AscendX Capital has officially changed its name to QuantTekel. This rebranding signifies a broader expansion of services and enhancements to provide traders with improved tools and opportunities. FundedTrading.com provides an in-depth look at the changes and what they entail for the trading community.
Rebranding Announcement
On September 16, 2024, AscendX Capital announced its transition to QuantTekel through a message addressed to its trading community. The company highlighted that the name change is complete and that the migration process to the new brand is proceeding smoothly. Founders Alex and James thanked clients for their support and assured a seamless transition for all users.
New Website Launch
QuantTekel has unveiled its redesigned website, accessible at quanttekel.com. The new site offers comprehensive information on brokerage and prop firm services and features an updated layout for easier navigation. Users will find detailed sections on the company’s offerings and profiles of existing and new team members.
Introduction of New Trading Challenges
QuantTekel is expanding its challenge offerings to better cater to diverse trader preferences:
- 1-Step Challenge: Designed for traders seeking a quicker path to account funding.
- 3-Step Challenge: Tailored for those who prefer a more gradual progression in their trading journey.
These new options supplement the existing Two-Step Challenge, providing traders with greater flexibility in choosing a challenge that aligns with their trading strategies and goals.
Migration to Enhanced Trading Platforms
The transition to QuantTekel includes migrating clients to new trading platforms. While the exact timeline for this migration has not been specified, the company has assured clients that the process will be handled securely and without disrupting ongoing trading activities. Existing clients will retain access to their current platforms, provided their geographical licensing permits.
Expanded Trading Platform Options
Previously, AscendX Capital supported MetaTrader 5 (MT5) and cTrader. With the rebranding to QuantTekel, two additional platforms are now available:
- DXTrade
- TradeLocker
This expansion allows traders to select from a wider range of platforms, accommodating different trading styles and preferences.
Monthly Trading Competitions
QuantTekel is introducing free monthly trading competitions to foster a competitive environment. Participants can compete for rewards, including earning free trading accounts based on their performance and rankings. These competitions encourage skill development and active engagement within the trading community.
Upgraded In-House Technology
The company has invested in improving its in-house technology infrastructure. The enhancements provide traders with better tools for monitoring trades and analyzing performance. These technological upgrades will facilitate more informed decision-making and enhance overall trading efficiency.
Upcoming Loyalty and Reward Schemes
QuantTekel has announced plans to launch Loyalty and Reward Schemes, although specific details have yet to be disclosed. These programs are intended to recognize and reward consistent and successful trading activity, offering additional incentives for traders who maintain active participation.
Impact on Traders
The rebranding to QuantTekel and introducing new features are poised to offer a more versatile and supportive trading environment. Existing clients can anticipate a smoother trading experience with access to enhanced platforms and new challenge options. New traders will benefit from a broader range of tools and services designed to support their trading endeavors from the outset.
Statement from the Founders
In their announcement, founders Alex and James thanked the trading community for their continued support throughout the rebranding process. They emphasized the company’s commitment to ensuring a smooth transition for all clients and highlighted the upcoming enhancements to improve the trading experience.
Conclusion
With a revamped website, expanded platform offerings, new trading challenges, and improved technology, QuantTekel is positioning itself to better serve existing and new traders. As the migration continues, clients can look forward to new features and services to enhance their trading activities.
