Compare
Photon vs Moby
Photon and Moby side by side — fees, cashback, chains and who holds your keys, plus what a trade actually costs on each.
The two, side by side
| Photon | Moby | |
|---|---|---|
| Each buy/sell | 1 % | 0.75 % |
| Sign-up | none | none |
| Cashback | none | 30 % |
| Keys | You | You |
| Chains | Solana | Solana, Base, BNB, Robinhood |
What one trade costs (buy + sell)
| Your trade | Photon | Moby |
|---|---|---|
| $100.00 trade | $2.00 | $1.50 |
| $500.00 trade | $10.00 | $7.50 |
| $2,000.00 trade | $40.00 | $30.00 |
Platform fee only, entry cashback tier. Run your own numbers on the cost board.
Which one should you pick?
On a $5,000 trade, Moby is the cheaper of the two. Beyond cost it comes down to which fits how you trade — here's each in short.
Photon — The simple one
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.
Moby — Where BullX traders went
Moby, built by AssetDash, became the terminal most BullX traders moved to after the June 2026 shutdown. It's a real mobile app with a smart-money feed, a 0.75 % flat fee, and a wallet whose key you can export. The catch: referral and cashback are paid in the platform's own $MOBY token, so their value moves with the token price.