How to Open Your Account Online

 

 

 

For QQFund.com Alpha Beta Program, due to the current operation methodology/process and operation infostructure/infrastructure set up by QQFund.com, the Futures Commission Merchant (FCM) (as described below) chosen by Client to carry the Client Account (as described below) must be able to support both REQUIREMENT 1 and REQUIREMENT 2 (as described below). Otherwise, QQFund.com (at its sole discretion) may not manage the Client Account for Client.

 

Client is free to choose a FCM of his choice to carry the Client Account as long as such FCM can support both REQUIREMENT 1 and REQUIREMENT 2 (as described below) (hereinafter, in any case and all cases, collectively referred to as “Client FCM”).

 

Currently, QQFund.com believes that Interactive Brokers LLC (IB) (www.InteractiveBrokers.com) and some of its affiliates may be able to support both REQUIREMENT 1 and REQUIREMENT 2 as (as described below).

 

Currently, ALL of the Client Accounts managed by QQFund.com are ALL carried by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com) (or its affiliates). This has increased QQFund.com’s operational efficiency and reduced its operational complexity. This helps streamline its current operation methodology/process and reduce the number of tangled or challenged everyday operations.

 

·    REQUIREMENT 1:

 

o Currently, normally, QQFund.com does NOT directly/explicitly use any direct market access (DMA) platform (such as the one which is supported by Trading Technologies (TT) (www.tradingtechnologies.com)) to trade the Client Account.

o Hence, currently, normally, the Client Account will NOT be directly/explicitly charged any fee associated with direct market access (DMA) platform.

o Currently, normally, QQFund.com does NOT directly/explicitly use any give-up/take-in network to trade the Client Account.

o Hence, currently, normally, the Client Account will NOT be directly/explicitly charged any fee associated with give-up/take-in network.

o Currently, QQFund.com has only opened a master account (hereinafter referred to as “QQFund.com’s Master Account”) with Interactive Brokers LLC (IB) (www.InteractiveBrokers.com).

o Hence, unless otherwise agreed to by QQFund.com (at its sole discretion), by default, the Client Account to be managed by QQFund.com must be linked with QQFund.com’s Master Account (which is only carried by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com)) directly.

o So that, QQFund.com can login QQFund.com’s Master Account (which is only carried by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com)) to manage (i.e., to view, to buy for or to sell for, etc.) the Client Account for Client directly.

 

·    REQUIREMENT 2:

 

o Furthermore, unless otherwise agreed to by QQFund.com (at its sole discretion), by default, the Futures Commission Merchant (FCM) chosen by Client to carry the Client Account must be able to support the operation for the advisory fee (as specified in the Advisory Fee Charged by QQFund.com (NOTHING but ONLY 2% Management Fee Per Year) section of the Disclosure Document).

 

 

·    If Client chooses Interactive Brokers LLC (IB) (www.InteractiveBrokers.com) as the Client FCM, unless otherwise agreed to by QQFund.com (at its sole discretion), by default, Client must follow the process as described in this section below to establish the Advisory Agreement with QQFund.com and to OPEN/LINK/CONFIGURE the Client Account.

 

·    If Client chooses other Futures Commission Merchant (FCM) as the Client FCM, Client must follow the process (which is as similar as possible (in principle) to the process as described in this section below) to establish the Advisory Agreement with QQFund.com and to OPEN/LINK/CONFIGURE the Client Account.

 

1.          Unless otherwise agreed to by QQFund.com (at its sole discretion), by default, in order to invest in QQFund.com Alpha Beta Program, Client must follow PROCESS 1 (as described herein)

 

·    to link a BRAND-NEW account (which is to be opened by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com)) (NOTE: This is the most preferred method) or

 

·    to link an EXISTING account (which has already been opened by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com) and which has NOT been managed by QQFund.com before (unless otherwise agreed to by QQFund.com (at its sole discretion)))

 

(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 QQFund.com’s Master Account to manage (i.e., to view, to buy for or to sell for, etc.) the Client Account for Client.

