When comparing Riot vs Echofin, the Slant community recommends Riot for most people. In the question“What is the best team chat software?” Riot is ranked 6th while Echofin is ranked 39th.
Ranked in these QuestionsQuestion Ranking
Pro Web and mobile (iOS, Android) versions available
Pro Supports text, voice, video
Integrates with Jitsi for multi-party video chats
Pro Uses Matrix, the open communications protocol
Pro Very good and simple interface
Riot has a very simple interface, adding the ability for more unexperienced PC-Users to use it.
Pro Widgets support
Want to watch that flick at YouTube and discuss it at the same time? Have Grafana graphs stacked above your DevOps team chat? Collaboratively edit Google Docs and chat over without switching applications? This is possible with Riot.
Pro Bridges to other networks
You're not confined within Riot's or even Matrix garden, and you don't have to make users of other networks switch to Matrix.
Pro Powerful financial widgets
In-app widgets, such as an economic event calendar and news feed, are available.
Pro Beautiful UI
Pro Talking twitter widget
Pro Chat software specifically for trading teams
Pro Integrated billing solution
Pro Screen sharing
Pro Ability to add pay-to-access content
You can host pay-to-access webinars.
Pro Third-party integrations
For example, you can integrate the app with your MT4 web client.
Pro HD video streaming
Pro Mobile, web and desktop apps
Pro Admins have full moderation and user control
Con Still in active yet early development
There is clearly a User Experience issue esp. in web version which the developers are aware of and are working hard to improve. They've got the concept concrete, so UX won't be an issue in no time. Most often used parts are functional, but some are yet not.
The success of riot depends on how fast the development is, or it'll get outdated too quickly as developers of Signal and Telegram have predicted.