Fred-frost.com Review

Here’s an overall review summary:

• Service Offered: Copy trading signals and a free trading course focused on day trading in financial markets.
• Cost: Advertised as “100% free” due to sponsorship by a trading platform.
• Risk Level: High, as explicitly stated in their terms: “74-89% of retail investors lose money trading.”
• Transparency: Provides some company details Fintech Media Advertising SA in Romania, and links to a Czech National Bank license for Mordex Asset Management, but the exact relationship and profit mechanisms for the sponsor are not fully detailed upfront beyond simply stating they pay for the service if users trade on their platform.
• Islamic Compliance: Highly questionable due to the speculative nature of day trading, potential for interest-based dealings within the underlying platforms, and the inherent high risk that can lead to significant financial loss, which is discouraged.

Engaging in day trading, especially through a copy trading model, often involves highly speculative transactions.

Many traditional financial markets and platforms deal with interest-based instruments riba or contracts with excessive ambiguity gharar, both of which are forbidden in Islamic finance.

While the service itself is “free,” the prerequisite of having “money to trade with” on a specific platform implies an indirect reliance on a system that may not align with Islamic principles.

The high probability of losing money, as acknowledged by Fred-frost.com itself 74-89% retail investor loss, further highlights the speculative and potentially harmful nature of this activity, making it an unfavorable option from an Islamic perspective.

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Best Ethical Alternatives Non-Edible Products:

Given the nature of the product, which promotes highly speculative financial activities, it is crucial to provide alternatives that align with ethical Islamic principles.

These alternatives focus on tangible, value-driven products or services rather than high-risk financial speculation.

• Islamic Art & Calligraphy:
  • Key Features: Hand-painted, digitally printed, or sculpted pieces featuring Quranic verses, Islamic patterns, or natural motifs. Often made from canvas, wood, metal, or ceramic.
  • Average Price: Varies widely, from $20 for small prints to thousands for original large-scale works.
  • Pros: Promotes contemplation, beautifies living spaces, culturally rich, supports artists.
  • Cons: Can be expensive for high-quality pieces, requires careful selection to ensure authenticity.
• High-Quality Prayer Rugs:
  • Key Features: Made from soft, durable materials like velvet, chenille, or memory foam. Often features intricate designs and a non-slip backing.
  • Average Price: $30 – $150.
  • Pros: Essential for daily prayers, comfortable, encourages spiritual discipline, durable.
  • Cons: Can be bulky to store, requires regular cleaning.
• Ethically Sourced Aromatic Diffusers & Essential Oils:
  • Key Features: Ultrasonic diffusers, pure essential oils e.g., frankincense, sandalwood, rose extracted through ethical and sustainable methods.
  • Average Price: Diffusers $25-$70, essential oils $10-$40 per bottle.
  • Pros: Creates a pleasant and calming ambiance, supports ethical sourcing, potential aromatherapy benefits.
  • Cons: Some individuals may be sensitive to certain scents, requires regular refilling of water and oil.
• Islamic-Themed Educational Games & Puzzles:
  • Key Features: Board games, card games, or jigsaw puzzles designed to teach about Islamic history, Quranic stories, Arabic letters, or Islamic manners.
  • Average Price: $15-$40.
  • Pros: Educational, promotes family bonding, makes learning fun, suitable for all ages.
  • Cons: Limited variety compared to mainstream games, specific to niche interest.
• Premium Quality Attar Non-Alcoholic Perfume Oil:
  • Key Features: Concentrated perfume oils made from natural ingredients flowers, oud, musk, long-lasting, no alcohol content.
  • Average Price: $20-$100+, depending on rarity and brand.
  • Pros: Permissible in Islam, distinctive and natural scents, small quantities last long.
  • Cons: Can be expensive for rare ingredients, scent preference is highly subjective.
• Digital Quran Pens & Smart Devices:
  • Key Features: Reads Quranic verses aloud, offers translations, tajweed rules, and interactive learning features. Often comes with a full Quran.
  • Average Price: $50-$150.
  • Pros: Facilitates Quranic recitation and learning, portable, multiple functions.
  • Cons: Relies on technology, battery life considerations, some may prefer traditional learning.
• Ergonomic Office Chairs & Standing Desks:
  • Key Features: Designed to promote good posture and reduce strain during long work hours. Adjustable height, lumbar support, and breathable materials.
  • Average Price: Chairs $100-$500+, desks $150-$600+.
  • Pros: Improves comfort and health during work or study, reduces sedentary behavior.
  • Cons: Can be a significant investment, requires assembly, takes up space.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Fred-frost.com Review & First Look

Fred-frost.com presents itself as a revolutionary platform offering “free” access to day trading strategies and signals, aimed at helping individuals achieve “financial freedom.” The website’s homepage immediately highlights its central premise: users can “Copy, paste and profit my trading ideas for free every day.” This promise is backed by testimonials, a claim of over 20,000 members globally, and the assertion that it’s the “world’s best rated trading program + community.” The allure of passive income with minimal effort – “no previous experience required” and “no more than 15-20 minutes a day” – is strongly emphasized.

