Quant Ketel account types and drawdown offers a range of account types that are suited to the various demands of traders on a stable and adaptable proprietary trading platform. Quant Tekel gives traders a special chance to trade with large amounts of virtual cash and receive up to 90% profit shares. To accommodate various trading styles and risk tolerances, Quant Ketel account types and drawdown 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. The several Quant Ketel account types and drawdown, their assessment phases, and the drawdown methods that control risk management are all covered in this article.
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 up 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: $100,000
- Price (USD): $400
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 need to reach 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 that 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 actual funds and earn profit shares.
Sharing of Profits and Withdrawals
Traders get 80% of all earnings after funding, which is competitive in the prop trading sector. After the account balance has increased by 5%, the first withdrawal can be requested; further profit targets are not needed for subsequent withdrawals. Profit withdrawals are handled every two weeks, and traders must submit payout requests by the deadline in order to be paid for the current cycle.
Quant Tekel’s Drawdown Rules
Within Quant Tekel’s risk management architecture, drawdown rules are essential. They make sure traders stay disciplined and shield 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 penalized.
- 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 onto at least 35% of their overall gains across a number of trades in order to encourage consistent and 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: In contrast to many prop firms, Quant Tekel lets traders keep open positions through high-impact announcements without any restrictions and permits trading during significant economic news events.
- No Holding Restrictions: Swing and position traders have flexibility as they are able to 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 times without suffering immediate penalties because drawdown is measured at market closure rather than intraday.
- Cumulative Loss Limit: By guaranteeing that traders cannot consistently lose tiny sums over time without facing 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 a software that is appropriate for traders of all skill levels, ranging from $2,500 to $200,000+.
- Bi-Weekly Withdrawals: Traders can more effectively control 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 over numerous deals means traders must avoid depending on single significant victories.
Conclusion
With a range of account types catered to various trader requirements, Quant Tekel account types and drawdown offers a strong and 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 looking for both structure and freedom because of its substantial profit share and permit to trade during news occurrences.
Success with Quant Tekel requires an understanding of the unique drawdown restrictions, which include a 4% daily loss and an 8% cumulative loss calculated at the conclusion of the day. Traders stand to gain significant money and profit potential if they can reliably reach profit targets while adhering to these risk restrictions.
By selecting the appropriate account size and mastering the drawdown requirements, traders can leverage Quant Tekel’s offerings to grow their trading careers within a supportive and well-regulated prop trading environment.
Frequently Asked Questions
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 swap fees, which are double.
Can I utilize 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.