Quant Tekel Supported and Restricted Countries

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Having a knowledge of Quant tekel supported and restricted countries is important especially for traders who want to join the prop firm. Quant Tekel, formerly known as AscendX Capital, is a proprietary trading firm (prop firm) and brokerage that provides traders with access to trading capital and a platform to enhance their abilities or skill level. Quant Tekel provides various evaluation models tailored to different trader needs, focusing on assisting traders in achieving financial freedom through flexible trading opportunities. This article delves into Quant tekel supported and restricted countries, Quant tekel trading conditions, and other relevant details.

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Overview of Quant Tekel

Quant tekel was founded in October 2023 and rebranded from Ascendx Capital, it provides traders with trading capital, industry-leading profit sharing, and exceptional conditions. The firm is registered as QUANT TEKEL Pty Ltd in South Africa with the registration number 2021/321922/07. Tanswell Sassman is the CEO. Quant Tekelā€™s headquarters is located at 60 Noll Avenue, Gatesville, Cape Town, Western Cape, 7764, South Africa.

Characteristics of Quant Tekel

  • Trading Platforms: cTrader, DXTrade, MetaTrader, and Trade Locker.
  • Trading Instruments: Forex, Crypto, Indices, and Commodities.
  • Maximum Allocation: $400,000.
  • Scaling Potential: Up to $2,000,000.
  • Profit Share: Up to 90%.
  • Commission: $4 per round lot.

Quant Tekel Supported Countries

Quant Tekel supports traders in over 180 countries, offering innovative tools, platforms, and a supportive community. This broad reach allows traders from diverse regions to access Quant Tekelā€™s prop trading and traditional brokerage accounts.

Quant Tekel Restricted Countries

It restricts access from certain countries due to regulatory and compliance issues. Quant tekel restricted countries includes:

  • Iran
  • Iraq
  • North Korea
  • Pakistan
  • Russia
  • Cuba
  • Syria

Additionally, there are restrictions on using specific platforms in certain countries:

  • Russia: MetaTrader 5
  • United States: MetaTrader 5 and cTrader
  • Canada: MetaTrader 5

Traders from these restricted countries can still carry out trades using the DXTrade platform.

Trading Conditions and Rules

Quant Tekel has specific rules and conditions to ensure fair and responsible trading. These include:

  • Maximum Risk: Traders cannot risk more than 3% of their account balance at any given time.

Prohibited Trading Strategies:

  • Arbitrage Trading
  • Latency trading
  • Front-running price feeds
  • Exploiting mispricing
  • High-frequency trading
  • Tick scalping
  • Reverse trading or hedging
  • Group hedging
  • Account management services
  • News Trading: Traders are not permitted to open positions 5 minutes before and 5 minutes after major news events.
  • Leverage: Varies depending on the asset type:
    • Forex: 1:100
    • Gold and Indices: 1:20
    • Cryptocurrencies: 1:2

Account Types and Challenges

Quant Tekel offers various program/ account types, including QT Classic, QT Advanced, and QT Power, each with different 1-Step, 2-Step, and 3-Step challenge accounts. These challenges allow traders to prove their skills and access funded accounts.

Payout Methods

Quant Tekel offers two main payout methods:

  • Rise
  • Crypto

The minimum payout amount is $110.

Commissions and Fees

Quant Tekel charges a commission of $4 per round lot for all instruments, including Forex, Gold, Indices, and Cryptocurrencies. Swap fees are charged for holding positions overnight, and these fees are tripled if positions are held over the weekend.

Expert Advisors (EAs)

Quant Tekel permits the use of Expert Advisors (EAs). However, traders should verify the usage of their EA with Quant Tekelā€™s support team.

Quantitative Restrictions in International Trade

Quantitative restrictions (QRs) are government-imposed limits on the quantity or value of goods that can be imported or exported during a specific period. These restrictions are distinct from tariffs, which are taxes on imports or exports. QRs are generally prohibited under Article XI of the General Agreement on Tariffs and Trade (GATT), as they distort trade and hinder market access.

Types of Quantitative Restrictions

  • Prohibitions: Complete bans on the exportation or importation of some certain products.
  • Quotas: Restriction on the quantity of goods that can be imported or exported.
  • Licensing: Requirements for obtaining permits to import or export goods.
  • Voluntary Export Restraints: Agreements where exporting countries limit the quantity of exports.

Exceptions to the Prohibition of Quantitative Restrictions

The WTO agreements allow for exceptions to the general prohibition of QRs under specific circumstances:

  • Balance-of-Payments (BOP) Difficulties: Developing countries may impose import restrictions to safeguard their external financial position.
  • Safeguard Measures: To protect domestic industries from serious injury caused by a surge in imports, temporary restrictions may be imposed..
  • National Security: For national security reasons restrictions may be imposed.

Quant Tekel as A Prop Firm and A Broker

Quant Tekel functions as both a broker and a prop firm, providing traders with a wide range of options. As a prop firm, it provides traders with the opportunity to trade with the firmā€™s capital and a pre-agreed profit sharing ratio. As a broker, it allows traders to trade with their own capital, providing access to various trading instruments as well as platforms.

Conclusion

Quant Tekel has established itself as a prominent prop firm and brokerage, providing various opportunities for traders to enhance and develop their trading skills and access capital. While its services are available to over 180 countries, certain restrictions are in place due to regulatory and compliance requirements. Quant Tekelā€™s trading conditions, including risk management rules, leverage, and commissions, are designed to foster a fair and transparent trading environment.

Frequently Asked Questions

Why Does Quant Tekel Restrict Certain Countries?

  • Restrictions are primarily due to regulatory compliance issues and legal standards that prevent foreign financial services firms from operating within certain jurisdictions.

How Can I Verify If My Country Is Supported By Quant Tekel?

  • You can check your eligibility by visiting Quant Tekel official website or reviewing their terms of service for the most current list of supported and restricted countries.

What Should I Do If My Country Is Restricted?

  • If your country is on the restricted list, consider exploring other proprietary trading firms that may offer similar opportunities without geographical limitations.

By understanding these aspects related to Quant Tekel supported and restricted countries, traders can navigate their options effectively while pursuing their trading ambitions within compliant frameworks.

 

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