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 44).
·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.
$5 USD balance to avoid the Client
Account closed by the Client FCM
2
$5
USD
·However, after
the Client Account is opened for certain period of time (normally for a
couple of 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 MINIMUM
approximately $5
USD balance as soon as possible (and at any/all time) in the Client
Account.
·Client must
follow 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 $5 USD account
balance, the advisory fee charged will be virtually $0 USD per business
day. ($5 USD *2%)/252 = $0.00039683 = $0 USD (after it is rounded down to cent).
·Normally, 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 Initial Investment
3
$100,000
USD
·QQFund.com normally requests that the minimum
initial investment is equal to or
greater than X.
·X is currently normally set to approximately $100,000 USD by QQFund.com.
·However, X
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.
·Client must follow the PROCESS to Deposit Funds into the Client Account as
specified in the Advisory Agreement to deposit funds into the Client Account.
Minimum Balance to
Initially/Continually Trade/Invest the Client Account
4
·To initially/continually trade/invest the Client Account,
QQFund.com normally requests that the balance of the Client Account is equal to or greater than Y.
·Y will be dynamically adjusted internally (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.
·However, in some situations, even the balance of the
Client Account is less (or significantly less) than Y (as dynamically adjusted by QQFund.com internally),
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.
Capacity of QQFund.com Alpha Beta
Program
5
$1
billion USD
·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 USDby 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.