Quick picks (based on published facts)
What kind of product is each?
Photon: web trading terminal for fast token trading (supports limit orders). Trojan: Solana trading terminal and Telegram bot (supports limit orders).Which is cheaper?
Published base fees: Photon flat 1% of the initial amount on every buy and every sell, collected in SOL; network and priority fees extra; Trojan 1% per successful trade, with SOL cashback that rises with your Trojan rank; priority fee, optional MEV tip and a refundable ~0.002 SOL token-account fee extra, per Trojan docs. Add network, priority and pool fees and price impact for a fair comparison.
Which chains and devices?
Photon: Solana (Photon also documents an ETH version); web. Trojan: Solana; web terminal and Telegram bot.
Which referral codes give a discount?
Photon: no published discount Trojan: no referral discount published; all users get rank-based cashback
Who should pick which?
Choose based on device, need for limit orders and analytics, and how much hand-holding you want. Test both with a small amount.
How to stay safe on any of them
Use only official apps and domains, enable 2FA on the login you use, test a small withdrawal early, verify token contract addresses, and never share login codes or private keys. Treat DMs offering bots or bigger discounts as scams.
Verified fees side by side
| Item | Fee | Status | Source, last verified |
|---|---|---|---|
| Trade (each buy or sell) | 1% of the amount, collected in SOL | confirmed | Photon docs: Photon fees (SOL) checked 2026-10-15 |
| Referral discount for invited users | not published | unverified | Photon docs: Photon fees (SOL) checked 2026-10-15 |
Every row links to the platform's own page and shows the date we last checked it. Fees change; the fee shown in the app before you confirm is what applies.
| Item | Fee | Status | Source, last verified |
|---|---|---|---|
| Trade (each successful trade) | 1% | confirmed | Trojan docs: FAQs checked 2026-10-15 |
| Cashback | SOL cashback rising with Arena rank (rate per rank not stated on the FAQ) | confirmed | Trojan docs: FAQs checked 2026-10-15 |
| Token-account fee | about 0.002 SOL, refundable after you sell | confirmed | Trojan docs: FAQs checked 2026-10-15 |
| Priority fee and MEV bribe | set by you, paid to validators/Jito | confirmed | Trojan docs: FAQs checked 2026-10-15 |
| Referral discount for invited users | not published | unverified | Trojan docs: FAQs checked 2026-10-15 |
Every row links to the platform's own page and shows the date we last checked it. Fees change; the fee shown in the app before you confirm is what applies.
Bottom line
Photon is a web terminal with a flat 1% per side; Trojan charges 1% per successful trade and pays SOL cashback that grows with your Arena rank, and adds a Telegram bot. For a casual trader the cost is close; heavy Trojan users get some fee back. Run your size through the true-cost calculator.
Independent guide, not affiliated with Photon. Affiliate link: we may earn a share of fees.
Frequently asked questions
Which is cheaper?
Published base fees: Photon flat 1% of the initial amount on every buy and every sell, collected in SOL; network and priority fees extra; Trojan 1% per successful trade, with SOL cashback that rises with your Trojan rank; priority fee, optional MEV tip and a refundable ~0.002 SOL token-account fee extra, per Trojan docs. Add network, priority and pool fees and price impact for a fair comparison.