Quant Tekel Prop Firm Review – What You Need to Know in 2025
Founded in October 2023, Quant Tekel (formerly AscendX Capital) is a proprietary trading firm headquartered in Cape Town, South Africa, with an office in London, UK, led by CEO Tanswell Sassman. It offers funded accounts from $10,000 to $400,000, scalable to $2 million, with profit splits up to 90%. Traders can access forex, indices, commodities, and cryptocurrencies on platforms like MetaTrader 5 (MT5), cTrader, DXtrade, and TradeLocker. Regulated by South Africa’s Financial Sector Conduct Authority (FSCA, license no. 53227), Quant Tekel has paid out over $7 million to traders and holds a 4.1/5 Trustpilot rating from 4,411 reviews, emphasizing flexible evaluations and advanced technology.
Quant Tekel Best suited for:
- Beginners: Affordable one-step, two-step, or three-step evaluations starting at $55.
- Experienced Traders: High capital access, up to 90% splits, and scaling to $2 million.
- Scalpers & Algo Traders: Supports Expert Advisors (EAs) and relaxed rules for news trading during evaluations.
Pros & Cons of Quant Tekel
Pros
High Profit Splits: Up to 90% with performance-based scaling.- Flexible Evaluations: 1-step, 2-step, and 3-step models with no time limits.
- FSCA Regulation: Adds credibility compared to unregulated competitors.
- Multiple Platforms: MT5, cTrader, DXtrade, and TradeLocker for diverse trading styles.
- Competitive Spreads: Floating spreads from 0.1 pips for EUR/USD, with $4/round lot commission.
- Transparent Payouts: Bi-weekly payouts with a $100 minimum, verified by blockchain (e.g., $84,533 record).
Cons
Weekend trading not available on most accounts:- Payout timelines may vary based on verification speed:
How Does Quant Tekel Work? (Step-by-Step Guide)
- Select Account & Challenge: Choose 1-step, 2-step, or 3-step evaluation ($10,000-$400,000).
- Pass Evaluation: Meet profit targets (6%-10% per phase) with 4-5 minimum trading days.
- Get Funded: Trade a funded demo account with real profit potential via a tier-1 liquidity provider.
- Earn Profits: Receive 80%-90% profit splits, paid bi-weekly after a 13-day initial period.
Quant Tekel Account Types & Funding Options
- Account Sizes: $10,000, $25,000, $50,000, $100,000, $200,000, $400,000, scalable to $2 million. Funding Models: 1-Step: 10% profit target, 3% daily/6% trailing drawdown. 2-Step: 7% (Phase 1) + 5% (Phase 2), 4% daily/10% static drawdown. 3-Step: 6% per phase, 4% daily/10% static drawdown. Profit Splits: 80% default, up to 90% with consistent performance. Fees: $55-$1,999, non-refunded
- frequent 40%-50% discounts (e.g., code “MATCH”).:
Profit Targets & Payouts
- Profit Targets: 6%-10% per phase, depending on evaluation model.
- Payouts: Bi-weekly via Rise or crypto (USDC), $100 minimum, processed in 5 days
- all trades must be closed.
- Drawdown Limits: 3%-4% daily, 6%-10% overall (static or trailing).
- Comparison: Quant Tekel’s 3%-4% daily drawdown is more lenient than FunderPro (5%), but its bi-weekly payouts are slower than FundedNext’s on-demand option.
Leverage & Trading Conditions
- Leverage: Up to 1:100 (forex), 1:50 (indices), 1:20 (commodities), 1:10 (crypto).
- Lot Sizes: Flexible, with risk management enforced via drawdown limits and a $4/round lot commission.
Allowed & Restricted Trading Strategies
Allowed Trading Strategies
- Scalping
- swing trading
- hedging
- Expert Advisors (EAs)
- news trading (during evaluations only).
