/
Login
Breaking
All news
Comparison · Forex

Track record: QT Funded vs. Velotrade

Updated on

Who is behind each firm

QT Funded is led by CEO Tanswell Sassman and operates from Cape Town, South Africa. The firm has reached a level of institutional size that allowed it to announce the acquisition of Titan Capital Markets in October 2026, a move aimed at consolidating its community. On the other side, Velotrade is based in Hong Kong and is led by Gianluca Pizzituti. While QT Funded follows a more traditional corporate expansion model, Velotrade positions itself as a firm deeply integrated with modern financial technology, focusing its operations on transparency through blockchain verification.

How long they have been around

There is a significant gap in seniority and public footprint between the two. QT Funded was founded in 2023 and has accumulated over 13,380 reviews on Trustpilot, suggesting a high volume of user traffic and a tested operational structure. Velotrade is a much younger entity, founded in 2025. Its public record is currently minimal, with only 8 reviews on Trustpilot and a "blocked" status on that specific review platform, which indicates a very early stage of market entry or a different approach to public reputation management.

What they promise and what backs it

QT Funded offers a wide range of plans, including the "QT Power" and "QT TWO" evaluations, and even an "Instant" funding option with a 100% profit split. These aggressive offers are backed by a multi-year history and the recent acquisition of another entity, though they come with complex risk rules like trailing drawdowns in certain accounts (QT ONE and Instant) and specific consistency requirements for its high-payout plans. For example, a $50,000 QT Power account costs $200, whereas Velotrade offers a $50,000 Classic 2-Step for $419.

Velotrade promises a more "professional" risk environment with static drawdowns that do not trail profits, which is often preferred by experienced traders. However, since the firm only started in 2025, this promise of stability is yet to be backed by the same volume of long-term payouts that a firm from 2023 can claim. Velotrade also enforces a strict "qualifying day" rule where traders must earn at least 0.8% profit to count a day toward their minimum trading requirements, a higher bar than QT Funded’s 0.5% requirement in its QT TWO plan.

How they handle your money

The approach to financial operations reflects their different geographical and technological focuses. QT Funded shows high operational maturity by supporting various payment and payout methods, including Credit Cards, Bank Transfers, PayPal, and Crypto. They offer cycles as short as 4 days for certain accounts, backed by a traditional brokerage setup with Quant Tekel.

Velotrade is strictly crypto-oriented for payouts, using the Arbitrum network (USDC/USDT). While this limits the options for traders who prefer bank wires, Velotrade backs its payout promises with public verifiability on Arbiscan, allowing anyone to see the transaction history on the blockchain. However, Velotrade has a restrictive cap on the first two withdrawals (20 times the fee paid), a limitation not present in QT Funded’s standard terms.

Operational maturity

QT Funded’s maturity is evident in its platform variety, offering MetaTrader 5, cTrader, and TradeLocker. This provides a familiar environment for most retail traders. Velotrade has opted for a more modern, browser-based approach by using DXtrade exclusively. While QT Funded permits a broader range of styles and has an established "add-on" system to customize accounts (like removing swaps or increasing splits), Velotrade is more restrictive, explicitly banning strategies like Martingale and Grid, which QT Funded does not explicitly list as prohibited, though it does warn against "toxic" behaviors.

What the record does and does not tell you

The record shows that QT Funded is a more established player with a massive user base and a traditional corporate structure, while Velotrade is a newcomer attempting to differentiate itself through blockchain transparency and static risk rules. However, a high number of reviews for QT Funded does not guarantee future performance, and the "blocked" status of Velotrade on review sites might simply be a result of their early stage or specific platform disputes rather than a definitive sign of service quality. Each trader must weigh QT’s proven volume against Velotrade’s modern but less-tested technical framework.

Frequently asked questions

Which firm is more affordable for a 100,000 USD two-step evaluation, QT Funded or Velotrade?

QT Funded is significantly more affordable for this specific account size. Its "QT TWO" 100k account is priced at $550, whereas the "Classic 2-Step" from Velotrade costs $769. This difference reflects QT Funded's more competitive pricing in the traditional evaluation market compared to Velotrade's higher-cost entry.

Does QT Funded or Velotrade offer a better profit split for successful traders?

QT Funded offers a higher potential profit split, reaching up to 100% in its "QT INSTANT" plan and a standard 80% on evaluation plans (upgradeable to 90% via add-ons). Velotrade starts with a standard 80% split, which can also be increased to 90% if the specific add-on is purchased at the start of the challenge.

Which firm provides more platform options for trading, QT Funded or Velotrade?

