Quant Funded prop firm advertises itself as a prop firm that offers access to up to 400k USD in funding with a maximum profit sharing of 80%. However, all funded accounts are simulated or demo accounts, meaning traders never get access to live funded accounts even after they get funded. The funding options range from 10k to 200k USD and traders can select their preferred currency (from USD, EUR, and GBP). Traders can trade Forex assets on advanced platforms like MT4 and MT5.
In this Quant Funded review, we will assess the firm’s most critical features such as safety, rules, funded options and types, assets, platforms, support, and more.
| Pros | Cons |
|---|---|
| Offers up to $400,000 in simulated funding | All accounts are simulated/demo accounts |
| Access to MT4 and MT5 trading platforms | Limited educational resources |
| Competitive 80% profit-sharing | No scaling plans |
| Competitive leverage of up to 1:100 |
| FPA Score | Not rated yet |
| Year founded | 2024 |
| Headquarters | United Arab Emirates |
| Minimum audition fee | 89 GBP |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 10,000 USD |
| Maximum funded amount | 200,000 USD |
| Allowed daily loss | 5% |
| Profit target | 10% |
| Maximum trailing drawdown | 10% |
| Profit sharing (Payouts) | 80% |
| Trading Platforms | MetaTrader 4, MetaTrader 5 |
| Available trading markets | forex pairs, indices, metals, cryptocurrencies, and oil |
There are no Quant Funded reviews on the Forex Peace Army platform, which is a red flag. On Trustpilot, the firm has only around 20 reviews, which is not enough to evaluate how reliable it is and what kind of experience traders have with the firm. When it comes to experience, the firm was launched in 2024 which means it is very young and inexperienced in the prop trading sector. A regulated broker does not back the firm. Instead, all funded accounts are simulated or demo accounts, which is a big red flag for the firm.
As a result, the firm gets a 0 score in this section for lacking all crucial safety aspects.
There is only one Quant Funded funded program, which is a 2-step challenge evaluation account. The Quant Funded funding options include 10k, 25k, 50k, 100k, and 200k USD amounts. Traders have to hit profit targets in two different phases to get funded and start trading for profits. Quant Funded challenges allow traders to select account currency from USD, EUR, and GBP, allowing traders from diverse regions to trade with their preferred currency and avoid conversion fees during withdrawals.
A Quant Funded scaling plan is not available, which is a downside for the firm. Traders can not start small and grow their accounts, which is a serious disadvantage for experienced traders who want to access substantial capital, beyond 200k. However, traders can merge several funded accounts and control a maximum of 400k USD in simulated funding.
In the end, the firm gets a 3 score in this section for offering from 10k to 200k USD challenges but lacking smaller and higher capital.
Quant Funded prop trading assets mainly include popular Forex assets such as Forex pairs, indices, metals, cryptocurrencies, and oil. The leverage is up to 1:100 which is super competitive and allows traders to control considerable buying power, 100 times their account balance. However, traders have to be cautious when using high leverage on funded accounts, as they can hit daily and maximum loss limits very quickly. There are no stocks or futures offered for trading.
The firm gets a 2.5 score in this section.
Quant Funded rules are the same for all funding options, as all funded challenges are 2-step accounts. Here are the most important rules:
As we can see, the firm is very strict and does not allow traders to hold open positions overnight and over weekends when they get funded. This is very restrictive and forces traders to use different strategies when they get funded and limits which strategies they can employ.
In the end, the firm gets a 1.1 score in this section.
No matter which account the trader selects and which account currency they prefer, the pricing is always in GBP or pound, which makes it more expensive than in dollars. Here is the list of all one-time fees for all funded options offered by the firm:
As we can see, the pricing is competitive as it is below 150 dollars for the smallest, 10k USD 2-step challenge. However, we have reviewed many reliable firms that offer even cheaper fees for 1-step accounts of the same funding amount, which makes the firm not very competitive in this sphere.
Quant Funded free trial is not offered and the Quant Funded free repeat is not offered either, which is a downside, as traders can not test trading conditions or start over for free. There are no discounts to reduce challenge fees.
Overall, the firm gets a 1.5 score in this section.
The firm allows access to two most popular Forex trading platforms, including MT4 and MT5. These platforms allow traders to use custom indicators and EAs, including automated trading systems. Mobile trading is available via mobile apps of both platforms, which is flexible as they offer a diverse set of tools and built-in indicators to trade on the go.
Overall, the firm gets a 5 score in this section, as it also allows EAs.
Quant Funded profit split is 80% which is attractive and allows traders to maintain a significant portion of their profits generated in FX funded trading. Withdrawals are slightly slower, though, as they require 1-3 business days to get processed.
The firm gets a 1 score in this section for lacking quick withdrawals and 90% profit sharing.
When it comes to educational resources, the firm only offers a trading blog, which can not be used as a substitute for a comprehensive trading education. There are no webinars, trading courses, or video guides available, which is a downside.
Overall, the firm gets a 1 score in this section.
The firm offers live chat, email, and phone support which is flexible. The availability of phone support is very beneficial for local traders. Both the website and support options are available only in the English language, which is a downside for the firm.
Overall, the firm gets a 3.6 score in this section.
Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.
Quant Funded scam is still a possibility as the firm is young and lacks trader feedback on its services. Additionally, all funded accounts are simulated, or demo accounts.
The firm offers competitive pricing, advanced platforms, and good support options, but lacks safety, which makes it still a risky company.
The smallest 2-step challenge account will cost 89 GBP, which is competitive pricing.
© Copyright 2022, All rights reserved