Quant Tekel (QT Funded) is a prop firm launched in 2023, headquartered in London, with an FSCA-regulated entity in South Africa. It offers five evaluation types including a pay-when-funded 1-step model, accounts from $2,500 to $200,000, and MT5, cTrader, and TradeLocker support. Over $17 million paid to 120,000+ traders across 180 countries. Use code SUMMER for 55% off plus a free account of the same size.
Rating Breakdown
Pros
- Pay-when-funded 1-step model: no upfront evaluation fee
- $2,500 minimum entry is among the lowest in the market
- Five evaluation types covering different trading styles and budgets
- QT Power offers on-demand payouts for multi-phase traders
- 80% profit split standard, with 90% option available
- EAs and algorithmic trading permitted
- Overnight and weekend position holding allowed
- FSCA-regulated operating entity adds credibility
- 14-day payout cycle with faster 7-day option available
- Performance Protection Promise covers first three eligible breaches
Cons
- No MT4 or TradingView support
- US residents restricted to TradeLocker only
- First three payout cycles capped at 5% of balance or $5,000
- News trading blocked within a 10-minute window around major events
- QT Instant and QT Power carry consistency rules (25% and 35%)
- Total funded allocation capped at $300K; QT Instant limited to $100K
- QT Capital scaling program announced but terms not publicly disclosed
- Specific evaluation fees not displayed on the main site without clicking through
Account Plans and Pricing
QT 2 Step Challenge Rules
| Evaluation type | Two-step (Phase 1 + Phase 2) |
| Phase 1 profit target | 7% |
| Phase 2 profit target | 5% |
| Time limit | None |
| Min. trading days | 4 days per phase |
| Daily drawdown | 4% static (based on opening balance) |
| Max drawdown | 10% static (based on original balance) |
| Exposure cap | 75% of daily drawdown limit at any time during evaluation |
| Consistency rule | None stated for QT 2 Step |
| Profit split (funded) | 80% (up to 90% with add-on) |
| Payout cycle | 14 days (7-day option available) |
| Initial payout cap | 5% of balance or $5,000 per cycle for first 3 cycles |
| Fee refund | Not explicitly stated — verify with support |
QT 1 Step (BNPL) Challenge Rules
| Evaluation type | One-step (pay fee only after passing) |
| Profit target | 6% |
| Time limit | None |
| Min. trading days | Not publicly stated |
| Daily drawdown | 3% trailing |
| Max drawdown | 6% trailing |
| Consistency rule | Not publicly stated for QT 1 Step |
| Profit split (funded) | 80% |
| Payout cycle | 14 days |
| Upfront fee | None — fee deducted only after passing evaluation |
QT Instant Rules
| Evaluation type | No evaluation — funded from day one |
| Profit target | None |
| Min. trading days before payout | 5 days |
| Daily drawdown | 3% fixed |
| Max drawdown | 6% trailing |
| Consistency rule | 25% — no single day can exceed 25% of total profit |
| Max allocation | $100,000 |
| Profit split | 80% |
| Payout cycle | 14 days |
QT Power Challenge Rules
| Evaluation type | Multi-phase evaluation |
| Profit target per phase | 6% |
| Daily drawdown | 4% fixed |
| Max drawdown | 8% |
| Consistency rule | 35% — no single day can exceed 35% of total profit |
| Profit split | 80% |
| Payouts | On-demand |
Payouts
| First payout | After 14 days (2 Step / 1 Step / Instant); on-demand (QT Power) |
| Default cycle | 14 days; 7-day option available |
| Initial payout cap | 5% of funded balance or $5,000 per cycle for first 3 cycles (whichever is larger) |
| Profit split | 80% standard; up to 90% with add-on |
| Payment methods | Crypto or wire transfer |
| Processing time | Within 24 business hours of payout request |
| KYC required | Yes, before first payout |
| Verified total paid | $17M+ to traders |
Trading Conditions
| Platforms | MT5, cTrader, TradeLocker (US residents: TradeLocker only; Canada: no MT5) |
| Instruments | 150+ including 80+ forex pairs, 60+ crypto CFDs, indices, commodities, stocks |
| Leverage (prop accounts) | Not publicly stated for evaluation accounts |
| News trading | Restricted — no entries or exits within 5 minutes before or after high-impact events (CPI, FOMC, NFP, USD PMI, red-folder speeches) |
| Overnight holding | Allowed |
| Weekend holding | Allowed to hold existing positions; no new trades or order modifications permitted during weekend market closure |
| Expert Advisors | Allowed (EAs and scalping explicitly permitted) |
| High-frequency trading | Prohibited |
| Reverse / cross-account trading | Prohibited (opposing positions across accounts lasting over 2 minutes or more than 3 times) |
| Max total allocation | $300,000 across all funded accounts ($100,000 cap for QT Instant) |
| Scaling plan | QT Capital program announced; terms not yet publicly disclosed |
Our Verdict
Quant Tekel entered the prop firm market in 2023 and built quickly, reaching 120,000+ funded traders and $17M in verified payouts within two years. The firm operates under an FSCA-regulated South African entity, which puts it on firmer regulatory ground than purely offshore competitors, though the prop arm itself runs from St. Vincent and the Grenadines as is standard across the industry.