QT Funded provides more variety, offering three different platforms: MetaTrader 5, cTrader, and TradeLocker. In contrast, Velotrade currently only supports DXtrade, which may limit traders who are accustomed to the specialized tools or EAs available on the MetaTrader or cTrader ecosystems.

Between QT Funded and Velotrade, which one allows for more diverse payout methods?

QT Funded is more diverse, allowing traders to withdraw their profits via Crypto, Bank Transfer, or Card. Velotrade is much more specialized and restricted in this regard, as it only processes payouts in cryptocurrency (USDC or USDT) specifically through the Arbitrum network.

Field by field

QT Funded and Velotrade, side by side

Rules, plans, platforms, leverage, commissions and payouts of both, with the option to see only what differs.

Head to head

65 differences

60%off · Exclusive
25%off · Exclusive
Headquarters

Cape Town, South Africa, Western Cape, 7764, ZA

Hong Kong

CEO

Tanswell Sassman

Gianluca Pizzituti

Country

South Africa

Hong Kong

Foundation

2023

2025

Banned Countries
Cyprus, Iran, North Korea (Democratic People's Republic of Korea), Sudan, Syria, Russia
North Korea, Iran, Syria, Cuba, Crimea, Donetsk, Luhansk
Assets
Forex, Commodities, Indices, Crypto
Crypto, Forex, Stocks, Indices, Commodities, ETFs
Brokers
Quant Tekel
No data
Refund
Yes

Only when purchasing with add-on

No

No standard fee refund after passing. The terms exclude refunds once the platform is accessed or the first trade is placed, except where required by law.

Platforms
Metatrader 5, cTrader, TradeLocker
DXtrade
Demo Account
Metatrader 5
ID10255137Password6M!3h%PzFrServerQuantTekel-Server
TradeLocker
IDspreads@qtfunded.comPassword5Tagx>J}SnpKServerQTEKEL
DXtrade
ID-Password
Payout Methods
Crypto, Transfer, Card
Crypto
Payment Methods
Crypto, Transfer, Card, PayPal
Card, Crypto
Payout Frequency
  • QT ONE: 4-day cycle
  • QT TWO: 14-day cycle
  • QT INSTANT: 4-day cycle
  • QT Power: 14-day cycle for accounts purchased from August 11, 2026. Accounts purchased on or before August 10 receive the first payout on demand, then move to a 14-day cycle.
  • QT 1 Step (BNPL): 14-day standard cycle
  • QT Bonus (promotional accounts): 30-day cycle

First, after 14 calendar days from the first funded trade and completion of the required profitable days. Then weekly on request. Paid in USDC or USDT on Arbitrum; each payout is publicly verifiable on Arbiscan.

Alternative Currency
GBP
No data
Minimum Withdrawal

1% of profit ($100 min) — except QT INSTANT: 5% of profit, and a 3% buffer applies (8% profit must be reached before the first payout request).

USD 100

Payout Fee
No data

Variable network fee, deducted from the withdrawal and shown when requesting it.

Payout Guarantee
No data

Processing within 24 hours of approval. Trading is halted during the preceding review, which may take longer during busy periods.

Crypto Weekend Trading
No data
Yes
Maximum Withdrawal
No data

First and second withdrawals: capped at 20 times the challenge fee actually paid. The excess is forfeited. No cap from the third withdrawal. Full withdrawals only; the starting balance is restored afterwards without moving the drawdown floor.

Forex
50:1

Evaluation / funded: majors 50:1 / 30:1; minors 30:1 / 20:1; exotics 20:1 / 10:1.

Metals
15:1

Evaluation 6:1; funded 5:1.

Energies
10:1

Evaluation 6:1; funded 5:1.

Indices
20:1

Evaluation 6:1; funded 5:1.

Crypto
1:1

Evaluation / funded: BTC 10:1 / 5:1; ETH and SOL 6:1 / 5:1; XRP, HYPE, DOGE, BNB, BCH, SUI, XAUT and ADA 3:1 / 2:1; remaining crypto 2:1 / 2:1.

Stocks
No data

Evaluation 5:1; funded 3:1.

ETFs
No data

Evaluation 6:1; funded 5:1.

Forex
4 / lot
0.004%
Metals
4 / lot
0.01%
Energies
4 / lot
0.01%
Indices
4 / lot
0.03%
Crypto
4 / lot
0.03%
Commission-Free Option
Yes
No
Stocks
No data
0.03%
ETFs
No data
0.03%
Swap Free
Yes
No

Overnight funding is 0.05% of notional, the same for longs and shorts. Crypto, stocks, indices and commodities: 00:30 UTC, including weekends. Forex: 21:00 UTC, triple on Wednesday and no separate Saturday or Sunday charge.

