The CEO of SecondMarket, Barry SIlbert is well known for successfully trading a couple of exotic assets. He considered building a company that makes it possible for any investor to unload several varieties of illiquid paper. Through his Brokerage firm, Barry Silbert was able to launch a company that would make hapless investors to go ahead and unload illiquid papers. More so, for the last few years, Silbert has shown interest in the field of trading Bitcoin as well as blockchain markets. Additionally, Barry was the founder of a digital currency group that was able to trade bitcoin profitably and which in turn would serve various institutions and individuals with high net worth. Also, Silbert was among the first people to testify to the financial services of the new York state department about the growth of his bitcoin asset by 1%.
BTC regulatory environment is among the locations where Silbert has been advocating for positive changes. Again, Silbert has actively been participating in establishing several initiatives like lightning network that aid in resolving scalability concerns. If you want to know more about how to find the right brokerage firm such as that of Barry Silbert, continue reading on this platform.
You should be able to distinguish between different brokerage firms that you may find in the market. There are discount brokers and full-service brokers. If you are starting to trade and want to get advice and recommendations, you should look forward to choose a full-service broker. On the other hand, a discount broker will leave you to do whatever you think is right. Increasingly, get to know the fees that get charged by different brokerage firms. When you plan your budget, you will be able to choose a brokerage firm that perfectly suits you. in many cases, brokers provide a common fee structure of charging a commisino per trade depending on the size of the order. Whenever you come across a brokerage firm that has a complicated fee structure that you cannot understand, you should see them as red flags.
Additionally, the choice of a broker should always be determined by your investment style. For instance, be assured whether you want to become a trader or an investor who buys and hold. Always seek to know the reputation of a brokerage firm before you hire them. You should seek recommendations of the best brokerage firm before you invest on anyone. The years that a particular brokerage has been doing business will also help to determine their experience. Ten and above years of activeness will make a particular broker to be experienced enough. Again, you need to know more about their customer support services.