Frequently Asked Questions
The Perfectna Echo-Trading platform and Back Office tools were built specifically for broker-dealers, FCMs, RFEDs, IB's, and their Investor clients. Perfectna's patent pending technology has been tested on major browsers (desktop/mobile/tablet) for compatibility as well as functionality. Select a question below for more information.
What is Echo-Trading?
Echo trading is a term used to describe Perfectna's patent pending process of taking an actual trade from one account and replicating the same exact trade across multiple accounts. An "Echoer" is someone who chooses to duplicate other traders account activity. An "Echo-Leader" is someone who solicits their account activities for the purpose of allowing others to duplicate their trades.
Is Echo-Trading easy to use?
Simplicity is embedded into the Echo-Trading platform’s DNA. The goal has always been to simplify the experience of picking top performing traders, instead of focusing on the individual stock, commodity or currency. We have created a sleek, user friendly environment without all the confusion, fuss and headaches that come with typical trading platforms.
Where can I open an Echo-Trading account?
In order to open an Echo-Trading account, you must either open a new account, or use your existing account with a partnered brokerage or broker-dealer that is offering Echo-Trading. Please contact Perfectna here for a full list of partnered brokerages.
Is Perfectna a licensed brokerage?
Perfectna is not a licensed brokerage. Perfectna is a SAAS (Software as a Service) based company that develops the technology for retail stock broker-dealers, futures brokers and forex brokers. Perfectna works directly with brokerages, and cannot help individual customers with questions regarding their trading account. We recommend that all questions regarding your account be addressed with your brokerage.
Which broker-dealers & brokerages are offering Echo-Trading?
Perfectna will be updating a list of partnered broker-dealers and brokerages on our home page. Please keep checking in to view our current partnerships. To see if your broker-dealer or brokerage is currently listed, contact us here.
Broker-Dealers, FCMs, RFEDs & IBs
How do I offer my clients Echo-Trading?
If you are a broker-dealer or brokerage and would like more information about offering Echo-Trading as a software for your clients, please click the link here, or click the “Contact” button located above. Once you have filled out the contact form, a Perfectna sales representative will reach out to you shortly.
Does Perfectna offer Echo-Trading to IBs?
Perfectna does offer Echo Trading to I.B.s (Introducing Brokers) on a case by case basis. If you are an I.B., and are interested in offering your clients Echo-Trading, please click the link here, or click theﾠ "Contact Us" button located above. Once you have filled out the contact form, a Perfectna sales representative will reach out to you shortly.
Where do Echo Leaders come from?
Echo-Leaders are traders who have satisfied the required benchmarks to be echoed. Each broker-dealer or brokerage contains their own individual Echo-Leaders, and Echoers. The Echo-Trading platform only allows Echoers to see Echo-Leaders only within the same broker-dealer or brokerage. Each Echo-Leader is required to maintain a passing benchmark score in order to continue as an Echo-Leader. The Echo-Leader may be suspended if they fail to satisfy the minimum benchmark requirements. Please contact your broker-dealer or brokerage for more details on their specific requirements.
What is the average life-span of an echo account?
Through extensive research, Perfectna believes the average life-span of a futures or forex echo account to last 1.5 years of longer. Compare this to the average 6 month life-span of a conventional Futures or Forex account; the Echo-Trading platform is likely to dramatically improve the retention rate of Futures and Forex clients. This can be credited to simplifying the trading process, standardizing proper money management techniques, and duplicating proven strategies versus unproven strategies.
Why should I offer a licensed Echo-Trading platform instead of a 3rd party signal provider?
By using Echo-Trading as a white label solution for your clients’ needs, all data stays secure and private. This eliminates the need to involve a 3rd party signal provider who could potentially reposition your client with a different brokerage that offers higher trade commissions. Your clients will continue to know and trust your brand as you contain and support their needs.
Does Perfectna offer customer support?
Perfectna offers 24/7 broker customer support. Each broker is given a back office where they can input the type and level of support needed to fix any issues that may arise.
Do I need to hire a development team to manage this software?
The broker-dealer or brokerage does not need to hire additional technical staff to manage the Echo-Trading platform as Perfectna handles all hosting, maintenance, updates and support. Each broker-dealer or brokerage should already have a technical product contact for Perfectna to communicate with for all technical topics.
Do I have to pay for non-active echo accounts?
Perfectna’s licensing fee is volume-based, therefore no charges will be made for non-active echo accounts.