Trojan Bot Vs Photon: Trading Review

Cryptocurrency trading can be a lot of fun at times, but often it’s downright confusing. The high learning curve for beginners who want to try out this space can push some to look for alternative entry points, such as automated trading bots.

Two such bots that are frequently mentioned on Reddit as recommended options are Photon and Trojan Bot.

This article will provide you with a comparative review, diving into their features, pros, cons, and ultimately, which might be the better fit for your trading style.

What Is the Trojan Trading Bot?

Trojan Trading Bot is a Telegram-based bot designed for Solana-based meme coin trading.

It has gained popularity for its ease of use and range of accessible on-chain trading features, such as copy trading, dollar-cost averaging (DCA), and a generous referral system.

Key Features:

• Diverse trading options: Basic buy/sell orders, limit orders, DCA, and social/copy trading

  
  

• Cross-chain capabilities: Trojan boasts an ETH-SOL bridge for trading between ecosystems

  
  

• Pump.fun integration: Support for trading new token launches on Pump.fun

  
  

• Referral system: Earn 25-35% of referred users' trading fees (35% if their weekly volume exceeds $10,000), on top of a generous 10% fee discount

  
  

• "Trenches" feature: Spotlights freshly launched tokens via a useful “New Pairs” Telegram feed

  
  

• Backup bots: Seven backup bots to ensure smooth performance

  
  

• Secure Action Password (SAP): Adds an extra layer of protection

  
  

• Fees: 0.1% trading fee (0.09% with a referral link)

  
  

Trojan Pros:

• Intuitive Telegram interface: Beginner-friendly and accessible from within one of the world’s most popular messaging apps (1bn+ users)

  
  

• Robust feature set: DCA, copy trading, limit orders provide advanced options

  
  

• Lucrative referral system: Potential for passive income and fee discounts

  
  

• High trading volume: Suggests reliability, retention and community trust

  
  

Trojan Cons:

• Custodial model: Requires depositing SOL into the bot's wallet, raising security concerns

  
  

• "Trojan" name: May deter some users due to negative connotations based on the historical story

  
  

• Limited to Solana: Primarily focused on the Solana ecosystem (though the ETH-SOL bridge helps)

  
  

  
  

What is the Photon Trading Bot?

Photon markets itself as a cutting-edge solution for cryptocurrency enthusiasts, emphasizing token discovery and lightning-fast transactions.

It has been built with Solana’s high-speed blockchain at its core, and it integrates with popular wallets like Phantom (for Solana) and MetaMask (for many other ecosystems). This versatility is intentional, aiming to cater to a broad range of traders.

Key Features

• Token discovery hub: Offers effective filters for finding new and emerging tokens, especially meme coins

  
  

• Real-time monitoring: Users can find live updates on security and portfolio performance

  
  

• Speed-driven trading: Photon emphasizes fast transaction speeds and execution times

  
  

• Wallet compatibility: Seamless integrations with Phantom and MetaMask

  
  

Photon Pros:

• Lightning-fast trades: There’s a notable speed advantage for active traders

  
  

• Wallet integration: Easy connections with Phantom and MetaMask

  
  

• Token exploration: Robust discovery tool for Solana tokens and meme coins

  
  

• Customizable options: There are many different kinds of adjustable settings for experienced users to make sure everything flows just right

  
  

Photon Cons:

• Withdrawal issues: Redditors have reported difficulty accessing funds

  
  

• Steep fees: High, and sometimes unclear costs

  
  

• Subpar support: Slow or absent customer support

  
  

• Scam suspicions: Widespread allegations and a low TrustScore

  
  

• Opaque security: Lack of clear safety measures

  
  

Which Is Better Photon Or Trojan Trading Bot?

The choice between Photon and Trojan Bot depends largely on you, your priorities, your tastes, and perhaps most importantly, your risk tolerance.

Trojan Bot, with its comprehensive feature set and referral program, is more appealing to those seeking advanced automation and community-driven earnings. Its custodial nature, however, might be a dealbreaker for security-conscious traders who remember the critical rule of crypto - “not your keys, not your cheese”.

As one Redditor we found commented, "I'd rather keep my SOL in my wallet," highlighting the strong preference among experienced traders for non-custodial solutions.

Photon, on the other hand, emphasizes speed and token discovery, potentially attracting risk-tolerant traders focused on speculative Solana gems. However, the numerous complaints about withdrawal issues, hidden fees, and poor support are significant red flags. "Awful support" is a recurring theme on Trustpilot, suggesting a lack of attention to user experience and customer service.

Ultimately, if you value a feature-rich environment with potential for passive income and are comfortable with the custodial wallet model, Trojan Bot might be a good fit. Alternatively, if speed is your primary concern and you're willing to take on slightly more risk, Photon could be an option. Just proceed with caution.

Final Words

Both Photon and Trojan Bot offer unique approaches to Solana trading. 

Trojan Bot provides a more robust and community-driven experience with its DCA, copy trading, and referral perks. However, the custodial model is a serious consideration. 

Photon focuses on speed and discovery, but its reputation and user feedback suggest significant risks. 

Carefully weigh the pros and cons of each before committing your funds.

Want to try BONKbot trading bot?