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QUANT TEKEL -

Score

4.16 /10
Average

QUANT TEKEL

South Africa

1-2 years

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Global Business

Suspicious Overrun

Medium potential risk

https://quanttekel.com

Influence

A

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Comparison

Quantity 2

Exposure

Open Account
Website

Score

Regulatory Index3.51

Business Index5.05

Risk Management Index0.00

Software Index9.32

License Index3.51

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

QUANT TEKEL Pty Ltd

Company Abbreviation

QUANT TEKEL

Platform registered country and region

South Africa

Company website

X

Instagram

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts
Previous Detection : 2025-12-27
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 53227)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Exposure

2 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

hold my withdrawal of

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.

yonikk
2025-08-27 01:58
Others

unnecessary account restrictions

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

Alex5430
2025-08-27 23:24
QUANT TEKEL · Company summary
QT Review Summary
Founded2023
Registered Country/RegionSouth Africa
RegulationFSCA (Suspicious Clone)
Market InstrumentsForex, Commodities, Indices, Cryptocurrencies
Demo Account✅
LeverageUp to 1: 100
SpreadGBP/USD: as low as 0.0001 pips
Trading PlatformMetaTrader 5 (MT5), cTrader, DXTrade, TradeLocker
Min DepositNot Mentioned
Customer Supportsupport@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.

QT Information

Pros and Cons

Pros Cons
Supports multiple platformsSuspicious clone license
Low spreadsLimited market access ( no stocks or ETFs)
Swap-free standard on all accountsNo 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 StatusSuspicious Clone
Regulated bySouth Africa
Licensed InstitutionQuant Tekel (PTY) Ltd
Licensed TypeFinancial Service Corporate
Licensed Number53227
Is QT Legit?

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❌
What Can I Trade on QT?

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 TypeDescriptionSuitable For
Prop TradingEvaluation-based funding up to $200k, 90% profit shareFunded traders, challenge seekers
Brokerage AccountTraditional retail trading with real fundsAll levels of retail traders
Demo AccountFree trial availableBeginners, testing platform
Islamic AccountSwap-free accounts supportedMuslim traders (Shariah-compliant)
Account Types

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.

Leverage

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.

QT Fees

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.

QT Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MetaTrader 5 (MT5)✔Desktop, MobileProfessional and algorithmic traders
TradeLocker✔Desktop, MobileBeginner to intermediate traders seeking user-friendly interface
cTrader✔Desktop, MobileAdvanced and institutional traders
DXTrade✔Desktop, MobileTraders seeking intuitive layout and ease of access
MetaTrader 4 (MT4)❌——
Trading Platform

User Reviews

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User comment

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Comments

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Alex5430
6-12months
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
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
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2025-08-27 23:24
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yonikk
3-6months
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.
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.
Translate to English
2025-08-27 01:58
Reply
0
0
2