Quant Tekel, formerly known as AscendX Capital, is a prominent player in the proprietary trading industry, offering traders unique opportunities to access substantial trading capital. This article deals with the various Quant Tekel challenges, exploring their structure, rules, and the benefits they provide to traders.
Quant Tekel leads in prop trading, offering traders the opportunity to trade with up to $200,000 in virtual funds and receive above industry standard profit share of 90% on your earnings. Our two-phase evaluation process is designed to identify and magnify trading talent, providing a pathway to professional trading success.
🔗 Know More About Quant Tekel Challenges
Quant Tekel challenges, where traders can test their mettle and unlock significant trading capital. Whether you're a novice or a seasoned trader, Quant Tekel challenges offers a range of modify to your skill level.
Start with the 1-step challenge, perfect for those looking to quickly prove their trading prowess with a single-phase evaluation. If you're up for more, the 2-step challenge introduces an additional layer of complexity, demanding consistency across two phases. For the ultimate test, the 3-step challenge pushes traders through a rigorous three-phase evaluation. With competitive pricing and generous profit-sharing models, Quant Tekel is your gateway to mastering the trading arena and achieving financial freedom.
🔗 Background and Rebranding
Quant Tekel has undergone significant changes since its inception. Originally operating as AscendX Capital, the firm rebranded to Quant Tekel in September 2024. This transition marks a strategic shift towards expanding its brokerage services while maintaining its core focus on proprietary trading. The firm is registered in South Africa and the United Kingdom, with Tanswell Sassman serving as the CEO.
✔ Quant Tekel Challenges Types and Evaluation Models
Quant Tekel provides traders with several evaluation models designed to test and enhance their trading skills. These models are structured to cater to different levels of trading expertise and offer various account sizes and profit targets.
1. One-Phase Evaluation
| Features | Step 1: Evaluation | Step 2: Funded |
|---|---|---|
| Time Limit | Unlimited | Unlimited |
| Minimum Trading Days | 4 days | 4 days |
| Maximum Daily Loss | 3% | 3% |
| Maximum Loss | 6% | 6% |
| Profit Target | 10% | X (Not specified) |
| Fee | $720 | Free |
The Quant Tekel One-Phase Evaluation is an opportunity for traders to showcase their skills and secure significant trading capital. This evaluation model is particularly appealing due to its simplicity and efficiency, requiring traders to meet a 10% profit target without any time constraints, allowing for strategic flexibility.
With a 90% profit share, traders can maximize their earnings with risk management rules, such as a 6% total loss limit and a 3% daily loss cap. The program offers various account sizes, from $10,000 to $200,000, catering to different levels of trading ambition.
2. Two-Phase Evaluation
| Features | STEP 1: Evaluation | STEP 2: Verification | STEP 3: Funded |
|---|---|---|---|
| Time Limit | Unlimited | Unlimited | Unlimited |
| Minimum Trading Days | 4 days | 4 days | 4 days |
| Maximum Daily Loss | 4% | 4% | 4% |
| Maximum Loss | 10% | 10% | 10% |
| Profit Target | 7% | 5% | X |
| Fee | $700 | Free | Free |
Quant Tekel's Two-Phase Evaluation is an exciting opportunity for traders eager to showcase their skills and earn significant trading capital. This evaluation model is designed to be both challenging and rewarding, with a generous 90% profit share. In Phase 1, traders aim for a 7% profit target, followed by a 5% target in Phase 2.
The evaluation allows for a maximum drawdown of 10% and a daily drawdown limit of 4%, ensuring that traders maintain disciplined risk management. With no time limits and the flexibility of trading various instruments, Quant Tekel provides an ideal platform for traders to prove their mettle and potentially fast-track their journey to financial success.
