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Frequently Asked Questions
FreedomRocks General
FreedomRocks Wealth Builder Program
FreedomRocks Business Plan
FreedomRocks System
FreedomRocks General
Does FreedomRocks have a refund policy?
Yes. Any charge (initial startup or monthly renewal) will be refunded in full if requested within 10 days. From day 11 through 30, we will refund 50%. Beyond 30 days, charges are not refundable.
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How much do I need to invest?
The suggested amount to start with to properly follow the FreedomRocks system is about $5,000 - $10,000 minimum. This is to ensure that you purchase enough "lots" to properly balance your portfolio, which allows you to ride out market swings and continue to collect daily interest on your positions.
However, you CAN start with as little as $2,000 - $3,000, but there are always tradeoffs in risk. At this lower level of capital, you will need to focus on just 2 currency pairs, use a 400:1 leverage, and likely use at least 10% of your margin to reach the suggested minimum of 25 lots of each currency pair. Remember, 10% at 400:1 is the equivalent of 40% on 100:1.
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I signed up for the program. Why haven't I received an email confirmation?
One of two reasons. Either FreedomRocks has an invalid email address on file for you, or you have a SPAM blocker installed on your email system. When you start your business, make sure any e-mails from WelcomeTeam@FreedomRocks.com and Support@FreedomRocks.com are not blocked.
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FreedomRocks Wealth Builder Program
Your Web site contains no indications as to what sort of returns I can expect. Do you provide testing results?
Neither FreedomRocks nor authorized affiliate Web sites (such as MySimpleForex.com) provide any numbers on the FreedomRocks system whatsoever. There are several reasons. First, if no claims are made (either from "real" accounts or from "backtesting" mountains of data), FreedomRocks cannot be accused of fixing the numbers in their favor. Systems can be "curve fit" extremely easily with today's powerful computers. Even "real" accounts can be manipulated by opening dozens of them and reporting on only a few. In our minds, ANY results received from system authors should be intensely mistrusted. So, if the results can't be trusted, why provide them? Instead, we invite you to try the FreedomRocks system for yourself - free, for 15 days. Open a demo account with a real Forex broker, or several of them, listen in on a few FreedomRocks weekly training calls, and see the power of the FreedomRocks Wealth Builder program for yourself.
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Do I invest my money with FreedomRocks?
No. FreedomRocks is not a Forex broker. You'll open your own brokerage account with the brokerage firm of your choice. To aid with training and support, FreedomRocks does have a recommended broker; but ultimately, you may choose any broker you'd like. FreedomRocks never has any control over your investment dollars.
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How will I access the FreedomRocks software?
Once you're signed up, you'll be given an ID#. That ID# will allow you access to the FreedomRocks Command Center Web site where you'll utilize the FreedomRocks software. The Command Center Web site is: www.FreedomRocks.com/CommandCenter.
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How is the FreedomRocks system different from other Forex trading systems on the market?
The FreedomRocks Wealth Builder program represents a complete paradigm shift from traditional trading models. Here are just some of the differences:
- You place all of your own trades, in your own brokerage account, so you always have 100% control over your money.
- There are no charts or graphs to read.
- No research.
- No signals.
- You'll always trade currency pairs which (historically speaking) move in opposite directions.
- You'll seldom exit your positions.
- You can manage a portfolio of any size in just a few minutes per week.
- You don't have to monitor your portfolio all night when the markets are their most active.
- In addition to your trading gains, you can set your portfolio to produce virtually any level of interest you desire - keeping in mind, that higher interest rates may significantly increase the volatility and overall risk of your portfolio.
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The presentation says I'll be paid interest each day on my money. How is this possible?
The interest you're paid is based on the interest rate differences between the currencies in the pairs you buy. If you buy the currency with the higher interest rate (and therefore, sell the currency with the lower rate), you will net interest each day. The interest is calculated (depending upon the broker) at 5:00pm EST. Since interest is not paid on the weekends, it is normally tripled on Wednesdays to compensate. The FreedomRocks Portfolio Allocator will allow you to select virtually any interest rate you desire on your portfolio (based upon today's approximate rates). Higher levels of interest, however, may significantly increase the volatility and overall risk of your portfolio.
