Help Centre
### Quant Funded - FAQ - Knowledge Base
#### 1. New with Quant Funded
- **What is Quant Funded?**
- A project seeking talented and experienced traders through a 2-step Evaluation course.
- Specializes in trader funding for various styles: day traders, scalpers, swing traders, and beginners.
- Offers traders the chance to manage up to USD 400,000 in company capital.
- Traders keep up to 80% of simulated profits; company covers simulated losses.
- **Who can join Quant Funded?**
- Open to traders worldwide (must be 18+ years old).
- Excludes residents from: USA, Iran, Syria, North Korea, sanctioned individuals, and those with financial crime or terrorism records.
- No services to: Afghanistan, India, Russia, Belarus, Ukraine (specific regions), Indonesia, Cuba, Romania, Venezuela, Sudan, South Sudan.
- **Why choose Quant Funded?**
- Backed by regulated broker QuickTrade (Pty) Ltd (FSP No. 45262).
- Exceptional trading conditions: low latency, tight spreads, no trade interventions.
- Trading accounts leverage up to 1:100.
- Achievable profit targets, fair risk rules, and high profit splits (80/20).
- **Why join Quant Funded?**
- Solutions for common trader problems: small accounts, fear of loss, psychological pressures, discipline issues.
- Manage an account with up to $400,000*.
- Company covers all simulated losses.
- Additional support, trading apps, and resources provided.
- **Are you a broker?**
- No, Quant Funded is an Evaluation Firm finding talented forex traders.
- Backed by a trusted, regulated broker with 20+ years of experience.
- **Who should try Quant Funded Evaluation?**
- Traders lacking capital, seeking to manage company funds.
- Aims to improve trading performance without risking personal capital.
#### 2. Evaluation Process
- **Steps to become a Quant Funded Trader:**
- **Step 1: Quant Funded Challenge (Evaluation Phase 1)**
- Use an Evaluation demo account adhering to trading rules.
- If successful, move to Phase 2.
- **Step 2: Verification (Evaluation Phase 2)**
- Validate performance and consistency with a demo account.
- Easier rules than Phase 1.
- Complete identification process upon passing.
- **Time to become a Quant Funded Trader:**
- Minimum 5 trading days for Phase 1 and 5 trading days for Phase 2.
- Possible to complete in as little as 10 trading days.
- **Post-Evaluation:**
- Notification upon successful completion.
- Receive new account credentials for Phase 2.
- **Rule Violations:**
- Breaching rules invalidates the account; must start anew.
- Initial fee forfeited if rules are violated.
- **Trading Capital:**
- Trade with the same balance as used in the evaluation (demo accounts).
- Maximum capital allocation per trader/strategy is $400,000.
#### 3. Rules
- **Loss Limits:**
- Max daily loss: 5% of account equity.
- Max overall loss: 10% of account equity.
- **Trading Days:**
- Minimum of 5 trading days for both Phase 1 and Phase 2.
- Unlimited time to complete evaluations.
- **Trading Period:**
- No imposed time limits; must place at least one trade every 30 days.
- **Refundable Fee:**
- Refund issued with the first profit split after passing the evaluation.
- **Trading Instruments:**
- Wide range of financial instruments: forex pairs, indices, metals, cryptocurrencies, and oil.
- **Profit Targets:**
- 10% profit in Phase 1, 5% profit in Phase 2 without breaching loss limits.
- **EAs & Bots:**
- Allowed, but certain types (e.g., High-Frequency Trading, Arbitrage) are prohibited.
- **News Trading:**
- Restricted during major macroeconomic events in the Quant Funded account.
- **Weekend Positions:**
- No restrictions during evaluation; positions must be closed before the weekend as a Quant Funded Trader.
- **Prohibited Trading Strategies:**
- Includes password changes, external account management, certain EAs, and strategies not based on live market conditions.
#### 4. Quant Funded Account
- **Payout Cycle:**
- Starts from the first trade; payouts every 30 days, with an option for bi-weekly payouts.
- **Profit Split:**
- 80% of profits to the trader, 20% to Quant Funded.
- No predefined trading periods or targets.
- **Post-Profit Split:**
- New account credentials issued after each profit split.
- **Tax Obligations:**
- Traders are responsible for their tax obligations.
- **Continued Trading:**
- New account issued with the same balance after each payout.
#### 5. Trading Platforms
- **Brokers:**
- Currently offers QuickTrade with MetaTrader5.
- **Trading Platforms:**
- MetaTrader 5 (MT5) available for all associated accounts.
#### 6. Orders & Billing
- **Applying for Quant Funded Evaluation:**
- Set up account parameters at [Quant Funded Dashboard](https://quantfunded-dashboard.quicktrade.co.za/).
- **Payment Methods:**
- Debit/credit card (PayFast).
- Cryptocurrencies (Binance, NACE, AstroPay).
- **Fees:**
- No additional or hidden fees for the Quant Funded Evaluation.