GBIntroduction to Quant Tekel
Quant Tekel operates its prop trading arm under QT Funded (qtfunded.quanttekel.com), with the prop entity registered in the UK (Quant Tekel Ltd, company number 15202495) under CEO Tanswell Sassman. The underlying brokerage (Quant Tekel) is registered in South Africa and regulated by the FSCA (FSP No. 53227). With 120,000+ registered traders across 110+ countries and $16M+ in total payouts, the platform has meaningful scale.
Important background: Quant Tekel rebranded from Ascendx Capital in 2024. Traders researching the firm should be aware that reviews of the earlier brand may also be relevant to understanding its history.
Payout Reliability – What the Reviews Say
Before reviewing programme details, traders should assess the independent review record. Quant Tekel’s Trustpilot profile shows a 2.5/5 score, with all reviews being 1-star and describing the same pattern: profit earned, payout requested, trading rule violation cited, payout denied. Separately, one trader documented a case where weekend crypto trading rules were not disclosed on the website and only cited after account closure. The firm displays a 4.1/5 rating from 12,608 reviews on its own platform – the significant gap between the internal and external rating warrants careful consideration.
BestProp rates payout reliability as the most critical factor in evaluating a prop firm. Traders should weigh this data point heavily before purchasing a challenge.
Programme Structure
Four evaluation types with fees starting from $26:
- PRIME 2-Step ($5K-$200K, fees $60-$1,298): Phase 1: 8% target. Phase 2: 5% target. 4% daily drawdown. 10% max drawdown (static). 80-90% profit split. 14-day payout cycle. Min 4 trading days. No time limit.
- PRIME 3-Step ($5K-$200K, fees $50-$1,166): Three phases, 6% target per phase. 4% daily drawdown. 10% max drawdown. 80-90% split. 14-day payout cycle. Min 4 trading days.
- POWER 2-Step ($5K-$100K, fees $26-$400): Two phases, 6% target per phase. 4% daily drawdown. 8% max drawdown. 80-90% split. On-demand payouts. Lowest entry fees of all programmes.
- INSTANT ($10K-$200K, fees $60-$846): No evaluation required. No profit target. 3% daily drawdown. 6% max drawdown. 80-90% split. 14-day cycle. Min 5 trading days before first withdrawal.
BNPL (Buy Now Pay Later) option: Available on the 1-Step track – pay the challenge fee only after you pass and are funded. Unique in the prop firm space.
Capital Programme: After three successful payout cycles, traders qualify for a monthly salary equivalent to up to 3% of account balance, with daily payout availability. A standout feature if payout reliability can be confirmed independently.
Performance Protection Promise: Up to 3 uses per account – on an eligible breach, the firm pays 10% of profits or a full refund, whichever is higher. Available on evaluation accounts.
Trading Rules and Platforms
Three platforms: MetaTrader 5 (included), cTrader (paid add-on), TradeLocker (paid add-on). Note: cTrader and TradeLocker cost extra – factor this into the total account cost. MT5 unavailable to US and Canadian residents. Instruments: forex, indices, commodities, stocks, crypto (150+ instruments).
EAs allowed with pre-approval and add-on purchase. Prohibited: HFT, arbitrage, copy trading, hedging, all-in gambling-style trades. News trading allowed with 5-minute window restriction. Drawdown is static – max loss is fixed from initial balance, does not trail upward as account grows.
Restricted countries: USA, Canada, UK, Russia, Belarus, Cyprus, Iran, Iraq, Myanmar, North Korea, South Korea, Pakistan, Sudan, Syria.
Payouts
- Processing: Approximately 8 hours after compliance review
- Cycle: 14 days (PRIME/Instant) | On-demand (POWER)
- Minimum: $110
- Methods: Cryptocurrency, bank wire transfer
- Scaling ceiling: $300,000 across multiple accounts
- Total paid: $16M+
Our Verdict
Quant Tekel earns a 5.5 BestProp score. The programme structure has genuine positives: fees starting at $26 (POWER $5K), a BNPL payment option, Performance Protection Promise, the Capital Programme monthly salary path, and a South African FSCA-regulated brokerage backing the infrastructure. These are real differentiators.
However, BestProp cannot overlook the independent review record. The Trustpilot profile shows every review as 1-star with a consistent payout denial pattern, the firm rebranded from Ascendx Capital in 2024, and hidden rules have been documented by at least one trader. Add-on costs for cTrader and TradeLocker platforms and EA pre-approval requirements add friction. Until independent payout reliability is demonstrated at scale, we rate this firm cautiously. Traders considering Quant Tekel should start with the smallest available account size to test the payout process before committing larger capital.