However, a closer look at the site reveals critical details often overlooked by aspiring traders. While the service is marketed as 100% free, this is contingent on users trading through a “partnered” platform. Frederik Frost, the owner, states, “As long as we all use this platform to trade on, then 100% of my services is free for everybody!” This indicates a commission-based or referral model where the platform earns revenue from the trading volume or activity generated by its users on the partnered broker. The key ethical concern here, especially from an Islamic finance perspective, is the nature of the trading itself. Day trading, which involves frequent buying and selling of financial instruments over short periods, is inherently speculative. It often involves gharar excessive uncertainty and can inadvertently lead to involvement in riba interest-based transactions depending on the underlying instruments and broker practices. The terms and conditions explicitly warn: “74-89% of retail investors lose money trading. You should consider whether to seek independent advice, whether you understand how investing works and whether you can afford to take the high risk of losing your money. Your capital is subject to a high risk of loss.” This stark warning, usually buried in legal disclaimers, is prominently displayed, underscoring the immense financial risk involved. The promise of “profit my trading ideas” contrasts sharply with the reality that the vast majority of retail traders experience losses.

Understanding the Day Trading Model

The core of Fred-frost.com’s offering is copy trading combined with educational resources.

• Copy Trading: This mechanism allows users to automatically replicate the trades executed by experienced traders in this case, Frederik Frost and his team. The appeal is obvious: leverage someone else’s expertise without needing to conduct extensive research or analysis yourself.
• Educational Course: A “free 5-hour trading course” is provided, broken down into three parts covering basics, in-depth chart reading, and platform navigation/copying strategies. This course aims to help users “become an expert yourself after a few weeks” and “understand the market, so that you no longer trade blindly.”

Trustpilot and Testimonials

The website prominently displays Trustpilot ratings and numerous testimonials, some with specific financial gains cited by individuals.

• Trustpilot Presence: Fred-frost.com links directly to its Trustpilot profile, which generally shows a high rating. However, it’s crucial to remember that Trustpilot reviews, while valuable, can be influenced and do not negate the inherent risks of trading or the need for a thorough understanding of the underlying financial mechanisms.
• Member Interviews and Results: The site includes “Interviews with members” showing names, ages, countries, member duration, time spent per day, start deposit, and current balance e.g., Martin, 26, Denmark: Start deposit $400, Current balance $852. Ramsha, 30, Canada: Start deposit $500, Current balance $2,500. These figures are presented as evidence of success, but they represent a small sample and do not reflect the statistical reality of 74-89% loss among retail traders. Such testimonials, while potentially genuine, can create a skewed perception of guaranteed returns and downplay the significant risks.

Fred-frost.com Pros & Cons Ethical Considerations

When evaluating Fred-frost.com, especially from an ethical and Islamic perspective, it’s crucial to weigh the perceived benefits against the inherent drawbacks and risks. Summersnkrs.com Review

While the platform presents certain appeals, the fundamental nature of its service raises significant concerns regarding financial permissibility and the potential for harm.

Perceived Pros from a general user perspective, before ethical scrutiny

• “Free” Access to Trading Signals and Education: The most significant draw is the advertised 100% free access to copy trading signals and a comprehensive 5-hour video course. This removes the initial financial barrier often associated with trading education or signal services, which can cost hundreds or thousands of dollars.
  • Data Point: The website explicitly states, “Everything in Fredtrading is 100% free,” and that their sponsor pays for the service, eliminating direct membership fees for users.
• Beginner-Friendly Approach: The platform claims “No previous experience required” and suggests users can “copy, paste and profit from our trades live, so you can make money from day 1.” This low barrier to entry attracts individuals new to financial markets.
  • Statistic: According to Fred-frost.com, “95% of our members have never traded a day in their lives before joining Fredtrading.”
• Community and Networking Opportunities: The promise of access to a large community of “like-minded people from all over the world” is an attractive feature for those looking for support and interaction in their trading journey.
  • Data Point: The website boasts “+20,000 members from all over the world.”
• Time Efficiency: The service is marketed as requiring “no more than 15-20 minutes a day,” appealing to individuals with busy schedules who seek supplementary income.

Significant Cons Emphasizing Ethical and Financial Risks

The cons, particularly from an ethical and Islamic financial viewpoint, heavily outweigh the perceived pros.

The very nature of the service, despite its “free” marketing, is problematic.

