QT Forex Broker

QT Review Summary Founded2023 Registered Country/RegionSouth Africa RegulationFSCA (Suspicious Clone) Market InstrumentsForex, Commodities, Indices, Cryptocurrencies Demo Account✅ LeverageUp to 1: 100 SpreadGBP/USD: as low as 0.0001 pips Trading PlatformMetaTrader 5 (MT5), cTrader, DXTrade, TradeLocker Min DepositNot Mentioned Customer Supportsupport@quanttekel.com 60 Noll Avenue Gatesville, Cape Town Western Cape, 7764 South AfricaQT Information QT (Quant Tekel) is a dual-mode broker offering both traditional brokerage accounts and prop trading challenges. The platform supports multiple trading platforms such as MT5, cTrader, DXtrade, and TradeLocker, providing up to 90% profit sharing and various leverage options. However, its regulatory status remains questionable.Pros and Cons Pros Cons Supports multiple platformsSuspicious clone license Low spreadsLimited market access ( no stocks or ETFs) Swap-free standard on all accountsNo clear official information on deposit and withdrawal feesIs QT Legit? Quant Tekel (PTY) Ltd is marked as a Suspicious Clone. It claims FSCA regulation under license number 53227, but the entity name used for promotion differs from the official license holder. Indicating likely misuse of regulatory credentials to deceive investors. Regulatory StatusSuspicious Clone Regulated bySouth Africa Licensed InstitutionQuant Tekel (PTY) Ltd Licensed TypeFinancial Service Corporate Licensed Number53227What Can I Trade on QT? QT offers trading in forex, commodities, indices, and cryptocurrencies, but the platform does not specify the number of instruments in each category. Tradable Instruments Supported Forex✅ Commodities✅ Crypto✅ CFD❌ Indexes✅ Stock❌ ETF❌Account Types QT offers two main types of live trading accounts: Prop Trading accounts and Brokerage accounts. The Prop Trading model provides virtual capital up to $200,000 with up to 90% profit share, best suited for experienced or performance-based traders. The Brokerage accounts cater to traditional retail traders with real capital. A free trial/demo account is available, and Islamic (swap-free) accounts are supported on standard plans. Account TypeDescriptionSuitable For Prop TradingEvaluation-based funding up to $200k, 90% profit shareFunded traders, challenge seekers Brokerage AccountTraditional retail trading with real fundsAll levels of retail traders Demo AccountFree trial availableBeginners, testing platform Islamic AccountSwap-free accounts supportedMuslim traders (Shariah-compliant)Leverage QT offers tiered leverage based on asset class: up to 1:50 for forex, 1:20 for indices and oil, 1:15 for metals, and 1:1 for cryptocurrencies.QT Fees QT's overall fee structure is competitive compared to industry standards, offering low spreads and commission-free options, especially within its prop trading plans. Swap Rates QT provides swap-free trading by default on all accounts, meaning traders do not incur overnight interest charges for holding positions, a notable advantage for swing and long-term traders, as well as for compliance with Islamic finance.Trading Platform Trading PlatformSupported Available Devices Suitable for what kind of traders MetaTrader 5 (MT5)✔Desktop, MobileProfessional and algorithmic traders TradeLocker✔Desktop, MobileBeginner to intermediate traders seeking user-friendly interface cTrader✔Desktop, MobileAdvanced and institutional traders DXTrade✔Desktop, MobileTraders seeking intuitive layout and ease of access MetaTrader 4 (MT4)❌——