In a significant move that has caught the attention of the forex trading community, AscendX Capital Rebrands itself as QuantTekel. The transformation, announced on September 15, 2024, marks a pivotal moment for the company as it expands its services and positions itself for future growth in the competitive forex market.
✔ The AscendX Capital Rebrands Journey
AscendX Capital, which has been operating since November 2023, has been hinting at upcoming changes in recent months. The firm's decision to rebrand as QuantTekel (AscendX Capital Rebrands) is not just a cosmetic change but signifies a strategic shift in its business model.
“We are excited to announce that our name change is complete and migration is safely underway,” the company stated in a social media post on X (formerly Twitter). This announcement has been met with enthusiasm from both existing clients and industry observers.
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Expansion into Broker Services
One of the most significant aspects of this rebranding is QuantTekel's expansion into broker services. While previously known primarily as a forex prop firm, QuantTekel is now transitioning to become a full-fledged broker while also expanding its prop firm services.
This move is expected to provide traders with a more comprehensive suite of services, potentially including:
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To celebrate its rebranding and expansion, QuantTekel is currently offering a significant discount to new clients. The company is providing a 50% discount on the next 50 accounts. This limited-time offer presents an excellent opportunity for traders looking to join QuantTekel's platform at a reduced cost.
1-Phase Evaluation
| Account Size | Regular Price | Discounted Price (50% Off) | Profit Target | Max Daily Loss | Payout frequency |
|---|---|---|---|---|---|
| $10,000 | $140 | $70 | 10% | 6% | 14 days |
| $25,000 | $298 | $149 | 10% | 6% | 14 days |
| $50,000 | $425 | $212.50 | 10% | 6% | 14 days |
| $100,000 | $720 | $360 | 10% | 6% | 14 days |
| $200,000 | $1341 | $670.50 | 10% | 6% | 14 days |
Impact on Existing Clients
QuantTekel has assured its existing client base that the transition will be smooth. “We look forward to migrating every client back on board,” the company stated, emphasizing its commitment to maintaining continuity for its traders.
Industry Trends and Competition
QuantTekel's rebranding and service expansion reflects broader trends in the forex and prop trading industry. Several firms have been launching or expanding their services in 2024, indicating a growing and competitive market.
Future Outlook
The AscendX Capital Rebrands to QuantTekel and its expansion into broker services represent a significant development in the forex trading landscape. This move could potentially disrupt the existing market dynamics and offer traders new opportunities.
Key areas to watch in the coming months include:
✔ The Bottom Line
The transformation of AscendX Capital Rebrands into QuantTekel marks a new chapter in the company's history. By expanding into broker services while maintaining its prop firm offerings, QuantTekel is positioning itself as a versatile player in the forex market.
As the company continues to unveil its new products and services, traders and industry observers will be keenly watching to see how this rebranding impacts the broader forex trading ecosystem. With the promise of more information to come, QuantTekel's evolution could potentially set new standards in the industry, blending the worlds of prop trading and traditional brokerage services.
