Quick picks (based on published facts)
What kind of product is each?
Axiom: desktop-first trading terminal and self-custody wallet (supports limit orders). Photon: web trading terminal for fast token trading (supports limit orders).Which is cheaper?
Published base fees: Axiom starts at 1%; volume tiers pay SOL cashback so net fees run from 0.95% (Wood) to 0.75% (Champion); Photon flat 1% of the initial amount on every buy and every sell, collected in SOL; network and priority fees extra. Add network, priority and pool fees and price impact for a fair comparison.
Which chains and devices?
Axiom: Solana, BSC, Ethereum; perps on Hyperliquid; web (axiom.trade). Photon: Solana (Photon also documents an ETH version); web.
Which referral codes give a discount?
Axiom: 10% discount on trading fees Photon: no published discount Axiom referral code ยท Photon referral code
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.
Sources
Updated 2026-10-12 ยท How we test
Frequently asked questions
Which is cheaper?
Published base fees: Axiom starts at 1%; volume tiers pay SOL cashback so net fees run from 0.95% (Wood) to 0.75% (Champion); Photon flat 1% of the initial amount on every buy and every sell, collected in SOL; network and priority fees extra. Add network, priority and pool fees and price impact for a fair comparison.