When comparing Signal vs Echofin, the Slant community recommends Signal for most people. In the question“What is the best team chat software?” Signal is ranked 2nd while Echofin is ranked 21st. The most important reason people chose Signal is:
Signal uses an advanced end to end encryption protocol that provides privacy for every message every time.
Specs
Ranked in these QuestionsQuestion Ranking
Pros
Pro Provides security and privacy
Signal uses an advanced end to end encryption protocol that provides privacy for every message every time.
Pro Free and open source
Signal is free and open source software, enabling anyone to verify its security by auditing the code. It's the only private messenger that uses open source, peer-reviewed cryptographic protocols to keep your messages safe.
Pro Supports encrypted group chats
Pro Has a desktop app
Signal Desktop can be used on multiple devices and has most features of the Android version, although it still requires you to register with your phone.
Pro Supports sharing of various different media types
Signal supports: emoji, pictures, videos, audio, contacts, any location and GIF.
Pro Note to Self feature
Allows you to "send: messages to yourself and sync to desktop so you can use Signal as a kind of encrypted Pushbullet alternative
Pro You can easily view all media exchanged
You can easily view all media shared in the chat without scrolling back to when it was shared.
Pro Annonymous Sender (Encrypted)
The sender credentials can be encrypted with the rest of the message, leaving only the recipient address readable by the Signal server. Even if Signal wanted they couldn't see who is talking with who by this mean.
Pro Works everywhere in every country
Unlike most messenger apps, Signal works reliably in all countries by securely circumventing internet censorship.
Pro Recommended by Edward Snowden
Edward Snowden uses this messenger and recommends it to everyone who is concerned about his privacy.
Pro Beautiful UI
Pro Powerful financial widgets
In-app widgets, such as an economic event calendar and news feed, are available.
Pro Mobile, web and desktop apps
Pro Ability to add pay-to-access content
You can host pay-to-access webinars.
Pro HD video streaming
Pro Integrated billing solution
Pro Screen sharing
Pro Chat software specifically for trading teams
Pro Admins have full moderation and user control
Pro Talking twitter widget
Pro Third-party integrations
For example, you can integrate the app with your MT4 web client.
Cons
Con Needs access to your phone number and contacts to work
Con Single device
Signal can only be registered to one mobile device at a time. But you can link Signal to Signal Desktop.
Con Servers hosted in the US
A security risk due to National Security letters, which require giving up data to the US state, and making it illegal to disclose that.
Con Unreliable notifications
Sometimes messages won't be received if the Signal app has been closed for a long time or hasn't been opened after booting the device.