QT PRIME – Frequently Asked Questions (FAQ)

1. What is the QT PRIME Challenge?

QT PRIME is a structured trading challenge designed for traders who seek flexibility, competitive trading conditions, and strong risk management. It is available in both 2-Step and 3-Step Evaluations, allowing traders to choose a format that suits their trading style.

2. What are the profit targets for the evaluation phase?

2-Step Challenge:

• Stage 1: 8% Profit Target
• Stage 2: 5% Profit Target

3-Step Challenge:

• Stage 1: 6% Profit Target
• Stage 2: 6% Profit Target
• Stage 3: 6% Profit Target

3. What are the drawdown limits?

• Daily Drawdown: 4% fixed, based on the initial balance

• This means the daily drawdown is always calculated from the starting account balance and remains fixed, regardless of whether the account is in profit or drawdown.
• Example: On a $100,000 account, the daily drawdown will always be $4,000, whether the balance is above or below $100,000.
• During daylight saving time, which typically occurs during the summer months, the server time is set to Greenwich Mean Time (GMT) + 3. This means the daily loss limit resets at midnight GMT+3. 

  
  For the remainder of the year, when daylight saving time is not in effect, the server time is adjusted to GMT+2. In this case, the daily loss limit resets at midnight GMT+2. 

  
  

• Maximum Drawdown: 10% of the initial balance

• Equity Protector: 1.5% | Auto-close all open positions when 1.5% floating loss is recorded in any trade.
  (This is a protective measure and is not considered a breach.)

Equity Protector Disclaimer:

• There can be a delay in the execution of position closures after the Equity Protector detects a 1.5% floating loss. Due to market volatility, the final closed loss may vary. It is recommended that traders do not solely rely on the Equity Protector and instead use Stop Losses for proper risk management.

4. What are the trading day requirements?

• A minimum of 4 trading days per phase (including funded accounts).
• Funded traders must have at least 2 profitable days with a minimum of 0.5% profit each.

5. What is the maximum allowed risk per trade? (Funded Accounts Only)

• Funded traders must not risk more than 2.5% on a single trade.
• The "all-or-nothing" approach is strictly prohibited under the Gambling Rule.

6. What is the News Trading Rule? (Funded Accounts Only)

• Red Folder news events have restrictions.
• No opening, closing, or adjusting trades 5 minutes before or after a Red Folder news event.
• If a predefined Stop Loss (SL) or Take Profit (TP) is hit, it will be honored.
• Violating this rule will result in a hard breach.
  
  For more details on news rule, please visit https://support.quanttekel.com/a/solutions/articles/202000072561

7. What is the Layering Rule? (Funded Accounts Only)

• Traders cannot have three or more open positions on the same asset at the same time.
• Violating this rule will result in a hard breach.

8. What is the Stop Loss (SL) Rule? (Funded Accounts Only)

• A Stop Loss must be placed within 60 seconds of opening a trade 

Please Note - Traders who are displaying any abusive behaviors regarding this stop loss rule will face an additional review by the Risk and Compliance team. An example of abusive behavior is undertaking prohibited strategies such as HFT, as well as a closing trades under 60 seconds without a stop loss set. 

• Failure to place a Stop Loss within 60 seconds will result in a hard breach.

9. What account conditions are available?

Traders can choose between:

• Raw Spreads + Commission, or
• Variable Spreads (Commission-Free)

All accounts are swap-free by default.

Commissions for Raw Spreads Account:

• $2 per lot per side (buy/sell)
• $4 per lot per round trip

Applies to all instruments (Forex, Indices, Metals, Oil, and Crypto).

10. What leverage is provided under QT PRIME?

• Forex: 1:50
• Indices & Oil: 1:20
• Metals: 1:15
• Crypto: 1:1

11. How are payouts handled?

• Standard 80% profit split for all funded traders.
• Biweekly payouts for funded traders.

QT PRIME is designed for traders looking for the best trading conditions, structured risk management, and flexibility. If you have further questions, please contact our support team.