Quant Tekel account types and drawdowns have offers that suit the various demands of traders on a stable and adaptable proprietary trading platform. Quant Tekel gives traders a special opportunity to trade with large amounts of virtual cash and receive up to 90% profit-sharing. To accommodate various trading styles and risk tolerances, QuantTekel offers a variety of account types and evaluation programs. Clear drawdown guidelines that safeguard the firm's money and promote disciplined trading are essential to the Quant Tekel strategy. This article covers the several QuantTekel account types and drawdowns, their assessment phases, and the drawdown methods that control risk management.
Quant Tekel Account Types
Because Quant Tekel provides a range of account sizes and challenge structures, traders can choose programs that best suit their trading style and level of experience. The accounts range from smaller $2,500 accounts to $ 200,000-funded accounts, with evaluation and challenge stages designed to test consistency and risk control.
Account Sizes and Pricing
Quant Tekel provides a tiered pricing model based on the account size:
Account Size: $2,500
- Price (USD): $40
The Account Size: $5,000
- Price (USD): $65
Account Size: $10,000
- Price (USD): $110
Account Size: $25,000
- Price (USD): $105
The Account Size: $50,000
- Price (USD): $210
Account Size: $200,000
- Price (USD): (Varies)
These fees give traders access to virtual funds at the designated account size and correlate to the evaluation and challenge phases.
Stages of Assessment and Challenge
Quant Tekel’s funded accounts typically involve two main stages before traders can access live funded accounts:
- Stage 1 (Evaluation): To pass this stage, traders must achieve a 6% profit target on the account balance. This phase evaluates the trader's capacity to control risk and turn a profit.
- Stage 2 (Challenge): Traders who successfully complete Stage 1 move on to the second phase, where they must once more hit a 6% profit target.
Traders who successfully complete all phases are eligible for a funded account, which allows them to trade with real funds and earn profit-sharing.
Sharing of Profits and Withdrawals
Traders get 80% of all earnings after funding, which is competitive in the prop trading sector. Once the account balance has increased by 5%, the first withdrawal can be requested; subsequent withdrawals do not require additional profit targets. Profit withdrawals are processed every two weeks, and traders must submit payout requests by the deadline to be paid for the current cycle.
Quant Tekel's Drawdown Rules
Within Quant Tekel's risk management architecture, drawdown rules are essential. They ensure traders remain disciplined and protect the firm's funds from unwarranted losses.
Maximum Allowed Loss
- Daily Drawdown: At the end of each trading day, traders are allowed to lose no more than 4% of their closing equity from the day before. This implies that while the account's equity at market closure must remain within the permitted limit, intraday losses are not instantly penalised.
- Cumulative Drawdown: From the highest end-of-day equity position, a maximum cumulative loss of 8% is permitted. By preventing traders from depleting their accounts beyond reasonable levels, this cumulative drawdown is monitored at market closing.
Profit Distribution Requirements
During both the challenge and funded account phases, traders must hold at least 35% of their overall gains across multiple trades to encourage consistent, sustainable trading, according to Quant Tekel. This regulation promotes consistent profit generation and discourages dependence on a few big successful trades.
Flexibility and Trading Conditions
A versatile trading environment that may be tailored to different trading strategies is provided by Quant Tekel:
- Asset Classes: Forex, indices, metals, commodities, and cryptocurrencies are all available to traders.
- Leverage: Depending on the size of the account, leverage choices can vary, but they usually offer competitive levels to improve trading prospects.
- News Trading: Unlike many prop firms, Quant Tekel lets traders keep open positions through high-impact announcements without restrictions and permits trading during major economic news events.
- No Holding Restrictions: Swing and position traders have flexibility, as they can hold positions overnight and over the weekend.
Practical Implications of Drawdown Rules
The drawdown rules at Quant Tekel are designed to balance trader freedom with risk control:
- End-of-Day Measurement: Traders have some leeway to manage positions during volatile periods without incurring immediate penalties, as drawdown is measured at market close rather than intraday.
- Cumulative Loss Limit: By ensuring traders cannot consistently lose small sums over time without repercussions, the 8% cumulative drawdown encourages responsible risk management.
- Distribution of Profits by Trade: Profits must be distributed among several trades in order to deter dangerous “all-in” wagers and promote steady, calculated trading.
Advantages of Quant Tekel’s Model
- High Profit Share: Among the most generous profit splits available in the prop trading industry, Quant Tekel provides 80%.
- Flexible Trading: Traders can maintain positions overnight and trade during news events, which appeals to a variety of trading methods.
- Clear and Equitable Drawdown Rules: Transparency and equity are ensured by the cumulative restrictions and end-of-day drawdown measurement.
- Numerous Account Sizes: There is software suitable for traders of all skill levels, ranging from $2,500 to $200,000+.
- Bi-Weekly Withdrawals: Traders can better manage their profits with regular payout cycles.
Considerations for Traders
While Quant Tekel offers many benefits, traders should carefully consider the following:
- Profit Objectives: It takes skill and discipline to reach 6% profit at each evaluation stage, particularly when drawdown restrictions are in place.
- Drawdown limitations: Strict risk management and position size are necessary to meet the 4% daily and 8% cumulative drawdown limitations.
- Evaluation Fees: Fees vary by account size and should be incorporated into trading plans.
- The requirement for consistency: Maintaining at least 35% of earnings across multiple deals means traders must avoid relying on a single significant victory.
Conclusion
With a range of account types catering to various trader requirements, Quant Tekel's account types and drawdowns offer a strong, adaptable proprietary trading platform. Disciplined trading and risk management are encouraged by its two-stage evaluation method, distinct profit targets, and drawdown guidelines. The firm is a desirable choice for traders seeking both structure and freedom, thanks to its substantial profit-sharing and permission to trade during news events.
Success with Quant Tekel requires an understanding of the unique drawdown restrictions, including a 4% daily loss and an 8% cumulative loss, calculated at the end of the day. Traders stand to gain significant profits if they can reliably reach profit targets while adhering to these risk restrictions.
By selecting the appropriate account size and meeting the drawdown requirements, traders can leverage Quant Tekel’s offerings to advance their trading careers within a supportive, well-regulated prop trading environment.
Frequently Asked Questions About Quant Tekel Account Types and Drawdown
How does Quant Tekel determine drawdown?
The account's equity or balance at the conclusion of each trading day is used to compute drawdown. The limit helps traders successfully manage risk by adjusting in response to changes in the account balance. The equity at the beginning of the trading day (5 pm EST) is used to calculate the daily drawdown.
Is it prohibited to trade or retain holdings over the weekend during news events?
While traders are permitted to retain positions over the weekend, Quant Tekel does not permit news trading in challenge accounts during significant economic announcements. If holdings are held over the weekend, there are double swap fees.
Can I utilise automated trading or expert advisors (EAs)?
The usage of Expert Advisors (EAs) is permitted by Quant Tekel. Traders are encouraged to contact support to confirm that their EA complies with Quant Tekel's regulations. It is not permitted to trade copies between accounts.