The prop
trading firm and FSCA-regulated broker Quant Tekel (formerly AscendX) has
announced the addition of cTrader and TradeLocker platforms to complement its
existing MetaTrader 5 offering.
Prop Firm Quant Tekel
Expands Trading Platform Lineup
Continuing
its expansion of prop trading and brokerage offerings, Quant Tekel announced
earlier this week the addition of cTrader to its platform lineup. The firm also
announced reduced prices for their trading challenges.
“Experience
ultra-fast execution, advanced charting tools, and cutting-edge features that
will transform the way you trade! Whether you’re a pro or just starting,
cTrader at QuantTekel is your new secret weapon,” Quant Tekel promoted its
newest platform across social media channels.
🚨 **AMAZING NEWS, TRADERS!** 🚨The moment you’ve been waiting for has arrived… **QuantTekel is officially launching cTrader**! 🎉🔥🚀 **Experience ultra-fast execution**, **advanced charting tools**, and **cutting-edge features** that will transform the way you trade!… pic.twitter.com/6OVZ21JRdW
— QuantTekel (@QuantTekel) January 13, 2025
The
following day, the firm prepared a treat for its U.S. clients by introducing
the TradeLocker
platform. The platform offers comprehensive trading capabilities through a
browser-based interface and mobile app, eliminating the need for software
downloads.
The prop
firm has been operating since late 2023, and in September of last year, it
introduced brokerage services alongside
its rebranding from AscendX Capital to Quant Tekel.
Previously,
the firm succeeded in obtaining authorization from South Africa’s FSCA, which
was officially granted to Quant Tekel (Pty) Ltd on December 18, 2023 (license number 53227).
cTrader and Trade Locker
Gain Prop Trading Traction
TradeLocker
continues to expand its presence in the proprietary trading industry, with
several firms recently incorporating the platform into their offerings. In
September, Lionheart Funding Program, an Australia-based firm, joined the list
of companies utilizing TradeLocker, as reported by Finance Magnates.
The
platform has gained traction among prop trading firms this year, particularly
after the regulatory changes introduced by MetaQuotes in February. Notable
firms now offering TradeLocker include Funding Pips, Top Tier Trader, and Goat
Funded Trader (GFT).
Similarly,
cTrader, a platform developed by Spotware, has seen increased adoption among
prop trading firms. GFT recently added cTrader to its
lineup, joining The Funded Trader and MyFundedFX, which also integrated the
platform in recent months. According to data from PropFirmMatch, cTrader is
currently used by more than a dozen verified and well-regarded proprietary
trading firms.
This article was written by Damian Chmiel at www.financemagnates.com.
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