Web terminal
Photon review: fees, strengths, weak spots
Photon has been around since 2023 and keeps things simple. It is stable, well documented and easy to learn, but it offers neither a referral discount nor cashback, so you pay the full 1 % on every trade, and it has fallen behind the others on features in 2026.
Solana
1.00 %Fee per side
noneSign-up discount
noneCashback, up to
Your own walletWallet
Where it wins
- Simplest layout of the web terminals
- Around since 2023, stable and well documented
Where it doesn't
- No discount and no cashback: you pay the full 1 % every time
- Fewer new features than the others in 2026
- Ethereum, Base and BNB trading were switched off in 2026; Solana only now
Walkthrough
Play walkthrough
What a round trip costs on Photon
| Buy + sell | Full price | Via sign-up link | Cheapest option |
|---|---|---|---|
| $100.00 trade | $2.00 | $2.00 | $1.90Fomo |
| $500.00 trade | $10.00 | $10.00 | $4.50Fomo |
| $2,000.00 trade | $40.00 | $40.00 | $18.00Fomo |
Platform fee only, entry cashback tier. Run your own numbers on the cost board.
Questions people ask
What does Photon charge?
A flat 1 % per side with no referral discount and no cashback.
Is Photon still worth using in 2026?
It works and it is simple, but on cost alone every other terminal on this page is cheaper once discounts and cashback are applied.