ODL Sec "Broker"

MrLNB

Anyone use them?

I am currently in the process of opening an account. But I'm already thinking of pulling out. I haven't lodge any funds, I'm kinda reluctant to. Gut feelings.

1. constantly ringing me. If i had 3k in the account I wonder would I be treated the same way.

2. No where on the website does it state its commissions and chgs. So when i asked, i received an email, with the chgs for dealing with shares. and shares only, buy and sell chgs.

3. Each time I have brought up something they tell me there is no charge, yet 1 day later its a different story. I was told Fund the account online for free, and then when i went to do it, it was charging me 2%, just to fund it. yet then they stated to me, no its free, then 1 min later, hold on, yeah its a chg from the bank. . . lol. . . .

I asked again, may i have a full list of charges/fees/commissions which i will or i might incurr while I have an account with ODL, and they said yes sure.
2 mins later I had the above email again, just telling me that it will cost x amount to buy and x amount to sell. Thats it.

Then this morn I received an email, "you will incur the below charges on all withdrawals" 25£ or something. but I then received another mail telling me to ignore the previous one, as it was sent in error.

I understand what charges I should normally incur.
But im really cheesed off that they are keeping them from me, probably until its too late. the charges I have come across are only becuase i have forced them to tell me, and thats becuase I am aware of them. But what about the chgs I dont know about. .

Ill think about it over the weekend. But I think ill look else where.

Any references would be a help. . . thought i found a good broker. . .

Thanks,
LNB

strmin

There are plenty decent brokers around. Why would you choose one which gives you hard time from the start?

silverharp

for share dealing I use TD Waterhouse, works for me , they cover most of the larger markets.

MrLNB

strmin wrote: »

There are plenty decent brokers around. Why would you choose one which gives you hard time from the start?

Thanks for taking the time to read the post. but" ... Am . . are you serious:p??

your asking me why i picked a broker that gave me a hard time from the start:eek:??

This is the start:o. . . what are you talking about. I am at the start. . lol. . .

Some people. :rolleyes:. .

Hey if i could predict things, Id keep me investment money, spend €4 on the lotto and live happy:D.

Post a decent response if you posting anything. Don't question my prior opinion/knowledge of this broker before I progressed to opening an account, Why? because I'm too poor to buy a crystal ball;)

Mort5000

I'm sure strmin wasn't actually attacking you MrLNB.
Probably just a rhetorical statement.

I haven't had any experience with this crowd but, by the sounds of things, it would be worth picking a different broker and not having to deal with the fuss.

Good luck

MrLNB

Mort5000 wrote: »

I'm sure strmin wasn't actually attacking you MrLNB.
Probably just a rhetorical statement.

I haven't had any experience with this crowd but, by the sounds of things, it would be worth picking a different broker and not having to deal with the fuss.

Good luck

Yeah I guess, I guess, I was a bit strung up about it when posting this. I guess I am finding it had to do what I thought would have been a simple job, get a broker.
Again, any ideas or references welcome.

oh, since I have got in touch with odl, I have received at least one call everyday, and even today. I gave up answering since last thur. I have no money in the account, but Im closing it. not worth it, this much hassle, and hey im not even trading. . .lol :D