IMPORTANT NOTE: NatureForex has been undergoing maintenance for several weeks now, so we’re currently uncertain as to whether or not they have closed their doors, or as simply giving the brand an overhaul. For now, we’re going to post this review for our readers, as the site does ask interested parties to, “Please try back soon!”
Nature Forex is an international broker based in Belize and specializes in forex, metals, indices, oil, social trading and binary options. They currently have 4 years in the forex industry, over 30,000 open accounts in 45 different countries and they provide 5 trading platforms (however some are different versions of the same one). They hope to introduce their clients into a friendly and welcoming environment. In this review, we will be looking into the services on offer to see how they compare to the competition.
Nature Forex also offers binary options trading, however, for the purpose of this review, we will only be looking at the forex side of the broker. We will also not be looking into the social trading side of the broker.
Account Types
There are three main account types available for forex trading, we won’t be looking at the additional binary or social trading accounts, so what dot eh trading accounts offer?
Standard Account: The standard account has a minimum deposit requirement of just $20. It can have a base currency of USD, EUR, GBP or JPY and comes with a maximum leverage of 1:1000. Trading starts from 0.01 lots and go up in increment of 0.01 up to 20 lots. Hedging, scalping and automated trading are accepted. Bonuses are also available for this account, swap charges are also present and it can use the MetaTrader 4 trading platform. The margin call level is set at 50% and the stop out level at 30%. It has forex pairs, oil, metals, and CFDs available to trade. The spreads on this account start from 0.6 pips and there is no added commission.
JTrade Account: This account also has a minimum deposit requirement of $20. It can have a base currency of USD, EUR, GBP or JPY and comes with a maximum leverage of 1:200. Trading starts from 0.01 lots and go up in increment of 0.05 up to 20 lots. Hedging, scalping and automated trading are accepted. Bonuses are not available for this account, swap charges are also present and it can use the JTrade web trading platform. The margin call level is set at 50% and the stop out level at 30%. It has forex pairs and metals available to trade. Spreads on this account start from a variable 0.3 pips.
Islamic Account: Just like the other accounts, this one requires a minimum deposit of $20, as it is an Islamic account there are no swap charges on the account. It can have a base currency of USD, EUR, GBP or JPY and comes with a maximum leverage of 1:1000 with spreads starting from 0.6 pips floating. Trading starts from 0.01 lots and go up in increment of 0.01 up to 20 lots. Hedging, scalping and automated trading are accepted. Bonuses are also available for this account, swap charges are also present and it can use the MetaTrader 4 trading platform. The margin call level is set at 50% and the stop out level at 30%. It has forex pairs, oil, metals, and CFDs available to trade.
Platforms
There are a few different platforms available, we won’t be looking at the binary or social trading platforms though, so let’s see what is available.
MetaTrader 4 (MT4): MetaTrader 4 is available in 30 languages and allows the use of EAs for automated trading. End-users have the ability to trade on currency pairs, commodities, indices, cryptocurrencies and more. Customize the platform to meet your requirements via multiple charting and analysis tools. Access your daily account statements, real-time client account summaries, and more. The platform is also available as a desktop download, application for mobile devices and as a web trader.
JTrade: JTrade is Nature Forex own trading platform and was developed in house. Based on HTML5/CSS3, the front-end website provides a speedy rate distribution and a user interface that allows the trader to execute their trades conveniently and instantly. jTrade is a web-based platform and you can find its module easily on your MyPage.
Leverage
The leverage that you can receive is based on the account that you use, we have outlined them below.
Standard + Islamic:
Forex: 1:200 to 1:1000
Gold / Silver: 1:100 – 1:500
CFD: 1:100 – 1:500
JTrade:
Forex: 1:200
Gold / Silver: 1:100
The leverage can be selected when opening up a new account, for the JTrade account, it is fixed and cannot be changed.
Trade Sizes
Trade sizes for all accounts start at 0.01 lots, for the Standard and Islamic accounts they go up in increments of 0.01 lots, for the JTrade account they go up in increments of 0.05 lots. All accounts have a maximum trade size of 20 lots.
Trading Costs
There is no added commission on any of the accounts, they all use a spread based system hat we will look at later in the review. Apart from the Islamic account that has no swap fees, the other two accounts do, these are charged for holding trades overnight and can be viewed within the trading platform you are using.
