Best 9 Forex APIs to use in 2023

June 16, 2023
Data Expert Lucy
Lucy Kelly Research Analyst at Datarade

Forex trading has become increasingly popular in recent years, and with the rise of technology, traders are now able to access a wealth of information and tools to help them make informed decisions. One of the most important tools for forex traders is an API, which allows them to access real-time market data and execute trades automatically. In this article, we will explore the best forex APIs available on the market today.

What are Forex APIs

Forex API refers to a set of programming instructions that allow developers to access and interact with foreign exchange market data. These APIs provide real-time access to currency exchange rates, historical data, and other market information. Forex APIs are used by traders, financial institutions, and other businesses to automate trading strategies, build custom trading applications, and analyze market trends. They can also be used to integrate forex data into other applications, such as accounting software or financial dashboards. Forex APIs are typically provided by forex brokers, financial data providers, and other third-party vendors.

Main Use Cases of a Forex API

  • Currency Conversion: Forex API can be used to convert one currency to another in real-time. This is useful for businesses that operate in multiple countries and need to make transactions in different currencies.

  • Exchange Rates: Forex API provides access to real-time exchange rates for various currency pairs. This is useful for businesses that need to monitor exchange rates for financial planning and decision-making.

  • Automated Trading: Forex API can be used to develop automated trading systems that can execute trades based on real-time market data. This is useful for traders who want to take advantage of market fluctuations without having to monitor the market constantly.

  • Risk Management: Forex API can be used to manage risk by providing real-time market data that can be used to make informed decisions. This is useful for businesses that need to hedge against currency fluctuations.

  • Financial Analysis: Forex API can be used to perform financial analysis by providing access to historical exchange rates and other market data. This is useful for businesses that need to analyze trends and make informed financial decisions.

Best Forex APIs - Our top picks

Dimension TwelveData Finage Forex API CBonds Forex API
Market Coverage Supports around 100,000 symbols and 250+ exchanges globally Real-time and historical forex data for over 200 world currencies Over 300 pricing sources from the OTC market and world stock exchanges
Latency Average latency of only ~170 ms for all instruments Low latency and high performance Real-time Forex currency pairs rates
Features Comprehensive coverage of physical currency pairs, real-time and historical data Financial fundamentals data, institutional-level connection User-friendly and intuitive across multiple platforms, bond screener, ratings from top global and local agencies
Pricing Simple and transparent pricing model Range of pricing plans starting at $599/month for real-time data and 12-year historical data Flexible pricing plans based on number of requests per month
Overall Review Reliable and feature-rich, extensive market coverage, transparent pricing Comprehensive and reliable, real-time and historical forex data, flexible pricing plans Powerful and reliable, real-time Forex currency pairs rates, user-friendly interface, flexible pricing plans

The Best 9 Forex APIs to use in 2023

Finnworlds offers one of the best forex APIs in the market. Their API provides financial data of all publicly traded companies on all stock markets. The API covers anything that can affect a stock price, and they have it in their database.

General Features

Finnworlds’ forex API covers a wide range of financial data, including analyst ratings, commodity prices, stock market index, bond yields, ETF holdings, mutual fund holdings, search trends, financial statement reports, technical indicators, and more. They also provide real-time and historical candlestick OHLC data, which is useful for technical analysis.

Their API is easy to use and accessible through a REST API with JSON format output. Finnworlds’ financial database updates the moment new information becomes available to the market, and they maintain historical financial data as well as current data.

Pricing

Finnworlds offers four pricing plans: Starter, Developers, Enterprise, and Individual. The Starter plan costs $199 for the first month and $19 per month thereafter. It includes 25,000 calls, 40 calls per minute, and access to all APIs. The Developers plan costs $499 for the first month and $49 per month thereafter. It includes 85,000 calls, 120 calls per minute, and access to all APIs. The Enterprise plan costs $1000 for the first month and $99 per month thereafter. It includes 200,000 calls, 300 calls per minute, and access to all APIs. The Individual plan costs $99 for the first month and $9 per month thereafter. It includes 10,000 calls, 15 calls per minute, and access to all APIs.

Overall Review and Conclusion

Finnworlds’ forex API is a comprehensive and reliable source of financial data. Their API covers a wide range of financial data, and their database updates in real-time. Their pricing plans are affordable and flexible, making it accessible to both individuals and businesses. Overall, Finnworlds offers one of the best forex APIs in the market, and we highly recommend it to anyone looking for a reliable source of financial data.

TwelveData is a leading provider of financial market data and offers one of the best Forex APIs in the industry. With a wide range of features, competitive pricing, and a reputation for reliability, TwelveData is an excellent choice for developers and businesses looking to access Forex data for their applications.

General Features

TwelveData’s Forex API provides comprehensive coverage of physical currency pairs, allowing users to access real-time and historical data for various currency pairs. Here are some key features of their Forex API:

  • Extensive Market Coverage: TwelveData supports a vast number of symbols across different currencies from around the world. With coverage of around 100,000 symbols and support for 250+ exchanges globally, you can access data from various financial markets.