Restricted Trading Strategies
- High-frequency trading (HFT)
- arbitrage
- latency trading
- reverse trading
- cross-account copying.
How Long Does It Take to Get Funded by Quant Tekel?
- Challenge Duration: Unlimited trading days, with 4-5 minimum trading days per phase.
- Evaluation Speed: 1-step can take days
- 2-step or 3-step may take 1-3 weeks.
- User Experiences: Fast funding (3-5 days post-evaluation), but some report account issues or payout denials.
How Long Has Quant Tekel Been Around?
Operating since October 2023, Quant Tekel rebranded from AscendX Capital in September 2024, adding brokerage services. It has paid out over $7 million, with FSCA regulation (license no. 53227) and a 4.1/5 Trustpilot score. Its short history compared to FTMO or The 5%ers raises concerns about long-term reliability.
Who Owns Quant Tekel? (Founder & Company Background)
Founder: Tanswell Sassman, CEO. Headquarters: Cape Town, South Africa (60 Noll Avenue, Gatesville, 7764), London, UK (1 Canada Square, Canary Wharf). Mission & Vision: Empower traders with capital, cutting-edge tools, and a supportive community for sustainable success. Regulatory Status: FSCA-regulated (South Africa, reg. no. 2021/321922/07), prop trading arm unregulated.
What Can You Trade with Quant Tekel? (Supported Markets & Assets)
Markets: Forex (60+ pairs), indices, commodities, cryptocurrencies. Assets: EUR/USD, S&P 500, gold, silver, BTC, ETH. Restrictions: No weekend crypto trading, bans on HFT, arbitrage, and layering during funded stage.
Does Quant Tekel Offer Education & Trader Support? (Learning Resources & Coaching)
Basic resources, market news, and blog insights, no formal webinars or coaching. Trader Development: Real-time dashboard with analytics and risk management tools. Coaching Programs: None, relies on 24/5 support via live chat, email, and Discord. Community & Networking: Active Discord and X (@QuantTekel) with positive feedback on support.
How Good is Quant Tekel’s Customer Support? (Response Time & Availability)
Support Channels: Live chat, email ([email protected]), Discord. Response Times: Within hours, praised for responsiveness. Operating Hours: 24/5 for live chat and Discord. Trader Feedback: Positive for quick, professional support, criticized for rule clarity issues.
Is Quant Tekel a Scam or a Legit Prop Firm?
Quant Tekel is legitimate, verified by FSCA regulation, UK/South Africa registrations (Quant Tekel Ltd., no. 15923693; Pty Ltd., no. 2021/321922/07), and a 4.1/5 Trustpilot rating from 4,411 reviews. Its $7 million in payouts, blockchain-verified withdrawals (e.g., $84,533), and partnerships with tier-1 liquidity providers add credibility. However, concerns include inconsistent rule enforcement (e.g., “gaming” or IP-based denials) and its short history since October 2023, with some traders on X reporting breaches for unclear reasons.
Alternatives to Quant Tekel – How It Compares
- FTMO: Higher trust score (4.9/5), 90% split, two-step evaluation, robust education, no crypto. FundedNext: 95% split, MT4/MT5/cTrader, scaling to $4 million, fewer payout complaints. The 5%ers: Up to 100% split, no crypto, excludes US traders, strong education.
Final Verdict – Should You Trade with Quant Tekel?
Quant Tekel is ideal for traders seeking flexible evaluations, high 90% profit splits, and diverse platforms (MT5, cTrader, DXtrade, TradeLocker), with scaling to $2 million and FSCA regulation as key strengths. Its low profit targets (7%/5% for two-step) and news trading support during evaluations appeal to scalpers and algo traders. However, its short history since October 2023, unregulated prop arm, inconsistent rule enforcement raise red flags compared to FTMO or FundedNext. Traders should verify payout reliability, review terms carefully, and monitor X feedback (@QuantTekel) before joining in 2025, balancing its innovative features against potential risks.