The standout feature is the QT 1 Step BNPL model. Paying the evaluation fee only after you pass removes the upfront cost barrier entirely. For traders who are confident in their strategy but prefer not to risk cash on an evaluation they might not pass, this is a genuine differentiator. The $2,500 minimum account size also makes Quant Tekel one of the more accessible firms available.
The QT 2 Step challenge rules are workable. A 7% Phase 1 target and 5% Phase 2 target sit within normal industry range. The 10% static max drawdown is standard. The areas that tighten the model are the 4% daily drawdown limit, which is one percentage point below the 5% most competitors offer, and the news trading restriction. Blocking entries and exits for 10 minutes around every major red-folder event rules out news-driven strategies entirely. If your edge depends on CPI or FOMC moves, this firm is not suitable.
The initial payout cap deserves clear attention before you fund. For the first three payout cycles, your withdrawal is capped at 5% of your funded balance or $5,000, whichever is larger. On a $100,000 account where you make 15% in month one, you receive $5,000 rather than $12,000. This is not hidden, but it is not prominent on the main site either. If you are on QT Instant or QT Power, run your trading results through our consistency calculator to check whether your best trading days would breach the 25% or 35% consistency cap.
Platform coverage is the firm’s clearest weakness. MT5, cTrader, and TradeLocker is a functional set, but the absence of MT4 and TradingView cuts off a significant portion of the trader base. US traders are further limited to TradeLocker only, which leaves them with one option regardless of preference. The QT Capital scaling program is announced but has no disclosed terms, making it impossible to factor into your decision right now.
Overall, Quant Tekel is a solid choice for traders drawn to the BNPL model or those who want a lower entry point with institutional-grade products. The SUMMER code deal is substantial if it is active when you sign up. The payout track record and FSCA-regulated entity are genuine positives. The tighter daily drawdown, initial payout caps, news restrictions, and platform gaps are real trade-offs worth understanding before committing.
Quant Tekel Coupon Code and Discount
The current Quant Tekel coupon code is SUMMER, which gives 55% off any evaluation plus a free funded account of the same size. Enter it at checkout on the QT Funded website. Promotions this large are typically time-limited, so verify the code is active before purchasing.
At 55% off, this is one of the larger discounts available in the prop firm market. The free account of the same size effectively doubles your starting capital if you pass both evaluations. For traders targeting larger accounts, using the code on a $100,000 or $200,000 evaluation provides the highest absolute value.
| Code | SUMMER |
| Discount | 55% off + free funded account of equal size |
| Applies to | Evaluation accounts (verify any exclusions at checkout) |
| Last verified | July 2026 |
Frequently Asked Questions
Is Quant Tekel a legitimate prop firm?
Quant Tekel (QT Funded) launched in 2023 and operates under Quant Tekel (Pty) Ltd, which holds FSCA licence 53227 in South Africa. The prop arm (QT Funded SVG) is registered in St. Vincent and the Grenadines, which is standard for the industry. The firm has paid over $17 million to traders and serves 120,000+ funded accounts across 180 countries. It is not a retail financial regulator-licensed firm in the traditional sense, but its FSCA-licensed entity provides more regulatory grounding than purely offshore operators.
What challenge types does Quant Tekel offer?
Quant Tekel offers five evaluation types: QT 2 Step (two-phase, 7% and 5% targets), QT 2 Step Elite (same targets with no funded profit cap), QT 1 Step BNPL (single-phase 6% target, pay only when you pass), QT Instant (no evaluation, funded from day one), and QT Power (multi-phase, on-demand payouts, 35% consistency rule). Account sizes run from $2,500 to $200,000 across all products.
What is the Quant Tekel drawdown rule?
Drawdown rules vary by plan. The QT 2 Step applies a 4% static daily drawdown and 10% static max drawdown from the original balance. The QT 1 Step uses a 3% trailing daily and 6% trailing max. QT Instant uses a 3% fixed daily and 6% trailing max. QT Power uses a 4% fixed daily and 8% max. All plans restrict trading within a 10-minute window around major high-impact news events.
What platforms does Quant Tekel support?
Quant Tekel supports MetaTrader 5 (MT5), cTrader, and TradeLocker. MT4 and TradingView are not available. US residents are limited to TradeLocker only due to MetaQuotes regional restrictions. Canadian residents cannot use MT5. If you rely on MT4 or TradingView as your primary platform, you would need to consider another firm.
What is the Quant Tekel coupon code?
The current Quant Tekel coupon code is SUMMER, which gives 55% off any evaluation plus a free funded account of the same size. Enter it at checkout on the QT Funded website. Verify the code is active at checkout as promotional discounts are subject to expiry. There is no other confirmed standing discount code at this time.
Ready to try Quant Tekel?
5 challenge types including pay-when-funded. $2,500 entry. FSCA-regulated entity. Use code SUMMER for 55% off plus a free account of the same size.
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