- Profit target step 1: 6%
- Profit target step 2: 6%
- Profit target step 2: 6%
- Daily drawdown: 4%
- Max drawdown: 10%
- Equity protector: A position will be closed at a floating loss of -1.5%
- News rule: No placing trades 5 minutes before and after major news events in funded accounts only.
- Payout: bi-weekly
- Profit split: 80%
QT Power:
- Profit target step 1: 6%
- Profit target step 2: 6%
- Daily drawdown: 4%
- Max drawdown: 8%
- New rules: NO
- Consistency rule: You must maintain less than 35% of profits across multiple trades
- Payout: bi-weekly
- Profit split: 80%
Quant Tekel Technology
Quant Tekel provides its own broker registered as Quant Tekel. For this reason, this prop firms has low spreads and excellent execution
Scaling Plan review
Quant Tekel offers a really attractive scaling plan. That is why 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.
Customer Support and Community Engagement
Quant Tekel emphasizes customer support, with reports of responsive and helpful service. Traders have noted quick issue resolution and efficient account activation processes. The firm maintains an active presence on social media platforms, including Discord, X (formerly Twitter), Instagram, and Telegram particularly fostering a community for traders to connect and share insights.
User Feedback and Reputation
User experiences with Quant Tekel are mixed. Some traders praise the firm’s customer service and prompt payouts. However, others have expressed concerns regarding account breaches and communication issues. For instance, a user reported a false breach of their account and subsequent lack of support.
On Reddit, some users advise caution, suggesting that traders consider more established firms. One user mentioned, “They do pay, but the slightest mistake can cost you there,” highlighting the importance of understanding the firm’s rules and conditions.
Regulatory Compliance and Restrictions
Quant Tekel operates under regulatory oversight in South Africa and processes payments through a UK-registered company, Quant Tekel Ltd (Company Number: 15923693), ensuring compliance with UK financial regulations.
Additionally, The firm does not offer services to residents of certain jurisdictions, including Canada, the United States, and several other countries, due to regulatory restrictions.
Quant Tekel truspilot: 4.5
Quant Tekel review Final Verdict
This company offers a range of opportunities for traders seeking funded accounts and a supportive trading environment. With various evaluation programs, competitive profit-sharing, and a selection of trading platforms, it caters to both novice and experienced traders. However, potential users should be aware of the mixed feedback regarding customer experiences and ensure they fully understand the firm’s rules and conditions before engaging.