w

 

 

PROCESS to Establish the Advisory Agreement

and to Open/Configure the Client Account

 

 

 

Please follow STEP 1 to STEP 7 below.

 

 

1.     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/LINK/CONFIGURE the Client Account as specified in the Disclosure Document (page 57) to link a BRAND-NEW account (which is to be opened by Interactive Brokers LLC (www.InteractiveBrokers.com)) or an EXISTING account (which has already been opened by Interactive Brokers LLC (www.InteractiveBrokers.com) and which has NOT been managed by QQFund.com before) (hereinafter, in any case and all cases, collectively referred to as “Client Account”) with QQFund.com’s Master Account so that QQFund.com can login its Master Account to manage the Client Account for Client.

 

2.     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).

 

3.     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.

 

4.     The type of account supported by Interactive Brokers LLC (www.InteractiveBrokers.com):

 

 

5.     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.

 

6.     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

 

7.     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.

 

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

 

a.      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.

b.     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.

c.      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.

d.     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).

e.      The Client Account will still be continually charged the Advisory Fee (as defined in the Advisory Agreement) 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).

 

9.     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 both as soon as possible and also as soon as practical.

 

10.  However, Interactive Brokers LLC (www.InteractiveBrokers.com) prioritizes review of funded applications.

 

11.  Hence, if Client wants to speed up the review process (performed by Interactive Brokers LLC (www.InteractiveBrokers.com)), Client, at Client’s sole discretion, may deposit more fund into the Client Account. 

 

12.  To fund the Client Account, please login to Client’s application and find the "Fund Your Account" button under "Pending Items."

 

13.  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 (949) 478-3699

 

14.  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

 

15.  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 actions accordingly.

 

 

16.  QQFund.com LLC’s most recent Disclosure Document (total of 106 pages, dated August 31, 2024) furnished by QQFund.com LLC is hereinafter referred to as “Disclosure Document” which contains PART 1/2/3/4/5/6/7 (ALL 40 pages (from page 67 to 106)).

 

17.  The date of the Disclosure Document is August 31, 2024. The Disclosure Document may not be utilized 12 months after the above date.

 

18.  FIRST, Client must use the follow methods to DIRECTLY obtain the Disclosure Document from QQFund.com BEFORE completing PART 1/2/3/4/5/6/7 (ALL 40 pages (from page 67 to 106)) and BEFORE investing in QQFund.com Alpha Beta Program.

 

(a)   Use DocuSign. This method is not available currently. The details of this method may be provided in the future.

 

(b)   Download http://www.QQFund.com/QQFund.com_DDOC.pdf.

 

(c)   Or, contact QQFund.com (info@QQFund.com) directly.

 

19.  Beside using the above methods to obtain the Disclosure Document from QQFund.com DIRECTLY, Client shall NOT use any other methods to obtain any disclosure document from any other sources (such as, other persons, databases, websites, emails, etc.).

 

20.  Client will be required to acknowledge receipt of the Disclosure Document (please see page 68).

 

 

21.  Client must use method (a), (b), (c) or (d) below to complete PART 1/2/3/4/5/6/7 (ALL 40 pages (from page 67 to 106)) ((see below) which are contained in the above Disclosure Document).

 

(a)   DocuSign (without printing/scanning): This method is not available currently. The details of this method may be provided in the future.

 

(b)  E-copy (without printing/scanning): Client may use Adobe Acrobat Reader or other online or offline tools to electronically fill in the information and electronically sign the pages (without printing/scanning).

 

(c)   E-copy (with printing/scanning): Alternatively, Client may print the pages, fill them out, sign and scan them into one single PDF file.

 

(d)  Or other method agreed to by QQFund.com at its sole discretion.

 

 

22.  After PART 1/2/3/4/5/6/7 (ALL 40 pages (from page 67 to 106)) are completed/signed, if method (b) or (c) was used, Client must email ALL above 40 pages back to QQFund.com (info@QQFund.com).

 

23.  After PART 1/2/3/4/5/6/7 (ALL 40 pages (from page 67 to 106)) are received, reviewed and accepted by QQFund.com, Client will be notified (through email) by QQFund.com.

 

 

24.  AFTER receiving such acceptance notification from QQFund.com, unless otherwise agreed to by QQFund.com, by default, Client must use one of the following methods to link the Client Account (as specified in METHOD 1/2 below) with QQFund.com’s Master Account so that QQFund.com can login its Master Account to manage the Client Account for Client.

 

25.  METHOD 1: Client follows below to open a BRAND-NEW account (which is to be opened by Interactive Brokers LLC (www.InteractiveBrokers.com)).

 

·       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 open a BRAND-NEW account (which is to be opened by 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 account type of such account and the account title of such account are identical to that specified in the PART 1/2/3/4/5/6/7 (ALL 40 pages (from page 67 to 106)).

·       By doing so, such account will be linked with QQFund.com’s Master Account automatically.

·       So that QQFund.com can login its Master Account to manage such account for Client.

 

26.  METHOD 2: Client already has an EXISTING account (which has already been opened by Interactive Brokers LLC (www.InteractiveBrokers.com) and which has NOT been managed by QQFund.com before) and Client wishes QQFund.com to manage such account for Client without opening a BRAND-NEW account.

 

·       (NOTE: Client must make sure that such account has NOT been managed by QQFund.com before. If such account has been managed by QQFund.com before, Client shall follow METHOD 1 above to open a BRAND-NEW account (unless otherwise agreed to by QQFund.com)).

·       Client must make sure that both the account type of such account and the account title of such account are identical to that specified in the PART 1/2/3/4/5/6/7 (ALL 40 pages (from page 67 to 106)).

·       After that, Client must email QQFun.com (info@QQFund.com) to obtain The Account Title and The Account Number of QQFund.com’s Master Account.

·       After that, Client must go to the website of the Client FCM to login such account to request to link such account with QQFund.com’s Master Account.

·       After such account is linked with QQFund.com’s Master Account, QQFund.com can login its Master Account to manage such account for Client.

·       For more details, please see: How do I move my current IBKR account underneath an advisor account? https://ibkr.info/article/134.

 

 

27.  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, bitcoin, cryptocurrency, etc.)).

(e)  Client is a “paying FUTURES client”.

(f)   Client is NOT a “paying SECURITIES client”.

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

(h) Client SHALL NOT configure the Client Account to be a “SECURITY account” (which can trade stock, bond, option, mutual fund, bitcoin, cryptocurrency, etc.).

 

28.  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:

 

 

 

 

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

 

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

 

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

 

32.  During the above SUBMISSION process, if Client sees the following ERROR message:

 

·    The advisor has reached the limit on number of fee based accounts for securities

 

Client shall go back to above:

 

·    To ONLY keep the trading permission for Futures (for all countries).

·    To delete (untick) ALL other trading permission requests (such as stock, bond, option, mutual fund, bitcoin, cryptocurrency, etc.) for ALL countries.

·    To RE-SUBMIT the trading permission request again.

 

 

33.  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.

 

34.  Interactive Brokers LLC (www.InteractiveBrokers.com) prioritizes review of funded applications.

 

35.  Hence, if Client wants to speed up the review process (performed by Interactive Brokers LLC (www.InteractiveBrokers.com)), Client, at Client’s sole discretion, may deposit more fund into the Client Account. 

 

36.  To fund the Client Account, please login to your application and find the "Fund Your Account" button under "Pending Items."

 

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

 

38.  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 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

 

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

 

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

 

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

 

42.  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

 

 

43.  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 actions accordingly.

 

44.  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)).

 

45.  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).

 

46.  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)).

 

47.  If yes, Client shall take the required actions as soon as possible.