Proprietary Trading General Service Agreement

Last updated March 15, 2025

By using our services, the client agrees to the terms set out in the below agreement.

Between

Client: (the “Client”).

AND:

Contractor: Quant Tekel LLC – 3984 LLC 2025 (the “Contractor”), an LLC registered in St Vincent, with the following details:

  • Legal Name: Quant Tekel LLC – 3984 LLC 2025
  • Place of Registration: St Vincent & the Grenadines 
  • Registered Office Address: EuroHouse, Richmond Hill Road Kingstown 
  • Email Address: support@quanttekel.com

Background

A. The Client is of the opinion that the Contractor has the necessary qualifications, experience, and abilities to provide services to the Client.

B. The Contractor agrees to provide such services to the Client on the terms and conditions set out in this Agreement.

In consideration of the matters described above and of the mutual benefits and obligations set forth in this Agreement, the Client and the Contractor (individually the “Party” and collectively the “Parties”) agree as follows:

Services Provided

The Client hereby agrees to engage the Contractor to provide the Client with the following services (the “Services”):

  • Trading on a USD Book.

The Services will also include any other tasks which the Parties may agree on. The Contractor agrees to provide such Services to the Client.

Term of Agreement

The term of this Agreement (the “Term”) will begin on the date of this Agreement and will remain in full force and effect indefinitely until terminated as provided in this Agreement.

  • Either Party may terminate this Agreement by providing one (1) day’s written notice to the other Party.
  • The Contractor may terminate this Agreement at any time, with or without cause.
  • Except as otherwise provided in this Agreement, the obligations of the Contractor will end upon the termination of this Agreement.

Policies and Terms

By signing this Agreement, the Client agrees to follow the policies outlined at the following URLs:

  • General Policy
  • Terms and Conditions

The Client acknowledges that these policies and rules may be updated at any time. It is the Client’s responsibility to keep up to date with all rules and terms of service provided by Quant Tekel Services LTD and adhere to them accordingly.

Evaluation

  • By purchasing the evaluation, the Client agrees to use the services to pass a predefined virtual profit target.
  • The Client agrees to adhere to all parameters set out in the relevant policies to fulfil the evaluation.
  • If any rules are broken or predefined virtual drawdown parameters are hit, the one-time fee paid at purchase will not be refundable.
  • The Client agrees to complete KYC (Know Your Customer) procedures prior to starting the evaluation.
  • Once profit targets for applicable phases are met, the account will go to compliance for a ‘performance review.’ Once checks are completed, the Client will receive a performance account.

Completion of Evaluation and Performance Agreement

  • The leverage will be fixed at a predefined level and can be amended at any point with one (1) day’s notice by Quant Tekel Services LTD.
  • Except as otherwise provided in this Agreement, all withdrawal monetary amounts referred to in this Agreement will be in USD (United States Dollar).

Compensation

The Contractor will compensate the Client for the Services as follows (the “Compensation”):

  • The Trader will be compensated with predefined profit withdrawals.
  • Risk Reviews will be conducted at predefined levels of the starting balance.
  • In the event that funding is pulled at a predefined loss, no refund of the one-time fee will be paid.
  • Predefined targets are set according to the evaluation selected by the Client at the time of purchase.
  • In the event that this Agreement is terminated by the Client prior to the completion of the Services but where the Services have been partially performed, the Contractor will not be entitled to pro-rata payment of the Compensation to the date of termination.

Confidentiality

Confidential information (the “Confidential Information”) refers to any data or information relating to the business of the Contractor which would reasonably be considered proprietary to the Contractor. Both the Contractor and the Client agree not to disclose any Confidential Information, except as authorised or as required by law. These obligations will survive indefinitely upon termination of this Agreement.

Ownership of Intellectual Property

All intellectual property related to material (the “Intellectual Property”) developed under this Agreement will be the property of the Contractor. The Client is granted a non-exclusive limited-use license for this Intellectual Property.

Capacity/Independent Contractor

In providing the Services under this Agreement, it is expressly agreed that the Contractor is acting as an independent contractor connecting the Client to a third-party backer.

