Last Updated: December 1, 2023
1. Introduction
Welcome to Quantum X Fintech Fund. These Terms and Conditions govern your participation in our proprietary trading programs. By enrolling in any of our trading plans, you agree to be bound by these terms.
1.1 Definitions
- Capital: The initial investment amount deposited by the trader
- Profits: Gains generated from trading activities after deducting losses and fees
- Lock-in Period: Minimum duration during which capital cannot be fully withdrawn
- Drawdown: Peak-to-trough decline during a specific record period of an investment
2. Withdrawal Terms by Plan
The following terms apply specifically to withdrawal of funds from your trading account.
✅ Permitted Withdrawals
- Profits after 30 calendar days
- 50% of capital after 3 months
- Full capital after 6 months
- Emergency withdrawals for medical emergencies (documentation required)
❌ Restricted Withdrawals
- Capital during first 90 days
- During active trading positions
- Without 7 business days' prior notice
- If account shows net loss for the month
💡 Processing Time: 3-5 business days • Withdrawal Fee: 1% on capital withdrawals
✅ Permitted Withdrawals
- Profits anytime (24/7 withdrawal requests)
- 50% of capital monthly after account activation
- Full capital after 60 calendar days
- Weekly profit distributions available
❌ Restricted Withdrawals
- During high market volatility periods (VIX > 30)
- If risk management limits are breached
- Without 24 hours' prior notice
- More than 50% of capital in any calendar month
💡 Processing Time: 1-2 business days • Withdrawal Fee: No fees on profit withdrawals
3. General Withdrawal Conditions
3.1 Processing & Timing
- All withdrawal requests are processed Monday through Friday, excluding market holidays
- Requests submitted after 2:00 PM IST will be processed on the next business day
- T+1 settlement applies to all equity and derivative transactions
- Bank transfers may take additional 1-2 days based on your bank's processing time
3.2 Fees & Charges
- No fees on profit withdrawals for Advanced Tier
- Capital withdrawal fees are deducted from the withdrawal amount
- GST @ 18% applicable on all fees and charges
- Minimum withdrawal amount: ₹1,000 across all plans
3.3 Documentation Requirements
- KYC verification mandatory for first withdrawal
- PAN card and Aadhaar verification required
- Bank account details must match KYC documents
- Emergency withdrawals require supporting documentation
4. Risk Management & Account Rules
4.1 Trading Restrictions
- Maximum position size: 25% of account value for Beginner, 40% for Intermediate, 60% for Advanced
- Daily loss limits: 2% for Beginner, 3% for Intermediate, 5% for Advanced
- Monthly drawdown limits: 6% for Beginner, 8% for Intermediate, 12% for Advanced
- Violation of risk limits may result in temporary trading suspension
4.2 Account Termination
- Accounts may be terminated for consistent risk limit violations
- Fraudulent activity will result in immediate termination and legal action
- Voluntary termination requires 30 days written notice
- Outstanding fees and charges must be cleared before account closure
5. Tax Obligations
5.1 Trader Responsibilities
- Traders are solely responsible for their tax liabilities
- Quantum X provides annual profit/loss statements for tax filing
- STT, stamp duty, and other statutory charges are borne by the trader
- No TDS deduction on profits; traders must pay advance tax as applicable
5.2 Reporting
- Monthly statements provided by 5th of following month
- Annual consolidated statement by January 31st
- Capital gains reporting as per Income Tax Act provisions
⚠️ Important Notice
Proprietary trading involves substantial risk of loss. Past performance is not indicative of future results. Traders should only risk capital they can afford to lose. These terms are subject to change with 30 days' notice. Continued use of services constitutes acceptance of modified terms.
Acceptance of Terms
By enrolling in any Quantum X Fintech Fund proprietary trading plan, I acknowledge that I have read, understood, and agree to be bound by these Terms and Conditions.
Electronic acceptance has the same legal validity as physical signature.