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w PROCESS to Establish the
Advisory Agreement and
to Open/Configure the Client Account (A)
Unless
otherwise agreed to by QQFund.com, by default, in order to invest in QQFund.com Alpha Beta Program,
Client must follow the process defined below. (B)
Per the past experiences,
it may take time (several days or several weeks depending on the situations)
for Client to work through the process defined below. Hence, Client may want to
start the process defined below as soon as possible to avoid any delay. (C)
Client may open
the Client Account with $0 USD.
This may help Client to start the process defined below as soon as possible. · 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 NOT be charged any monthly account inactivity fee
(even with low account balance and no transaction activity) by Interactive Brokers LLC (www.InteractiveBrokers.com). · 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). (D)
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. (E)
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." (F)
Unless otherwise
agreed to by QQFund.com, by default, the client account to be managed by
QQFund.com in order to invest in QQFund.com
Alpha Beta Program must be carried by Interactive
Brokers LLC
(www.InteractiveBrokers.com)
(hereinafter, in any case and all cases, collectively referred to as “Client
FCM”) (i.e., the carrying futures broker). (G)
Unless
otherwise agreed to by QQFund.com, by default, such client account must be
either · an EXISTING account (which has already
been opened by the Client FCM) or
· a
NEW account (which will
be opened by the Client FCM in the future) (hereinafter, in any case and all cases, collectively
referred to as “Client Account”). (H)
How to
contact QQFund.com LLC (www.QQFund.com)? · Email
instruction: o When sending email to QQFund.com
LLC (www.QQFund.com), please make sure to put your account’s number (if known already)
on the email’s subject line. o Unless otherwise agreed to by QQFund.com, for security
reasons, by default, any email
address used by Client (First-Client and/or Second-Client (if any)) to
communicate with QQFund.com shall be owned/used SOLELY by Client (First-Client
and/or Second-Client (if any)) and Client
shall use the SAME email address to communicate with QQFund.com and the Client
FCM. · Email: info@QQFund.com · Phone: +1 (630) 708-8997 (I)
How to
contact Interactive Brokers LLC
(www.InteractiveBrokers.com)? · Email
instruction: When sending email to Interactive Brokers LLC (www.InteractiveBrokers.com), please make sure to put your account’s number on the email’s subject line so that your
email will be linked with your account automatically. · NON-Institutional Client
Services (email): newaccounts@interactivebrokers.com · NON-Institutional Client
Services (phone): +1 (312) 542-6856 · NON-Institutional Client
Services: https://www.interactivebrokers.com/en/index.php?f=1560 · Institutional Client
Services (email): newaccountspro@interactivebrokers.com · Institutional Client
Services (phone): +1 (866) 694-2757 · Institutional Client
Services: https://www.interactivebrokers.com/en/index.php?f=47048 (J)
Client
shall continually check Client’s email account (and SPAM folder) to ensure Client has received the emails from
both QQFund.com and Interactive Brokers LLC (www.InteractiveBrokers.com)
and take the necessary action accordingly. (K)
Unless
otherwise agreed to by QQFund.com, by default, Client must follow STEP 1 to STEP 6
below.
1.
Client must
obtain QQFund.com’s most recent Disclosure Document.
See either (a) or (b) below: (a)
Download http://www.QQFund.com/QQFund.com_DDOC.pdf. (b)
Or, contact
QQFund.com (info@QQFund.com) directly. 2.
The type of
account supported by Interactive
Brokers LLC (www.InteractiveBrokers.com): 3.
For
retirement IRA account, Interactive
Brokers LLC (www.InteractiveBrokers.com)
supports: · Traditional
IRA · Traditional
IRA (Rollover) · Traditional
IRA (Inherited) · Roth IRA · Roth IRA
(Inherited) · Simplified
Employee Pension (SEP) IRA. 4.