Account Reset

Phase 2 reset available with add-on

No resets or standard free retakes. A failed challenge requires a new purchase.

Add-ons
Yes
  • Variable Spreads
  • Usage of EA
  • Swap Free
  • 10% Profit Split Extra (80% → 90%)
  • Refund on First Payout
  • 14 Day Payout cycle
  • 7 Day Payout cycle
Yes

Profit-share upgrade available at purchase. Variants and their prices are shown in the challenges.

Instant
Yes
No
One Step
Yes
Yes
Account scaling
Yes
No

No published scaling plan. Increasing capital requires additional accounts within the maximum allocation.

Two Steps
Yes
Yes
Max Drawdown
  • QT ONE: 6% static
  • QT TWO: 8% static
  • QT INSTANT: 6% trailing, locked at starting balance once a withdrawal is made
  • QT Power: 8% static
  • QT 1 Step (BNPL): 6% trailing

Static against each phase's starting balance, including funded accounts. It does not trail profits or move with payouts. Balance and floor reset at the start of the second phase. Equity reaching or falling below the floor, including floating losses, closes the account.

Profit Split
  • QT ONE: 70%
  • QT TWO: 80%
  • QT INSTANT: 100%
  • QT Power: 80%
  • QT 1 Step (BNPL): 80%
    Upgradeable to 90% with the "10% Profit Split Extra" add-on on eligible plans.
No data
Free Trial
No
No

Free read-only DXtrade guest access to view instruments and prices, without trading. Sprint offers challenge prizes, with award-specific profit splits and payout caps.

Daily Drawdown
  • QT ONE: 3% trailing (fixed amount, threshold recalculated daily on the higher of previous close balance or equity)
  • QT TWO: 4% fixed (balance-based)
  • QT INSTANT: 3% fixed
  • QT Power: 4% fixed
  • QT 1 Step (BNPL): 3% daily trailing

Recalculated at 00:30 UTC from the higher of balance or equity at that moment. Floating profit can raise the reference; the resulting floor is monitored against real-time equity. Reaching or falling below it breaches the account.

Three Steps
No
No data
Max Allocation
  • Max total funded allocation: $300,000
  • Max Instant funded allocation: $100,000
  • No duplicate asset trading when at limit
200,000
Merge Accounts
Yes
No
Maximum Trading Days

Unlimited

No completion deadline; the inactivity rule still applies.

Minimum Trading Days
  • QT ONE: no minimum on the evaluation (can pass in a single day); 4 days when funded
  • QT TWO: 4 days per phase
  • QT INSTANT: 4 days when funded
  • QT Power: 4 days in each evaluation phase and 4 days per funded payout cycle
  • QT 1 Step (BNPL): no minimum on the evaluation; 5 days when funded

Five qualifying days, not necessarily consecutive, per evaluation phase. The count resets on funding and must be met again before the first payout, but not subsequent payouts.

Monthly Competition
No
No data
Minimum Profitable Days
  • QT TWO: 4 days of +0.5% profit per cycle
  • QT INSTANT: 4 days of +1% profit per cycle
  • QT ONE: not required

A qualifying day requires net realised profit of at least 0.8% of the starting balance. Days run from 00:30 to 00:30 UTC. Holding a position open does not add days.

Maximum Accounts
No data

One registered profile and verified identity. Multiple challenges and funded accounts may sit under that profile; each is assessed separately and results cannot offset one another.

Expert Advisor (EA)
Limited

Before using EAs, they must go through a pre-approval process.

Limited

Self-built or publicly available commercial EAs, bots and AI are allowed in evaluation and funded accounts. REST and WebSocket API included without fee or approval; no FIX or L2/L3 depth through the API. MT4/MT5 EAs need a bridge or adaptation. Private, exclusive or bespoke signals are prohibited.

VPN
Yes
Yes

VPNs, VPSs and IP changes are allowed. Only the verified owner may trade; access sharing remains prohibited.

Hedging
Yes
Limited

Only within the same account. Cross-account, cross-platform and cross-firm hedging is prohibited, including via copiers. First offence involving one trade: trades closed and a one-time warning per user; multiple trades or repetition: permanent closure.

Requires Stop Loss
Yes

A Stop Loss must be placed within 60 seconds of opening a trade. Applies to QT TWO and QT INSTANT (funded accounts). QT ONE has no stop loss rule.

