10 Best Forex Data Providers

December 16, 2020
Data Expert Lucy
Lucy Kelly Research Analyst at Datarade
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Forex is the only financial market to operate 24 hours a day.

There are now an estimated 14 million forex traders around the world, contributing to a daily turnover of $6.6 trillion.

The top traders in the FX market are those armed with the most accurate predictions on currency fluctuation. And the cost calculations provided by FX brokers are far from consistently reliable, often leading to costly trade decisions.

How can traders get reliable data in order to win in the world’s largest and most liquid market?

Forex data providers provide traders with high-grade market analytics for the most reliable data on the FX market. With decades of historical tick data and live bid updates, forex data providers are relied on by traders to create the most profitable strategies.

We’ve compiled a list of the best forex data providers.

The 10 Best Forex Data Providers

FXCM is a leading provider of online FX trading solutions. FXCM gives users access to live forex charts for instruments of their choosing, which can be customized to a specific time period and display format, from candlestick chart to Heikin Ashi.

1Forge provides one of the most powerful forex data APIs, with over 100 tick updates per second and quotes sourced directly from European trading floors. 1Forge’s data covers 700 currency pairs, including cryptocurrency, gold, and silver.

Seeking Alpha is a financial research and analytics company, giving investors access to powerful, alpha-generating intelligence. Seeking Alpha’s coverage of the forex market pulls data from trusted news sources from across the world and is updated by thousands of industry professionals daily.

Cboe is a trading solutions company, offering market data including FX intelligence. Cboe built the first electronic communication network for the institutional forex market. Cboe’s FX data is compiled from anonymized quotes which average more than twenty-five billion dollars of trading volume daily, providing a neutral and representative view.

OANDA is a foreign currency exchange company with over 23 years of experience in the FX market. OANDA’s currency data includes 25 years of historical data points for 38,000 currency pairs, and the OANDA API gives real-time updates for over 200 currencies every day.

Global Financial Data (GFD) is a financial data provider, covering 200 global markets and serving thousands of finance professionals. GFD’s exchange rate data extends back to the 1920s and covers over 100 different global currencies.

xignite offers one of the largest financial data clouds commercially available. The company is integrated with Bloomberg and AWS, delivering global financial insights, including forex intelligence, to millions of global touch points.

Exchange Data International has been a global leader in financial intelligence since 1991. The company’s product ‘FX Option Volatility Data Service’ provides clients with independent FX volatility data on a daily basis, to be used for valuations, portfolio analytics and risk assessment calculations.

Founded in 2014, New Change FX took an innovative approach to FX cost calculation. The company has since won FX-Week awards for its forex data solutions. New Change FX data began with the first NCFX midrates in 2014, and includes every tick since then, supply banks, brokers, and traders with trusted currency intelligence.

TraderMade is a financial market data provider with over 50 years of in-house experience. TraderMade’s live data streaming gives clients access to real-time, trusted forex intelligence. The company’s data products include 65,000 currency pair updates per day, as well as Fibonacci Patterns and Forex Analytics.