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Freecurrencyapi.com VS SimpleFX

Compare Freecurrencyapi.com VS SimpleFX and see what are their differences

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Freecurrencyapi.com logo Freecurrencyapi.com

Freecurrencyapi.com is a free, reliable & feature-complete currency exchange rates API. 32 world currencies & daily update rates.

SimpleFX logo SimpleFX

SimpleFX is a powerful CFD trading platform that enables you to trade a variety of financial instruments, including stocks, commodities, indices, and currencies.
  • Freecurrencyapi.com Landing page
    Landing page //
    2022-05-23

The 100% free solution for handling exchange rate conversions. The currency API provides: - Latest exchange rates - Historical rates - Time ranges - 5k Free Monthly Requests - 32 World Currencies - Daily Updates

  • SimpleFX Landing page
    Landing page //
    2023-09-12

Freecurrencyapi.com features and specs

  • Free Access Tier
    Freecurrencyapi.com offers a free tier allowing users to access basic currency exchange rates, making it accessible to individuals and small businesses with limited budgets.
  • Wide Currency Support
    The API supports a wide range of currencies, providing users with the ability to access exchange rates for most global currencies.
  • Easy Integration
    With a simple API structure, developers can easily integrate currency conversion functionalities into their applications or websites.
  • Regular Updates
    The service provides regularly updated exchange rate data, ensuring that users receive the latest information for accurate financial calculations.
  • Scalable Plans
    Freecurrencyapi.com offers scalable pricing plans, allowing users to upgrade based on their evolving data needs and usage requirements.

Possible disadvantages of Freecurrencyapi.com

  • Limited Requests in Free Tier
    The free access tier comes with a limit on the number of API requests, which may not suffice for users with higher data demands or those requiring real-time data.
  • Lack of Historical Data
    The service may not provide comprehensive historical currency data in the free version, limiting users who require historical trends analysis.
  • Potential Downtime
    Like any online service, Freecurrencyapi.com may experience downtime or disruptions, which could affect data availability and application functionality for users.
  • Dependency on External Service
    Using Freecurrencyapi.com means dependency on an external API for crucial data, which can be a concern if the service alters terms or ceases operations.
  • Data Accuracy
    There can be concerns regarding data accuracy and reliability, as exact exchange rates may vary between different service providers.

SimpleFX features and specs

  • User-Friendly Interface
    SimpleFX provides an intuitive and easy-to-navigate platform suitable for both beginners and experienced traders.
  • Wide Range of Assets
    The platform offers a variety of assets to trade, including forex, cryptocurrencies, commodities, and indices.
  • Leverage Options
    SimpleFX offers high leverage options, allowing traders to increase their exposure to the market with a smaller initial investment.
  • No Minimum Deposit
    Users can start trading without the need for a minimum deposit, making it accessible to traders with varying budgets.
  • Demo Account
    Provides a free demo account for beginners to practice trading strategies without risking real money.

Possible disadvantages of SimpleFX

  • Limited Regulation
    SimpleFX is not heavily regulated, which can be a concern for traders looking for high assurance on fund security and legal compliance.
  • Limited Customer Support
    Some users have reported that the customer support can be slow or less responsive in resolving issues.
  • Withdrawal Fees
    Users might incur fees when withdrawing funds, depending on their payment method.
  • Complex Leverage Risks
    While high leverage can amplify gains, it also increases potential losses, which may not be suitable for all traders.
  • Limited Educational Resources
    The platform might not offer as much educational content or analysis tools as other more established trading platforms do.

Freecurrencyapi.com videos

No Freecurrencyapi.com videos yet. You could help us improve this page by suggesting one.

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SimpleFX videos

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SimpleFX Review - Real Customer Reviews

More videos:

  • Review - SimpleFX Exchange Video Review by FX Empire
  • Review - Broker Review: Checking out SimpleFX! Forex, Crypto, and Indices Broker!

Category Popularity

0-100% (relative to Freecurrencyapi.com and SimpleFX)

Freecurrencyapi.com

SimpleFX

APIs
100 100%
APIs
0% 0
Finance
35 35%
Finance
65% 65
Currency Exchange
88 88%
Currency Exchange
12% 12
Investing
0 0%
Investing
100% 100

User comments

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Social recommendations and mentions

Based on our record, Freecurrencyapi.com seems to be more popular. It has been mentiond 2 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.

Freecurrencyapi.com mentions (2)

  • Build a Currency Converter GUI App With Python
    The last thing you'll need is an API key from https://freecurrencyapi.com. I opted for this site as their free-tier was quite good and offered what I needed (at the time of writing). I was not sponsored by them; I just found them when I was looking for a free API to use. - Source: dev.to / 3 months ago
  • 4 free APIs you should know about
    Freecurrencyapi.com is a currency exchange API that offers live and historical rate data from 1999 until today. The API is lightweight and easy to use, providing data for 32 world currencies. - Source: dev.to / almost 3 years ago

SimpleFX mentions (0)

We have not tracked any mentions of SimpleFX yet. Tracking of SimpleFX recommendations started around Mar 2022.

What are some alternatives?

When comparing Freecurrencyapi.com and SimpleFX, you can also consider the following products

Currencyapi.com - Currencyapi.com is a free, reliable & feature complete currency exchange rates API. 170+ world currencies & 60 second update rate.

KOT4X - KOT4X is an online platform for Forex trading, Crypto, and CFD Broker that offers a wide range of tradable assets, including Forex, Cryptocurrencies, Gold, and Oil.

FXRatesAPI - Your Gateway to Real-Time Exchange Rates

FXChoice - FXChoice is an Electronic Communications Networks broker that offers Contract For Differences and Forex trading on the most popular platforms.

Fixer.io - Fixer provides a free, simple, and lightweight API for current and historical foreign exchange rates and currency conversion. The API tracks rates published daily by the European Central Bank.

Trader’s Way - Trader’s Way is an online CFD and FOREX broker that offers a wide range of trading products and services with the best possible trading experience.

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