Warning! Naturel FX is an offshore company! Your deposit may be at risk.
RECOMMENDED FOREX BROKERS
In this review we will strip down Naturel FX to its core, and tell you precisely why you should not invest in it. Read on.
The biggest tell of any suspicious broker is its total lack of a regulation. Naturel FX is one of many examples that fit the description. The only thing close enough to a license is a vague mention in the About Us page on the Australian regulator ASIC.
The Australian Securities and Investments Commission acts directly in favor of the traders of Australia, helping them bypass any irregularities and malpractices. Nonetheless, ASIC doesn’t not include a client reimbursement policy, however there are no restrictions for the leverage limit. Naturel FX give its users a 1:100 leverage. As for a spread, we did not get an access to the trading platform for some reason.
Nevertheless, Naturel FX is completely UNREGULATED, a conclusion reached after checking ASIC’s online database of regulated brokerage firms.
We urge traders to trade with regulated brokers under the gaze of such agencies as the FCA which not only enforces a strict set of rules and demands detailed reports on company activities, but also includes a compensation fund of up to £85 000 for victimized traders resulting from insolvent brokers.
The broker allegedly offers Forex Pairs, Indices, and Crypto, as its trading assets. Allegedly, because we cannot confirm any of these claims because we were unable to register.
The broker is available in English, yet at certain instances Turkics translations started appearing, with no way to fully adapt the web page to one of two languages.
NATUREL FX LOGIN
We did not have access to a trading terminal because the registration process was broken; we wrote our details, yet the website did not proceed them. Needless to say, without a registration a platform is out of reach. That is not to say that Naturel FX does not offer one. We confirm that the MT5 makes an appearance here.
Although not as popular as MT4, MT5 still retains some great features that you will want in your trader’s repertoire. MT5 allows for a centralized market trade and is certified by many stock exchanges. There are also improvements in the time frames, better charting tools allowing for greater accessibility, and more pending order types for more versatile trading options. Expert Advisors have not gone anywhere; they’re still at your service with MT5.
NATUREL FX MINIMUM DEPOSIT
The minimum deposit has not been revealed, even in the website. Funding methods have also been left out. The very short and very unhelpful Terms and Conditions tell us nothing.
We would not deposit with this one if we were you. This broker is clearly not legitimate and not regulated, meaning that who knows what they will do with your investment. Traders should deal exclusively with brokers regulated by exemplary agencies such as the FCA or CySEC, for they oversee a brokers activities from head to toe with a severe case of diligence.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, often times for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.
NATUREL FX WITHDRAWAL TIME AND FEES
Withdrawals seem to be made via bank transfers. The minimum withdrawal amount is 50 Turkish Lira, or around $8.
ADDITIONAL FEES AND TAXES
Since the legal documents are extremely poor, there is nothing really to include in this section.
We nevertheless want to remind readers that many illicit brokers have no intentions of paying you back. Any effort to withdrawal your money will be unsuccessful. Either the broker will find a loophole in the terms and conditions that is completely made up, will firmly advise you against withdrawing, or they will ask more deposits needed if one wished to withdrawal. Scammers come up with additional fees and taxes for the sole purpose of keeping you on stand-by, and to deplete as much money from you as is possible.
We strictly advise against giving away an ID and proof address to unregulated brokers: they can be literally anyone with enough time and skill to mask themselves as a broker. Usually, these individuals use the anti-money laundering legislation as front for when traders start to get suspicious. Once this suspicion is confirmed and you file for a charge back, they will use your details against you case.
We are positive that this so called broker will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed broker where the law is integrated in every aspect of their operations.
HOW TO RECOVER
Filing for a charge back is the best advice we could give you. Immediately contact your bank or credit card company and lay out the circumstances.
Cancel your credit card if you have shared any notable details with the fraudulent broker, especially if you have provided them with the card’s CVV code. If such is the case, annul your credit card ASAP.
Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
Naturel FX is a pure scam, and whatever you don, do not deposit here! You owe them nothing!