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Financial Modeling Prep VS Twelve Data

Compare Financial Modeling Prep VS Twelve Data and see what are their differences

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Financial Modeling Prep logo Financial Modeling Prep

Access all stocks discounted cash flow statements, market price, stock markets news, and learn more about Financial Modeling. Learn M&A, LBO, DCF, Comps, and Financial Statement Modeling thought concrete examples

Twelve Data logo Twelve Data

The simplest and most effective way to access both realtime and historical stock, forex, cryptocurrency data, and over 100 technical indicators.
  • Financial Modeling Prep Landing page
    Landing page //
    2022-04-19
  • Twelve Data Landing page
    Landing page //
    2023-09-23

Financial Modeling Prep features and specs

  • Comprehensive Data
    Financial Modeling Prep offers a wide range of financial data, including historical data, key financial ratios, and real-time updates, making it a comprehensive tool for financial analysis.
  • User-Friendly Interface
    The platform is designed with an intuitive interface, allowing users to easily navigate through various financial data and analysis tools without extensive technical knowledge.
  • API Availability
    Financial Modeling Prep provides a robust API that developers can use to integrate financial data into their applications, enhancing versatility and accessibility for technical users.
  • Affordability
    Compared to some other financial data providers, Financial Modeling Prep offers cost-effective plans that are suitable for both individual investors and larger financial institutions.
  • Educational Resources
    The site offers various educational resources and tutorials, which can be beneficial for beginners looking to understand financial modeling and data interpretation.

Possible disadvantages of Financial Modeling Prep

  • Data Accuracy
    Some users have reported instances of data discrepancies or outdated information, which can be a drawback for those requiring the highest accuracy and timeliness.
  • Limited Advanced Features
    While offering a wide range of basic and intermediate tools, Financial Modeling Prep may lack some of the more advanced analytics features available in premium platforms.
  • Customer Support
    The platform's customer support services can sometimes be slow to respond or lack comprehensive solutions, which might be a concern for users needing immediate assistance.
  • Customization Limitations
    The platform may have limitations in terms of customization options for specific user needs, potentially hindering highly specialized financial modeling projects.
  • Data Coverage
    While it covers a wide range of markets, there may be gaps in data coverage for less common financial metrics or regional markets, which could limit the scope for some analysts.

Twelve Data features and specs

  • Comprehensive Data Coverage
    Twelve Data provides access to a wide range of financial data including real-time and historical data for stocks, ETFs, mutual funds, indices, and forex, which is beneficial for comprehensive market analysis.
  • Affordable Pricing
    Twelve Data offers a variety of pricing plans, including a free tier with essential features, which makes it accessible to individual developers and small businesses.
  • Ease of Use
    The API is designed to be user-friendly with well-documented endpoints, making it easy for developers to integrate the service into their applications.
  • High Scalability
    Twelve Data offers robust and scalable API solutions that can handle a large volume of requests, suitable for both small projects and large-scale applications.
  • Global Market Coverage
    The platform provides data from global markets, allowing users to access information from multiple exchanges around the world.

Possible disadvantages of Twelve Data

  • Limited Advanced Features
    While Twelve Data offers a wide range of basic and intermediate features, it may lack some of the advanced analytics and tools needed by experienced traders or larger financial institutions.
  • Rate Limits on Lower Tiers
    The free and lower-tiered plans come with rate limits that can be restrictive for users requiring frequent data access or handling high traffic.
  • Dependency on API Availability
    As with any third-party data provider, users are dependent on the API's uptime and reliability, which can impact applications if there are outages or downtime.
  • Potential Data Lag for Free Plan
    Users on the free plan may experience delays or less frequent updates compared to those on paid plans, which can be a drawback for time-sensitive applications.

Financial Modeling Prep videos

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Twelve Data videos

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Twelve Data Demo Review

Category Popularity

0-100% (relative to Financial Modeling Prep and Twelve Data)

Financial Modeling Prep

Twelve Data

Finance
54 54%
Finance
46% 46
Investing
49 49%
Investing
51% 51
Currency Exchange
100 100%
Currency Exchange
0% 0
Finance Data API
46 46%
Finance Data API
54% 54

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare Financial Modeling Prep and Twelve Data

Financial Modeling Prep Reviews

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Twelve Data Reviews

  1. Andrew
    Best API for real-time financial data

    Straightforward to use and powerful API to get financial data in real-time and complete historical data. Best in class Python package.

