General FreedomRocks Questions
What is the FreedomRocks refund policy?
The FreedomRocks refund policy states that the initial startup or the monthly renewal charge will be returned in full if a request is made within 10 days. You will receive a 50% refund if a request is made between days 11 and 30. After 30 days there are no refunds.
What is the suggested amount for my initial investment?
In order to properly follow the FreedomRocks system, $5,000-$10,000 is the suggested minimum. This number is suggested to make sure that you have a properly balanced portfolio and you are able to purchase enough "lots" which is achieved through buying "lots" of currency pairs.
If you do not have that amount to start it is possible to begin with $500. If you choose this option you will need to reduce your lot size to 100 as opposed to a 1K or 10K lot size in order to cover the minimum 20 of each currency pair required. Just make sure that your broker will allow this before starting.
I have not received an email confirmation and I know I signed up.
There could be a couple of reasons for this. Make sure that you have a valid email address on file with FreedomRocks. You could also have a SPAM blocker installed through your email system. If you do you'll have to make sure that emails from WelcomeTeam@FreedomRocks.com and Support@FreedomRocks.com are unblocked if they have been blocked.
Questions about FreedomRocks Wealth Builder Program
Do you provide any results on your website as far as what type of returns can be expected?
No, and the reason for this is quite simple. Anyone can falsify numbers and data to make something look better than it really is. We prefer that you open a demo account with a FOREX broker, listen to the weekly FreedomRocks training calls and see for yourself how the FreedomRocks Wealth Builder program will work for you.
Is my money invested with FreedomRocks?
No, your money will be invested with a brokerage firm that you choose for yourself. FreedomRocks can recommend a broker for you, but it is ultimately up to you. FreedomRocks is not a brokerage firm and has no control over your investments.
How is the FreedomRocks software accessed?
Upon signing up you will receive an ID number. This ID number will be used to gain access to the FreedomRocks Command Center website where you can use the FreedomRocks software. Visit the Command Center here at: http://www.freedomrocks.com/CommandCenter
There are so many different FOREX trading systems available on the market, how is this one any different?
Well for one, the FreedomRocks Wealth Builder program is completely different than anything you've ever seen before.
-You control your money with your own brokerage account and you place all of your own trades
-No confusing charts or graphs to read
-No research
-No signals
-You will trade in currency pairs which always move in opposite directions
-You rarely exit your position
-It only takes a few minutes a week to manage a portfolio of any size
-There is no need to "watch" your account all night long when the market is most active
-You can select your interest rate. Keep in mind the higher the rate the higher the risk
How is it possible to earn interest daily on my investment?
The interest is calculated from the difference between the currency pairs that you purchase. When you buy the currency with the highest interest rate and sell the currency with the lowest, you will earn interest daily. The interest is usually figured at 5:00pm EST. Interest is paid in triple on Wednesday to compensate for the market closing on the weekends. With the FreedomRocks Portfolio Allocator you select your interest rate, keeping in mind that the higher the interest rate, the greater the risk.
Is there any training available for those of us who have virtually no experience trading in the FOREX market?
The nice thing about FreedomRocks is that it has been designed with the assumption that you have no prior experience. The FOREX training page on the FreedomRocks website has step-by-step instructions in full detail. There is also a weekly training conference call and there are three online video presentations which outline trading in the FOREX market. With all that is available to help you, most people are up and running in a few hours.
Questions about FreedomRocks Business Plan
How much will it cost me to become a FreedomRocks representative?
It will cost you $45 for the annual website maintenance fee and $19 for the Compliance Training Course, totaling $64 for the first year. It will be $45 for every following year for the website maintenance fee payable on the anniversary of your original start date.
What is the difference between my representative ID number and my replication ID?
When you sign up you will receive an ID number through email which is used to gain access to your back office. You will set your own replication ID using a unique set of numbers and letters. The replication ID will be located after the FreedomRocks.com/ in order for people to access your website with a specific word. You will use your replication ID to access the Command Center to enter the trading platform. You can access the back office with either your ID number or your replication ID.
When I am marketing my FreedomRocks business is there anything that we are not to speak about or do?
Obviously we will not tolerate SPAM of any kind. Also do not send emails concerning FreedomRocks to anyone you do not know. If you would like to use direct email as a marketing option than you will have to create your own website to direct people to that has no reference to FreedomRocks, where people can opt in for more information. After that you can send them your FreedomRocks website address.
You cannot use the "FreedomRocks" name or logo on any website unless you are specifically authorized by FreedomRocks. MyForexPower.com is such an authorized company that offers FreedomRocks websites to distributors. If you want a website like this, visit http://www.myforexpower.com or click on the button at the bottom of this page for more information.