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I have little or no Forex trading experience. What training is available to me while I'm learning the system?
FreedomRocks has a Forex Training page on their Web site with detailed step-by-step instructions, designed with the assumption that you have zero Forex trading experience. FreedomRocks also has three online video presentations showing exactly how to place the trades and a training conference call each week. Most people are capable of opening their demo accounts and placing trades within a few hours.
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How much money do I need to start trading live in the Forex market?
We recommend a minimum of $2,000. $5,000 - $10,000 would be better. The FreedomRocks system helps you setup a portfolio that will earn you daily interest. It is important to balance the portfolio to better help you ride market swings without having to close out your positions. To properly balance the portfolio, FreedomRocks recommends purchasing a minimum of 50 lots of each currency pair you are going to trade.
If you only have a few thousand dollars to invest, you can still use the FreedomRocks system with great success. The tradeoff is that you will expose yourself to some additional risk. You can still purchase the MINIMUM of 25 lots of each currency pair, but to do it will likely mean using 400:1 leverage at around 10% margin. (Remember, 10% on 400:1 is the same as 40% of a 100:1).
Naturally the higher your margin percentage, the higher the market swings will be in relation to your portfolio amount.
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FreedomRocks Business Plan
What is the cost to become a FreedomRocks representative?
for the first year ( annual website maintenance fee + for our Compliance Training course) and each year thereafter for Web site maintenance - payable on the anniversary of your start date.
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As a representative, I have an ID# and a replication id. What's the difference?
Your ID# is a numeric number used to identify you within our back-office. It will be provided to you by email after you signup. Your replication id is set by you on the signup form. It can be any unique set of letters and numbers. For example, you might want people to access your website with some special word or phrase (no spaces) after the "FreedomRocks.com/". This is your replication ID. You'll also use this ID when accessing the Command Center to access our trading platform. For simplicity, you may decide to change your replication ID to your ID# - that way you only have one number to remember. You can do this on the back-office if you choose. To access the back-office, you may log in with either your ID# or your replication ID.
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Are there restrictions on what I can and cannot do/say while marketing my business?
Yes. SPAM will not be tolerated within the FreedomRocks community. You may not list your FreedomRocks website URL on ANY e-mails directed to people you don't know. If you choose to send e-mails of this nature, you MUST create your own website (containing no reference to FreedomRocks) where people can enter their e-mail addresses for more information. Once they've done that, you may send them your FreedomRocks website address.
You may not use the "FreedomRocks" name or logo on ANY website. We offer select groups the opportunity to register FreedomRocks Authorized Websites and be listed as such on our site. For details, contact us at the Support Center.
Furthermore, communications of any kind listing potential returns, interest rate numbers, bonus check projections, etc., will be dealt with in a decidedly unpleasant manner.
Here's a simple rule: If it's got a number on it, DON'T SEND IT!! The only exception would be listing compensation plan cap numbers (provided below).
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How do I get paid as a representative?
We may well have the most lucrative compensation plan in the history of the network marketing industry. We pay out up to an unprecedented 90% of the income we receive each month. No other company even comes close. The following definitions explain our compensation plan in detail.
- Customer - Someone who pays a one-time set-up charge plus their first month’s FreedomRocks Wealth Builder subscription of 0 and who provides FreedomRocks with the documentation needed to establish their monthly autoship. Customers are not eligible to participate in the compensation plan.
- Autoship - Automatic monthly checking account withdrawl of 0 for the Wealth Builder program that keeps a customer or rep active.
- Active - A customer who renews his/her monthly subscription or a rep who generates 100 PV monthly. Sales reps must be active to accumulate SV.
- PV - (Personal Volume) Unit of credit used to measure personal sales volume. It is equal to the monthly software subscription cost (0 = 100 PV) that becomes SV to all active upline reps.
- SV - (Sales Volume) Downline PV that flows upline and accumulates on the both the left and right sides of an active rep's sales organization. SV is used to determine binary cycle compensation.
- SR - (Sales Representative) Someone who has paid a annual website maintainance fee plus a one-time compliance training fee ( total) to be able to sell FreedomRocks Wealth Builder subscriptions to others.
