The effect of composition on the magnetic properties and microstructure of as-cast Nd-Fe alloys was investigated. The temperature dependence of the hysteresis loops was studied. The magnetic phases with ordering temperatures in the range from 7 to 50 K and from 420 to 580 K are detected from zero-field cooled (ZFC) and field cooled (FC) dependencies of magnetization. At temperatures below 100 K, the increase of the magnetizing field leads to a sharp increase of the magnetization, which does not saturate in the magnetization field 90 kOe. The correlations between the microstructure and coercivity of the as-cast Nd-Fe alloys are discussed.