Quant Tekel logo

Broker Reviews

Quant Tekel

Tradomatix TrustScore™:

4.07

(2443 Reviews)
Compare more brokers

5-star

71.76%

4-star

5.61%

3-star

1.02%

2-star

1.43%

1-star

20.18%
Replied to 66.26% of reviews
Typically replies within 36.40 hours

About Quant Tekel

Quant Tekel provides both retail brokerage and proprietary trading challenge services, offering access to forex, commodities, indices, cryptocurrencies and over 40 forex pairs via platforms such as MT5, DXTrade and cTrader. The firm also features evaluation and funded-account programs that aim to give traders access to scaled capital and profit splits with no fixed time limit on challenges.

Learn More

Regulation & Security

Quant Tekel (Pty) Ltd is authorised by the Financial Sector Conduct Authority (FSP No. 53227) in South Africa and the website notes that its brokerage services apply only to clients in Africa and Asia; independent commentary points out that the matching of the licence and domain is not fully verifiable.

Account and Setup

Account setup begins with an online registration, identity verification and the selection of account type or evaluation challenge. Traders must complete KYC documents and may begin either a brokerage account or challenge phase; clients in permitted jurisdictions access the relevant trading platforms once verification is approved.

Funding Options

Funding options include cryptocurrency deposits and wire transfers for the brokerage service, while evaluation accounts in the prop side require a fee to initiate the challenge. Withdrawal methods for the brokerage account include traditional bank wires and cards, and the evaluation platform supports payouts (for funded accounts) subject to rules.

Bot & API Compatibility

Bot and API compatibility is allowed provided pre-approval for EAs and trade copiers is obtained; the firm explicitly states that expert advisors and software trade copiers must be submitted to support for review and that identical trades via multiple users may trigger flags.

Trading Conditions& Restrictions

Trading conditions include leverage of up to 1:100 (depending on region and instrument) for its brokerage offering; in the evaluation programs the daily drawdown and maximum drawdown limits apply (for example, 4 % daily drawdown and 10 % maximum drawdown in some models), and trades cannot be opened or modified five minutes before and after major news events in certain challenge phases.

Regulation & Security

Quant Tekel (Pty) Ltd is authorised by the Financial Sector Conduct Authority (FSP No. 53227) in South Africa and the website notes that its brokerage services apply only to clients in Africa and Asia; independent commentary points out that the matching of the licence and domain is not fully verifiable.

Account and Setup

Account setup begins with an online registration, identity verification and the selection of account type or evaluation challenge. Traders must complete KYC documents and may begin either a brokerage account or challenge phase; clients in permitted jurisdictions access the relevant trading platforms once verification is approved.

Funding Options

Funding options include cryptocurrency deposits and wire transfers for the brokerage service, while evaluation accounts in the prop side require a fee to initiate the challenge. Withdrawal methods for the brokerage account include traditional bank wires and cards, and the evaluation platform supports payouts (for funded accounts) subject to rules.

Bot & API Compatibility

Bot and API compatibility is allowed provided pre-approval for EAs and trade copiers is obtained; the firm explicitly states that expert advisors and software trade copiers must be submitted to support for review and that identical trades via multiple users may trigger flags.

Trading Conditions& Restrictions

Trading conditions include leverage of up to 1:100 (depending on region and instrument) for its brokerage offering; in the evaluation programs the daily drawdown and maximum drawdown limits apply (for example, 4 % daily drawdown and 10 % maximum drawdown in some models), and trades cannot be opened or modified five minutes before and after major news events in certain challenge phases.

Quant Tekel Reviews

( 2443 )

Quant Tekel Reviews

( 2443 )
Trading Ideas

Get inspired for your next move

Blog

Discover expert insights, tips and strategies

Features

Cutting-edge Trading Tools

About Us

Who we are and why we do it

Corporate solutions

Fund House Suite

Price ranging from
USD 100,000/mo

Corporate Suite

Price ranging from
USD 30,000/mo

Family Office Suite

Price ranging from
USD 10,000/mo

Retail solutions

Diamond

Price ranging from
USD 4,997/mo

Titanium

Price ranging from
USD 2997/mo

Platinum

Price ranging from
USD 497/mo