• High Risk of Capital Loss Gharar and Speculation: This is the most critical and explicitly stated drawback. Day trading is inherently speculative and volatile. The platform’s own terms state, “74-89% of retail investors lose money trading. Your capital is subject to a high risk of loss.” This level of uncertainty Gharar makes it highly problematic in Islamic finance, which emphasizes avoiding excessive risk and promoting real economic activity rather than pure speculation.
  • Source: Financial Conduct Authority FCA and European Securities and Markets Authority ESMA frequently issue warnings about the high percentage of retail clients losing money in CFD and forex trading, aligning with Fred-frost.com’s own disclaimer.
  • Implication: Engaging in an activity where there’s an overwhelming probability of losing money goes against the principle of preserving wealth and avoiding wasteful spending.
• Indirect Involvement in Interest Riba: While Fred-frost.com itself may not charge interest, the “partnered trading platform” it requires users to join might operate with interest-based accounts, overnight fees swaps on forex or CFD positions, or leverage facilities that involve Riba. Since users are mandated to use this platform to receive the “free” service, they are indirectly pushed into an environment potentially riddled with Riba.
  • Concern: Even if the gains are made, if the underlying mechanism involves interest, the entire transaction becomes impermissible.
• Lack of Transparency in Partnership Model: While it’s explained that a sponsor pays for the service, the exact nature of this sponsorship and how it aligns with ethical practices is unclear. Typically, such “free” services in trading are funded by commissions spreads, fees charged by the broker on user trades, which means the provider benefits from high trading volume, regardless of whether the user profits or loses. This can create a conflict of interest.
  • Question: Does the “free” model encourage over-trading, which benefits the sponsor and Fred-frost.com, even if it leads to losses for the user?
• Reliance on Copy Trading Lack of Self-Sufficiency: While the course aims to teach, the primary offering is copy trading. This fosters a reliance on external signals rather than developing true financial literacy and independent decision-making. Users remain dependent on Fred Frost’s performance, which is not guaranteed.
  • Risk: If the signal provider performs poorly, all copiers will suffer losses. Past performance is not indicative of future results, as every reputable financial disclaimer states.
• Potential for Deception and Over-Optimism: Despite the disclaimer, the website’s heavy emphasis on “profit,” “changed my life,” and “make a real living from trading” through testimonials can create an overly optimistic and unrealistic expectation for new traders, obscuring the severe risk.
  • Observation: The balance of positive anecdotes vs. the stark risk warning can be misleading for unsophisticated investors.

Fred-frost.com Alternatives

Given the significant ethical and financial concerns associated with speculative day trading and copy trading models like Fred-frost.com, seeking alternatives that align with Islamic financial principles is paramount.

These alternatives focus on real economic activity, ethical investments, and tangible skill development. Cybertron.it.com Review

Instead of high-risk speculation, consider paths that build sustainable wealth and contribute positively to society.

Ethical Financial Alternatives Beyond Direct Trading

Instead of speculative trading, consider building wealth through legitimate, asset-backed investments and ethical business practices.

• Halal Investment Funds:
  • Description: These funds invest in Sharia-compliant stocks, real estate, and other assets, avoiding industries like alcohol, gambling, conventional finance interest, and entertainment. They are managed by professionals and screened for ethical compliance.
  • How it works: You invest money, and the fund manager allocates it to approved businesses and assets. Returns are generated from legitimate profits and rents, not interest or speculation.
  • Ethical alignment: Adheres strictly to Islamic financial principles, focusing on real economic growth and avoiding forbidden sectors.
• Ethical Entrepreneurship & Business Development:
  • Description: Instead of chasing quick trading gains, focus on building a genuine business or developing valuable skills that generate income through ethical means. This could be e-commerce, service provision, or product creation.
  • How it works: Identify a need, create a solution, and build a sustainable business model. Profits come from value creation, not speculation.
  • Ethical alignment: Directly aligns with Islamic emphasis on honest trade, hard work, and beneficial economic activity.
• Real Estate Investment Direct or REITs:
  • Description: Investing in physical properties or Sharia-compliant Real Estate Investment Trusts REITs that generate rental income. This is a tangible asset-backed investment.
  • How it works: Purchase property for rent or invest in REITs that own income-generating properties.
  • Ethical alignment: Based on tangible assets, generates returns from legitimate rental income, and avoids interest-based financing if done through Islamic modes.

How to Avoid Predatory Trading Schemes

The allure of quick money from trading can be strong, but it’s crucial to approach such opportunities with extreme caution, particularly when they promise easy, consistent profits with minimal effort.

Many schemes, while not outright scams, operate on models that are financially unsustainable for the majority of participants and often carry ethical red flags from an Islamic perspective. Urbanpro.com Review

Recognizing these red flags is the first step in protecting your wealth and principles.

