Beginner traders around the world are losing thousands of pounds every day trying to learn to trade the markets and getting scammed by ‘educators’ and ‘mentors’ that have failed at trading themselves. The majority of vendors are selling repackaged, basic content that you would otherwise be able to get online for free, leaving traders feeling scammed and disheartened.
In this article we are going to be reviewing Rockzfx Academy, a forex education service based in the U.K. They’ve got a fairly huge social media presence so definitely draw in a lot of newer traders – let’s break down everything you need to know about this company!
Who Is Rockzfx?
Rockzfx is a trading education service based in the U.K. They’ve been around in the industry for a good few years now and have thousands of reviews online from traders in over 70 countries. The courses have been viewed over 200,000 times according to the website – impressive! But who runs this show?
Although Rockzfx has hundreds of YouTube videos breaking down tips and tricks about the forex markets, he never really announces any personal details about himself or his trading accounts… Interesting. Some of the other large forex course owners are much more transparent…
In the U.K. every company has to be registered with Companies House in order to pay tax and function within the remit of the law. According to the records, Rockzfx was founded in December 2019 by Tony Rockall, hence Rockzfx, and Galin Shirzadegan.
What Does Rockzfx Offer?
When looking at buying forex education it’s very important to look at what’s actually on offer. If we are going to be paying for some ebooks that we could find online for free, or some baby pips level knowledge with no trading strategies or effective plan to trade the markets then we are definitely wasting our time and money. With that being said, what exactly do Rockzfx offer?
As far as education goes, they are offering a very large curriculum that will in theory, get you trading profitably ‘instantly’. Now, the whole ‘instantly’ thing doesn’t impress at all as just below the hook, it mentions that there’s no such thing as overnight success – so what is instant?
The curriculum offered includes:
- Entry patterns
- Break and retest course
- 100 day challenge
- Trading rules
- Live trading sessions
And much more. You are certainly going to be getting a lot of content, in terms of volume, for your money and it’ll take a good lot of hours to get through the curriculum a few times and fully understand what you’re learning. The content is fairly basic compared to the likes of G7FX or Trading Masterclass, but they are certainly much more expensive – I’d say that RockzFx is more geared for beginners.
Rockzfx has a range of academy mentors that will have a 1.5 hour session with you, for just £100. I’m assuming during this time they answer any questions you have and help you with any pain points you’re struggling with in your forex trading journey.
In essence, I love this idea! However, I think this should personally be included in the monthly subscription fee, rather than being another cost for forex traders to have to pay in order to reach profitability. More so, none of these ‘traders’ have any kind of track record to show and they aren’t even using legit names, so I can’t imagine personally them for any kind of knowledge when I cannot be sure they know anything more than I do!
Now we know what Rockzfx is offering and who’s behind the trading company, what are we going to be paying for the privilege? Well, the academy costs a total of £99 per month, or £597 for a one time payment – which should be a lifetime membership.
In the grand scheme of things, paying £600 for over 100 hours of video content and over 140 lessons really isn’t the worst value for money, providing that the majority of this content is better than packaged Babypips content.
If we compare this pricing to other educators in the industry, it’s definitely fairly competitive. Transparent Fx for example charges around £580 one time fee for all of their content and mentorship, so it’s certainly in the ballpark. Guerrilla trading is roughly £100 per month for the community too – so again, not too different price wise!
Rockzfx has a fairly large YouTube channel with nearly a quarter of a million subscribers in the forex niche – which is certainly impressive. On this platform, he posts daily content talking about various different forex concepts and tips that may be very useful for beginner traders looking to grow their knowledge. Much like Transparent Fx’s Youtube channel, as discussed in this article, there’s very little groundbreaking knowledge being shared here and it’s of course a great funnel to push traders towards the paid education being offered, however, it may still be useful!
The majority of Rockzfx’s videos show concepts and don’t really show any signs of live trading the market, which is definitely worrying. I’d like to see a mentor with so many videos showing live results, withdrawals, track records or anything else to prove consistency in trading – which I haven’t personally been able to find. I do actually really like when some of the best forex courses offer a lot in the way of free education for traders that are looking to dip their toes in the industry.
Rockzfx Reviews – What Are Traders Saying?
Rockzfx has an absolutely AMAZING Trustpilot reputation – in fact, I’ve rarely ever seen a company with just great reviews… which is almost suspicious in a way! 98% Of the reviews are excellent, with less than 1% of traders being unsatisfied with the education being offered. Considering Rockzfx is said to have students in over 70 countries, this is certainly very impressive!
One trader, Ricky here, has even managed to go onto becoming FTMO funded after learning from Rockzfx. This is very impressive and means that Ricky is now trading hundreds of thousands in capital, keeping 70% of the profits for himself! If you’re curious about taking on additional capital for your forex trading, check out our Top Forex Prop Firms List or even our in-depth FTMO review here!
In Summary – Is Rockzfx legit?
So, the real question is, is Rockzfx a legit forex education service? The answer is yes and no. In many ways Rockzfx offers a great deal of value with a huge amount of content in the curriculum, the price point is average, the reviews on Trustpilot are perfect (almost too much so) and they put out a huge amount of content online too.
The caveat to this is the fact I cannot find any live trades, any track records, any proof of concept that the mentors actually know how to trade consistently and could do better in the markets than the rest of us – which you’d expect from a mentor, right?
That’s certainly not to say the company isn’t legit – it may well be! I’d just like to see some proof of track records or funding before I sign up personally and spend my money and time on this forex course. I would personally stick to one of the top forex courses with much more transparency.
If you have any experience with Rockzfx please do let me know in the comments down below, I’d love to hear how it went for you!