For QQFund.com
Alpha Beta Program, the nominal account size of the Client Account is
the Net Liquidation Value (NLV) (actual fund, but NOT notional fund) of the
Client Account.
The Net Liquidation Value (NLV) (actual fund, but NOT notional
fund) of the Client Account is also called as the balance of the Client
Account.
The balance of the Client Account is dynamically
changed due to the fund deposits/withdrawals (actual fund, but NOT notional
fund), the net trading/investment profits/losses,
commissions and fees, etc.
The balance of the Client Account is dynamically
calculated by the Client FCM and NOT by QQFund.com.
Client must deposit actual funds into the Client
Account. Client cannot use notional funds.
In general, Client will always retain full control
over addition of Client’s funds into the Client Account carried by the Client
FCM and Client may, at Client’s sole discretion, deposit as much or as little funds (at any
time) and as often as Client
wishes (at any time), without any limitation imposed by QQFund.com and
without notifying QQFund.com in advance.
Unless otherwise agreed to by QQFund.com, by default,
the balance of the Client Account is one of the items used to decide the
position sizes to be established by QQFund.com for the Client Account.
For QQFund.com
Alpha Beta Program, as a general guideline, the following are approximate
numbers suggested by QQFund.com currently.
They are subject to change at any time by QQFund.com at its sole discretion
without any restrictions or limitations whatsoever and without notifying
Client in advance whatsoever.
$0 USD to Open the Client Account
1
$0 USD
·Unless otherwise agreed to by QQFund.com, by
default, in order to invest in QQFund.com
Alpha Beta Program, Client must follow the PROCESS
to Establish the Advisory Agreement and to Open/Configure the Client Account
as specified in the Disclosure Document (page 41).
·Per the past experiences, it may take time (several
days or several weeks depending on the situations) for Client to work through
such process.
·Hence, Client may want to start such process as soon
as possible to avoid any delay.
·Client may open the Client Account with $0 USD. This may help Client to start such
process as soon as possible.
·However, Interactive
Brokers LLC (www.InteractiveBrokers.com)
prioritizes review of funded applications.
·To fund the Client Account, please login to Client’s
application and find the "Fund Your Account" button under
"Pending Items."
·After the Client Account is opened, in the future,
when Client is ready to trade/invest, Client may deposit more fund (see below)
into the Client Account so that QQFund.com may start trading/investing the
Client Account for Client as soon as possible.
$100 USD to avoid the Client Account closed
by the Client FCM
2
$100
USD
·However, after the Client Account is opened for
certain period of time (normally for several months), if Client does not
deposit any fund into the Client Account, Interactive Brokers LLC (www.InteractiveBrokers.com)
may close the Client Account.
·To avoid the Client Account closed by the Client FCM,
Client may maintain approximately $100 USD
balance as soon as possible in the Client Account (by following the PROCESS to Deposit Funds into the
Client Account as specified in the Advisory Agreement to deposit
funds into the Client Account).
·The Client Account will still be continually charged
the advisory fee as usual by QQFund.com.
·However, with $100 USD
account balance, the advisory fee charged will be virtually $0 USD per business day. ($100
USD *2%)/252 = $0.00793651 = $0 USD
(after it is rounded down to cent).
·The Client Account will NOT be charged any monthly account inactivity fee
(even with low account balance and no transaction activity) by Interactive Brokers LLC (www.InteractiveBrokers.com).
Minimum Balance to Trade/Invest the
Client Account
3
$100,000
USD or MORE
·To trade/invest the Client Account, QQFund.com
normally requires that the
balance of the Client Account is equal
to or greater than X.
·X is currently normally set to approximately $100,000 USD or MORE by
QQFund.com.
·However, in some situations, even the balance of the
Client Account is less than X,
QQFund.com, at its sole discretion without any restrictions or limitations
whatsoever and without notifying Client in advance whatsoever, may start
trading/investing and/or may continually trade/invest the Client Account for
Client.
·Furthermore, X
will be dynamically adjusted (per the Client Account and/or per QQFund.com Alpha Beta Program)
by QQFund.com at its sole discretion without any restrictions or limitations
whatsoever and without notifying Client in advance whatsoever.
Request Minimum Initial Investment
4
$1
million USD or MORE
·QQFund.com
normally requests that the
minimum initial investment is equal
to or greater than Y.
·Y is
currently normally set to approximately $1 million USD or
MORE by QQFund.com.
·However, Y will be adjusted (per the
Client Account and/or per QQFund.com
Alpha Beta Program) by QQFund.com at its sole discretion without any
restrictions or limitations whatsoever and without notifying Client in
advance whatsoever.
Capacity of QQFund.com Alpha Beta
Program
5
$1
billion USD or MORE
·QQFund.com believes that the capacity of QQFund.com Alpha Beta Program
is equal to Z.
·Z is
an estimated number.
·Z is
currently normally set to approximately $1 billion USD or
MOREby QQFund.com depending
on the market conditions.
·However, Z will be dynamically adjusted
(per QQFund.com Alpha Beta Program)
by QQFund.com at its sole discretion without any restrictions or limitations
whatsoever and without notifying Client in advance whatsoever.