Key Red Flags to Watch For

• Promises of Guaranteed or Easy Profits: Any platform or individual guaranteeing significant returns or implying that trading is “easy” or “risk-free” is a major red flag. Trading is inherently risky, and genuine financial professionals will always emphasize the potential for loss.
  • Data Point: The Financial Industry Regulatory Authority FINRA consistently warns against schemes promising high returns with little to no risk.
• High-Pressure Sales Tactics for “Free” Services: If a service is truly free, there should be no pressure. However, some “free” offerings, like Fred-frost.com’s, often come with an implicit condition e.g., you must use a specific broker or serve as a funnel to higher-cost services or riskier trading environments.
  • Observation: The urgency of “Join The Group Now – It’s Free” repeated on the website.
• Obscure or Unregulated Brokerage Partnerships: Be extremely wary if the “free” service requires you to sign up with a specific, lesser-known, or offshore brokerage firm. These brokers may not be regulated by reputable financial authorities like the SEC in the US, FCA in the UK, ASIC in Australia, leaving your funds vulnerable.
  • Check: Always verify the regulatory status of any broker.
• Lack of Transparency in Revenue Model: If the service is “free,” understand how they make money. If it’s through referral fees from a broker, this creates a potential conflict of interest where the provider benefits from your trading activity, regardless of your profitability.
• Emphasis on Lifestyle over Substance: Many promoters in the trading space flaunt lavish lifestyles luxury cars, mansions, travel rather than focusing on proven trading strategies, risk management, or detailed financial education. This is often a marketing ploy to sell a dream.
  • Example from Site: “Frederik… lives in Dubai and teach people how to either copy my trades or learn how to trade themselves.”
• Unrealistic “Passive Income” Claims: While passive income is a legitimate goal, achieving it through active day trading is a paradox. Day trading requires constant attention and involves significant stress. Claims of making a “real living” from 15-20 minutes a day copying trades are highly unrealistic for the vast majority.
  • Reality Check: Professional traders often spend 40+ hours a week analyzing markets.

Due Diligence Checklist

Before engaging with any trading platform or investment opportunity, perform thorough due diligence:

1. Verify Regulatory Status: For any trading platform or broker, confirm they are regulated by a top-tier financial authority in a reputable jurisdiction. Look for licenses and check for any warnings or complaints against them.
   • Example: For Fred-frost.com, their TOS mentions “MORDEX ASSET MANAGEMENT… authorized in Czech Republic License number CNB Czech national bank : 19819145.” This requires independent verification with the Czech National Bank.
2. Read the Fine Print Terms of Service and Disclaimers: Pay close attention to disclaimers, especially those concerning risk. The percentage of clients who lose money is a critical piece of information.
   • Fred-frost.com Example: “74-89% of retail investors lose money trading.” This is a crucial detail.
3. Research the Provider’s Track Record Beyond Testimonials: Look for independent reviews, news articles, and financial forums. Be wary of solely relying on testimonials presented on the provider’s own website.
4. Understand the Underlying Instruments: Know exactly what you’re trading Forex, CFDs, stocks, etc. and understand their inherent risks and costs. Research how these instruments align or don’t align with Islamic finance principles regarding riba and gharar.
5. Start Small or Not at All for High-Risk Speculation: If you must engage, start with a minimal amount you can afford to lose. However, for high-risk speculative ventures like day trading, the most prudent Islamic approach is to avoid them entirely.
6. Seek Independent, Qualified Advice: Consult with a certified financial advisor who understands Islamic finance before committing any significant capital. Do not rely solely on the advice of the service provider.

By applying these rigorous checks, you can better protect yourself from schemes that might lead to financial loss and compromise your ethical principles.

The Problem with Day Trading and Islamic Finance

Day trading, particularly in volatile markets like Forex or Contracts for Difference CFDs, presents several fundamental clashes with the principles of Islamic finance. While the concept of profit-seeking is encouraged in Islam through legitimate trade, the methods and inherent characteristics of day trading often fall into prohibited categories, primarily riba interest, gharar excessive uncertainty/speculation, and maysir gambling.

Riba Interest Concerns in Day Trading

Many modern trading platforms and instruments involve elements of interest, even if not explicitly labeled as such. Scalperintel.com Review

• Overnight/Swap Fees: When trading currency pairs or CFDs, holding positions open overnight often incurs “swap” or “rollover” fees, which are essentially interest payments. If you hold a position where the interest rate of the currency you bought is lower than the one you sold, you pay a fee, and vice versa. This is a direct form of Riba.
  • Impact: Even if one uses an “Islamic account” offered by some brokers, the underlying structure of these swaps can still be problematic if not truly structured as a non-interest-based transaction.
• Leverage Costs: While often presented as a tool to magnify gains, using leverage borrowed capital implies a loan. If there are any associated costs for this leverage, beyond administrative fees, they can constitute Riba.
  • Statistic: According to ESMA, leverage significantly magnifies both gains and losses for retail traders. For example, a 1:30 leverage means a 1% price movement can lead to a 30% change in your capital.
• Brokerage Models: Some brokers profit from the spread the difference between buying and selling price or commissions. While spreads and commissions are generally permissible, if the broker also profits from interest on client funds or engages in practices that facilitate Riba for their clients, the entire system becomes questionable.

Gharar Excessive Uncertainty/Speculation and Maysir Gambling

These are arguably the biggest ethical hurdles for day trading within Islamic finance.

