You may be wondering if the Dinar guru is a scam. It’s important to remember that it doesn’t actually offer forex trading in Iraqi dinars, and it promises exaggerated returns. It’s a fraud and you should stay away from it. Weigh all the facts and information before investing.
Dinar guru is a scam
You may be wondering if Dinar Guru is a scam or not. It is possible to make money from the Iraqi currency, but you must understand how this currency works. It is a depreciating currency, so you must invest in it carefully to avoid losing your money. It is important to note that the US dollar is going to be worth 1,450 IQD by December 2020. This is because the Iraqi parliament voted to fix a five-year exchange rate.
The dinar is a currency that is a primary monetary unit for countries along the Mediterranean Sea. It is a well-known and respected currency with a long history. There are many reputable resources on the subject, but you must be careful to avoid the scams. While some individuals claim to be Dinar gurus, many are not. There are many ways to recognize whether a Dinar guru is a scam.
One way to recognize if a Dinar Guru is a scam is to look for certain warning signs. For instance, if the Dinar Guru is claiming to make outsized returns in no time, then it is most likely a scam. In addition, there is no guarantee that you will make money with this method. This is because a “Dinar Guru” agent is unlikely to be affiliated with a reputable bank or financial institution.
It promises exaggerated returns
Beware of any Dinar Guru who promotes their investment scheme through unofficial means or promises exaggerated returns. Legitimate Dinar gurus only promote their investment schemes through official websites, and avoid using any other type of marketing tactics. Investing in the dinar through a legitimate online broker is also a good way to avoid falling victim to this scam.
There are several scams surrounding the dinar, including the Dinar Guru. The Dinar Guru claims to have inside information about the dinar, and encourages investors to buy in anticipation of a looming revaluation. Unfortunately, it’s hard to tell if the claims are genuine. Many “gurus” are continuing to offer their services, hoping to reap exaggerated returns. But the vast majority of them are scammers who are out to take advantage of unsuspecting investors.
The typical Dinar Guru scam involves a marketer or agent who claims to know the future value of the IQD. They tell investors that a hypothetical exchange rate of the IQD will make them rich. These scammers often promise returns in the millions, but aren’t real.
It doesn’t offer forex trading in Iraqi dinars
You should avoid Forex trading in Iraqi dinars as it is not a guaranteed investment. There is long-term uncertainty with the country’s economy and exchange rates. In addition, there are many factors that are out of your control, like the instability of Iraq’s government and economy. Using a reliable and credible forex broker can help you avoid these risks and increase your odds of a profitable investment.
The first step in avoiding frauds is learning about the legality of a currency exchange website. Make sure that you are dealing with a registered dealer. A scam site will use a fancy website and add a Registered Dealer logo to make it look more legitimate. However, you should not trust a website that claims to be a Registered Dealer and is registered only to sell Iraqi dinars. You should also read the fine print on the website.
If a “Dinar Guru” advertises themselves through unethical means or promises astronomical returns, it is a scam. The fact is, there are no reliable and established financial institutions that offer forex trading in Iraqi dinars. Furthermore, states such as Alabama and Utah have warned against investing in Iraqi dinars.
It’s a fraud
In order to sell their bogus service, Dinar Guru agents and marketers pretend to have inside information about the future value of the Iraqi dinar. These “gurus” often claim that the dinar will appreciate to a higher value in the future. They promise profits and can charge up to 20 percent markup for their services.
Initially, I was skeptical. The Dinar Guru offered bold promises and talked about revaluing the dinar for $32. But the dinar guru did not seem to be a fraud, and he even acted like an earnest truth seeker, disarming my skepticism. The Dinar Guru was able to sway me by rephrasing official government announcements and news reports in his own words.
Although there is no regulation against investing in the dinar, some Dinar Gurus use unethical methods to sell their schemes. These gurus usually promise exaggerated returns, and some of them even promote their scams through shady websites. Using a legitimate online broker will help you avoid these scams.