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HOODLESS-------Buyer Beware !!     

sarkee - 20 Dec 2005 10:37

The 5 page write up by Simon Keane (starts on P20) of the current edition of Shares Mag is very revealing & only goes to confirm IMHO that if you swim with sharkes you will get eaten.

The seperate editorial on P6 was also very informative & helpful although stating one should be careful, it does seem to be the law of the jungle out there (kill or be killed), which is not how they present themselves, when one is cold called.

How long will it be before FSA wakes up & takes some real action against them remains to be seen, as this firm has had a very chequered past to say the least.

Q.How many people have been on the receiving end of the telephone transcript (published in the report) from this firm ?? it seems to ring a bell in my mind

There were 6 pages in total on this one controversial firm of brokers how many others have been caught in their web & lost capital in the process ??

sarkee - 29 Dec 2005 14:50 - 83 of 93

SueH Sorry to say there is more than 1 kake merchant operating in this market, time will tell how soon they re start there usual p & d tactics..

SueHelen - 29 Dec 2005 14:55 - 84 of 93

Get your head straight...you have really lost your marbles now with this thread.

sarkee - 29 Dec 2005 15:59 - 85 of 93

SueH Coming from you I take that as a compliment....

amberjane - 10 Feb 2006 12:36 - 86 of 93

Said before I should change my broker, HB are absolutely f**king crap!

sarkee - 10 Feb 2006 12:56 - 87 of 93

But they do not have the monolopy on this accolade !!!!

Andy - 10 Feb 2006 16:13 - 88 of 93

Amberj,

Any particular reason?

amberjane - 10 Feb 2006 23:53 - 89 of 93

Yes Andy, my small trades always seem to be 'too big' to trade online or they are the mm so I have to phone them...am stitched up every time as I never get the online price, they can't buy them for you when you're on the phone to them so you always get it when its ticked up !! and always if you leave a limit they hit it rather than get better. today was fuming, couldnt buy at 73p on line and phoned, she quoted 73p then i saw it tick to 75p before my buy was shown, I phoned her back and she said it had ticked up before she could buy and by the time she had said that it was 77p..disgusting. If she had bought when she quoted me I would be a happy bunny! Too serious a game for a time delay, why else does one want to trade on line in the first place and you lose that control!!!! By the way I have actually calmed down now :>) ......believe it or not!

Kayak - 11 Feb 2006 00:07 - 90 of 93

Amber, when you open a broking account the key question to ask is how many market makers they have online gateways to. Big brokers such as Squaregain/TDWaterhouse will be connected to nearly all, whereas small brokers such as HB are only connected to a small number. This means that when you come to trade online there is a much greater chance that there will be no MMs willing to deal online and they will have to put the order through by telephone, and also a much lesser chance of any price improvement on the displayed spread.

Andy - 11 Feb 2006 00:08 - 91 of 93

Amber,

So although the cost of trading is cheaper, you lose on the prices!

TDW and Squaregain always get within the yellow strip price.

www.share.com 2.50 (batch), or 7.50 (immediate) are better IMO.

amberjane - 13 Feb 2006 12:36 - 92 of 93

Thanks guys, yes will have to find the time to sort myself out, but that share at 77p...now 95p! Just hope they can sell it quicker than they bought it! Not bad for a week-end and I only started re-trading last Wed....but it's only coz the shares gone up i'm happy, not with them obviously :>)

Stan - 25 Jul 2012 23:07 - 93 of 93

Look out there back: http://www.hbmarkets.com/online-share-dealing-and-isas-W21page-14-#charges
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