QT Funded review
QT Funded is the prop-trading brand of Quant Tekel, a company registered in the UK (Quant Tekel Ltd, Canary Wharf, London) that launched the program in 2023 under founder and CEO Tanswell Sassman. It sells 1-Step, 2-Step and Power evaluations plus a no-target QT Instant funded account, on simulated balances from $2,500 to $200,000 that cap at $300,000 of total exposure per trader. Profit splits start at 80% and scale to 90% via add-on, with a default 14-day payout cycle. A Quant Tekel entity in South Africa holds a separate broker licence from the FSCA, but that licence does not cover QT Funded's own evaluation and funded programs, which trade in simulated environments. Third-party review sites report a large, largely positive review base alongside a recurring complaint pattern around payout disputes.
QT Funded key facts
- Website: qtfunded.com
- Category: Prop trading firm
- Founded: 2023
- Headquarters: London, UK
- Model: 1-Step, 2-Step, Power or Instant funding
- Account sizes: $2.5K–$200K (max $300K exposure)
- Profit split: 80% up to 90%
- Payouts: 14-day cycle, weekly add-on available
- CEO: Tanswell Sassman
- FYI Score: 77.5/100 (ranked #39 of the 63 prop trading firms we track)
Rules and risk
- Five evaluation formats in total — 1-Step, 2-Step, 2-Step Elite, QT Power and the no-target QT Instant funded account — on simulated balances from $2,500 to $200,000, capped at $300,000 of total exposure per trader.
- Drawdown is static rather than trailing on most tracks (6–10% max, 3–4% daily), and evaluations carry no maximum time limit to complete.
- News trading is permitted during challenges but restricted on funded accounts (no trades within roughly 5–10 minutes of high-impact releases), and third-party EAs require pre-approval plus a paid add-on.
- Prohibited activity includes cross-account hedging, sub-60-second tick scalping, and high-frequency or arbitrage strategies.
Payouts and regulation
- Profit splits start at 80% and scale to 90% via add-on; payouts run on a 14-day cycle by default, with a weekly option available as a paid add-on and typical processing within 24 hours.
- A "Capital Programme" offers a salaried path (up to 3% of account balance, paid daily) after three successful payout cycles — an unusual structure for the category.
- An affiliated South African entity, Quant Tekel Pty Ltd, holds a broker licence from the FSCA (FSP 53227), but that licence does not cover QT Funded's own evaluation and funded programs, which trade in simulated environments.
- Third-party review aggregators note a recurring complaint pattern: accounts flagged for rule breaches shortly after reaching profit targets, ahead of scheduled payouts.
QT Funded evaluation challenges
| Challenge | Steps | Profit target | Max drawdown | Profit split | Price |
|---|
| 1-Step Challenge | 1-step | 6% | 6% | 80% | from $10 · $5K–$100K |
| 2-Step Challenge | 2-step | 7% | 10% | 80% | from $33 · $5K–$200K |
| QT Instant | — | — | 6% | 80% | from $41 · $2.5K–$100K |
Markets
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Platforms
MetaTrader 5, cTrader, TradeLocker
Who QT Funded is for
A reasonable fit for an active trader who wants a choice of evaluation styles (including a no-target instant option) on established platforms and values a fast, low-cost entry point. Less suitable for anyone who wants a regulated counterparty, trailing (rather than static) drawdown room, or a long, dispute-free track record.
Pros
- Five evaluation formats — including a no-target instant-funding track — across three widely used platforms (MT5, cTrader, TradeLocker).
- No maximum time limit on any evaluation, plus a distinctive salaried "Capital Programme" for consistently funded traders.
- Broad instrument coverage (70+ instruments spanning forex, indices, commodities and crypto) and frequent discount pricing that lowers headline entry costs.
- A large Trustpilot review base (12,000+ reviews, roughly 4.1–4.2 out of 5) relative to many category peers.
Cons
- Third-party review sites report a recurring complaint pattern of accounts being flagged for rule violations shortly before scheduled payouts.
- Drawdown limits are static rather than trailing on most tracks, so risk room doesn't loosen as an account grows in profit.
- Not itself a regulated financial business — evaluation and funded accounts trade in simulated environments, and the FSCA licence held by an affiliated South African entity does not extend to QT Funded's own programs.
- A relatively young firm (founded 2023) with a widely varying trust picture depending on which review platform is consulted.
QT Funded FAQ
Is QT Funded legit?
QT Funded is a real, operating prop-trading brand of Quant Tekel Ltd, a UK-registered company headquartered in Canary Wharf, London, founded in 2023 and led by CEO Tanswell Sassman. It carries a large Trustpilot review base (roughly 4.1–4.2 out of 5 across 12,000+ reviews), though third-party aggregators also flag a recurring complaint pattern of accounts being breached shortly before scheduled payouts.
What evaluation options does QT Funded offer?
Five main routes: a 1-Step Challenge (6% target, trailing drawdown), a traditional 2-Step (7% then 5%), a 2-Step Elite variant, a QT Power multi-phase track, and QT Instant, which skips the profit target for immediate funded trading with a 25% consistency rule. Account sizes run from $2,500 to $200,000, capped at $300,000 of total exposure per trader.
How does the profit split and payout work?
Splits start at 80% and scale to 90% via a paid add-on. Payouts run on a 14-day cycle by default, with a weekly option available as an add-on, typically processed within 24 hours.
Is QT Funded regulated?
No. QT Funded's own evaluation and funded accounts trade in simulated environments and are not a regulated financial product. An affiliated South African entity, Quant Tekel Pty Ltd, holds a separate broker licence from the FSCA (FSP 53227), but that licence does not cover QT Funded's programs.
Compare QT Funded with other prop trading firms
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