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Based on my experience, I would advise against trading with this firm.
I’ve unfortunately lost three QT Power accounts despite adhering to both the daily and overall limits. The rules for the QT Power accounts state that there are no limitations on layer and news trading; however, there are specific daily and overall limits to follow.
I’ve stuck to my trading style and was careful to respect the guidelines, yet I still found myself penalized for what they refer to as gaming, a term that isn’t well-defined or properly explained. Overall, the lack of clarity in their rules can be quite frustrating.
I successfully passed Quant Tekel’s challenge while risking 0.5% per trade, but once I got my funded account, I encountered conditions that were both surprising and unjustifiable.
I experienced extreme slippage on Nasdaq at all hours: every single trade faced slippage ranging from 600 to 2000 points, irrespective of the time. Such a situation is highly irregular, making it virtually impossible to trade profitably and giving the impression of blatant price manipulation.
Moreover, they made unilateral changes to my trading conditions: after I passed the challenge, they decreased my leverage and capped my trades at just 2 lots a day on a 100K account.
The restrictions on indices and metals seem particularly targeted: these limitations seem to specifically hit Nasdaq, which is crucial for my trading strategy. There were no such limitations during the challenge period.
With all this excessive slippage and new rules in place, my scalping strategy has become totally ineffective, rendering the funded account nearly worthless.
To add to my frustration, I never signed a contract: my dashboard indicates that the contract is still “Pending,” which means I never formally agreed to these terms, yet the restrictions were enforced nonetheless.
When I requested a refund due to these unreasonable conditions, my emails went unanswered.
For anyone seeking a prop firm that genuinely provides transparent and professional trading environments, I cannot recommend Quant Tekel.
I recently acquired a $5,000 QT Power account, which ended up costing me around $16 thanks to a 30% discount. Customer support has been decent, though I would rate it as average. The dashboard does experience a bit of lag in its updates, but overall, it is user-friendly. When it comes to spreads on XAU and GJ, they tend to be on the higher side, but I haven’t faced any slippage, which is definitely a positive aspect. The execution speed is impressively quick, which I greatly appreciate. I haven’t reached the payout threshold yet, so I can’t comment on that experience. Considering the price, I would say I’m moderately satisfied overall. That’s about it!
Overall, QT provides a competitive pricing structure for their services, though it’s important to note that they do not offer refunds after a payout. If you’re a trader, you’ll be pleased to find that they support the popular MT5 platform, which is a favorite among many. Recently, they also introduced their instant funding product, which boasts an attractive price point.
It is essential to approach this company with caution. I am a customer based in Vietnam, and I’d like to share my unfortunate experiences over the past year.
I started working with them in April 2024 after purchasing a funded account for $100,000. After successfully passing their evaluations, however, I encountered issues with payment. Twice, they denied my withdrawals citing reasons such as a supposed violation of the 15-second rule and an incident during the Jackson Conference news event on that day.
In August 2024, the firm underwent a rebranding, changing its name from Ascends to Quantekel, and subsequently locked my funding account. They assured me that my account would be transferred, but this process dragged on for over six months.
Fast forward to February 21, 2025, when I received an email concerning my new funding account. It came with a slew of new transaction rules, including limits on trades (such as 4 trades per day, and a maximum of 0.5% per 6 days, among others). These rules seem to have been set without much justification, and they complicate the process for genuine traders like myself.
Additionally, they introduced new principles regarding fees, with spread costs being significantly higher than what was initially communicated to me. I’ve heard from numerous others who faced similar issues regarding payment denials without valid reasons.
My attempts to voice these concerns directly on Discord were met with dismissal; I was removed from the group without any prior notice. As a result, my trading account remains inaccessible.
Beware of Quanttekel – A Warning on Unethical Account Terminations
I had an incredibly frustrating experience with Quanttekel, and I feel compelled to urge fellow traders to steer clear of this firm. After successfully completing their challenge, I anticipated the next step of receiving a funded account. Instead, my account was abruptly terminated without adequate justification.
False Claims and Unjust Account Closure
Quanttekel accused me of “copy trading” and “reverse hedging,” despite the fact that my trades were executed independently, on different dates, and utilizing distinct strategies. When I presented evidence to counter their accusations, they failed to clarify their reasoning and maintained their stance without conducting a thorough review.
1. Copy Trading Accusation: The majority of trades flagged as “copy trading” had different execution dates and times, invalidating their claims entirely. Out of over 100 trades, only one involved a similar instrument as another account, and even that was executed at a different time.
2. Reverse Hedging Accusation: The alleged “reverse hedging” instances were nothing more than minor execution errors that were corrected almost immediately, yet they used these as a basis for termination.
3. Inconsistent Enforcement of Rules: They chose to terminate only one of my accounts while permitting me to continue trading on others, which raises serious questions about their so-called policy violations.