• High Probability of Loss: Fred-frost.com’s own disclaimer states “74-89% of retail investors lose money trading.” This isn’t just a risk. it’s an overwhelming probability of loss. Islamic finance discourages engaging in transactions where the outcome is highly uncertain and where the chance of loss is significantly higher than the chance of profit, particularly when no real economic value is being created. This falls under Gharar.
  • Principle: The aim in Islamic transactions is clarity, fairness, and the avoidance of unjust enrichment or impoverishment due to sheer luck or excessive unknown factors.
• Lack of Real Economic Activity: Day trading typically involves speculation on price movements of financial instruments, not the exchange of tangible goods or services. There’s no underlying production, distribution, or creation of real economic value.
  • Contrast: Islamic finance encourages investment in productive enterprises, real assets, and businesses that provide genuine goods and services to society.
• Zero-Sum Game: In speculative markets, one person’s gain is often another’s loss. This “zero-sum” nature, where wealth is merely transferred based on unpredictable price swings, resembles gambling Maysir, which is strictly prohibited in Islam. Maysir involves gaining wealth from chance or speculation without any corresponding effort or value creation.
  • Hadith: The Prophet Muhammad PBUH discouraged transactions that involve excessive uncertainty or elements of gambling.
• Short-Term Focus vs. Long-Term Investment: Day trading’s emphasis on short-term price fluctuations for quick gains contradicts the Islamic principle of investing in productive assets for long-term growth and societal benefit. Islamic investment generally favors patience, due diligence, and participation in real economic endeavors.

Ethical Implications Beyond Finance

Beyond the direct financial prohibitions, day trading often leads to other undesirable outcomes:

• Psychological Stress and Addiction: The constant monitoring of charts, rapid decision-making, and emotional rollercoasters of wins and losses can lead to severe stress, anxiety, and even addictive behavior.
• Distraction from Core Responsibilities: The significant time and mental energy required for day trading, even if “15-20 minutes a day” is claimed, can distract individuals from their familial, professional, and spiritual duties.
• Unrealistic Expectations and Disappointment: The promise of “financial freedom” through easy means often leads to profound disappointment and financial ruin for the majority.

In conclusion, while Fred-frost.com offers a “free” service, the underlying activity of day trading, with its inherent risks, speculative nature, and potential involvement with Riba, makes it highly problematic from an Islamic financial perspective.

It prioritizes quick gains over genuine economic activity and carries a high probability of loss, which is contrary to the preservation of wealth and ethical conduct.

Regulatory Scrutiny and Consumer Protection

Understanding the regulatory environment is crucial for consumer protection. Unitedkings.net Review

Regulatory Bodies and Their Role

• Tier-1 Regulators: Reputable financial jurisdictions have strong regulatory bodies that oversee brokers and financial service providers. Examples include:
  • FCA Financial Conduct Authority – UK: One of the most stringent regulators, known for strict rules on capital requirements, client money protection, and marketing.
  • ASIC Australian Securities and Investments Commission – Australia: Another highly respected regulator with strong investor protection mandates.
  • CySEC Cyprus Securities and Exchange Commission – Cyprus: A popular regulatory hub in Europe, though sometimes perceived as less stringent than FCA or ASIC.
  • NFA National Futures Association / CFTC Commodity Futures Trading Commission – USA: Regulators for futures and derivatives markets in the US.
• Consumer Protection Measures: These regulators enforce rules on:
  • Leverage Limits: Capping the amount of leverage available to retail traders to reduce excessive risk. In Europe ESMA, leverage for CFDs on major currency pairs is limited to 1:30.
  • Negative Balance Protection: Ensuring clients cannot lose more than their deposited capital.
  • Segregated Client Accounts: Requiring brokers to hold client funds in separate accounts from their operational funds, protecting client money in case of broker insolvency.
  • Transparent Risk Warnings: Mandating clear and prominent warnings about the high percentage of retail investor losses. This is why Fred-frost.com has the “74-89% lose money” disclaimer.
• Licensing and Authorization: Any entity offering financial services, including trading signals or asset management, typically needs proper licensing.
  • Fred-frost.com’s Claim: Their Terms of Service state, “Fred Trading IS ALSO A PROVIDER OF STRATEGIES AND SIGNALS FOR THE COPY TRADING SERVICES OF MORDEX ASSET MANAGEMENT HEREINAFTER “MAM”, AN INVESTMENT FIRM AUTHORIZED IN Czech Republic License number CNB Czech national bank : 19819145”. This license number needs to be independently verified directly with the Czech National Bank CNB to confirm its validity, scope, and if it indeed covers copy trading signals.

Risks of Unregulated or Lightly Regulated Entities

• Lack of Recourse: If you deal with an unregulated entity, you have very little recourse if something goes wrong e.g., funds disappear, manipulated trades, withdrawal issues.
• No Investor Compensation Schemes: Most reputable regulators have compensation schemes to protect client funds up to a certain amount in case the broker goes bankrupt. Unregulated entities offer no such protection.
• Predatory Practices: Unregulated brokers are notorious for engaging in aggressive sales tactics, making unrealistic promises, or even manipulating trading platforms to ensure client losses.