Assets
The assets have been broken down into a number of different categories, we have outlined them below.
Forex: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNXD, EURUSD, GBPAUD, FBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDHKD, USDJPY.
Metals: Gold and Silver.
CFD: US30, SPX500, GER30, UK100, ESTX50, FRA40, AUS200, JPN225, WTI, Natural Gas Future, US 10 Year Futures, Brent Futures, Dollar Index Futures.
Crypto: BTCUSD, BTCEUR, LTCUSD, LTCEUR (Bitcoin and Litecoin).
Stock: Apple, Google, Amazon, Facebook, Netflix, Alibaba. There may be more but those are the only ones listed.
Commodities: Cocoa, Coffee, Corn, Sugar.
Spreads
The spreads on the Standard and Islamic accounts both start from 0.6 pips, the spreads on the JTrade account start from 0.3 pips. The spreads are variable which means they move with the markets and when there is added volatility they will be seen higher.
Minimum Deposit
The minimum deposit to open an account is $20 which will get you the Standard account after an account is open the minimum deposit remains at $20.
Deposit Methods & Costs
There are a few different ways to deposit, these are Credit / Debit Card (Visa and MasterCard, Bank Wire Transfer, Neteller and Skrill. There are no added fees from NAture Forex but when using card or bank transfer be sure to check that there are no added fees by the bank or card issuer.
Withdrawal Methods & Costs
The same methods are available to withdraw with, however, each one now has a different fee added to them, we have outlined them below.,
- Credit / Debit Card – $5 per transaction
- Bank Wire – 0.2% (Min $30)
- Neteller – 3% fee
- Skrill – 3% fee
Withdrawal Processing & Wait Time
The withdrawal times depend on the method used, we have outlined them below for you.
- Credit/Debit Card – Within 24 hours
- Bank Wire – 3 to 5 working days
- Neteller – Within 24 hours
- Skrill – Within 24 hours
Bonuses & Promotions
There are a few bonuses currently running, we will outline them below so you have an idea of the sort of promotions there may be.
Auto Rest Balance Program: This is basically negative balance protection, if your balance falls below 0, all trades will be closed and your account will be reset to 0, so you do not owe any money for going negative.
Commission Free Deposits: Again, not really a bonus, simply stating that there are no added fees for depositing funds into Nature Forex.
There are two different contest, one live and one demo. The live contest currently states that it is updating so it isn’t currently running. The demo contest gives you a chance to win prizes, however, it hasn’t updated since 2013.
Educational & Trading Tools
In terms of education, there are a few different aspects, the first in a series to guides and tutorials based around trading chart patterns, understanding CRB index, and trading psychology. Then there is a free trading program that could be a little beneficial to newer traders. There is a glossary of trading terms, support and resistance levels, trendlines and some information on a few other aspects of trading. It isn’t anything that will make you an expert, but it could help those that are just starting out.
Customer Service
If you need to get in contact with Nature Forex you can do so by using the online submission form to send your query., you can also use the postal address or phone number.
Address: New Horizon Building Ground Floor 3 1⁄2 Miles Philip S.W. Goldson Highway Belize City Belize, C.A.
Phone: +501 223 2144
Email: support@natureforex.com
Demo Account
Demo accounts are available, they can have a deposit from $10,000, have access to forex, oil, metals, and CFDs. Trading starts from 0.01 lots with a maximum of 20 lots and the spreads are variable from 0.6 pips. Leverage can go as high as 1:1000 for forex (lower for other instruments). Demo accounts allow people to test out the trading conditions or to test new strategies without risking any real capital.
Countries Accepted
We are not sure which countries Nature Forex accepts and which they do not so if you are thinking of joining you should check with the customer service team prior to signing up.
Conclusion
The accounts Nature Forex offer is based around the two available trading platforms, so the one you go for is based on that. The trading conditions seem quite competitive, spreads under 1 pip for non-commission accounts is relatively good value. In terms of assets, there isn’t the biggest selection but there is enough to give you something to trade. Deposit and withdrawal methods are slightly limited and the withdrawal feels could potentially make withdrawing quite expensive. We have shown you what is on offer, now it is up to you to decide if they are the right broker for you.
