Buying Iraqi dinar on the internet can prove to be a quick and easy process, especially if you have the right online dealer by your side. The actual purchase of dinar can be accomplished with the click of a mouse, but the prudent investor needs to consider several other factors about which online dealer he or she patronizes before making such an important financial commitment.
When choosing an online dealer specializing in Iraqi dinars you should consider the following:
– Is the dealer registered? This is the first aspect that should be considered. All authentic dealers trading in Iraqi dinars are required to register with the US Treasury Department and Better Business Bureau (BBB).
– Always check to see if an online brokerage firm is incorporated or an LLC (Limited Liability Company). This indicates that the company is legal and is a registered entity.
– Consider how long the company has been trading in Iraqi dinars and other forms of currency. Given the recent popularity of trade in Iraqi dinars, there has been an increase in investment frauds and counterfeit scams, many of which are performed online or through the mail.
– Verify the physical address and phone number of the company. It is important to know the physical address of the company so that it is easy for you to contact them in case of any questions or concerns.
– Consider the payment method that the company follows. Credit card payments are the best and the most protected. If the dealer insists on international wire transfer then it is advised that you should be aware.
– Assess the shipping policies of the dealer. Make sure that they employ reputable carrier services so that you can be assured of your shipment of Iraqi dinars.
– Ask the dealer about its protocols for verifying the authenticity of the dinar notes. The dinar has six features of security and these features should be checked before shipping.
– Inquire into how the online dealer guarantees the dinars, and learn about their procedures for returns or exchanges if for any reason you are not satisfied.