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!** 🚨
— QuantTekel (@QuantTekel) January 13, 2025
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
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.