Choosing the right trading bot can literally be a make or break decision for digital asset traders.

This decision also typically comes pretty early in your trading career, so it’s really worth doing your research to make sure the bot you choose is a good fit for you, your needs, and your risk tolerance.

Out of transparency and respect for our community, we are going to compare BONKbot with one of our biggest competitors - Trojan.

We’ll do our best to keep it objective and unbiased in order to help you decide which is most suitable for you. 

What Is the “Trojan” Trading Bot?

One of the other well-known trading bots is Trojan, a well-known, tier-one Solana trading bot, designed for crypto enthusiasts and traders to automate part of their SOL-based trading activities.

It offers a range of quality features aimed at enhancing trading efficiency and (naturally) profitability.

Some of Trojan’s key features include advanced trading strategies, a well-designed and easy-to-use interface, and robust analytics tools.

The fee structure is also competitive, with a standard trading fee of 1.0% per trade (0.9% with referral) and a bot fee of 0.001 $SOL ($0.2) per buy or sell, as long as the trade goes through.

Trojan Pros

Why does Trojan get so much praise from the trading bot community?

• Easy Setup -  Trojan operates entirely within Telegram, making it accessible without needing software installations (apart from Telegram itself)

  
  

• Robust Features - Offers features like copy trading (copying existing wallets and activity), DCA (Dollar-Cost-Averaging), and automation tools.

  
  

• Referred Income - Encourages passive income through referral programs where users earn rewards from others' trades.

  
  

Trojan Cons

It’s not all good news:

• Custodial Model - Requires depositing Solana assets into its own wallet instead of directly from users' non-custodial wallets or funds.

  
  

• Security Concerns - The use of an ETH-SOL bridge may raise security risks if funds are mismanaged.

  
  

• Community Support - While active community support exists via Telegram groups, some users may hesitate due to anonymity or potential concerns about reliability.

  
  

  
  

BONKBot Key Features

BONKBot is a powerful ally for Solana traders who value speed, simplicity, and community support while acknowledging the trade-offs of its single-chain focus and how a 1% fee for each successful trade can eat into profits over time. 

BONKbot Pros

Why do our users stick around after trying our tools?

• Fast and convenient - BONKBot excels at fast execution, making it ideal for traders looking to move quickly or capitalize on volatility.

  
  

• Simple setup - Operates entirely within Telegram, requiring only a simple Solana wallet setup with funds to initiate trading.

  
  

• Automation features - Supports limit orders, Turbo Mode (for DCA), and Secure Mode (for security concerns) to automate trades.

  
  

• High volume trading - Tracks high volume trades with a 2% round-trip cost

  
  

  
  

BONKbot Cons

While it’s hard to criticize our own platform, we do listen to the BONKbot community and these are some of the frustrations we’ve heard. 

• Single-chain focus - Only works across the Solana blockchain, making it less versatile for traders needing broader options.

  
  

• Reliability concerns - Users may be hesitant due to potential issues with transaction reliability during peak congestion.

  
  

• Support Issues - Some users may face bans or difficulties in seeking technical support due to Telegram's management policies or account issues.

  
  

• Fees - The 2% round-trip cost (1% to buy and 1% to sell) can eat into profits on regular small trades, which is a significant drawback for frequent traders.

Which Is Better: BONKbot or Trojan Trading Bot?

BONKbot and Trojan have both become popular trading bots used by millions of crypto traders.

They have a mixture of similarities and differences that are important to consider when evaluating which is “better”.

Trojan offers a user-friendly interface, advanced trading strategies, and robust analytics. However, it also employs a custodial model where users must deposit funds into the platform's wallet.

This raises some security concerns.

BONKbot also provides powerful features like super-fast trade execution, automation tools, and the tracking of high-volume trades.

It operates entirely within Telegram for easy access and setup.

However, BONKbot only supports Solana based assets (same as Trojan), which limits its versatility compared to multi-chain platforms. It also charges fees at 1% per trade.

Overall, both bots offer compelling functionality for automating crypto trading strategies.

Trojan has an edge in terms of its analytics capabilities and multi-chain support, but BONKbot shines with its speed, simplicity, active community, and lack of custody requirements.

When all factors are weighed up and considered, we believe BONKbot narrowly comes out ahead as the best trading bot.

This is due to the advantages of non-custodial trading and streamlined UX within Telegram, especially for Solana-focused novice traders who value those aspects most highly.

However, the best choice ultimately depends on each trader's specific needs and preferences.

Trojan vs BONKbot Review: Reddit

Of course, we have to say that BONKbot comes out on top - it’s our tool!

So, what do Redditors say on the matter?

Vwpole: bonkbot is faster and still has more users and volume despite not farming users for an airdrop.

Joshh44: I've tested both. I don't know why people say Trojan is faster, it doesn't. Bonkbot is faster and easier to use IMO. 

BONKbot is the fastest and most secure telegram trading bot atm. It has 2FA authentication which will prevent hacker from stealing your funds. Also BONKbot just release their Limit orders. It's the ONLY bot with trailing stop loss and partial fills. Also it's really easy to use and they have amazing support team.

Jomegared: I really enjoy bonkbot as well. Super easy to use! Nice that it’s earned me some bonk too which is doing better than most memes lol.

Final Words

Both Trojan and BONKbot are powerful trading bots with their unique strengths. It’s important to evaluate your trading goals and the features that are most important to you before making a decision.

If you haven't already, try out BONKbot to see for yourself why it has become so popular.