  • Fast and Low-Latency Data: The Forex API leverages real-time data streaming via WebSockets, ensuring ultra-low latency with an average latency of only ~170 ms for all instruments.

Pricing

TwelveData offers a simple and transparent pricing model for their Forex API. You only pay for what you need, with no hidden or implicit fees. Pricing details can be found on their website.

Overall Review and Conclusion

TwelveData’s Forex API stands out for its extensive market coverage, fast and low-latency data, and transparent pricing model. The API provides developers and businesses with the necessary tools to build successful trading systems, fintech products, and research applications. With their commitment to reliability and continuous innovation, TwelveData is a trusted provider in the financial data industry.

In conclusion, if you’re looking for a reliable and feature-rich Forex API, TwelveData is definitely worth considering. Their comprehensive market coverage, low-latency data, and transparent pricing make them a top choice for accessing Forex data. Visit their website to learn more and get started with their API.

If you’re looking for a reliable and comprehensive forex API, Finage Forex API is definitely worth considering. Here’s why:

General Features

Finage Forex API offers a wide range of features that make it stand out from other forex APIs on the market. Some of the key features include:

  • Real-time and historical forex data: With Finage Forex API, you can access real-time and historical forex data for over 200 world currencies. This data is available via WebSockets and APIs, and includes last price, OHLCV, aggregate, LV1 and LV2 market depth data.
  • Financial fundamentals data: In addition to forex data, Finage Forex API also provides financial fundamentals data that can help you gain a better understanding of global exchange charts, forex news, and market status.
  • Low latency and high performance: Finage Forex API offers low latency and high performance, ensuring that you can access the data you need quickly and easily.
  • Institutional-level connection: Finage Forex API provides an institutional-level connection that allows you to access real-time trade price, real-time quote price, forex aggregates, forex imbalances, limit up & downs, and tick data.

Pricing

Finage Forex API offers a range of pricing plans to suit different needs and budgets. The plans start at $599/month for real-time data and 12-year historical data for 2000+ global currency coverage. The most comprehensive plan includes real-time data for 2000+ global currency coverage, 1700+ major crypto coverage, 12-year forex historical data, 7-year cryptocurrency historical data, and unlimited API calls. This plan starts at $899/month.

Overall Review and Conclusion

Overall, Finage Forex API is a reliable and comprehensive forex API that offers a wide range of features and pricing plans to suit different needs and budgets. The API provides real-time and historical forex data, financial fundamentals data, low latency and high performance, and an institutional-level connection. The pricing plans are competitive and flexible, making it easy to find a plan that works for you. If you’re looking for a forex API, Finage Forex API is definitely worth considering.

CBonds Forex API is a powerful tool that provides real-time Forex currency pairs rates. It is one of the best Forex APIs available in the market today. In this review, we will take a closer look at the general features, pricing, and overall performance of CBonds Forex API.

General Features

CBonds Forex API offers a wide range of features that make it stand out from other Forex APIs. Some of the key features include:

  • Real-time Forex currency pairs rates
  • Over 300 pricing sources from the OTC market and world stock exchanges
  • User-friendly and intuitive across multiple platforms
  • Available via Website, Excel Add-in, and Mobile app
  • Detailed descriptive and pricing data for 650K bonds, 76K stocks, and 8K ETFs
  • Powerful bond screener
  • Ratings from the top 3 global ratings agencies, plus over 70 local ones

These features make CBonds Forex API a comprehensive and reliable tool for traders and investors who need accurate and up-to-date Forex rates.

Pricing

CBonds Forex API offers flexible pricing plans that cater to the needs of different users. The pricing plans are based on the number of requests per month, and users can choose the plan that best suits their needs. The pricing plans are as follows:

  • Basic Plan: 500 requests per month
  • Standard Plan: 5,000 requests per month
  • Professional Plan: 50,000 requests per month
  • Enterprise Plan: Customized plan for high-volume users

The pricing plans are affordable and offer great value for money, especially for users who need a large number of requests per month.

Overall Review and Conclusion

CBonds Forex API is a powerful and reliable tool that offers real-time Forex currency pairs rates. Its wide range of features, user-friendly interface, and flexible pricing plans make it one of the best Forex APIs available in the market today. Whether you are a trader or an investor, CBonds Forex API is a must-have tool that can help you make informed decisions and stay ahead of the competition. Overall, we highly recommend CBonds Forex API to anyone who needs accurate and up-to-date Forex rates.

Tradefeeds API offers a comprehensive database of more than 200 technical analysis indicators for stock trading. The API provides data on technical indicators for over 7000 companies traded at the NYSE, Nasdaq, and other stock exchanges. The technical analysis indicator data is available through JSON REST API, Excel, or CSV files. The API is widely used by developers, investors, traders, and researchers to build products for third-party customers, follow stock market trends, and develop projects for the academic community.

Pricing

Tradefeeds API offers flexible pricing plans that cater to the needs of all-sized businesses and entrepreneurial individuals. The pricing plans are based on the number of API requests per month, and the plans start from as low as $49 per month for 10,000 API requests. The API also offers a free trial plan that allows users to test the API’s features and functionality before committing to a paid plan.

