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Ascendx Capital Review
AscendX Capital rebranded to Quant Tekel in 2024, and the firm now mixes real trader payouts with a repeated pattern of payout denials after profit.
Min Deposit
$200
Spreads From
0.0 pips (Plus and Elite live accounts)
Max Leverage
1:500 (Elite live account)
Platforms
MetaTrader 5, cTrader
Pros
- The live brokerage arm holds a genuine FSCA South Africa license, number 53227.
- Challenge and live accounts run on MetaTrader 5, cTrader, and TradeLocker.
- QT Funded evaluations have no time limit, which suits slower swing traders.
- A live account opens from just 200 dollars across four account tiers.
- Payout cycles run weekly, biweekly, or every 30 days, with a 110 dollar minimum.
Cons
- The original AscendX Capital Ltd company in the UK was dissolved in June 2025.
- ForexPeaceArmy hosts 2026 reports of profit payouts denied after the fact.
- TheTrustedProp still marks the firm as not verified, with no license shown there.
- The firm runs its own broker, so it both sets and judges its own trading rules.
- A related UK holding company has overdue accounts and a strike off notice.
AscendX Capital started in October 2023 as a forex prop trading firm. It renamed itself Quant Tekel in September 2024. The old UK company behind that name was dissolved on 10 June 2025. Its old site, ascendxcapital.com, no longer loads.
Quant Tekel sells trading evaluations named QT Funded, plus a live CFD brokerage named QT Broking. Challenge accounts use simulated money, not real funds. The live brokerage side holds a real FSCA South Africa license, number 53227, from December 2023. No top tier regulator such as the FCA covers this firm. A live account opens from 200 dollars.
Reviews split hard. Trustpilot shows both five star praise and one star anger. Independent site ForexPeaceArmy has posted 2026 reports of profit payouts refused once a trader asked to withdraw. One trader says a 33 thousand dollar payout was denied over a rule the firm later dropped. Treat any promised payout as unproven until your money clears.
Min. Deposit
USD 200
Max Leverage
1:500 (Elite live account)
Spreads From
0.0 pips (Plus and Elite live accounts)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
