Hoodless Brennan

kevin calver said:

Hi thanks for reply. What is IB is it another Advisary broker? who would you reconmend then?

Thanks kevin

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Jack o'Clubs said:

...but IMO you should be ultra cautious of any advisory services aimed at the retail investor.

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kevin calver said:

I guess I do fall in to the retail numpty area.

Thank you

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Mark200 said:

Hey I found this thread on Google when I was looking for info on hoodlessbrennan. I read through all the complaints and stuff on this thread and the one that was linked to.

I've never invested in stock before in my life, so I'm just looking for a broker that allows me to buy and sell whenever I want. Maybe just a few hundred Euro and see what happens. A lot of the complaints seem to be about the advise hoodlessbrennan has given, but I don't want to sign up for that....if I do sign up for anything, it'd just be the basic online trading.

Would they be ok to trust for the online trading?

I just got the part of signing up where they ask for all of my bank account details, so I really just want to be sure to be sure.I have a second bank account that I've never used, so I might just put a bit of money into that and give them that account number.

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Jack o'Clubs said:

That means none. Advisory services for retail investors should be avoided, in my opinion (someone else might think differently).

To pre-empt your next question: 'why?' - because the service has to be so dumbed down to be saleable to the typical retail numpty that all value is also stripped out.

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kevin calver said:

Hi been trading cfds for little while but looking to trade using a advisary broker I heard that Hoodless Brennan are ok, has any body had some good results/feedback from them or is it all bad news like the rest of cfd advisers.

My experience of dealing with these guys is they are nothing more than a bunch of crooks that are only interested in making money from their clients - if you do a detailed research about them now called hb markets they have numerous complaints against them - dont touch their advisory service - unless you want to lose all your money - complete and utter useless service - you would be better gambling on russian roulette as you would have a better chance of keeping your money.

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Markpark said:

kevin calver said:

Hi been trading cfds for little while but looking to trade using a advisary broker I heard that Hoodless Brennan are ok, has any body had some good results/feedback from them or is it all bad news like the rest of cfd advisers.

My experience of dealing with these guys is they are nothing more than a bunch of crooks that are only interested in making money from their clients - if you do a detailed research about them now called hb markets they have numerous complaints against them - dont touch their advisory service - unless you want to lose all your money - complete and utter useless service - you would be better gambling on russian roulette as you would have a better chance of keeping your money.

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I'm afraid that this reflects my experience also. I have found Hoodless Brennan aka HB Markets to be a greedy, ruthless and dishonest bunch. When I complained about the quality of their recommendations and their failure to keep me informed, their response was as follows:

'I understand your complaint is that you are unhappy with the advice you received and that you were not advised when to sell your holdings. As stated in my previous email and as set out in Section 1 of the firm’s Terms of Business, the service that is offered by the firm, and accepted by you as our client, is that of a limited advisory nature. This means that we will make recommendations to you, advising you on potential purchases that we believe may be in your best interests. You are under no obligation to accept those recommendations, just as we are not obliged to manage your portfolio and our brokers are not required to regularly update you on the performance of your investments. Therefore it was your responsibility to manage your portfolio and if you required any updates or further information on your portfolio it was for you to raise any such requests with the firm'.

However, this was certainly not the tone taken when I had money to spend...Not only was there persistent and relentless hard sell, but, also, firm promises to keep me informed,which, indeed, formed part of the hard sell approach, and it's pretty obvious from the extent of my losses that they couldn't possibly have believed that they were acting in my best interests.

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Markpark said:

kevin calver said:

Hi been trading cfds for little while but looking to trade using a advisary broker I heard that Hoodless Brennan are ok, has any body had some good results/feedback from them or is it all bad news like the rest of cfd advisers.

My experience of dealing with these guys is they are nothing more than a bunch of crooks that are only interested in making money from their clients - if you do a detailed research about them now called hb markets they have numerous complaints against them - dont touch their advisory service - unless you want to lose all your money - complete and utter useless service - you would be better gambling on russian roulette as you would have a better chance of keeping your money.

Click to expand...

I'm afraid that this reflects my experience also. I have found Hoodless Brennan aka HB Markets to be a greedy, ruthless and dishonest bunch. When I complained about the quality of their recommendations and their failure to keep me informed, their response was as follows:

'I understand your complaint is that you are unhappy with the advice you received and that you were not advised when to sell your holdings. As stated in my previous email and as set out in Section 1 of the firm’s Terms of Business, the service that is offered by the firm, and accepted by you as our client, is that of a limited advisory nature. This means that we will make recommendations to you, advising you on potential purchases that we believe may be in your best interests. You are under no obligation to accept those recommendations, just as we are not obliged to manage your portfolio and our brokers are not required to regularly update you on the performance of your investments. Therefore it was your responsibility to manage your portfolio and if you required any updates or further information on your portfolio it was for you to raise any such requests with the firm'.

However, this was certainly not the tone taken when I had money to spend...Not only was there persistent and relentless hard sell, but, also, firm promises to keep me informed, which, indeed, formed part of the hard sell approach, and it's pretty obvious from the extent of my losses that they couldn't possibly have believed that they were acting in my best interests.

Click to expand...