Is Trojan on Solana custodial?

Yes. Trojan holds user funds in bot-managed wallets and you trade against a balance rather than owning the underlying on-chain keypair. You can withdraw to an external wallet, but while funds sit in Trojan you don't have direct key control. Subglow generates a dedicated Solana keypair for you with an exportable private key — non-custodial by design.

How do Trojan and Subglow fees compare?

Trojan charges approximately 1% per swap (with variable spread depending on routing). Subglow charges a flat 0.2% per copied trade, routed through Jupiter at best-market price with zero spread markup. On a 100-trade month at 0.5 SOL per trade, that's roughly 0.4 SOL saved in Subglow fees.

Is Trojan faster than Subglow for copy trading?

No. Trojan relies on shared public RPC infrastructure and primarily submits transactions through public mempool. Subglow reads from its own Yellowstone gRPC cluster and ships every copy order as a Jito bundle, which lands atomically in the same slot as the target's transaction. End-to-end latency is typically 200–400ms for Subglow versus 700ms–2s for Trojan.

Does Trojan have a public leaderboard of top traders?

Trojan surfaces some wallet activity inside its Telegram UX but doesn't publish a methodology-transparent leaderboard. Subglow's leaderboard is sourced directly from kolscan.io, ranked by realized PnL across 24h/7d/30d, with public methodology and an SEO-indexed profile page for every tracked wallet.

Should I switch from Trojan to Subglow?

If non-custodial self-custody and lower fees matter, yes. If you rely on Trojan's Telegram-native UX, consider running both in parallel: Subglow for your primary copy-trade allocation (where latency + fees compound) and Trojan for casual Telegram-based discretionary trading.

Subglow vs Trojan

Trojan popularized Telegram-native Solana trading. It's fast to sign up, polished inside Telegram, and widely used. But for copy trading specifically, the custodial model and 1% fee structure matter. Here's the honest comparison.

helenus.io / Trojan Solana — Telegram trading bot with custodial copy trading

Published April 21, 2026 · Canonical: https://subglow.io/copy-trading/vs-trojan

Feature-by-feature

Head-to-head comparison.

Feature	Subglow	Trojan
Custody model	✓Non-custodial, exportable key	Custodial (bot-held wallet)
Protocol fee per trade	✓0.2% flat	~1% + spread
Execution latency (end-to-end)	✓200–400ms (private gRPC + Jito bundle)	700ms–2s (public RPC)
Jito bundle submission	Yes, always on	Optional, manual tip
Public leaderboard with methodology	✓Yes — kolscan.io sourced	No
Per-KOL SEO profile page	✓Yes (/copy-trading/kols/*)	No
Telegram interface	No — web dashboard	Yes (primary UX)
Stop-loss / take-profit per position	Yes (incl. trailing stops)	Yes
Daily loss cap (server-enforced)	✓Yes	No
Pump.fun bonding-curve entries	Supported	Supported
Jupiter routing (best price, no markup)	✓Yes	Yes, with spread
Export private key	One-click export from dashboard	Yes, but account-level, not per-purpose

Custody: the single biggest difference

Trojan stores your SOL in a bot-managed wallet and credits your account balance for trading. Deposits and withdrawals flow through Trojan's infrastructure. This model is convenient — you never see a transaction prompt in your own wallet — but it fundamentally means you're trusting Trojan's custody stack, operational security, and legal exposure with every SOL you leave in the bot.

If Trojan is ever compromised, operates under subpoena, or changes its withdrawal policy, users with large balances are exposed. The 2023–2025 wave of Telegram trading bot exploits (across Unibot, Maestro, and others) made this risk tangible: tens of millions of dollars in user funds were lost because users treated bot balances like self-custody wallets.

Subglow generates a dedicated Solana keypair for every user. The private key lives encrypted on our infrastructure — because the executor needs to sign autonomously while you're offline — but it is exportable to any wallet in one click. This matches the mental model of Phantom or Solflare, not a centralized balance. If Subglow disappeared overnight, you'd sweep the key, move to your main wallet, and carry on.

Fees and the compounding arithmetic

Trojan charges approximately 1% per swap, which sounds small in isolation. The problem is copy trading is high-frequency: if you mirror 3 KOLs and each averages 5 trades per day, that's 15 fills per day × 2 (entry + exit) = 30 taxable events per day × 1% = 30% of per-trade capital per day paid in fees, before slippage.

Subglow's 0.2% flat fee is 5x cheaper on every fill. Same 30 events per day cost 6% of per-trade capital instead of 30%. Over a year of sustained copy trading at 1 SOL average per trade, the fee differential alone is typically 50–100 SOL — large enough to dominate net-PnL comparison between the two platforms.

Where Trojan is still the better choice

Trojan's Telegram UX is genuinely excellent for discretionary trading. If your workflow is scrolling Telegram alpha channels and tapping buy when you see a callout, Trojan makes that a two-tap operation. Subglow isn't trying to compete there — we're a web dashboard focused on automated copy trading, not manual mobile-first sniping.

If you want both — automated copy trading with lowest fees and Telegram-based discretionary trading — most sophisticated users run both. Subglow for the automated strategy, Trojan (or BullX, Photon) for the hands-on plays. The two use cases don't conflict.

Bottom line

For automated copy trading specifically, Subglow is the better choice on every measurable dimension: custody, latency, fees, and MEV protection. Trojan was built for discretionary Telegram trading and it shows.

For Telegram-first discretionary trading, Trojan remains a polished tool. Use the right tool for the right job — but don't pay 1% and accept custodial risk when your goal is to mirror on-chain wallets automatically.

Ready to try Subglow?

Open your non-custodial copy-trade account in under 60 seconds. Free to start, 0.2% per trade, export your key whenever you like.

Start copying See the leaderboard