Unprofessional and Misleading Practices
– Lack of Clarity: When I sought clarification on why just one account was closed, my inquiries went unanswered.
– Incorrect Account Information: At one point, they even issued a termination notice with the wrong account number, highlighting a serious lack of professionalism.
– Dismissing Evidence: Even after I pointed out their errors with clear proof, they continued with their vague accusations instead of undertaking any meaningful review.
In Summary: Proceed with Caution!
Quanttekel’s inconsistent rule enforcement creates an environment of distrust for traders. Their selective application of rules is concerning, and it’s wise to be cautious before investing your time or resources with them.
I cannot recommend Quanttekel to anyone seeking a fair and transparent proprietary trading firm.
Quant Tekel positions itself as a platform aimed at equipping traders with robust quantitative analysis and automated trading tools. Though it is still in its early stages, the platform boasts a mix of features that could appeal to both novice and seasoned quant traders alike.
This firm stands out for its excellent customer support and trustworthy founders who have a solid reputation in the industry. The execution speed is impressive, and the spreads are quite competitive. Plus, they offer MT5, which is not only my favorite platform but also one of the best available. Overall, I’m really pleased with my experience here.
The payout process is impressively quick, and the support team is quite accommodating. I wholeheartedly recommend this proprietary trading firm, as it caters well to traders of all skill levels, from beginners to experienced professionals.
The support team, particularly Lax, provided exceptional assistance and resolved our issues as quickly as possible. Their responsiveness and willingness to help made a significant difference in our experience.
I needed urgent help with an issue and decided to contact Quant Tekel via their live chat feature. To my surprise, they got back to me really fast, and they handled my problem with impressive efficiency. The support agent, Mr. Lax, was not only knowledgeable but also friendly, and he resolved my concern almost instantly.
It’s great to find a company that genuinely values its customers by offering prompt and effective support. I can honestly recommend Quant Tekel for their outstanding customer service!
Right and fight.
M. Jayasimha has been quite helpful to me. While I haven’t actually started trading with them yet, I can’t provide any insights on payouts at this point. Overall, my experience so far has been positive.
Lax and Raz took just about five minutes to sort out my account. I’m really thankful for their help!
I must say, the customer service here is excellent. Typically, my payments would take around 12 to 18 hours to process, but after chatting with a representative named Sai, my account was activated almost instantly. Plus, they have some fantastic discounts on offer as well!
Lax and Raz provided outstanding assistance with the problem I encountered and successfully resolved it. I truly appreciate their support and the effort they put into addressing my concerns. Their help made a significant difference!
This proprietary trading firm stands out as one of the best in the industry, particularly due to the exceptional support provided by Catharine. Her assistance truly elevates the experience, making it much more valuable. If you’re looking for a firm that prioritizes trader support, this one is definitely worth considering.
I experienced a troubling situation with this trading firm. After encountering what I believe to be a false breach of my account, I was left without any payout. It felt like a complete scam. When reaching out for help on Discord, I found my account was instantly banned. This raises concerns about their customer service and transparency. Overall, my experience was quite negative, leaving me wary of their operations.
I must say, the support has been impressive. They managed to resolve my issue in less than a minute, which is quite remarkable. A big thank you to M Jayasimh for the quick assistance!
This prop firm is truly the best around. I can’t say enough about the support service team. They’re quick, friendly, and incredibly helpful. Gladys was able to fix my issue in no time at all. It’s genuinely a pleasure to work with this firm. ❤👍
The team here is genuinely helpful whenever I run into issues. Their responses are incredibly quick, which is something I truly appreciate. A special shout-out to Catherine, one of the best support members I’ve encountered. Thank you for your assistance!
I reached out to Catherine regarding my concerns, and I must say, she was incredibly responsive. My issue was tackled right away, which left me quite pleased with the overall service.
I had an issue with my account and password, but thankfully, customer support agent Jayasimha took care of it. Now, I’m just waiting for my funding to come through. I’ll be sure to update this review if anything else comes up.
I have a positive impression of this company and I’m quite satisfied with the services provided. The staff, especially Maddigiri J, has been outstanding. Thank you for your attention and care!
Maddigiri J. provided great assistance, but there’s definitely room for improvement in the support options available. It would be beneficial for the firm to expand its resources to help clients more effectively. Overall, the assistance was satisfactory, but enhancing these helping options could lead to an even better experience.
I received outstanding assistance from Mr. Maddigiri J. His support was truly exceptional and made a significant difference in my experience. I couldn’t have asked for a better resource when navigating the complexities of trading. Thank you, Mr. Maddigiri J., for your invaluable help!
This proprietary trading firm truly stands out, especially for its prompt support. I’ve found both Gladys and Ghen to be incredibly helpful. If you run into any challenges during your trading journey, reaching out to the support team is a breeze—they’re quick to assist you whenever you need it. It’s this level of service that makes a significant difference!