- SM - (Sales Manager) An active SR who has "qualified" his/her business by personally sponsoring a minimum of 2 active SR's (or SM's) (1 in each leg). Only SM's may participate in the binary compensation plan.
- Compliance Training - A required course for all FreedomRocks Independent Representatives covering what they may and may not say and do to stay compliant within our industry. Every SR must complete this course within 60 days of joining FreedomRocks to remain eligible to receive referral bonuses and cycle bonuses.
- Referral Bonus - commission paid to any SR or SM whenever they personally enroll a new customer. The remaining (of the 5 total startup) flows upline as additional SV to the binary organization.
- Binary Compensation Plan - A Binary Plan allows for only two (2) sales organizations (legs) but pays on sales volume generated infinite levels deep as compared to various Multi-Level plans which allow unlimited legs but pay only a few levels deep. The FreedomRocks plan pays to a SM each time their downline sales organization cycles.
- Cycle - 200 SV on one side, 400 SV on the other = cycle bonus. NOTE: Sales Volume generated from personally sponsored customers is not included in the Binary cycle until the second month. The first month is compensated by the Referral Bonus.
- Cycle Bonus Cap - 625 cycles, or ,000 per weekly pay period.
- Cycle Limit - Maximum number of cycles a SM will be paid based on their number of active, personally sponsored customers. (*Currently this restriction is not being enforced)
- 0 active, personally sponsored customers - 5 cycles (0/week)
- 1 active, personally sponsored customer - 10 cycles (0/week)
- 2 active, personally sponsored customers - 25 cycles (,000/week)
- 3 (or more) active, personally sponsored customers - 625 cycles - Cycle Bonus Cap (,000/week)
- Pay period – Weekly – Monday through Sunday. Bonuses are paid 2 weeks in arrears.
- Overall Binary Cap - FreedomRocks pays out up to 90% of income received.
- Back Cycling - When your weak leg becomes your strong leg following a cycle. Ex: If a SM has 600 SV on both sides, he/she will cycle twice. (A traditional 1/3 - 2/3 binary would only cycle once). Furthermore, if an SM has 300 SV on each leg (600 SV total), he/she will cycle once. (A traditional 1/3 - 2/3 binary would not cycle at all).
- Rollback - In the event that a SM fails to stay "qualified" due to one or both of their personally sponsored Sales Reps failing to complete their monthly autoship (becoming inactive), the SM will roll back to "unqualified" status at the end of the same pay cycle in which this occurs. Since the SM is no longer “qualified” to receive cycle bonus pay, that particular cycle bonus pay plus all future cycle bonus pay must be suspended until the pay period in which the SM has requalified their position with 2 personally-sponsored active Sales Reps (one in each leg). Note: Rollback can easily be prevented by maintaining several personally sponsored, active sales reps on each leg, thus insuring against sudden loss of income due to checking account overdraft.
- Matching Bonus - 20% of all personally-sponsored SM’s Cycle Bonus' is paid to all Gold (or better) level SM’s
- Car Bonus - 20% of all 2nd tier SM's Cycle Bonus' is paid to all Platinum level SM's (Capped at ,500 per weekly pay period)
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FreedomRocks System
What are the factors that determine how much interest I will receive?
The FreedomRocks software is designed so that you always pick opposing currency pairs. Any interest you receive is based on the difference between any interest you pay daily, and any interest you earn daily. The software then calculates your annual rate of return based on the daily amount of interest deposited into your account.
There are two main factors that affect your annual rate of return: 1) The currency pairs you invest in, and 2) The percent (margin) of your investment money that you are willing to trade with.
1. Currency pairs pay different interest based on the interest rate of a given currency's country. Some currency pairs (ex. USD/JPY) pay a high interest rate to you, while others will actually be a negative interest (you pay). In allocating your portfolio, you can affect the annual interest by determining which pair you'd like to invest more money into. The tradeoff is that some currency pairs are also more volatile than others.
2. Investing more of your margin would increase your annual rate of return, because you are leveraging the money in your account. For example, if you invested 10% of your margin and received an annual return of 5%, then by investing 30% of your margin, you would increase your annual return to 15%. Obviously the more of your margin that you invest, the more money you are controlling -- therefore the larger the potential swings in the value of your positions. Using more margin also increases the potential of a margin call (where you would be required to add money to cover the value of your positions). FreedomRocks does not recommend using more than 30% of your portfolio.