Right of Substitution

The Contractor may, at its discretion, engage a backer to perform some or all obligations under this Agreement.

Autonomy

The Contractor and the backer will have full control over working time, methods, and decision-making in relation to the provision of the Services.

No Exclusivity

This Agreement is non-exclusive, and either Party is free to engage or contract with third parties for similar services.

Notice

All notices required by this Agreement will be given in writing and delivered to the addresses specified above.

Indemnification

Each Party agrees to indemnify and hold harmless the other Party against any claims, losses damages, or liabilities arising out of any act or omission in connection with this Agreement. This indemnification will survive the termination of this Agreement.

Modification of Agreement

The Contractor reserves the right to modify this Agreement at its discretion. Any changes will be communicated in writing to affected Clients. If the Client does not consent to the changes, they may cancel the Agreement at any time by providing written notice to the Contractor.

Assignment

The Client will not assign its obligations under this Agreement without written consent from the Contractor.

Entire Agreement

This Agreement contains the entire agreement between the Parties.

Titles/Headings

Headings are inserted for convenience and are not to be considered when interpreting this Agreement.

Gender

Words in the singular include the plural and vice versa. Words in the masculine include the feminine and vice versa.

Force Majeure

Definition of Force Majeure

Quant Tekel (Pty) Ltd (the “Company”) shall not be held liable for any failure or delay in the performance of its obligations under this agreement if such failure or delay is caused by events beyond the reasonable control of the Company. Such events include, but are not limited to:

  • Acts of God (e.g., natural disasters such as earthquakes, floods, or hurricanes);
  • War, acts of terrorism, civil unrest, or political instability;
  • Pandemic, epidemic, or public health emergency;
  • Government actions, regulations, or sanctions;
  • Cyberattacks, internet or communication failures, or power outages;
  • Any other event or circumstance that makes performance impracticable or impossible.

Client’s Duty to Notify

In the event of a Force Majeure situation that affects the Company’s ability to perform its obligations, the Client shall promptly notify the Company in writing. Such notification must include:

  • A description of the Force Majeure event;
  • The specific ways in which the event impacts the Company’s performance;
  • Evidence or supporting documentation regarding the Force Majeure event, if available.

Suspension of Obligations

Upon receipt of the Client’s notification, the Company’s obligations under this agreement shall be suspended to the extent that performance is rendered impossible or impracticable.

Resumption of Performance

The Company shall make reasonable efforts to resume performance of its obligations as soon as the Force Majeure event ceases to exist.

Termination for Prolonged Force Majeure

If a Force Majeure event continues for a period exceeding [90 days], the Company may terminate this agreement by providing written notice to the Client. Such termination shall be without liability, except for obligations accrued prior to the Force Majeure event.

Exclusion of Monetary Obligations

This Force Majeure clause does not excuse the Client’s obligation to make any payments due under this agreement, unless such payments are directly affected by the Force Majeure event.

Governing Law

This Agreement will be governed by and construed in accordance with the laws of the United Kingdom.

Severability

If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions will continue in effect.

Waiver

The waiver of a breach by either Party will not be construed as a waiver of any subsequent breach.

Refund Policy

There will be no refunds from the point of purchase, regardless of circumstances.

Termination Due to Public Disparagement

Any negative review or public disparagement by the Client will result in the immediate forfeiture of all services. The Contractor reserves the right to terminate this Agreement without notice or refund in such instances.

Performance Fees and Interviews

Clients may be asked to participate in interviews, which the Client agrees to attend upon request.

Modifications and Interruptions

The Contractor reserves the right to change, modify, or remove the contents of the Services at any time without notice. The Contractor will not be liable for any interruptions, delays, or errors.

Service Interruption

Quant Tekel Services LTD will not be held liable for any termination of services provided by third parties. Quant Tekel Services LTD reserves the right to suspend services during the migration from one partner to another. Such suspensions will not constitute a breach of contract.

