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Financial Modeling Prep VS Polygon.io

Compare Financial Modeling Prep VS Polygon.io 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

Polygon.io logo 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.
  • Financial Modeling Prep Landing page
    Landing page //
    2022-04-19
  • Polygon.io Landing page
    Landing page //
    2023-08-18

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    Some users have reported instances of data discrepancies or outdated information, which can be a drawback for those requiring the highest accuracy and timeliness.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.

Polygon.io features and specs

  • Comprehensive Data Coverage
    Polygon.io offers a wide range of financial data, including stocks, forex, and crypto, making it a one-stop solution for financial data needs.
  • Real-time Data
    The platform provides real-time data feeds, which are crucial for traders and financial analysts to make timely decisions.
  • Developer-friendly API
    Polygon.io has a well-documented and easy-to-use API, which simplifies the integration process for developers looking to access financial data.
  • Historical Data Access
    Users can access extensive historical data through the platform, enabling backtesting and historical analysis of financial instruments.
  • Customizable Subscription Plans
    Polygon.io offers various subscription tiers, allowing users to select the level of access that best fits their needs and budget.

Possible disadvantages of Polygon.io

  • Cost
    For some users, the subscription fees may be considered expensive, especially for smaller businesses or individual investors.
  • Data Limits on Free Tier
    The free access tier has limitations on data availability and usage, which might be restrictive for more demanding applications.
  • Learning Curve
    Despite being developer-friendly, there may still be a learning curve for users who are not familiar with APIs or need specific data integrations.
  • Dependence on Internet Connectivity
    As an online service, uninterrupted access to Polygon.io's data depends on a stable internet connection.
  • Potential Overwhelming Features
    With an extensive range of features and data sets, beginners might find the platform overwhelming without clear guidance or use-case examples.

Financial Modeling Prep videos

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Polygon.io videos

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Get Stock Pricing Data From The Polygon.io API For Algo-Trading Using Python

Category Popularity

0-100% (relative to Financial Modeling Prep and Polygon.io)

Financial Modeling Prep

Polygon.io

Finance
42 42%
Finance
58% 58
Currency Exchange
100 100%
Currency Exchange
0% 0
Fintech
27 27%
Fintech
73% 73
Personal Finance
100 100%
Personal Finance
0% 0

User comments

Share your experience with using Financial Modeling Prep and Polygon.io. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, Polygon.io should be more popular than Financial Modeling Prep. It has been mentiond 82 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 (19)

  • 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 $19/month (annually). Source: about 1 year ago
  • What would you like to see in a stock analysis app? (development in progress)
    Hi, I use FMP as my data provider: https://site.financialmodelingprep.com/ , there are a few more comparable providers but FMP is the best for my needs. Source: over 1 year ago
  • 8 things that made me quitting learning programming and developing my first app — and how I overcame them and continued
    Quite some time went by as I read about Financial Modeling Prep, an at this time relatively new finance API, in some online forum. It seemed very promising and suitable, as it was affordable, offered real-time prices, and also covered European assets. Of course, there were also some minor downsides, but more or less, all of my requirements were met, so the project was not dead at all but could finally continue. Source: almost 2 years ago
  • Best source of financial data?
    I use fmp. There are some limitations compared to others. The pros are its easy to integrate via REST and its free to use all thw historicals for reports and price data. Source: about 2 years ago
  • Sources for Historical Market Data
    Another good source is https://site.financialmodelingprep.com/ I only request the financial statements but they also offer historical price quotes and stock prices for 1m candles for the last 50 years. They have a free tier but I do not know if the market data is part o it. Other prices start with 10$/month. I can not tell you if the 1m/1d candles are any good as I am only interested in SEC statements and news so... Source: about 2 years ago
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Polygon.io mentions (82)

  • The use of API on a web app, considered individual or commercial use?
    I am building a web app, and I would like to use the polygon.io API on the back-end to forecast the market sentiment. The individual upgrade is $200, while business upgrade would cost $2000. Would my use of the API considered personal or commercial? Source: about 1 year ago
  • ChatGPT is going to revolutionize the stock market (with data)
    It's worth mentioning that we use polygon.io to provide market information, which has the ability to specify time frames for data. Each ChatGPT call will have the appropriate information at the time it should. We also use a temperature of 0, as we want idempotent predictions. Source: over 1 year ago
  • Good data provider
    I am currently testing the products from Polygon.io . They seem to have everything I need, however I noticed that sometimes prices are not adjusted for splits. I have seen on subreddit that this is a known problem with Polygon (about more than 3 years ago!) so I am wondering about the quality of their data. Source: over 1 year ago
  • 45 DTE: Best Options Report for 6/28/2023
    Polygon.io is our main data source, then we have other auxiliary sources to fill in other details polygon doesn't provide. Source: over 1 year ago
  • Using GPT's Function Calling Capability: Stock Information Demo
    To get the stock price data, we are going to use Polygon,. - Source: dev.to / over 1 year ago
View more

What are some alternatives?

When comparing Financial Modeling Prep and Polygon.io, you can also consider the following products

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

Twelve Data - The simplest and most effective way to access both realtime and historical stock, forex, cryptocurrency data, and over 100 technical indicators.

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.

MYOB AccountRight API - MYOB Developer Resource Centre and API Documentation

Hotstoks - The stock market API powered by SQL.

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