Fred-frost.com Pricing The “Free” Model

Fred-frost.com repeatedly emphasizes that its service is “100% free.” This is a key selling point, distinguishing it from many other trading signal providers or educational courses that charge hefty subscription fees or one-time payments. However, understanding how this “free” model works is crucial, as it reveals the underlying business mechanics and potential conflicts of interest.

How Fred-frost.com Claims to Be Free

• Sponsor-Paid Model: Frederik Frost explains, “My goal is to help as many people as possible become either financial free through day trading… I’ve partnered up with one of the biggest and award-winning trading platforms in the world. As long as we all use this platform to trade on, then 100% of my services is free for everybody!” He further states, “I am sponsored by some of the world’s largest trading platforms, which means I can offer my service 100% free of charge.”
• The Win-Win Scenario: The website frames this as a “huge win/win situation” where users get free access, and Fred-frost.com builds a brand, while the sponsor pays.

The True Cost of “Free”

While no direct cash payment is required from the user to Fred-frost.com, the “free” model implies an indirect cost and a specific revenue generation mechanism for Fred-frost.com and its sponsor.

1. Broker Commissions/Spreads: The most common way “free” signal providers or educators are compensated by brokers is through referral agreements. When users sign up and trade on the partnered platform, the broker pays a portion of the revenue generated from those users’ trades e.g., through spreads, commissions, or rebates back to the referrer Fred-frost.com.
   • Implication: This means Fred-frost.com benefits when its users trade more, regardless of whether those trades are profitable for the user. This creates a potential conflict of interest, as it might incentivize encouraging more frequent trading, even if it leads to higher losses for the users due to accumulated transaction costs.
   • Data: Brokerage spreads on popular forex pairs can range from 0.5 to 3 pips or more. Over many trades, these small costs add up significantly, impacting user profitability.
2. Required Capital: Users must have “some money to trade with” on the partnered platform. This isn’t a direct fee to Fred-frost.com, but it’s a mandatory initial investment of capital that is then exposed to the high risks of day trading.
   • Example from Testimonials: Start deposits range from $300 to $6,500.
3. Losses Incurred on the Trading Platform: The most significant “cost” for users is the high probability of losing their deposited capital. As stated, “74-89% of retail investors lose money trading.” This means that for the vast majority, the “free” service ultimately leads to financial loss on their trading capital. The service itself might be free, but the activity it promotes is extremely costly for most participants.

Ethical Concerns with the “Free” Model

From an Islamic ethical standpoint, this “free” model raises flags:

• Conflict of Interest Potential for Gharar and Riba facilitation: If Fred-frost.com’s compensation is tied to user trading volume, there’s an incentive to encourage trading, even if the trading environment involves Riba-based instruments or excessive Gharar. The sponsor broker also benefits from increased trading volume, irrespective of client profitability, which can lead to practices that are not in the best interest of the user.
• Misleading Perception: While technically “free” to join, the ultimate outcome for most users is a net loss of their capital. This can be misleading as it implies a benefit without acknowledging the significant financial risk users are exposed to via the required trading activity.
• Lack of Real Value Exchange: The “free” service is contingent on participating in a high-risk activity that often lacks real economic value creation, which is crucial in Islamic finance. The value exchanged trading signals is tied to a speculative activity rather than a beneficial product or service.

In essence, while Fred-frost.com advertises a zero-cost entry for its service, the true “price” for users lies in the potential losses on their trading capital and their participation in a high-risk, potentially un-Islamic financial ecosystem.

How to Cancel fred-frost.com Subscription

Fred-frost.com is advertised as a “100% free” service, meaning there’s no direct “subscription” fee in the traditional sense that you would pay to Fred-frost.com itself. Smithtoronto.com Review

Therefore, there isn’t a typical cancellation process like with a paid membership.

However, if you wish to disengage from Fred-frost.com’s services and stop participating in the copy trading or community, the process would primarily involve discontinuing your engagement and potentially closing your account with the partnered trading platform.

Disengaging from Fred-frost.com’s Services

Since the service is free and primarily accessed through messaging platforms like Messenger, indicated by “Join The Group Now – It’s Free” links often leading to m.me URLs, and by using a specific trading platform, cancellation would typically involve:

1. Leaving the Community/Messaging Groups:
   • If you joined a private messaging group e.g., via Facebook Messenger or Telegram, if applicable, you can simply leave the group. This stops you from receiving direct trading signals and community updates.
   • Action: Go to the group chat and select the option to “Leave Group” or “Mute Notifications” if you prefer to just stop receiving alerts.
2. Unfollowing/Unsubscribing from Social Media:
   • If you followed Fred Frost’s social media accounts e.g., Instagram, Facebook for updates, you can unfollow them.
   • Action: Unfollow or unsubscribe from their social media profiles.
3. Discontinuing Use of Trading Signals:
   • Simply stop copying the trades provided by Fred-frost.com. You are not obligated to execute their signals.
   • Action: Do not place any new trades based on their signals.
4. Closing Your Account with the Partnered Trading Platform if desired:
   • This is the most crucial step if you want to completely disengage from the underlying trading activity. Since Fred-frost.com’s service is tied to using a specific trading platform, you would need to close your account with that broker.
   • Process:
     • Withdraw Funds: First, ensure you withdraw all remaining funds from your trading account. Follow the broker’s specific withdrawal procedures, which may involve identity verification and bank transfers.
     • Contact Broker Support: Reach out to the customer support of the trading platform you used e.g., via email, live chat, or phone.
     • Request Account Closure: Clearly state your intention to close your trading account. They may ask for a reason for closure or confirmation of your identity.
     • Confirmation: Ensure you receive confirmation that your account has been successfully closed.
   • Important Note: Review the terms and conditions of the specific trading platform regarding account closure, withdrawal fees, or any lingering obligations.

No “Free Trial” to Cancel

Because Fred-frost.com markets itself as “100% free,” there is no “free trial” period that transitions into a paid subscription.

The service is free from the outset, contingent on using their partnered broker. Buildsaltwall.com Review

Therefore, there’s no need to cancel a “free trial” to avoid future charges, as there are no direct charges from Fred-frost.com.

The primary concern is managing your capital with the underlying trading platform and disengaging from high-risk, speculative trading activities.

Fred-frost.com vs. Ethical Financial Practices

When comparing Fred-frost.com to ethical financial practices, particularly those aligned with Islamic principles, a stark contrast emerges.

Fred-frost.com’s Model

• Focus: Day trading, copy trading signals for short-term profit from price fluctuations.
• Revenue Model: “Free” service subsidized by brokerage commissions/spreads generated from user trading activity, creating an incentive for high trading volume.
• Risk Profile: Extremely high, with 74-89% of retail investors losing money.
• Value Creation: Primarily speculative. no direct creation of tangible goods or services.
• Involvement of Riba/Gharar: High likelihood due to potential for overnight swap fees interest on leveraged positions and excessive uncertainty gharar inherent in highly speculative, short-term market movements.
• Ease of Entry: Low barrier for new traders “copy, paste, profit”.

Ethical Financial Practices Islamic Finance Principles

• Focus: Investing in real economic activity, ethical businesses, tangible assets, and long-term wealth creation.
• Revenue Model: Profits derived from legitimate trade, rental income from real assets, partnership in productive ventures Mudarabah, Musharakah, or fee-for-service for tangible value.
• Risk Profile: Risk is shared, managed, and proportionate to potential returns, with a clear focus on avoiding excessive uncertainty gharar.
• Value Creation: Emphasizes real economic output, production of goods, provision of beneficial services, and equitable distribution of wealth.
• Avoidance of Riba/Gharar: Strict prohibition of interest in all forms and avoidance of transactions with excessive ambiguity or elements of gambling maysir. Investments must be based on clear terms and known outcomes.
• Due Diligence: Requires thorough research and understanding of the underlying asset or business.

Direct Comparison Table

Feature	Fred-frost.com Day Trading/Copy Trading	Ethical Financial Practices Islamic Finance
Primary Activity	Speculative short-term trading of financial instruments Forex, CFDs	Investing in real assets, ethical businesses, productive ventures
Risk Tolerance	Extremely High 74-89% loss rate stated	Managed risk, shared risk, avoiding excessive uncertainty Gharar
Revenue Source	Broker commissions/spreads indirectly from user trading activity	Legitimate trade profits, rental income, asset appreciation, partnership gains
Value Creation	Speculation on price movements, transfer of wealth	Production of goods, provision of services, real economic growth
Interest Riba	High potential for indirect involvement swaps, leveraged fees	Strictly prohibited in all forms
Uncertainty Gharar	High inherent in volatile day trading	Avoided. transactions require clarity and known outcomes
Gambling Maysir	Elements of a zero-sum game, resembles betting	Strictly prohibited
Time Horizon	Short-term minutes, hours, days	Medium to long-term investment, building sustainable wealth
Ethical Alignment	Highly questionable for Muslims	Fully compliant with Islamic principles

Conclusion of Comparison:

Fred-frost.com, by promoting a high-risk, speculative day trading model that relies on brokerage partnerships, operates in a space that largely contradicts fundamental Islamic financial principles. Keepcalling.com Review

The inherent presence of excessive uncertainty gharar, the potential for involvement in interest riba through underlying broker mechanisms, and the gambling-like nature of short-term speculation make it an unsuitable path for wealth generation for Muslims seeking to adhere to their faith.

Ethical financial practices, conversely, emphasize transparency, real value creation, risk sharing, and a strict avoidance of prohibited elements, offering a more sound and permissible approach to financial growth.

FAQ

Is Fred-frost.com a legitimate website?

Yes, Fred-frost.com is a functioning website that offers a service for copy trading and a trading course.

