QT Funded (Quant Tekel) is on the PropRadar watchlist but has not been audited in depth yet. Rules, reviews and payout evidence still need verification, so treat this profile as a starting point, not a recommendation.
QT ONE: payout requests after each 4-trading-day cycle (3% minimum profit); QT 1 Step (BNPL): 14-day standard cycle, 5 trading days and 3% profit minimum
Forex/CFD program not yet audited by PropRadar. Confirm fees, drawdown, targets and payout conditions on the official source.
Consistency rule to verify
Open official offerBigger shape = safer on that axis. Hollow dot = provisional value.
Low-to-medium regulatory risk for entity clarity, with product-specific caution. Quant Tekel has unusually explicit separation between its regulated South African brokerage entity and QTFunded virtual proprietary trading. That is positive. The caution is that broker regulation for Quant Tekel (Pty) Ltd does not regulate QTFunded virtual challenges, which are educational/simulated and paid by subscription fees, not client-money deposits.
4 entities · 4 countries
FSCA-authorised brokerage entity for permitted Africa/Asia jurisdictions.
Reg. 2021/321922/07 / FSP No. 5322760 Noll Avenue, Gatesville, Cape Town, Western Cape, 7764, South AfricaContracting entity for QTFunded services according to the official QTFunded footer (checked 2026-07-08 under the former QT Funded profile).
Provider of virtual proprietary trading programs through simulated environments.
Reg. 3984 LLC 2025Payment agent for Quant Tekel LLC virtual challenge fees.
Reg. 159236931 Canada Square, Level 39, Canary Wharf, London E14 5AB, United KingdomCountry markers only come from official lists: FATF increased monitoring (2026-10-30) and the EU tax lists (2026-10-09). None of these countries is on them. No marker does not mean a country, or a firm, is safe: a regulator link only says who supervises financial firms there, not that this firm is licensed. See where all tracked firms are registered →
Payout: No strong signalRead traders yourself:Reddit payoutsReddit reviewsX payoutsX reviews
Payout risk not assessed: PropRadar has no written payout incident or payout proof on file for this firm yet. Check recent payout feedback and the official terms before any purchase.
Trustpilot rating is not filled in PropRadar: the radar applies a conservative weighting.
Not assessed: PropRadar has no written payout incident or payout proof on file for this firm.
No fake-review alert has been counted by PropRadar for this firm. Check the Trustpilot page for its own transparency notices.
QT Funded (Quant Tekel) is classified by PropRadar as "Proceed carefully" with a 60/100 score and watchlist risk posture. This is not a guarantee: read the legal file, payout rules and official terms before paying.
Entity mapped. The current regulatory file is rated Low to medium, with 7 saved source link(s) and a last legal check dated 2026-07-08.
PropRadar has not assessed QT Funded (Quant Tekel)'s payout risk: no payout incident or payout proof is documented in its file yet. Check recent payout feedback and the official terms before paying.
Broker regulation should not be transferred mentally to QTFunded virtual challenges. Payment-agent role of UK entity does not make it the regulated service provider.
Commercial status: No affiliate link. Affiliate status never protects a firm from score penalties, watchlist status or payout-risk warnings.
QT Funded is the prop trading brand of Quant Tekel (qtfunded.com redirects to qtfunded.quanttekel.com), and Quant Tekel is the former AscendX Capital (rebrand reported by Finance Magnates on 16 September 2024). Official Quant Tekel site and footer checked. Quant Tekel separates regulated brokerage from proprietary trading: Quant Tekel (Pty) Ltd is disclosed as an FSCA-authorised South African broker for permitted Africa/Asia jurisdictions, while QTFunded virtual proprietary trading is provided by Quant Tekel LLC and does not provide brokerage, CFD trading or live market access. Quant Tekel Ltd in the UK acts as payment agent for virtual challenge fees.
CheckedOfficial site
No detailed independent incident recorded. The profile stays cautious until rules, payouts and recent reviews are sourced more precisely.
Community signal to enrich with Reddit, Trustpilot, Discord and recent payout proof.
Last review 2026-10-30. Prices and rules can change: recheck the official sources before any decision.
Duplicate profile merged, approved by the site owner on 2026-10-30: the former AscendX Capital entry described the same firm, because Finance Magnates reported on 16 September 2024 that AscendX Capital had completed its name change to QuantTekel. Its sourced facts and history are kept on this page and /firm/ascendx-capital now redirects here. Score and status of this profile are unchanged.
Source financemagnates.comDuplicate profile merged, approved by the site owner on 2026-10-30: QT Funded is the prop trading brand of Quant Tekel (qtfunded.com redirects to quanttekel.com, the Trustpilot profile quanttekel.com is titled "QT Funded", and the QTFunded footer names Quant Tekel entities). The profile is renamed "QT Funded (Quant Tekel)"; the QT Funded history, payout cycles read on its help center (2026-10-29), its Saint Vincent and the Grenadines contracting entity and its sources are kept here, and /firm/qt-funded now redirects here. Score and status unchanged.
Source support.qtfunded.comBackground noted: Finance Magnates reported on 16 September 2024 that QuantTekel is the new name of AscendX Capital (rebrand announced on X on 15 September 2024) and that it was moving towards brokerage services. The article names no regulator or licence; a third-party claim that it is a regulated broker is not verified.
Source financemagnates.comRecorded on the former AscendX Capital profile: Rebrand noted: Finance Magnates reported on 16 September 2024 that AscendX Capital announced (X post, 15 September 2024) that its name change to QuantTekel was complete and that it was moving towards brokerage services. The article names no regulator or licence. PropRadar keeps both profiles until the current operator and domain are confirmed; see the Quant Tekel profile.
Source financemagnates.comRecorded on the former QT Funded profile: Official help center read. QT ONE: 6% target, 3% daily and 6% maximum drawdown, both trailing, 1% floating-loss cap when funded, 70% split, no consistency score, payouts after each 4-trading-day cycle. QT 1 Step (BNPL): 6% target, 3% daily and 6% trailing drawdown, 2% floating-loss cap, 80% split with a 5% profit cap per cycle, 20% consistency score for payouts, 14-day cycle. QT 2 Step and QT 2 Step Elite are marked discontinued. Splits differ by program, so the firm-level split is left unverified; sizes and prices are not stated.
Source support.qtfunded.comRecorded on the former QT Funded profile: Domain monitor reported qtfunded.com redirecting to quanttekel.com. Checked: consistent with the relationship already documented in this profile (qtfunded.com points to the qtfunded.quanttekel.com portal; QT Funded is described as Quant Tekel's prop trading arm). Not a stale domain: no domain warning set.
Source fxempire.com