3. Three-Phase Evaluation
| Features | Step 1: Trial | Step 2: Evaluation | Step 3: Verification | Step 4: Funded |
|---|---|---|---|---|
| Time Limit | Unlimited | Unlimited | Unlimited | Unlimited |
| Minimum Trading Days | 4 days | 4 days | 4 days | 4 days |
| Maximum Daily Loss | 4% | 4% | 4% | 4% |
| Maximum Loss | 8% | 8% | 8% | 8% |
| Profit Target | 6% | 6% | 6% | x |
| Fee | $564 | Free | Free | Free |
Quant Tekel's Three-Phase Evaluation offers! This innovative program is designed to challenge traders through a structured process, ensuring they meet specific profit targets across three distinct phases. Each stage requires a 6% profit target, providing a balanced approach to risk and reward.
With no time constraints, you can progress at your own pace, focusing on honing your strategies without the pressure of deadlines. This flexibility, combined with Quant Tekel's cutting-edge technology and supportive infrastructure, makes it an ideal choice for traders.
📌 Quant Tekel Trading Platforms and Instruments
Quant Tekel supports trading on advanced platforms such as MetaTrader 5 (MT5) and DXTrade. These platforms offer robust analytical tools and real-time market insights, enabling traders to execute trades with precision. The firm provides access to a wide range of tradable instruments, including forex, commodities, indices, and cryptocurrencies.
Rules and Risk Management
Quant Tekel enforces strict trading rules to ensure fair play and responsible risk management.
Key rules include:
📌 Quant Tekel Scaling Plan and Profit Sharing
Quant Tekel offers an innovative scaling plan for traders who consistently demonstrate profitability. Traders can scale their accounts up to $2 million by opting for an 90% profit share during payouts. This plan allows successful traders to gradually increase their trading capital based on performance.
Payouts and Withdrawal Methods
Payouts are processed every 14 days, with a minimum withdrawal amount of $100. Traders can choose between two payout methods: Rise and Cryptocurrencies. This flexibility ensures that traders can access their earnings conveniently.
Educational Resources and Support
Quant Tekel is committed to supporting its traders through extensive educational resources, market news updates, and a dedicated support team available via live chat, email, and other channels. These resources are designed to help traders improve their skills and stay informed about market developments.
Competitions and Community Engagement
The firm organizes monthly trading competitions that provide traders with opportunities to showcase their skills against peers. These competitions not only offer prizes but also serve as a platform for traders to gain recognition within the Quant Tekel community.
Recent Developments
In September 2024, the firm completed its transition from AscendX Capital to Quant Tekel, expanding its services to include both prop trading and brokerage operations. This transformation has enhanced their service offerings while maintaining their commitment to providing traders with exceptional trading conditions and opportunities.
Queries Related to Quant Tekel Challenges
What types of Quant Tekel Challenges Offer?
Quant Tekel offers a Two Phase Challenge designed to evaluate traders' skills and provide access to trading capital.
What Trading Platforms are supported by Quant Tekel?
Quant Tekel supports Trading on cTrader and DXTrade Platforms.
Are there any Free Trials available at Quant Tekel?
Quant Tekel does not offer free trials for its trading challenges.
What are The Prohibited Trading Strategies at Quant Tekel?
Prohibited strategies include arbitrage, latency trading, high-frequency trading, and reverse trading.
How often are Payouts Processed at Quant Tekel?
Payouts are processed every 14 days using Rise or Crypto methods, with a minimum payout of $100.
What are The Pricing Options for the 1-Phase Evaluation Challenge?
Pricing varies: $70 for a $10,000 account, up to $671 for a $200,000 account.
What is The Profit Share Percentage Offered by Quant Tekel?
Quant Tekel offers a generous profit share of up to 90% for traders.
🔗 End Note
Quant Tekel stands out in the proprietary trading industry by offering comprehensive Quant Tekel challenges that cater to both novice and experienced traders.
With its generous profit-sharing model, flexible trading conditions, and supportive infrastructure, Quant Tekel provides an excellent environment for traders seeking financial success.
By adhering to its structured evaluation processes and leveraging its educational resources, traders can maximize their potential and achieve significant growth in their trading careers.
As Quant Tekel continues to evolve and expand its services, it remains a key player in defining the future of proprietary trading by fostering talent and providing pathways for traders to excel in the financial markets.