And please remember not to list any returns, interest rate values, or other monetary amounts in any communications. If it has a number on it don't send it!
How do representatives get paid?
FreedomRocks may well have the most lucrative compensation plan in the history of the network marketing industry. They pay out up to an unprecedented 90% of the income they receive each month. No other company even comes close. The following definitions explain the compensation plan in detail.
Customer - Someone who pays a one-time $25 set-up charge plus their first month’s FreedomRocks Wealth Builder subscription of $100 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 withdrawal,
or Credit Card charge,
of $100 for the Wealth Builder program that keeps a customer or representative 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 ($100 = 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 $45 annual website maintenance fee plus a one-time compliance training fee ($64 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 the 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 - $75 commission paid to any SR or SM whenever they personally enroll a new customer
or Active Sales Representative. The remaining $50 (of the $125 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 $40 to a SM each time their downline sales organization cycles.
Cycle - 200 SV on one side, 400 SV on the other = $40 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 $25,000 per weekly pay period.
Cycle Limit - Maximum number of cycles a SM will be paid based on their number of active, personally sponsored customers.
0 active, personally sponsored customers - 5 cycles ($200/week)
1 active, personally sponsored customer - 10 cycles ($400/week)
2 active, personally sponsored customers - 25 cycles ($1,000/week)
3 (or more) active, personally sponsored customers - 625 cycles - Cycle Bonus Cap ($25,000/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 a 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 $2,500 per pay period).
FreedomRocks System Questions
How is the interest that I will receive determined?
Since the FreedomRocks software is designed so that you choose opposing currency pairs you will receive your interest based on the difference between the interest paid and the interest received on a daily basis. The software will calculate the annual rate of return based on the daily interest that is deposited into your account.
Two things will affect your annual rate of return: the first is the currency pairs that you will invest in and the second is the percent of your money that you choose to trade with.
Firstly, the interest rate of a given country's currency will determine the interest paid. Some currency pairs will pay a higher interest rate to you and some will pay you a lower interest rate. When you allocate your portfolio you can affect your annual interest by determining which currency pair you would like to invest more money into. Remember some currency pairs are more volatile than others.
Secondly, the more you invest the greater your return because you are leveraging the money in your account. FreedomRocks does not recommend using more than 30% of your portfolio.
Can you give me a good explanation concerning the various ratios? (i.e. 100:1, 200:1 or 400:1)
The amount of money you control in the FOREX market with the amount of money you have in your account is the ratio, or leverage. This enables you to control 100 to 400 times more money than you have in your account.
100:1 means that for every $1 in your account, you control $100 in currency.
200:1 means that for every $1 in your account, you control $200 in currency.
400:1 means that for every $1 in your account, you control $400 in currency.
Margin call, what does that mean?
When the value of the positions you have purchased falls below the money you have in reserve a margin call is triggered. When this happens in the FOREX market all of your open positions are closed, which is why you will want to have enough money in your reserve account to cover these occurrences.
Some examples with a $10,000 account:
#1 - You invest $8,000 at 100:1. This is 80% of your margin. If the value of your open positions drops to $8,000 or less, you will have a margin call.
#2 - You invest $1,500 at 400:1. This is 15% of your margin. If the value of your open positions drops to $1,500 or less you will have a margin call.
#3 - You invest $3,000 at 100:1. This is 30% of your margin. The value of your open positions would have to drop all the way to $3,000 before a margin call would be triggered.
Basically, the greater the margin, the greater the risk, the lower the margin, the lower the risk.
Is it possible for me to lose more money than I currently have in my trading account?
Yes, as we have stated before; the greater the margin, leverage, interest rate, the greater the risk. Depending upon these factors and how the market will swing, it is possible to lose all your money and have to cover other losses as well. You can prevent this from happening by maintaining a good amount of money (margin) in your reserve plus the margin call helps you by closing out your positions to prevent further losses.
FreedomRocks highly recommends you familiarize yourself with a demo account before you begin trading.
I've heard that the FOREX market is rather volatile, how can I be sure that FreedomRocks will work?
The FOREX market is known for its volatile nature and large swings, but it is also known for the fact that currency pairs tend to be reciprocals of one another. FreedomRocks takes advantage of this knowledge by using the pairs' correlation to decrease your risk and allows you to benefit from various interest rates and the ability to buy low and sell high.
Wouldn't the market be affected as a result of so many buying and selling the same currency pairs?
The FOREX market is so large that FreedomRocks could not possibly affect the trillion dollars daily that it trades. Plus with FreedomRocks you are usually trading percentages of your positions not closing them out when a price point is realized.
Plus, since your buy and sell points are based on the exact rates that you received when you began your portfolio no other investor will have the same price points as another.