I found the support to be incredibly helpful, particularly Gladys from the QT support team. She addressed all my inquiries patiently and even took the time to review my personal account to ease my concerns.
The support from Viral on Discord is consistently impressive, with quick replies that make a real difference. Whenever issues arise, they handle them with professionalism and a can-do attitude. It’s reassuring to know that any problem you face will be addressed promptly.
Catherine truly excels in her role, providing customer support that is not only polite but also incredibly attentive and friendly. It’s impressive to see how adeptly she manages any issues that arise.
The support offered by the firm is quite commendable. It’s reassuring to know that there’s always someone available to help out when needed. Honestly, having access to reliable assistance makes a significant difference in navigating the trading environment. Overall, the customer service stands out as a strong point here.
I had a really positive experience with the service provided by @ViralQT. They were quick to respond to my inquiries and seemed genuinely helpful throughout. Overall, I’d say their support is top-notch and efficient.
This company raises some red flags. After six long weeks of waiting for my migration, I was unexpectedly moved over. I had upgraded to an advanced plan, which I passed, and I was granted access to my funded account. However, shortly afterward, I received an email claiming I violated the 15-second rule, a rule that should not have applied to me as a participant on the advanced plan; no one from the firm communicated this to me. Instead, I was confronted with vague allegations about a gambling rule breach, which is untrue—I trade cautiously and always stay well within the risk limits.
For two weeks, I’ve reached out to the risk department, but my emails have gone unanswered. The moderators on Discord have been unable to assist me as well. I’ve been trying to contact Alex, who appears to be the only person who can help resolve this situation, but I cannot get through to him. I’m in a tough spot, as my live account is up by $5,500, yet I’ve missed my payout date due to this ongoing headache and frustration.
Deep, the customer service agent, displayed a calm demeanor and was genuinely understanding and kind.
I had a fantastic experience with the agent I interacted with. His name was Deep, and I really appreciated how kind he was during our conversation. Plus, the response time was impressive—much quicker than I expected. Thank you so much for the assistance!
Mr. Deep is quite knowledgeable and provides valuable insights. The support services I experienced were impressive, and I genuinely appreciate how my questions were addressed. I’m really pleased with how everything was handled! 😊
This proprietary trading firm truly stands out. The support team has been incredibly helpful. I faced an issue with my account being inactive because of an email name problem, but Asta from customer support really came through to help me resolve it. Their assistance made a big difference, and I genuinely appreciate it! 😊
My experience has been quite satisfactory up to this point. I encountered some issues, but Jayasimha was incredibly helpful and resolved my concerns in just a few minutes.
Quanttekel Prop Firm truly stands out, particularly due to its exceptional customer care team. I recently encountered a problem with my account dashboard, and to my surprise, it was fixed in under a minute by their dedicated representative, Sai. I must say, their service is among the best I’ve experienced.
The response I received from Lax was impressively quick, and they provided an excellent solution to my issue.
The service is prompt and straightforward when it comes to the consistency rule, which I really appreciate. It’s refreshing to see a firm that values efficiency and clarity in its operations.
I reached out via the online chat and spoke with a representative named Maddigiri J. They were incredibly helpful and provided the support I needed right away.
This proprietary trading firm stands out for several reasons. They have an impressive record of making fast weekly payments, which is always a plus. However, what I appreciate the most is their exceptional customer support service. I had my question resolved in under 10 minutes, thanks to a representative named Gladys. She really went above and beyond to assist me, making my day much brighter.
The replay speed is impressive, and they truly prioritize their clients’ needs. The support team is commendable, always ready to assist. A special shout out goes to Gladys for her exceptional help!
Dixie Hilpert
I had a mixed experience trading with QuantTAKEL Prop Firm recently, and while there were a few highlights, there were also notable drawbacks.
On the upside, I found the firm’s platform to be quite user-friendly, and I was impressed by the responsiveness and helpfulness of their customer support team. Additionally, they present a nice selection of markets and trading instruments.
However, my overall experience was significantly impacted by one glaring issue: the spreads were consistently on the higher side compared to what I’ve encountered with other proprietary firms. This made it tough for me to stay profitable, particularly during those unpredictable market swings.
For traders, having tight spreads is vital for maximizing gains and minimizing losses. Sadly, the spreads at QuantTAKEL did not meet my expectations at all.
In conclusion, while QuantTAKEL Prop Firm has its merits, the wider spreads pose a serious concern for my trading strategy. I would urge fellow traders to scrutinize the firm’s pricing details carefully before jumping in.
Rating: 2.5/5 stars
Recommendation: QuantTAKEL Prop Firm might appeal to those who value platform usability and customer support over competitive pricing. However, if you’re a trader who needs tighter spreads to secure profitability, there are likely better options out there.