 

2.          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.

 

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

 

 

4.          For retirement IRA account, Interactive Brokers LLC (IB) (www.InteractiveBrokers.com) supports:

 

·       Traditional IRA

·       Traditional IRA (Rollover)

·       Traditional IRA (Inherited)

·       Roth IRA

·       Roth IRA (Inherited)

·       Simplified Employee Pension (SEP) IRA.

 

5.          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 (IB) (www.InteractiveBrokers.com). For more details, Client shall contact Interactive Brokers LLC (IB) (www.InteractiveBrokers.com) directly.

 

·       IRA account

·       401(k)

·       403(b)

·       457 Plan

·       Pension/PSP Plan

·       Money Purchase Plan

 

6.          Client can be any of below:

 

·       Qualified Eligible Person (QEP)

·       NON-QEP

·       Natural Person

·       NON-Natural Person.

 

7.          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 (IB) (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 2: Deposit Funds into the Client Account (as defined in the Disclosure Document) 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 (IB) (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).

 

8.          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.

 

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

 

10.    Hence, if Client wants to speed up the review process (performed by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com)), Client (at its sole discretion/risk) may deposit more fund into the Client Account.

 

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

 

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

 

·       USA email address: info@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 (at its sole discretion), by default, for security reasons, any email address chosen by Client (First-Client and/or Second-Client (if any)) to communicate with QQFund.com and the Client FCM 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.

 

13.    How to contact Interactive Brokers LLC (IB) (www.InteractiveBrokers.com)?

 

·       Email instruction: When sending email to Interactive Brokers LLC (IB) (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

 

14.    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 (IB) (www.InteractiveBrokers.com) and take the necessary actions accordingly.

 

 

15.    QQFund.com LLC’s most recent Disclosure Document furnished by QQFund.com LLC is hereinafter referred to as “Disclosure Document” which contains PART 1/2/3/4/5/6/7 (as defined in the Disclosure Document).

 

16.    The date of the Disclosure Document is shown on the first page of the Disclosure Document and on the bottom of each page. The Disclosure Document may not be utilized 12 months after such date.

 

17.    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 (as defined in the Disclosure Document) 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.

 

18.    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.).

 

19.    Client will be required to acknowledge receipt of the Disclosure Document (see PART 2: Acknowledgement of Receipt of the Disclosure Document (as defined in the Disclosure Document).

 

 

20.    Client must use method (a), (b), (c) or (d) below to complete PART 1/2/3/4/5/6/7 (as defined in the Disclosure Document) ((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).

 

 

21.    After PART 1/2/3/4/5/6/7 (as defined in the Disclosure Document) are completed/signed, if method (b) or (c) was used, Client must email them back to QQFund.com (info@QQFund.com).

 

22.    After PART 1/2/3/4/5/6/7 (as defined in the Disclosure Document) are received, reviewed and accepted by QQFund.com, Client will be notified (through email) by QQFund.com.

 

 

23.    AFTER receiving such acceptance notification from QQFund.com, unless otherwise agreed to by QQFund.com (at its sole discretion), by default, Client must use METHOD 1 or METHOD 2 below to link the Client Account with QQFund.com’s Master Account so that QQFund.com can login QQFund.com’s Master Account to manage (i.e., to view, to buy for or to sell for, etc.) the Client Account for Client.

 

24.    METHOD 1: Client follows below to open a BRAND-NEW account (which is to be opened by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com)) (NOTE: This is the most preferred method).

 

·       QQFund.com will contact Interactive Brokers LLC (IB) (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 (IB) (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 (as specified in the PART 1/2/3/4/5/6/7 (as defined in the Disclosure Document)).

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

·       So that QQFund.com can login QQFund.com’s Master Account to manage (i.e., to view, to buy for or to sell for, etc.) such account for Client.