Clause on Trading Behavior and Enhanced Risk Parameters

  1. Unreasonable Trading Behavior:
    If, at the sole discretion of the contractor, a client engages in trading styles or behaviors that exceed the bounds of reasonable and acceptable trading conduct, the contractor reserves the right to impose enhanced risk parameters. These measures may be implemented immediately or upon a payout request and may include, but are not limited to:
    • Reduction in allowable leverage;
    • Extension of the minimum required trading days;
    • Implementation of consistency rules;
    • Imposition of lot size limits;
    • Imposition of risk per trade limits;
    • Imposition of overall risk limits.
  2. Extended Trading Cycle:
    Upon the imposition of enhanced risk parameters, the client will be required to complete a new, extended trading cycle. This cycle shall provide the client with a reasonable opportunity to comply with the revised trading conditions.
  3. Account Review and Compliance:
    During an in-cycle review, if the client’s account is flagged, the account may be temporarily paused for a period not exceeding five (5) business days. During this time, the contractor’s compliance team will assess the client’s trading activities and, at its sole discretion, determine any enhanced risk protections or other measures that should be applied.
  4. Risk Interview Post-Payout Request:
    If flagged at the time of a payout request, the client will be required to attend a risk interview. Scheduling for such an interview may take up to forty-four (44) business days from the date of the payout request.
    • Following the interview, the compliance team shall review its findings within five (5) business days.
    • Based on the review, the contractor may:
      • Impose additional restrictions;
      • Approve the payout request; or
      • Deny the payout request and immediately terminate the client’s funding.
  5. Client Control During Enhanced Risk Process:
    If a client is flagged under the enhanced risk process, the following restrictions shall apply for a period of ninety (90) days:
    • Risk Parameters in Effect: The enhanced risk parameters imposed will remain in effect for the entire 90-day period.
    • Restriction on Account Usage: The client shall be limited to operating only one funded account at any given time.
    • Multiple Funded Accounts: If the client holds multiple funded accounts, they shall retain access solely to the initially flagged account. All other accounts will be suspended until either the 90-day period concludes or the flagged account breaches the imposed parameters.
    • Sequential Account Access: Upon the conclusion of the 90-day period or the breaching of the flagged account, access to a second account will be granted. This sequential process shall continue until the end of the 90-day restriction period.
  6. Right to Impose Restrictions:
    The contractor reserves the right to implement the above-mentioned restrictions or any other measures deemed necessary at any time to ensure compliance with reasonable risk management practices.

Non-Disclosure Agreement (NDA)

  1. Confidentiality and Public Disclosure:
    Any public mention, reference, or disclosure of the contractor or its business by the client, without the contractor’s prior written consent, shall constitute a breach of contract. Such a breach:
    • May result in the immediate termination of the client’s agreement with no refund;
    • May entitle the contractor to seek damages of up to one hundred thousand United States dollars (USD 100,000).
  2. Enforcement:
    The contractor reserves the right to enforce this clause at any time, both during the term of this agreement and after its termination.

Offboarding

  1. Contractor’s Right to Offboard:
    The contractor reserves the right to offboard any client at any time. This includes, but is not limited to, the period immediately following a payout. The contractor shall not be obligated to reissue or provide any funded account to the client after offboarding.
  2. Restriction on Future Purchases:
    The contractor retains the right to deny the client the ability to make any further purchases or engage in future agreements at its sole discretion.
  3. Duration of Contract, NDA, and Defamation Clause:
    The provisions of this agreement, including the Non-Disclosure Agreement (NDA) and the defamation clause, shall remain binding for the lifetime of the client or until the dissolution of the contractor’s business, whichever occurs earlier.

Term and Termination

These Legal Terms shall remain in full force while the Client uses the Services. The Contractor reserves the right to deny access to and use of the Services at its discretion. If the Client’s account is terminated or suspended, they are prohibited from creating a new account.

Simulation Accounts

The Customer acknowledges and agrees that all accounts, account balances, and trades the Customer has with the Company are simulation accounts, account balances, and trades. The Customer agrees that these accounts, account balances, and trades do not represent real-world accounts, account balances, and trades in any manner whatsoever. The Customer agrees that monetary payouts made by the Company are based on the simulations and that payouts will only be made at the Company’s discretion, provided the Customer has met all trading rules and account rules established by this Agreement and as communicated on the Company’s website and Discord server.

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