Dinar Trading Part 3
Following Andy's (real name withheld per his request) inquiry, in this 3 part article I’m conducting a case study on freedinar.com, an Iraqi dinar trader. Andy is a prospective investor who is trying to make an informed purchase and asked for my help in the process. Part one covered the basics of dinar trading. The second part of the article holds first time impressions about their web site and whether or not I could find any testimonials from previous customers. If you’ve arrived directly to part 3 (e.g. from an outside link to this page, or from a search engine result) be sure to check the first two parts before continuing.
In this 3rd part of the dinar trading article we’re attempting to find another important element from our puzzle: their physical location. Does freedinar.com display their address? This is a very important piece of information, and its presence could significantly boost our confidence with them.
First obvious place to check is the contacts page. And here it is their Arizona address, right below the contact form. Right on the spot! But can we trust this is the dinar trader real address? After all, typing text on a web page is easy. Are there any steps to verify it beyond doubt without actually going there? Lucky there are. Keep on reading as we uncover the last pieces of the puzzle, pieces that should prove without doubt if freedinar.com is who they say it is.
First of all we could look for inconsistent information. Remember the whois info from part 2 (here’s a link to the dinar trade part 2 if you may have missed it)? It has the registrant address in it. Although slightly different, presumably due to a change of location, or office versus home address, both addresses point to Glendale, Arizona.
The third place where I could find their address is near the bottom on the Privacy Policy page. Again Glendale, Arizona. So far so good!
Agreed, all our information about this dinar trader comes from sources that are easy to fake. Anyone can write anything they like and post it on a web page. And the domain registrant information is only as good as those who typed it in. But the hard evidence that will show beyond doubt if they’re exactly who they say is about to come next.
On the same Privacy Policy page we can find another very important piece of the puzzle: the dinar trader phone 
number. As you can see on the screenshot to the left, by using a public reverse search (411.com (opens in a new window)), we find without any doubt that they’re located in Phoenix, Arizona. Since this information isn’t under their control to change, we conclude all their contact information is accurate. If you want to be really picky here, and you should be if you plan to invest your money in buying Iraqi dinars, pick up your phone and give them a call. For me, all the information I have is more than enough to give the 10 out of 10 mark for the contact information safety check.
Last point on our dinar trading safety list is to find any registrations they might have with organizations such as the Better Business Bureau. The first place to look for this kind of information is their About Us or on the FAQ page. From the FAQ we see they’re registered as a Money Service Business in Phoenix, Arizona with the US Government (http://www.msb.gov/guidance/msbstateselector.php (opens in a new window)), information we could easily verify as you see in the screenshot below:
Upon further research, I was NOT able to find this dinar trader in the Arizona BBB members list (http://www.arizonabbb.org/xmemberroster2.asp (opens in a new window)) neither under the DBA of Ompus, neither under their parent company Work Abroad LLC. As with the testimonials, the fact that they’re not listed with BBB doesn’t mean anything by itself. They could be a perfectly honest dinar trading company, with a high customer satisfaction rate. Just that we don’t have an independent, beyond doubt, source to assess it.
The conclusion? Freedinar.com has successfully passed the dinar trading critical safety checklist.
We’ve been able to prove beyond any doubt freedinar.com is who they say they are. Does this mean YOU will get your dinars should you decide to trade with them? Not necessarily. But should you need to, you will be able to contact them via phone or even in person if any problems arise.
Should you BUY Iraqi dinars from them? I wouldn’t like to say. I’ve helped as much as I could, but this is a question YOU will have to answer. Take into account all the information on Iraqi Dinar Exchange, the exchange rate, shipment and other extra costs, other information, compare them with other reliable Iraqi dinar traders and then make your decision. I’ve tried to present accurate information and interpret the facts as I saw them at the time of writing. But I am only human, and humans make mistakes.
Have you been doing business with the dinar trader featured in this article? Do you have any connections with it? Do you have questions, corrections or additions to this material? Would like to suggest topics for other articles? I’d love to hear back from you. Send me your thoughts. It’s fast, safe and secure. Andy, a prospective Iraqi dinar investor from Korea, took one minute from his time and asked for my help. This article was my response. Yours could be next. But only if you're quick and ask a question now.
Return to Dinar Trading Part 2
