Keyword Search
hoodless brennan
Stockbrokers and Corporate Finance
Telephone 020 7538 1166
.

Online Trading - Internet share dealing

 

 


 

How much does it cost to trade online?

Commission from just £6.50 per trade, making us the UK’s cheapest online trading service.*

 

Back to top

 

 


 

Can I apply online?

Yes. Simply complete the online application form on the site and we will then process your application. This usually takes a few minutes to complete.

 

We use the Equifax database containing the Electoral Roll, BT telephone list and other databases to confirm your identity to satisfy the UK's Money Laundering regulations.

 
Back to top

 

 


 

What documents do I need to apply online?

None. We would only need proof of identity if we are unable to verify your identity via a credit search. If we are unable to verify identity we will ask you to provide further documentary proof.


Back to top

 

 


 

How long does it take to open an account?

If you pass the on-line identity check, an account number is confirmed immediately to you and you can then trade. If you fail we simply ask you to send documents proving your identity and this takes a few days to confirm account details to you.


Back to top

 

 


 

Can I set limits and stop losses free?

Yes, online accounts can set a range of limit orders to help you control your trading. We offer buy, sell, rising buy and stop loss orders free of any extra charge. You pay from just £6.50 commission if a limit executes.


Back to top

 

 


 

When can I start trading ?

Once we have confirmed your account you can deposit money via the WorldPay link using a debit card and be trading in minutes. If you wish to sell shares you already hold these will need to be deposited with us before you can trade, taking an average two weeks.


Back to top

 

 


 

What is the minimum deposit ?

None. We do not have a minimum deposit or balance. You can credit your account immediately via WorldPay before you buy and if you want to sell a share you hold this must be on the account as well before you sell.


Back to top

 

 


 

Do you pay interest on the money you hold ?

Yes! Customers holding cash on their account with us are paid interest at the flat rate of 2%. Interest is calculated daily and credited at the end of each quarter. We reserve the right not to credit interest where the amount would be less than £5 per quarter.


Back to top

 

 


 

How do I retrieve my password and/or account number?

Simply select 'Log-In' from the top menu and then select 'Forgotten Password' and we will e-mail back your password for you.


Back to top

 

 


 

How often do the prices update ?

Prices are refreshed every fifteen minutes. Before you buy or sell stock a real time price will be quoted for you to accept or decline for 15 seconds.


Back to top 

 

 


 

Do you charge inactivity fees?

Your online trading account will remain free to use as long as you trade at least once per quarter, if you do not trade in the previous quarter you will be charged a maintenance fee of £5 inclusive of VAT. 

 

The maintenance fee will be based on your account activity in the previous quarter.


Back to top

 

 


 

What Markets can I buy shares on ?

Currently you can buy and sell shares listed on the London Stock Markets & PLUS Markets only.

 

Over 500 Foreign Companies are traded on the London market - called CREST Depository Interests - and these can traded as UK shares - see Trading in Foreign Shares.

 

If you wish to buy stock on any other markets we can take your order through our Customer Services Team on 0207 510 8649 though these markets cost more and we will advise at the time of dealing.


Back to top

 

 


 

Can you arrange an Individual Savings Account to hold my shares?

We offer an Execution Only Self Select Stocks and Shares ISA. It is also possible to transfer your existing ISAs to us. The application form is all online and takes a few minutes to complete.


Back to top

 

 


 

Can I get access to New Issues and IPO's?

We do offer New Issues and IPO's to our clients - these are listed on our daily Market Comment.


Back to top

 

 


 

How can I view a statement of my Portfolio?

Select 'Portfolio' and print. If you do not have a printer, e-mail us the page and we will print a copy and post it to you.


Back to top

 

 


 

Can I get a print out of my transactions?

Simply select 'Transactions' from the menu and your orders will be displayed. You can choose to show just orders for one day or longer.

 

If you do not have a printer, e-mail us the page and we will print a copy for you.


Back to top

 

 


 

How quickly will my orders be executed?

Immediately. Once you have input your order and confirmed that you wish to trade a price will be offered to you.

 

You have 15 seconds to accept or decline that price.

 

If you accept and you receive a confirmation back the deal has taken place.


Back to top

 

 


 

I deal for an Investment Club. Can I open an account for the Club?

No. Hoodless Brennan services are not available for clubs or groups.


Back to top

 


What security measures do you use on the site ? Is it safe ?

Hoodless Brennan have invested heavily in the very best protection for on-line trading. As security is one of internet users main concerns we have ensured we are at the fore-front of technology.

 

Our site is encrypted to the highest civilian specification available and includes firewalls, 128 bit encryption, password protection and is monitored constantly.


Back to top

 

 


 

Am I insured ?

You automatically have access to the Investors Compensation Scheme in the event of company failure and the safety of your shares being held in nominee accounts.


Back to top

 

 


 

What about my share dividends ?

Any dividends due will be credited automatically to your CREST account and a tax voucher sent to you. You need to keep these vouchers for your annual tax return


Back to top

 

 


 

Do you send me annual company reports and does this cost ?

We send annual reports and any voting requests on all stocks you hold with us free.


Back to top

 

 


 

Can I set Dividend Reinvestment Plans on shares held with you ?

Yes you can, we set up the DRIP for you with the Registrar - acceptance of these is at the Registrar's discretion. We also do not charge for this service.


Back to top

 

 

 

 

*Based on trading £1,000 worth of shares once per month for one year as at 2nd January 2008 by www.moneysupermarket.com