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QT Funded
- Country
- South Africa
- Founded
- 2023
- Platforms
- MT5, cTrader, TradeLocker
QT Funded 2.8 QT Funded: News and updates
QT Funded Announces Key Updates to Trading Rules and Payout Requirements
QT Funded has announced significant updates to its trading rules and payout requirements, following extensive feedback from its trading community. These changes are designed to enhance clarity, transparency, and operational consistency. The "News Rule" has been simplified for QT PRIME and QT INSTANT accounts purchased starting tomorrow. Traders will now only need to follow Forex Factory news listings, observing a 5-minute window on either side of the event, with the duration of speeches no longer being a factor. For existing funded accounts, the original speech rule will remain active. A new minimum payout requirement has been introduced, stipulating that all payout requests must meet at least 1% profit or $100 (excluding profit split), whichever amount is greater. This applies to all account types. Lastly, for QT Prime accounts, a trading activity requirement of at least four days has been implemented. Before submitting a payout or passing a phase, traders must complete these days demonstrating a similar trading style and volume/lots, ensuring consistent trading behavior. This measure applies only to the first cycle of funded accounts and aims to validate genuine performance; failure to meet it incurs no penalty, simply requiring a new cycle to comply.
QT Funded Launches QT Card for Transparent Trader Payouts and Rewards
QT Funded has announced the introduction of the QT Card, a new initiative aimed at enhancing trader payouts and loyalty reward systems. The QT Card will be available in virtual, physical, and metal formats, offering versatility and full transparency in its operations. Those interested in this new product can join the waitlist by visiting the official website: http://qtfunded.com/cards.
QT Funded compensates its clients for technical failure
QT Funded recognizes the difficulties in calculating the consistency score after compensating its clients with 1% for a recent technical failure. The company has allocated more than 2 million USD in compensations to all funded accounts. As previously announced, this compensation is not considered for the calculation of the consistency score. To facilitate the calculation, a consistency score calculator has been published: https://qtfunded.quanttekel.com/consistency-score-calculator.
QT Instant Removes Layering Rule and Allows Profit Withdrawals Without Drawdown Limits
QT Instant has implemented two significant updates for its users. The layering rule has been removed, allowing traders to stack positions according to their strategy. Furthermore, it is now possible to withdraw all profits without hitting drawdown limits; however, this only applies to new purchases.
QT Funded Streamlines KYC Process with Sumsub Integration
QT Funded has announced the integration of Sumsub to streamline the Know Your Customer (KYC) process for traders in India, Africa, and Asia. This replaces Veriff, addressing previously reported user frustrations. Already verified traders do not need to take any action. New traders can experience the simplified process immediately.