No

Optional. A triggered Stop Loss exits at market and may slip. Stop Limit orders are disabled.

Scalping
Yes
Limited

Ordinary scalping is allowed; tick scalping, HFT and pricing or latency exploitation are prohibited.

Stacking / Layering (DCA)
No

Cannot have three or more open positions on the same asset at the same time (only funded account

No data
Maximum Risk Limit
Yes
  • QT ONE (Funded): 1% max floating loss across all open positions
  • QT TWO (Funded): 1% max floating loss (first violation is a soft breach, second is a hard breach)
  • QT TWO (Evaluation): exposure must stay under 75% of the daily drawdown limit
  • QT INSTANT (Funded): 1% max exposure per instrument
  • QT Power (Evaluation): exposure must stay under 75% of the daily drawdown limit
  • QT Power (Funded): no exposure limit
  • QT 1 Step (BNPL, Funded): 2% floating loss
Limited

No general numeric per-trade cap. Leverage, equity limits and the ban on abusive risk still apply. Single stocks have per-company and total exposure limits published on the platform, with possible short restrictions.

Copy Trading
Yes

Allowed without restrictions when allocation is lower than $300,000.
Not allowed when the allocation is $300,000 or above.

Limited

Only between accounts owned by the same trader. Public signal services and commercial EAs are allowed without subscriber coordination. Copying other people's accounts, third-party management and private, exclusive or bespoke signals are prohibited.

News Trading
Limited
  • No new entries or exits within the 10-minute window around a restricted news event (5 minutes before and 5 minutes after).
  • Order modifications ARE permitted during that window: adjusting stop loss, modifying take profit and cancelling orders.
  • Positions or limit orders placed more than 5 minutes before the release (with SL and TP set) may remain open or be triggered during the event.
  • Restricted releases: CPI, FOMC statement and meetings, Non-Farm Payrolls and USD PMI. Red folder events restrict every pair involving that currency and any index priced in it.
  • News source: Forex Factory.
  • The News Rule does NOT apply to QT ONE, QT INSTANT, QT Power or QT 1 Step (BNPL) accounts.
Limited

Macro news trading is allowed. For single stocks, close from 24 hours before to 24 hours after earnings and ex-dividend events. Close before other corporate actions announced at least one day in advance; reopen when normal trading resumes.

Inactivity Rule
  • QT TWO: no inactivity rule
  • QT INSTANT, QT Power, QT 1 Step (BNPL): 14 days
  • QT ONE: the comparison table states 7 days while the plan article states 14 days; confirm with support before relying on it.
    The period runs from the purchase date if no trade has been placed, or from the most recent closed trade.

Deactivated after 30 calendar days without valid activity, counted from assignment or the latest trade close. A trade held at least 60 seconds qualifies; open positions pause the timer and pending orders do not count. One support-requested reactivation is available within six months; afterwards it may be treated as a hard breach.

Consistency Rule
Yes
  • QT INSTANT: 30%
  • QT Power: 35% in both evaluation and funded
  • QT 1 Step (BNPL): 20%
  • QT ONE, QT TWO: no consistency rule
No

No cap on a winning day's share of profit; qualifying-day requirements and prohibited strategies still apply.

Hold Weekend
Yes
Limited

Allowed, including forex. Single stocks may have size limits, weekend bans or mandatory out-of-hours closure by instrument. Equity limits and overnight costs continue to apply.

Prohibited Strategies
  • All-or-Nothing
  • Latency Trading
  • Arbitrage Trading
  • High-Frequency Trading
  • Tick scalping
  • Reverse Trading or Group Hedging
  • Order book spamming
  • Flooding the server with messages due to incorrect use of algorithm
  • One side betting
  • Trading behaviours that the Risk Department deem Toxic

Martingale, grid, arbitrage, tick scalping, HFT, latency or error exploitation, private or bespoke signals, account sharing, insider information, coordinated risk elimination and account rolling. Abusive overleveraging, correlated overexposure and repeatedly adding to losing positions are also prohibited. Profits may be removed, payouts withheld or accounts closed.

Martingale
No data
No
Free newsletter

Pick your firms. Get what matters.

  • Exclusive promotions, updated daily
  • Funded trading industry news
  • Full control: you choose which firms to follow

FreeNo spamOne-click unsubscribe

Community

Join the community

Join us on our mission to become the most influential family in funded trading.

  • trade-ideasTrading ideas from the community
  • giveawaysGiveaways from prop firms
  • respect-leaderboardTop 10 by Respect earned
  • wins-and-lossesFundings, payouts and blown accounts
Join the Discord