PropTrue
Quant Tekel (formerly Ascendx)
Details
Forex
Metals
Indices
Crypto
| CEO | Tanswell Sassman |
|---|---|
| Established | October 2023 |
| Country | South Africa |
| Broker | Quant Tekel |
| Platform | MT5 |
| Trust Pilot | 4.5 |
| Payment Methods | Crypto - BoomFi, Credit/ Debit Cards - Stripe |
| Payout Methods | Crypto via USDC - Minimum payout $110 |
Quant Tekel Challenge
| Account Balance | $10,000 | $25,000 | $50,000 | $100,000 | $200,000 |
|---|---|---|---|---|---|
| Trading Period | Unlimited | ||||
| Minimum Trading Days | 4 days | ||||
| Maximum Daily Loss | $500 | $1,250 | $2,500 | $5,000 | $10,000 |
| Maximum Loss | $1,000 | $2,500 | $5,000 | $10,000 | $20,000 |
| Profit Target | $1,000 | $2,500 | $5,000 | $10,000 | $20,000 |
| Refundable Fee | $100 | $200 | $300 | $400 | $800 |
Trading Instruments
Forex
Metals
Indices
Crypto
Forex - 1:100
Metals & Indices- 1:20
Crypto - 1:2
Leverage
| Instrument | Leverage |
|---|---|
| Forex | 1:100 |
| Metals & Indices | 1:20 |
| Crypto | 1:2 |
Commissions
- All Instruments – $2 per lot & $4/round lot
Scaling Plan
- Traders who achieve a 10% growth on their trading account can request scaling.
- The scaling amount will be 10%, allowing the trader to request performance fees and scale simultaneously.
- Each time, there must be a 10% gain achieved of the account balance to allow scaling.
Example 1: Starting Balance $100,000 Gain +10% Current balance $110,000. (User requests Scaling) New Balance – $110,000 Performance fees available for withdraw = $0
Example 2: Starting balance $100,000 Gain +14% Current balance $114,000 (User requests Scaling) New Balance – $110,000 Performance fees available for withdraw = $4,000
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