Overall Review and Conclusion

Tradefeeds API is one of the best forex APIs available in the market today. The API offers a comprehensive database of technical analysis indicators for stock trading, and the data is available through JSON REST API, Excel, or CSV files. The API is widely used by developers, investors, traders, and researchers to build products for third-party customers, follow stock market trends, and develop projects for the academic community. The API’s flexible pricing plans cater to the needs of all-sized businesses and entrepreneurial individuals, and the free trial plan allows users to test the API’s features and functionality before committing to a paid plan. Overall, Tradefeeds API is a reliable and cost-effective solution for anyone looking to access technical analysis indicators for stock trading.

CryptoIndex API offers a helpful and easy-to-use API that allows users to manage and access crypto assets. The API provides up-to-date information and analytics, including crypto market news, price quotes, real-time trading, and order book information. The API also allows users to display main index information on their website, making it easier for customers to stay informed about the market. Additionally, CryptoIndex API offers widgets, including an index widget, predictions widget, and one coin widget, which are aimed at trading influencers and crypto media owners.

Pricing

CryptoIndex API offers a free plan that includes access to the CryptoIndex Platform, which provides a wide range of up-to-date information and analytics, including index analytics, predictions, live quotes and coin charts, and news analytics. The free plan also includes access to the CryptoForecast.io platform, which simplifies the task of analyzing the market by providing only the necessary information and self-learning algorithms. CryptoIndex API also offers a paid plan that includes additional features, such as access to the CryptoIndex Fund and fresh analytics from CryptoIndex AI every two days.

Overall Review and Conclusion

Overall, CryptoIndex API offers one of the best forex APIs on the market. The API is easy to use and provides up-to-date information and analytics that are essential for making informed trading decisions. The widgets offered by CryptoIndex API are also a great addition, as they allow trading influencers and crypto media owners to receive daily predictions of the top five coins. Additionally, the free plan offered by CryptoIndex API is a great way for users to get started with the API and gain access to the CryptoIndex Platform and CryptoForecast.io platform. Overall, CryptoIndex API is a great choice for anyone looking for a reliable and easy-to-use forex API.

If you’re looking for a reliable and developer-friendly forex API, look no further than CoinAPI. This platform offers a range of features that make it stand out from the competition, including:

General Features

  • Market Data API: CoinAPI collects millions of data points in real-time, providing valuable insights for individuals and businesses.
  • CryptoTick: For non-technical users, CoinAPI offers flat files through its CryptoTick platform, making it easy for researchers to access historical data.
  • EMS Trading API: CoinAPI allows users to connect to multiple crypto exchanges through a single account, centralizing the API order routing process and providing the best pricing across exchanges.
  • Multiple Protocols: CoinAPI delivers three different protocols (REST, FIX, and WebSocket), making it easy to connect to any exchange.
  • Developer-Friendly Interfaces: CoinAPI offers SDKs in 40 languages and great documentation tailored to every endpoint.
  • Low Latency and High Quality: CoinAPI double-checks market symbol details and asset codes to maintain the highest level of quality.

Pricing

CoinAPI offers a range of pricing plans to suit different needs, including a free plan for developers who want to test the platform. Paid plans start at $99/month and offer access to more data points and features.

Overall Review and Conclusion

Overall, CoinAPI is one of the best forex APIs on the market. Its range of features, developer-friendly interfaces, and affordable pricing make it a great choice for developers, analysts, and fintech-driven companies. With access to years of valuable financial data, CoinAPI is a must-have tool for anyone looking to succeed in the cryptocurrency markets.

ForexTester offers one of the best Forex APIs in the market. It is an independent software that is not a trading platform, which makes it a reliable tool for traders to practice Forex, Futures, and Stocks trading. The software is designed to improve trading performance and is 30x faster than other tools in the market.

The software’s speed of testing is one of its most significant features. Traders can test their trading ideas super-fast or slow, and they can spend one evening in backtesting software instead of six months on a demo/live account. The software also allows traders to imitate trading 100% of the time, fast-forwarding unnecessary moments with simulation software.

ForexTester’s API also offers free interactive Forex courses built into the program, which provides comprehensive education for any level of traders. Traders can also manage multiple orders at once with predefined settings, set up commissions, spreads, and swaps for each symbol, and assess the need for order execution based on the risk/reward ratio.

Pricing

ForexTester offers different pricing options for traders. The basic version of the software costs €149, which includes a lifetime license and free basic medium-quality data subscription. The monthly Super Data subscription costs €49.99, and the annual subscription costs €199. Traders can also purchase a lifetime package Super Data for €539, which includes a lifetime subscription to the software and data.

Overall Review and Conclusion

ForexTester’s Forex API is one of the best in the market, offering traders a reliable tool to practice Forex, Futures, and Stocks trading. The software’s speed of testing, free interactive Forex courses, and risk management tools make it an excellent choice for traders of all levels. The pricing options are also reasonable, with different packages to suit traders’ needs. Overall, ForexTester’s Forex API is a highly recommended tool for traders looking to improve their trading performance.