    🏁 Competitors: Alpha Vantage, Polygon.io
    👍 Pros:    Equity data|Forex|Crypto|Affordable|Reliable

Social recommendations and mentions

Based on our record, Financial Modeling Prep should be more popular than Twelve Data. It has been mentiond 20 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Financial Modeling Prep mentions (20)

  • Show HN: Simple Financial Report and Earnings Calls Aggregator
    Thank you! Yes, I use a 4o-mini model to process earnings calls and quarterly reports to generate basic summaries. If you’re looking for something more developer-focused, have you tried Financial Modeling Prep? It might offer the kind of API access and bulk data you’re looking for. https://site.financialmodelingprep.com/. - Source: Hacker News / 4 months ago
  • Looking for someone to share FMP (financialmodelingprep) API access with
    I'm looking for someone to share the FMP (financialmodelingprep) starter plan, which is normal $19/month (annually). Source: over 1 year ago
  • What would you like to see in a stock analysis app? (development in progress)
    Hi, I use FMP as my data provider: https://site.financialmodelingprep.com/ , there are a few more comparable providers but FMP is the best for my needs. Source: about 2 years ago
  • 8 things that made me quitting learning programming and developing my first app — and how I overcame them and continued
    Quite some time went by as I read about Financial Modeling Prep, an at this time relatively new finance API, in some online forum. It seemed very promising and suitable, as it was affordable, offered real-time prices, and also covered European assets. Of course, there were also some minor downsides, but more or less, all of my requirements were met, so the project was not dead at all but could finally continue. Source: over 2 years ago
  • Best source of financial data?
    I use fmp. There are some limitations compared to others. The pros are its easy to integrate via REST and its free to use all thw historicals for reports and price data. Source: over 2 years ago
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Twelve Data mentions (8)

  • Building a Gold (XAUUSD) Trend Tracker with Python and SQLite
    I am using TwelveData forex API for Extraction of raw data from the financial markets in JSON format. - Source: dev.to / 11 days ago
  • Top 5 Free Financial Data APIs for Building a Powerful Stock Portfolio Tracker ⚡
    Twelve Data provides extensive financial market coverage, making it ideal for those looking for a free API for building a stock portfolio tracker. - Source: dev.to / 3 months ago
  • Webflow Crypto Market Data Ticker
    I'd suggest Twelve Data for the financial data feed, if you have a budget for this: https://twelvedata.com/. Source: over 1 year ago
  • Where can I find a free source of historical S&P500 index data at hourly intervals?
    You can use https://twelvedata.com/ they offer an API and their free plan allows 800 credits a day so over a number of days you could get what you need. Source: about 3 years ago
  • Weekend Discussion Thread for the Weekend of May 06, 2022
    Twelve Data has a free one but don't know how good it is. u/flarmster that's the one I was talking about. Do you know a better one? Source: about 3 years ago
View more

What are some alternatives?

When comparing Financial Modeling Prep and Twelve Data, you can also consider the following products

Plaid - Infrastructure that powers financial technology by enabling applications to connect with users' bank accounts.

Alpha Vantage - Alpha Vantage offers free APIs in JSON and CSV formats for realtime and historical stock and forex data, digital/crypto currency data and over 50 technical indicators.

Bank Account Starter API - This API enables users to open a 360 Savings Account or a 360 Money Market Account.

Polygon.io - Polygon.io offers streaming realtime data for stocks/equities, ETFs, Indecies and Forex/Currencies including crypto currencies. Our Real-Time Stock Data APIs help you build the future on fintech.

FinancialData.net - Stock Market and Financial Data API

Alpaca - Open links from Slack via desktop apps: Notion, Spotify, Zoom, Miro, Telegram, Airtable, Figma and VK.

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