Echo Trading with RJO futures

Discussion in 'Retail Brokers' started by lukas, Feb 25, 2019.

  1. lukas

    lukas

    Has anyone taken part in Echo Trading offered by RJO Futures? Can you really get many followers or is it just a trick to entice "Trade Leaders" to open an account?
     
  2. lukas

    lukas

    So the offer is interesting but the commission rate of $5.50/RT all-in is a killer, if anyone is interested
     
  3. trader18

    trader18

    I am very skeptical of Echo Trading offered by RJO futures. The company that they use to offer this service is Perfectna Inc.

    I looked into Perfectna Inc. and noticed they have been around for the past 10 years. A bit odd of a service that I am just hearing of now, that has been around for 10 years.
     
  4. Cannon_Trading

    Cannon_Trading Sponsor

    We actually offer the same service, called Echo Trading. We just started about 10 months ago.
    If you are a good trader and can show results, followers will come but it takes time, it is not "overnight". Perfectna has a great technology to actually make the "mimicking of the trades" very clean and smooth. There is a lot more that goes into that ( split fills, speed, compliance etc.)
    So to answer the question, how many followers depend on the performance and consistency of the trader as well as the exposure provided - but yes, you are able to charge a monthly fee based on "unit traded".