Client may
rollover funds from the qualified retirement plan (see below) carried by any
financial institution to the IRA account (see above) carried by Interactive Brokers LLC (www.InteractiveBrokers.com). For more details, Client shall contact Interactive Brokers LLC (www.InteractiveBrokers.com)
directly. · IRA account · 401(k) · 403(b) · 457 Plan · Pension/PSP
Plan · Money
Purchase Plan 5.
Client can be
any of below:
6.
Client must
use either option (a) or (b) below to complete PART 1/2/3/4/5/6/7 (ALL 36 pages (from page 49 to 84))
((see below) which are contained in the
above Disclosure Document). (a)
E-copy (without printing/scanning): Client may use Adobe Acrobat Reader or other online or offline
tools to electronically fill in the information and sign the pages (without
printing/scanning). (b)
E-copy (with printing/scanning): Alternatively, Client may print the pages, fill them
out, sign and scan them into a PDF file.
7.
After the above
are completed, Client must email PART 1/2/3/4/5/6/7 (ALL 36 pages
(from page 49 to 84)) back to QQFund.com (info@QQFund.com). Client must
email ALL above 36 pages. 8.
After PART 1/2/3/4/5/6/7 (ALL 36 pages (from page 49 to 84))
are received, reviewed and accepted by QQFund.com, Client will be notified
(through email) by QQFund.com.
9.
AFTER receiving such acceptance notification from
QQFund.com, Client must use option
(a) or option (b)
below to link the Client Account with QQFund.com’s
Master Account so that QQFund.com can login
its Master Account to manage the Client Account for Client. (a)
If the Client
Account is an EXISTING account (which has already been opened by the Client
FCM): · Client must make sure that both the type of the
Client Account and the account title of the Client
Account are identical to that specified in the PART 1/2/3/4/5/6/7 (ALL 36 pages (from page 49 to 84)). · The account ID and the account title
of QQFund.com’s Master Account will be provided (through email)
privately by QQFund.com to Client. · Client must login the Client Account to perform: o
See: Move Your Account to
an Advisor or Broker https://www.interactivebrokers.com/en/software/am3/am/settings/moveaccounttoadvisorbroker.htm
o
Select
the radio button next to Move
my Entire Account to an Account Managed by an Advisor or Broker, and then click CONTINUE. · By doing so, Client will link the Client Account with QQFund.com’s Master Account automatically. So that QQFund.com can login its Master Account to manage
the Client Account for Client. (b)
If the Client
Account is a NEW account (which will be opened by the Client FCM in the future): ·
QQFund.com will
contact Interactive Brokers LLC
(www.InteractiveBrokers.com)
which will send Client an INVITATION EMAIL
(Subject Title: Advisor Client Invitation). ·
Client must open
such email and follow the instructions contained in such email to start opening
the Client Account with Interactive
Brokers LLC (www.InteractiveBrokers.com).
·
Client will need
to provide Proof of Client’s identity
and date of birth & Proof
of Client’s address, etc. For details, please see: https://www.interactivebrokers.com/en/accounts/individuals/whatyouneed_protrack.php ·
Client must make
sure that both the type of the Client Account
and the account title of the Client Account
are identical to that specified in the PART 1/2/3/4/5/6/7 (ALL 36 pages
(from page 49 to 84)). ·
By doing so,
Client will link the Client Account with QQFund.com’s Master Account automatically. So that QQFund.com can login its Master Account to manage
the Client Account for Client.
10. EXTREMELY IMPORTANT: Configure the Trading Permissions ONLY for FUTURES. (a) Trading permissions specify the products
Client can trade and where Client can trade them. (See: https://www.interactivebrokers.com/en/software/am3/am/settings/tradingpermissions.htm.) (b) Trading permission requirements (liquid net
worth/income minimums/age). (See:
https://www.interactivebrokers.com/en/index.php?f=4945&p=tradingrequirements.) (c) Client SHALL
request the trading permission ONLY for FUTURES (for all countries).
