Reviewed by PropFirm201 Research Team·At a Glance
Quant Tekel Homepage
Pricing & Challenge Types
QT PRIME 2-Step
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $50 | 8% | 5% | 3% | 6% |
| $10,000 | $90 | 8% | 5% | 3% | 6% |
| $25,000 | $200 | 8% | 5% | 3% | 6% |
| $50,000 | $380 | 8% | 5% | 3% | 6% |
| $100,000 | $650 | 8% | 5% | 3% | 6% |
| $200,000 | $1100 | 8% | 5% | 3% | 6% |
QT PRIME 3-Step
3 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $40 | 6% | 6% | 4% | 10% |
| $10,000 | $70 | 6% | 6% | 4% | 10% |
| $25,000 | $160 | 6% | 6% | 4% | 10% |
| $50,000 | $280 | 6% | 6% | 4% | 10% |
| $100,000 | $480 | 6% | 6% | 4% | 10% |
| $200,000 | $680 | 6% | 6% | 4% | 10% |
QT POWER 2-Step
2 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Target P2 | Daily Loss | Max DD |
|---|---|---|---|---|---|
| $5,000 | $26 | 6% | 6% | 3% | 8% |
| $10,000 | $50 | 6% | 6% | 3% | 8% |
| $25,000 | $120 | 6% | 6% | 3% | 8% |
| $50,000 | $210 | 6% | 6% | 3% | 8% |
| $100,000 | $350 | 6% | 6% | 3% | 8% |
| $200,000 | $400 | 6% | 6% | 3% | 8% |
QT INSTANT
0 phases · 80% profit split · Scaling available
| Account Size | Price | Target P1 | Daily Loss | Max DD |
|---|---|---|---|---|
| $5,000 | $26 | 5% | 3% | 6% |
| $10,000 | $50 | 5% | 3% | 6% |
| $25,000 | $120 | 5% | 3% | 6% |
| $50,000 | $210 | 5% | 3% | 6% |
| $100,000 | $350 | 5% | 3% | 6% |
| $200,000 | $460 | 5% | 3% | 6% |
Quant Tekel Plans Page
Pros & Cons
Pros
- Affordable pricing starting at just $26 for $5,000 accounts
- Multiple challenge types including 2-step, 3-step, and instant funding
- Three platform options: cTrader, MT5, and TradeLocker
- Registered company in South Africa with disclosed CEO
Cons
- Low Trustpilot rating of 3.4/5 with concerns about rule manipulation
- News trading prohibited 5 minutes before/after high-impact events
- Expert Advisors and copy trading not allowed
- Reports of artificially inflated spreads on XAU/USD and BTC/USD
- Not available to US traders
Trading Rules
About Quant Tekel
Quant Tekel, now operating under the rebranded name QT Funded, is a proprietary trading firm founded in 2021 and headquartered in Cape Town, South Africa. The firm is registered as Quant Tekel Pty Ltd (registration number 2021/321922/07) and led by CEO Tanswell Sassman.
The rebrand from Quant Tekel to QT Funded in early 2025 was a strategic move backed by the parent company Quant Tekel, a multi-asset brokerage. QT Funded offers four challenge types: PRIME 2-Step, PRIME 3-Step, POWER 2-Step, and INSTANT, with account sizes from $5,000 to $200,000.
While the firm offers competitive pricing starting at $26, it has received mixed reviews. Some traders praise the instant funding options, while others report concerns about inflated spreads on popular instruments, unclear rule enforcement, and payout disputes.
How It Works
QT Funded offers four evaluation paths:
QT PRIME 2-Step: Phase 1 requires an 8% profit target and Phase 2 requires 5%. Daily loss limit is 3% with 6% maximum drawdown. Minimum 4 trading days per phase.
QT PRIME 3-Step: All three phases require a 6% profit target. Daily loss limit is 4% with 10% maximum drawdown.
QT POWER 2-Step: Both phases require a 6% profit target. Daily loss limit is 3% with 8% maximum drawdown. The most affordable option.
QT INSTANT: No evaluation required. 5% profit target for first withdrawal eligibility. 3% daily loss limit with 6% maximum drawdown.
All accounts have unlimited time limits and require a minimum of 4 trading days.
Pricing & Plans
| Account Size | PRIME 2-Step | PRIME 3-Step | POWER 2-Step | INSTANT |
|---|---|---|---|---|
| $5,000 | $50 | $40 | $26 | $26 |
| $10,000 | $90 | $70 | $50 | $50 |
| $25,000 | $200 | $160 | $120 | $120 |
| $50,000 | $380 | $280 | $210 | $210 |
| $100,000 | $650 | $480 | $350 | $350 |
| $200,000 | $1,100 | $680 | $400 | $460 |
Leverage: Forex 1:30, Metals/Indices 1:15, Crypto 1:1. Maximum risk per trade: 3% of account balance.
Rules & Restrictions
- Maximum Daily Loss: 3-4% depending on challenge type.
- Maximum Overall Loss: 6-10% depending on challenge type.
- Minimum Trading Days: 4 days per phase.
- Time Limit: Unlimited.
- News Trading: Prohibited 5 minutes before and after high-impact releases.
- Expert Advisors: Not allowed.
- Copy Trading: Not allowed.
- Hedging: Not allowed.
- Arbitrage: Prohibited.
- Drawdown Calculation: Daily at 20:59 UTC (balance-based).
Payouts
- Frequency: Bi-weekly (every 14 days).
- Profit Split: 80%, up to 90% on POWER accounts.
- Methods: Cryptocurrency and bank transfer.
- Minimum Withdrawal: $110.
- Processing Time: Variable.
Is Quant Tekel Legit?
Quant Tekel (QT Funded) is a registered South African company with a disclosed CEO and corporate registration number. This provides more transparency than many competitors. However, the firm carries notable risks:
- Trustpilot rating is only 3.4/5 with limited reviews
- Reports of inflated spreads on XAU/USD (0.50-0.70 during normal hours) and BTC/USD (over $120)
- Allegations of hidden rules and manipulative payout practices
- Discord moderators reportedly ban traders for asking about payout status
While the firm is operational and has made payouts, the overall risk profile suggests caution. Independent review platforms rate it with higher-than-average risk.
FAQ
What is Quant Tekel?
Quant Tekel, now rebranded as QT Funded, is a South African prop firm founded in 2021 offering funded accounts up to $200,000 through four challenge types.
Why did Quant Tekel rebrand to QT Funded?
The rebrand in early 2025 was a strategic move to modernize the brand while maintaining backing from the parent company Quant Tekel Pty Ltd.
How much does QT Funded cost?
Prices start at just $26 for a $5,000 POWER or INSTANT account and go up to $1,100 for a $200,000 PRIME account.
Are EAs allowed on QT Funded?
No. Expert Advisors and automated trading are not permitted on QT Funded accounts.
Is QT Funded available in the US?
No. US traders are restricted due to MT5 and cTrader platform limitations.