Brief Look at Ascendx Capital

Quant Tekel (Ascendx Capital) is a London-registered firm, that offers experienced traders funded accounts ranging from $10,000 to $200,000, with potential scaling up to $500,000. Qualified traders can earn 90% of their profits from trading currencies, CFDs on indices, cryptocurrencies, and commodities through Kubera, the firm's partner broker. The evaluation process consists of two phases, each lasting up to two days. Applicants are required to trade independently, avoiding high-risk strategies.
Advantages of trading with Ascendx Capital:
MetaTrader 5 and DXtrade platforms are available;
60+ currency pairs and over 200 CFDs on three asset classes are offered;
Evaluation does not restrict the maximum number of trading days;
Profit target is 7% during the first phase and 5% during the second phase;
Profit split is 90%/10%;
Free demo mode is available for all account types;
Referral programs, trading competitions, and subscription discounts are provided.

To get funded by Quant Tekel (Ascendx Capital), create a user account on its website following the below instructions from TU experts.

1. On the Quant Tekel (Ascendx Capital) website, choose the account type with the required funding and click the “Get Funded” button under its description.

2. Choose the preferred trading platform and payment method, and fill in the registration form. Specify a discount code, if any.

3. Make a one-time payment.

4. Features of Quant Tekel’s user account:

1. Access to the Free Trial account.
2. Trading tools for efficient trading.
Additional features of the user account that allow traders to:

View information on the referral program;

Submit requests to withdraw profits earned on a live account;

Edit personal information and pass the KYC procedure;

Contact technical support via tickets;

Request a detailed report on all executed trades.

Regulation and safety
Information
Quant Tekel (Ascendx Capital) is registered in the UK and operates under laws of this country.

Any client can initiate a dispute, which the firm is obligated to resolve within 30 days. If the dispute remains unresolved, traders may pursue legal action. California residents can file a complaint with the California Department of Consumer Affairs, using the contact information provided in the Terms and Conditions section of the Quant Tekel (Ascendx Capital) website.

Since Quant Tekel (Ascendx Capital) is not a brokerage company, it does not require a license from the Financial Conduct Authority (FCA). Kubera is licensed by the Labuan Financial Services Authority (LFSA), a state Malaysian commission, under number MB/21/0086.

Advantages
Regulated introducing broker
Clients use prop firm’s funds for trading
Quant Tekel (Ascendx Capital) is registered in Europe and provides its services worldwide, including in the U.S.
Disadvantages
No choice of brokers
Violations are processed by London courts
LFSA is not among the most reputable financial regulators
Score:
5.02
/10
Commissions and fees
Information
During evaluation, traders work on a simulated account without paying fees. The subscription payment ranges from $114 to $1,080 depending on the account type. Moreover, Quant Tekel (Ascendx Capital) takes 10% of traders’ profits earned on a live account. Kubera, processing trades and providing trading platforms, charges spreads from 0.1 pips and commissions per lot.
Account type Spread (minimum value) Withdrawal commission
Qualified Trader $1 + a $5 commission per round lot Bank and blockchain fees
Score:
4.71
/10
Account types
To receive funding from Quant Tekel (Ascendx Capital), traders must complete both evaluation phases and the KYC (Know Your Client) procedure. Upon successful completion, the firm transfers funds to the client's live account within 5 days. The virtual deposit on a demo account mirrors the amount provided on a funded account.

Account types:

Account Type
Description
10K
This account type offers a capital of $10,000 for a $114 subscription fee.
25K
It provides a $25,000 balance with a one-time fee of $230.
50K
The funding is $50,000 provided upon paying $354.
100K
The balance on this account type is $100,000 available upon paying a subscription fee of $588.
200K
Available funds are $200,000. The registration fee is $1,088.
Traders, whose balance increases by 10% monthly, participate in the Scaling Plan with a maximum limit of $500,000.

While Quant Tekel (Ascendx Capital) offers unified evaluation conditions for all applicants, available deposits vary across accounts.

Score:
5.09
/10
Deposit and Withdrawal
Withdrawal requests are submitted to the user account only upon closing all open trades.

Withdrawals are available every two weeks. The first withdrawal request can be submitted 14 days after the first trade.

Available methods are Wise transfers and crypto transactions. PayPal’s availability is limited by country.

Traders can withdraw funds in the national currency with a 0.3% fee.

The minimum withdrawal amount is $100 or its equivalent.

Initially, partners can withdraw referral rewards every 30 days, but this period decreases to 14 or 7 days based on the partner’s level.

Withdrawals are made within 2 business days.

Score:
2.84
/10
Investment Options
Quant Tekel (Ascendx Capital) evaluates the strategies of active traders, not investors. Nevertheless, it allows its clients to use copy trading on live accounts. Note that traders with multiple accounts cannot duplicate their positions across these accounts. Each account must be managed independently using a different strategy.

While the prop firm prohibits trading signals, it allows expert advisors without high-frequency trading and closing trades for less than 2 minutes.


Partnership program from Quant Tekel (Ascendx Capital):
Under this program, partners can receive rewards for attracting new clients to Quant Tekel (Ascendx Capital). Marketing materials can be shared via social media, websites, blogs, or podcasts. Depending on the number of referred traders, there are four program levels:

25 referrals bring 15%;

50 referrals — 20%;

100 referrals and 50 registered clients — 25%;

100 registered clients — 30%.

Partners who refer over 100 traders can apply for a $50,000 account without a subscription fee. Additionally, the top-performing partners with over 100 registrations receive a free $100,000 demo account.

Score:
5.45
/10
Customer support
Information
Quant Tekel (Ascendx Capital) provides 24/7 technical support available via various communication channels.

Advantages
24/7 availability
The average response time in the live chat is 2 minutes
Disadvantages
Communication via messengers is not available
No callback option

Education
Information
The Quant Tekel (Ascendx Capital) website does not offer a comprehensive section with Forex and CFD trading education.

Information available with Quant Tekel (Ascendx Capital)
Information not available on the Quant Tekel (Ascendx Capital) website
Description of price slippage
What is a margin call and what are the ways of avoiding it
Definitions of swap and rollover
Using various order types on MT5 and DXtrade
Explanation of leverage, margin, and equity
Tips on calculating potential profits, losses, and margin
Reducing risks when trading on OTC markets
Basics of trading psychology
Understanding price charts and time frames
Upon registering a user account with Quant Tekel (Ascendx Capital), traders can request a Free Trial demo account before paying for evaluation. This account type helps traders learn trading basics and explore Kubera’s trading conditions.

Detailed Quant Tekel (Ascendx Capital) review
Quant Tekel (Ascendx Capital) implements a two-phase evaluation, which is one of the most common models. Trading on demo and live accounts is conducted through MetaTrader 5 and DXtrade, typical for Forex and CFD markets. Funding applicants can trade popular over-the-counter assets with leverage, profitable conversion conditions, and low market spreads. Subscription payments are refundable upon confirming traders’ qualifications and switching to a live account.

Quant Tekel by the numbers:

5 account types with funding from $10,000 to $200,000;

Services are provided in over 180 countries;

The average withdrawal time is 4 hours;

Trader's profit share is 90%.