 

25.    METHOD 2: Client already has an EXISTING account (which has already been opened by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com) and which has NOT been managed by QQFund.com before (unless otherwise agreed to by QQFund.com (at its sole discretion))) and Client wishes QQFund.com to manage (i.e., to view, to buy for or to sell for, etc.) 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 (at its sole discretion))).

·       Client must make sure that both the account type of such account and the account title of such account are identical to that (as specified in the PART 1/2/3/4/5/6/7 (as defined in the Disclosure Document)).

·       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 the Client FCM 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 QQFund.com’s Master Account to manage (i.e., to view, to buy for or to sell for, etc.) 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.

 

 

26.    EXTREMELY IMPORTANT: Configure the Trading Permissions of the Client Account ONLY for trading 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.).

(i)   If Client configures the Client Account to trade (establish new positions for) anything other than futures (such as stock, bond, option, mutual fund, bitcoin, cryptocurrency, etc.), QQFund.com will have the absolutely right (but not the obligation) to request the Client FCM to delete such trading permission for the Client Account.

 

27.    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

 

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

 

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

 

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

 

31.    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.

 

 

32.    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.

 

33.    However, Client can fund the Client Account in any of the following currencies, regardless of which base currency Client selects. (For more details, please see: https://www.interactivebrokers.com/en/accounts/multiple_currencies.php/1000.)

 

(1)   Australian Dollar

(2)   British Pound

(3)   Canadian Dollar

(4)   Chinese Offshore Renminbi

(5)   Czech Koruna

(6)   Danish Krone

(7)   Euro

(8)   Hong Kong Dollar

(9)   Hungarian Forint

(10)  Indian Rupee

(11)  Israeli Shekel

(12)  Japanese Yen

(13)  Mexican Peso

(14)  Norwegian Krone

(15)  New Zealand Dollar

(16)  Polish Zloty

(17)  Singapore Dollar

(18)  Swedish Krona

(19)  Swiss Franc

(20)  United States Dollar

 

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

 

35.    Hence, if Client wants to speed up the review process (performed by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com)), Client (at its sole discretion/risk) 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 (IB) (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 (IB) (www.InteractiveBrokers.com)? https://ibkr.info/article/2183

 

42.    How to transfer funds internally between two accounts both carried by Interactive Brokers LLC (IB) (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 (IB) (www.InteractiveBrokers.com) and take the necessary actions accordingly.

 

44.    BEFORE the Client Account is approved by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com), Client shall continuously 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 (IB) (www.InteractiveBrokers.com)). Such continuously monitor shall be done at least DAILY.

 

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 (IB) (www.InteractiveBrokers.com).

 

46.    AFTER the Client Account is approved by Interactive Brokers LLC (IB) (www.InteractiveBrokers.com), Client shall still need to continuously 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 (IB) (www.InteractiveBrokers.com). Such continuously monitor shall be done at least DAILY.

 

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

QQFund.com^® is a registered trademark of QQFund.com^® LLC. Registered with the United States Patent and Trademark Office (USPTO, www.USPTO.gov). QQFund.com^® LLC has been registered with the U.S. Commodity Futures Trading Commission (CFTC, www.CFTC.gov) as a Commodity Trading Advisor (CTA). QQFund.com^® LLC is a member firm of the National Futures Association (NFA, www.NFA.futures.org).

QQFund.com Alpha Beta Program is offered within the USA and subject to country-specific restrictions. This website (www.QQFund.com) is designed for USA residents. Non-USA residents are subject to country-specific restrictions. Unauthorized access is prohibited. English is the official language of QQFund.com^® LLC.​ The content of this website (www.QQFund.com) is translated into Traditional Chinese characters on a best-effort basis, and not all content has been translated. In case of any discrepancies (in contents or in translations), the English version of QQFund.com^® LLC’s most recent Disclosure Document (the Disclosure Document) shall prevail. You may download it at www.QQFund.com/QQFund.com_DDOC.pdf or you may directly contact QQFund.com^® LLC (info@QQFund.com) to request it.