QT

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

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.

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.

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.

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