(d) Client SHALL
configure the Client Account to be a “FUTURES account”
(which can ONLY
trade FUTURES
(for all countries) and CANNOT trade (establish new
positions for) anything else (such as stock,
bond, option, mutual fund, etc.)). (e) Client is a “paying FUTURES
client”. (f)
Client SHALL NOT request the trading
permission for anything else (such as stock,
bond, option, mutual fund, etc.). (g) Client SHALL
NOT configure the Client Account to be a “SECURITY account” (which can trade stock, bond, option, mutual fund, etc.). Client is NOT a “paying SECURITIES
client”. 11. To meet the above requirements, Client
goes to www.InteractiveBrokers.com
to log into the Client Account. After login, if necessary/possible, in the
account portal, click Settings,
click Account Settings and click the gear icon next to the words Trading Experience and Permissions,
the following Trading Experience and
Permissions will be displayed automatically: 12. Client
must delete (untick) ALL trading permission requests (such as stock, bond, option, mutual fund,
etc.) for ALL countries. 13. However,
Client must add (tick) Futures (for
all countries) trading permission request. 14. After the above are configured correctly,
Client shall SUBMIT the trading permission request. 15. During the
above SUBMISSION process, if Client sees ERROR message “The
advisor has reached the limit on number of fee based accounts for securities”,
Client shall go back to above to delete (untick) ALL trading permission requests
(such as stock, bond, option, mutual
fund, etc.) for ALL
countries and RE-SUBMIT the trading permission request again.
16. Client must set the base currency of the Client Account to USD (United States Dollar). How to set the base currency of the Client
Account to USD
(United States Dollar)? https://www.interactivebrokers.com/en/software/am/am/manageaccount/basecurrency.htm. 17. Interactive
Brokers LLC (www.InteractiveBrokers.com)
prioritizes review of funded applications. To fund the Client Account, please
login to your application and find the "Fund Your Account" button
under "Pending Items." 18. How to transfer IRA fund? https://www.interactivebrokers.com/en/software/am/am/manageaccount/ira_transfer_methods.htm 19. How to use ACATS (Automated
Customer Account Transfer Service) to transfer ALL or PARTIAL of your
assets from a
third-party broker to the Client Account with Interactive Interactive Brokers LLC (www.InteractiveBrokers.com)? (NOTE: The Client Account must be opened first
before ACATS can be used.) https://www.interactivebrokers.com/en/software/am3/am/funding/acatstransfers.htm
20. How to initiate ACH (Automated Clearing House)
transfers? https://ibkr.info/node/567 21. How to deposit funds via BANK WIRE TRANSFER? https://ibkr.info/article/834 22. How to mail CHECK
to Interactive Brokers LLC (www.InteractiveBrokers.com)? https://ibkr.info/article/2183 23. How to transfer funds internally between two accounts
both carried by Interactive Brokers LLC (www.InteractiveBrokers.com) and
owned by you? https://www.interactivebrokers.com/en/software/cp/am/funding/transferringfundsinternally.htm
24. Client shall continually check Client’s
email account (and SPAM folder)
to ensure Client has received the emails from both QQFund.com and Interactive
Brokers LLC (www.InteractiveBrokers.com) and
take the necessary action accordingly. 25. BEFORE the Client Account is approved by Interactive Brokers LLC (www.InteractiveBrokers.com),
Client shall continually monitor the status of the Client Account (by
continually login to the Client Account to see if there is any task (or
document) required by Interactive
Brokers LLC (www.InteractiveBrokers.com)). 26. If yes, Client shall take the required actions as soon
as possible, otherwise the Client Account may not be approved by Interactive Brokers LLC (www.InteractiveBrokers.com). 27. AFTER the Client Account is approved by Interactive Brokers LLC (www.InteractiveBrokers.com),
Client shall still need to continually monitor the status of the Client Account
(by continually login to the Client Account to see if there is any task (or
document) required by Interactive
Brokers LLC (www.InteractiveBrokers.com)).
28. If yes, Client shall take the required actions as soon
as possible. |
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Copyright © 2008 – 2022 QQFund.com. All
Rights Reserved. |