QT

WikiFX | 2025-05-08 18:30

Abstract：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 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
Customer Support	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)	❌	—	—