Score
South Africa | 1-2 years |https://quanttekel.com/
Website
Rating Index
MT4/5
Full License
QuantTekel-Demo
Influence
A
Influence index NO.1
India8.02
MT4/5 Identification
Full License
HungaryInfluence
A
Influence index NO.1
India8.02
Forex License 1Licensed Entity：QUANT TEKEL (PTY) LTD
License No. 53227
South Africa 
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
| 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 (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 | 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 |
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 |
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 | ❌ |
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) |
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'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 | 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) | ❌ | — | — |
QT offers two main types of live accounts: Prop Trading accounts (evaluation-based funding up to $200k with 90% profit share) and traditional Brokerage accounts (trading with the trader's own real capital). A free Demo account is also available.
All accounts of QT offer swap-free trading by default, with no overnight interest charges incurred for holding positions. This is notably beneficial for swing and long-term traders and complies with Islamic finance regulations.
The maximum leverage of QT is 1:100. Its flexible leverage depends on different account types and trading instruments.
QT offers a minimum spread as low as 0.0 pips for real accounts other than Fix API Accounts. The spread is below 0.5 pips, which is lower than the industry level.
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