FreedomRocks.com Review

In 2012, Martin, formerly of Glencoe and Malibu, Calif., was sentenced to 17 years in prison while Walsh, of Lake Forest, was sentenced to 12 1/2 years.

http://articles.chicagotribune.com/2012-02-02/news/chi-feds-2-sentenced-for-stealing-17-million-in-fraud-20120202_1_strip-club-release-wire-and-commodities-fraud

I saw the founder on American Greed speaking about a subsidiary firm of theirs that was convicted of felony practices. What I found very peculiar was Freedomrocks president was filmed driving a Honda Civic in the first clip. Then, later I assume at his home, he was being interviewed sitting in front what I know to be a pool table that cost at least $10,0000. I thought that was very starange and probably an over site on the image that this man was trying to project. I wouldn't give a red cent to this organization. Shady...

I beleive this was a major fraud- I lost over $15000 in 6 months. I never made money using Freedomrock software and yet I was paying over $100 a month thier fees. I tried reaching them after every transaction I made, but no luck. It was a big scam and another PYMD sceme. I wish I can have my money back..

Hi

I tried this about 4 years ago. It works on correlation.

It worked intially although there were large drawdowns but then went belly up.

I beleive it was closed down some time ago.

Regards

Review Moderation Team Note: The website is still up and is still listing trading products.

I was with freedom rocks back in November of 2007. In Dec, I started a demo account, and ran it for the month. the results were positive, so i deposited 4000.00 with 1worldfx. I allocated my account at 10 % trading just the eur/usd and the usd/chf for the month of january. At the end of the month I had earned 68.00 in profit. this was also at 400 to1 leverage. I could have increased my profits by increasing my margin to 20% or by adding the 1 or 2 more pairs, but I was very nervous the first month, and wanted to minimize my risk of a margin call. The biggest problem with there trading software is that it has a tendency to produce heavy drawdowns on your equity, so allocating high percentage is very risky. freedom rocks banks on daily interest, not aggressive trading. it uses the hedging stategy. The other softwares use a more agressive approach, and execute more trades in a shorter time. the biggest problem with freedom rocks from what I can see is that it is no good for mini accounts with less than 2000.00 and the fact that mark would hook his members up with a broker that was conducting business illegally such as 1woldfx. anyway...the 1st of febuarary I closed out all my trades and decided to re-allocate my account at a higher percentage, and adding a third pair. Well what happened next was a real eye opener. On the morning of febuary 11 2008 at approx 8am eastern time. The entire financial market went in to a tail spin after the chinese stock market fell 9 points over night. I went to make a cup of coffee, and when I came back to my computer I could not believe my eyes. the numbers were turning downward faster than a gas pump. I instantly closed out all my trades, and when the dust settled I had lost 1800 dollars in about 4 minutes. All I can say is that I am glad I was home and actively watching my account or I would have come home to find my account wiped out.

FR is an MLM company, and that's where people make their money.

I joined FR for two months. I demo traded conservatively with a 5% margin around Nov. 08 and the account was margined out. I realised pretty quickly that the system was not hedging successfully as the currency pairs were too out of balance. I let it ride though to follow the system and it went all the way to margining out. I now trade myself using a system based around trading the EUR/USD and USD/CHF but have implented the features to my system that FR lacks and I don't have to pay them US$100 per month. They did have good leverage etc that I can't get now and trading FR gave me a start to Forex trading.

FR isn't a dishonest company or anything like that, but their system isn't worth the cost - most of your monthly fees go to MLM uplines anyway.......and as mentioned by others the uplines often don't trade the system themselves.

Save your money, set up your own demo account and practice similar systems with the added benefits of advice added by people in these reviews.

There are no magic systems to forex, it's about playing the probabilities into your favour and using a system so that you don't get caught up trading emotionally. You can do this without trading as a day trader, it's just about understanding cyclicity and having risk aversion strategies in place.

I was in FR a little over a yr. I started out w/ $15,000 and quit w/ $1,200 and a brother and a couple friends that I can hardly talk to anymore because I got them into this and they got beat to death as well. I lost money I couldnt afford to lose, especially when other investments are doing bad also...really who has money to lose? wish now I never would have heard of FR

I was with Freedom Rocks for over a year and left them for other interests over a year ago. During the time I was with them I found them to be extremely honest and forthright about their program.

There is no such thing as an investment program without risk and Forex has some of the highest risk of any form of investment. FR preached this from the rooftops. I watched the correlations very carefully and altered my investments to suit the conditions, per FR instructions. I made a nice bit of money.

I saw some clients taking idiotic risks and many more altering the program to suit their tastes. Almost all of these folks lost money. Some lost their entire bankroll for no other reason than greed. FR did, indeed have losing periods and will in the future. NEVER RISK MONEY YOU CAN'T AFFORD TO LOSE!!! This has always been an FR mantra.

Bottom line is that this is a direct marketing company that markets a financial product. They are completely honest but if you are looking to make a quick fortune in Forex with no risk you will not find happiness here nor anywhere else for that matter. If you are looking to build a stable home based marketing business with a unique program and great support, check them out.

A Multi Level Marketing Company selling the holy grail of the inhouse developed hedging system. I was with them for three months and got burnt in several ways..
FIRST: They recommended One World FX broker , which went went out of busness shortly after and I lost money..TWO: I started with a USD$5,000 investment, and too my horror their hedging system did not work and the correlation of a near -1 co-efficient advertised by the company, the market was igonoring...and FINALLY..here is the STING....My Upline had recruited around 40 new clients under them...and they were not going live trading themselves..but living off the trail referral income and not putting their own money at risk...what a scam..when your upline does not even use the product!..lastly I rang their recommended fx broker in Sydney...they were unaware of these business practices and were powerless to do anything..
The company is focused on recruiting drive of clients and their monthly subscription fee, and provide little education other than how their system works. More akin to group hype and brainwashing than educating clients on how to trade successfully in all kinds of markets..When the market turns bad and the correlation pairs no longer apply, there is no comeback, and you are at the mercy of the market. My $5,000 investment was gone inside 6 weeks on my one and only trade using the recommended 6% to 8% capital at risk....BEWARE

once again someone who tells everyone that they were using it wrong & greedy, Ted you dont know if people used it wrong or were greedy, I know i & the people I sponsered werent but as another, brainwashed by it you will lose money guaranteed, unless you dont even trade using thier programmes. I know that some of the reps dont even trade with it but try to make money by recruiting