Company Summary
| QT Review Summary | |
| Founded | 2023 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Suspicious Clone) |
| Market Instruments | Forex, Commodities, Indices, Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | Up to 1: 100 |
| Spread | GBP/USD: as low as 0.0001 pips |
| Trading Platform | MetaTrader 5 (MT5), cTrader, DXTrade, TradeLocker |
| Min Deposit | Not Mentioned |
| Customer Support | support@quanttekel.com |
| 60 Noll Avenue Gatesville, Cape Town Western Cape, 7764 South Africa | |
QT Information
QT (Quant Tekel) is a dual-mode broker offering both traditional brokerage accounts and prop trading challenges. The platform supports multiple trading platforms such as MT5, cTrader, DXtrade, and TradeLocker, providing up to 90% profit sharing and various leverage options. However, its regulatory status remains questionable.
Pros and Cons
| Pros | Cons |
| Supports multiple platforms | Suspicious clone license |
| Low spreads | Limited market access ( no stocks or ETFs) |
| Swap-free standard on all accounts | No clear official information on deposit and withdrawal fees |
Is QT Legit?
Quant Tekel (PTY) Ltd is marked as a Suspicious Clone. It claims FSCA regulation under license number 53227, but the entity name used for promotion differs from the official license holder. Indicating likely misuse of regulatory credentials to deceive investors.
| Regulatory Status | Suspicious Clone |
| Regulated by | South Africa |
| Licensed Institution | Quant Tekel (PTY) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 53227 |
What Can I Trade on QT?
QT offers trading in forex, commodities, indices, and cryptocurrencies, but the platform does not specify the number of instruments in each category.
| Tradable Instruments | Supported |
| Forex | ✅ |
| Commodities | ✅ |
| Crypto | ✅ |
| CFD | ❌ |
| Indexes | ✅ |
| Stock | ❌ |
| ETF | ❌ |
Account Types
QT offers two main types of live trading accounts: Prop Trading accounts and Brokerage accounts. The Prop Trading model provides virtual capital up to $200,000 with up to 90% profit share, best suited for experienced or performance-based traders. The Brokerage accounts cater to traditional retail traders with real capital. A free trial/demo account is available, and Islamic (swap-free) accounts are supported on standard plans.
| Account Type | Description | Suitable For |
| Prop Trading | Evaluation-based funding up to $200k, 90% profit share | Funded traders, challenge seekers |
| Brokerage Account | Traditional retail trading with real funds | All levels of retail traders |
| Demo Account | Free trial available | Beginners, testing platform |
| Islamic Account | Swap-free accounts supported | Muslim traders (Shariah-compliant) |
Leverage
QT offers tiered leverage based on asset class: up to 1:50 for forex, 1:20 for indices and oil, 1:15 for metals, and 1:1 for cryptocurrencies.
QT Fees
QT's overall fee structure is competitive compared to industry standards, offering low spreads and commission-free options, especially within its prop trading plans.
Swap Rates
QT provides swap-free trading by default on all accounts, meaning traders do not incur overnight interest charges for holding positions, a notable advantage for swing and long-term traders, as well as for compliance with Islamic finance.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MetaTrader 5 (MT5) | ✔ | Desktop, Mobile | Professional and algorithmic traders |
| TradeLocker | ✔ | Desktop, Mobile | Beginner to intermediate traders seeking user-friendly interface |
| cTrader | ✔ | Desktop, Mobile | Advanced and institutional traders |
| DXTrade | ✔ | Desktop, Mobile | Traders seeking intuitive layout and ease of access |
| MetaTrader 4 (MT4) | ❌ | — | — |
Alex5430
Russia
My account was suddenly blocked from trading without any prior warning or explanation. This restriction lasted for several days, during which I missed multiple high-probability setups that I had been preparing for. Not only did this cost me financially, but it also undermined my confidence in the reliability of the broker’s services. An interruption of this nature is unacceptable for anyone who takes trading seriously
Exposure
yonikk
India
hold my withdrawal of funds since 18 December. have no good faith to pay. there was no response at all, they only wanted the customer's deposit. My first withdrawal submission on December 18 was deleted without any explanation. then I filed again on December 24 . until now there is no explanation.
Exposure
FX8761042192
Indonesia
proven trusted prop firm for buy 1 get 1 account, it's just that sometimes when opening a position the ping is not so good
Neutral
FX1781193802
Vietnam
I have an account with this funding prop firm and it is cheap, quite easy rule. I did not see any problems until now
Positive