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What do the different ratios mean? (ie. 100:1, 200:1 or 400:1)
The ratio is the amouny of money that you control in the FOREX markets with the money that you have in your account. It is also called Leverage, because you can control 100, 200, even 400 times more money than you have in your account. This large leverage is possible with the relative stability of world currencies
100:1 means that for every in your account, you control 0 in currency.
200:1 means that for every in your account, you control 0 in currency.
400:1 means that for every in your account, you control 0 in currency.
Trading 25% margin with a 400:1 leverage is like trading 100% of your margin using 100:1 (which is almost guaranteeing that a margin call will be made on your account).
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What is a margin call?
A margin call is triggered if the value of your positions (ie. "equity") falls beneath the money you have in reserve. In the FOREX, a margin call means that all your open positions are immediately closed, which essentially locks in the loss. This is why you want to leave enough reserve (ie. margin NOT invested) to ride the ups and downs of the market without getting a margin call.
Let's look at some examples. (Please don't trade this way, this is merely for the sake of discussion.) For each of these examples, we are going to be using an account with a ,000 total balance (much like a DEMO account):
#1 - You chose 60% margin at 100:1. 60% of $10,000 is $6,000 so... if the value of your open positions drops to $6,000 or less, you will have a margin call. (This is not a good way to trade, as a 40% swing in the FOREX market is possible, even if uncommon. FreedomRocks recommends only 5-30% margin to help avoid a margin call situation)
#2 - You chose 30% margin at 200:1. $10,000 x 30% = $3,000. In this example, the value of your open positions would have to drop down to $3,000 before a margin call would be triggered. 30% at 200:1 controls the equivalent amount of currency as 60% at 100:1.. but notice that by choosing 200:1 leverage you have given yourself more room to avoid a margin call. ($3,000 instead of $6,000)
#3 - You chose 15% at 400:1. 15% of $10,000 is $1,500. The value of your open positions would have to drop all the way to $1,500 or less to trigger a margin call. Using 15% at 400:1 leverage controls the equivalent amount of currency as 60% at 100:1, but allows your account to go as low as $1,500 (as opposed to $6,000) before a margin call.
In all these cases, you would get the same amount of interest and control the same amount of currency. Just remember that the more currency you control (whether 100:1, 200:1 or 400:1) the more volatility you will see in your positions and the more likely you will be hit with a margin call (locking in the loss). This is why the FreedomRocks approach recommends you keep your margin between 5-30%. Go for the long haul while still being able to sleep at night.
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Can a person lose more money than what is in their trading account?
Yes, it is possible. If you are heavily leveraging your positions and the market moves against you... then it is possible to lose all your money as well as be liable for additional losses. Keeping a healthy margin in reserve can help to eliminate this fear. Also, margin calls help to guard against this possibility by closing out all positions when you have overextended your margin and leveraged too highly.
It is recommended to trade with a demo account first so that you can practice the FreedomRocks investing strategies and use the software before putting any actual money at risk.
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Isn't the Forex market too volatile for any "system" to work?
While it's true that the Forex market is volatile and sometimes has large swings, the FreedomRocks system takes advantage of currency pairs that mirror each other closely. This means that when one is up, the other is generally down by a similar amount. Using correlative pairs like this greatly reduces the investor's exposure to swings, as the two pairs balance each other. The FreedomRocks system not only takes advantage of this balancing of pairs, but also allows the investor to profit from interest rates and the "buy low, sell high" principle.
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If everyone is buying and selling the same thing, won't this affect the marketplace?
You no doubt have heard of the difficulty of moving large amounts of money in stock markets like the NYSE. The more you have invested, the harder it is to move it around. However, because of the size of the Forex market (3 TRILLION USD daily), there is hardly a concern that following the FreedomRocks system will affect the marketplace. In addition, FreedomRocks traders do not usually close out their full positions but are only trading a small percentage of each when a buy or sell price is reached.
Also, FreedomRocks calculates buy and sell points based on the exact rates each investor receives at the time they start their portfolios. Hence, no two investors will have exactly the same buy and sell points.
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