Bitcoin Forex trading reviewed
4 stars based on
So you're interested in the forex trading and exchange rates services oanda Below you will find an elaborated table containing all results and details we could find online and via each provider's customer services.
To be fair - each of these currency converter APIs provides great services and data! This comparison focuses on pricing, data coverage, API functionality, features and user experience. Alright, let's first talk about data. All of the above currency converter APIs provide more or less accurate exchange forex rates delivered in easy-to-use file formats. While the number of currencies supported, offered quote types and historical rates exception: XE are pretty similar for each one of them, the most significant ratio of difference can be found in data sources and update frequencies.
Customers like to know where the data they are purchasing comes from, which makes it difficult for a service which does not disclose any types of data sources to appear trustworthy. Currencylayer and the XE API both source their exchange rate data from banks and commercial sources, Oanda gets them from its very own trading platform, and Xignite retrieves real-time forex rates through a number of major financial data vendors.
An equally important factor is how often this data is refreshed. Excuse us, we are really focusing on the details here: Now, each provides an SSL endpoint, the possibility to specify a base forex trading and exchange rates services oanda which is the currency to which all other currencies are relative to and to limit the API results to a certain number of currencies.
A slight weak spot in API functionality appears for the XE API, which does not seem to support a separate API endpoint for currency conversion, time-series data or any parameters defining the forex trading and exchange rates services oanda of a currency rate over a specific period - but as mentioned, these features are not absolutely necessary in order to realise at least a substantial part of a currency converter API's potential. Now for the factor that influences most of our decisions, and which also happens to see the largest differences between each provider - the pricing.
A clear thumbs-up for both the currencylayer API and Open Exchange Rates for providing an entirely free subscription plan and keeping their prices low in general. The table says more than a thousand words - take a look at it for the most important pricing components. Although we have done our best researching each currency converter API, we cannot guarantee the content of this website to be entirely correct and free from errors.
Any suggestions, comments or complaints? Overview Full Comparison Code: Get Live Rates Code: Banks, Commercial and many more. Oanda trading platform, many more. Daily or every 60 seconds. Daily, or via raw data feed.