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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. 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.

 

(B)  Client may open the Client Account with $0 USD. This may help Client to start the process defined below as soon as possible.

 

(C)  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.

 

(D)  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."

 

(E)   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).

 

(F)   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”).

 

(G) How to contact QQFund.com LLC (www.QQFund.com)?

 

·     Email instruction: 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.

·     Email: info@QQFund.com

·     Phone: +1 (630) 708-8997

 

(H) 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

 

(I)        Unless otherwise agreed to by QQFund.com, by default, Client must follow STEP 1 to STEP 6 below.

 

STEP 1: Download the Disclosure Document.

 

1.      Client must visit www.QQFund.com to download QQFund.com’s most recent Disclosure Document: http://www.QQFund.com/QQFund.com_DDOC.pdf.

 

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:

• Natural Person (United States Person)
• Natural Person (NON-United States Person)
• NON-Natural Person (United States Person)
• NON-Natural Person (NON-United States Person)
• Qualified Eligible Person (QEP)
• NON-QEP.

 

STEP 2: Complete PART 1/2/3/4/5/6/7 (ALL 34 pages (from page 43 to 76)).

 

6.      Client must use either option (a) or (b) below to complete PART 1/2/3/4/5/6/7 (ALL 34 pages (from page 43 to 76)) ((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 34 pages (from page 43 to 76)) back to QQFund.com (info@QQFund.com). Client must email ALL above 34 pages.

 

8.      After PART 1/2/3/4/5/6/7 (ALL 34 pages (from page 43 to 76)) are received, reviewed and accepted by QQFund.com, Client will be notified (through email) by QQFund.com.

 

STEP 3: Link the Client Account with QQFund.com’s Master Account.

 

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 start managing the Client Account for Client. Furthermore, 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 34 pages (from page 43 to 76)).

(a)   The Client Account is an EXISTING account (which has already been opened by the Client FCM)  --- In this option, Client must login the Client Account to request to link the Client Account with QQFund.com’s Master Account. The account title and the account number of QQFund.com’s Master Account will be provided (through email) privately by QQFund.com to Client. (See: How do I move my current Interactive Brokers LLC account underneath an advisor account? https://ibkr.info/article/134))

(b)   The Client Account is a NEW account (which will be opened by the Client FCM in the future) --- In this option, 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 the Client FCM. By doing so, Client will link the Client Account with QQFund.com’s Master Account automatically.

 

10.  Proof of Client’s identity and date of birth & Proof of Client’s address: https://www.interactivebrokers.com/en/accounts/individuals/whatyouneed_protrack.php

 

STEP 4: EXTREMELY IMPORTANT: Client must configure the Trading Permissions ONLY for FUTURES (before linking the Client Account to QQFund.com’s Master Account).

                                                                                         

11.  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). 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.)). Client is a “paying FUTURES client”.

(d) Client SHALL NOT request the trading permission for anything else (such as stock, bond, option, mutual fund, etc.). 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”.

 

12.  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:

 

 

13.  Client must delete (untick) ALL trading permission requests (such as stock, bond, option, mutual fund, etc.) for ALL countries.

 

14.  However, Client must add (tick) Futures (for all countries) trading permission request.

 

15.  After the above are configured correctly, Client shall SUBMIT the trading permission request.

 

16.  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.

 

STEP 5: How to fund the Client Account?

 

17.  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.

 

18.  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."

 

19.  How to transfer IRA fund? https://www.interactivebrokers.com/en/software/am/am/manageaccount/ira_transfer_methods.htm

 

20.  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

 

21.  How to initiate ACH (Automated Clearing House) transfers? https://ibkr.info/node/567

 

22.  How to deposit funds via BANK WIRE TRANSFER? https://ibkr.info/article/834

 

23.  How to mail CHECK to Interactive Brokers LLC (www.InteractiveBrokers.com)? https://ibkr.info/article/2183

 

24.  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

 

STEP 6: Continually monitor the status of the Client Account and take the actions required by IB.

 

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).