However, legitimacy in terms of operation does not equate to profitability or ethical permissibility for all users, especially given its explicit warning that 74-89% of retail investors lose money.

Is Fred-frost.com truly free?

Yes, Fred-frost.com advertises its service as 100% free, as it states it’s sponsored by a partnered trading platform. Fundrise.com Review

However, users are required to have money to trade with on that specific platform, and the “free” model likely means Fred-frost.com earns revenue from the trading activity e.g., spreads, commissions generated by its users on the partnered broker.

How does Fred-frost.com make money if it’s free?

Fred-frost.com explains that it is sponsored by a partnered trading platform.

This typically means the platform receives a share of the revenue generated by users who sign up through them and trade on the partnered broker.

This revenue is often derived from the spreads or commissions charged on each trade.

What is copy trading on Fred-frost.com?

Copy trading on Fred-frost.com involves users mirroring the trading ideas and positions of Frederik Frost and his team. Orwya.com Review

Users are encouraged to “copy, paste and profit” from their trades, implying that users simply replicate the actions of the signal providers.

What are the risks of using Fred-frost.com?

The primary risk is a very high chance of losing your invested capital.

Fred-frost.com explicitly states that “74-89% of retail investors lose money trading” and that “Your capital is subject to a high risk of loss.” Day trading is inherently speculative and volatile.

Does Fred-frost.com offer a trading course?

Yes, Fred-frost.com offers a “free 5-hour trading course” that covers basics, in-depth chart reading, and how to use trading platforms and copy signals. It aims to help users understand the market.

Is day trading permissible in Islam?

Generally, highly speculative day trading, especially with leverage and where elements of interest riba and excessive uncertainty gharar are present, is not permissible in Islam. Whitebeachholidays.com Review

Islamic finance encourages real economic activity, asset-backed investments, and avoiding transactions with characteristics of gambling maysir.

Can I really become financially free using Fred-frost.com?

While the website markets “financial freedom,” the explicit disclaimer that 74-89% of retail investors lose money suggests that achieving financial freedom through this method is highly improbable for the vast majority of users.

Who is Frederik Frost?

Frederik Frost is the founder and owner of Fred-frost.com.

He is described as a 26-year-old day trader from Denmark with experience analyzing markets since 2016, holding an AP in financial management, and running a copy trading group since 2020.

Does Fred-frost.com have a good Trustpilot rating?

Fred-frost.com links to its Trustpilot profile, which generally shows a high rating. Paysmartcarpets.com Review

However, it’s important to consider that Trustpilot reviews are only one aspect of a review and do not negate the inherent risks of trading or the need for independent verification.

What kind of trading does Fred-frost.com focus on?

Based on the website content, Fred-frost.com focuses on “day trading in the financial market,” implying short-term trading of instruments like Forex currency exchange or CFDs Contracts for Difference.

Do I need prior trading experience to join Fred-frost.com?

No, Fred-frost.com states that “You don’t need any experience to start your journey with us” and claims that “95% of our members have never traded a day in their lives before joining Fredtrading.”

How much time does Fred-frost.com require daily?

Fred-frost.com claims it requires “no more than 15-20 minutes a day” for users to copy and paste trading ideas.

Are there any testimonials from Fred-frost.com members?

Yes, the website features numerous testimonials from members, some including specific figures of start deposits and current balances, and personal anecdotes about their experience with Fred-frost.com. Tuomall1999.co Review

How do I join the Fred-frost.com group?

The website provides “Join The Group Now – It’s Free” buttons that typically lead to messaging platforms like Facebook Messenger m.me links, where you are connected to their team to start the process.

Is Fred-frost.com regulated?

Fred-frost.com itself is an advertising and signal provider managed by Fintech Media Advertising SA in Romania.

Its copy trading services are linked to Mordex Asset Management, which claims to be authorized in the Czech Republic with a CNB license.

This regulatory information should be independently verified.

What happens if I lose money with Fred-frost.com’s signals?

As with any trading, if you lose money using Fred-frost.com’s signals, that loss is incurred on your capital within your trading account with the partnered broker. Pawidols.com Review

The explicit risk warning states that the majority of retail investors lose money.

How can I stop receiving signals from Fred-frost.com?

Since there’s no direct “subscription” payment, you can stop receiving signals by simply leaving the messaging groups or discontinuing following their social media.

To completely disengage from the trading activity, you would need to stop placing trades and potentially close your account with the partnered broker.

Are there any hidden fees with Fred-frost.com?

Fred-frost.com explicitly states “Everything in Fredtrading is 100% free.” However, the “hidden cost” is the potential for significant capital losses through the high-risk trading activity you engage in, and any fees spreads, commissions charged by the partnered trading platform.

What are some ethical alternatives to speculative trading for wealth building?

Ethical alternatives include investing in halal investment funds Sharia-compliant stocks, real estate, engaging in ethical entrepreneurship or business development, or direct real estate investment, all of which focus on real economic activity and avoid interest, excessive uncertainty, and gambling. Coastaldebt.com Review