Comparing Trading API from 6 Online Forex Brokerages

Posted on 14 Apr, 2010 in Forex | 0 comments

Choosing a discount broker for forex trading is time consuming. As the forex market is not centralized, choosing a discount broker is sort of like picking a stall in a farmer’s market. They all offer the same product, but prices, features, quality, and services can vary considerably between fx brokerages. One criteria that I consider seriously is the Application Programming Interface (API) offered by the broker.

Most people couldn’t care less about API because they never intend to develop their own automated trading program. However, if this is something that interests you, then I’d like to save you some time here with the following table.

Forex brokers API table

All the dollar values are in U.S. dollar.

I highlighted the important limitation of each API. I have different level of experience with each of these six APIs. As of this writing, I am using JForex from Dukascopy for various personal reasons.

Related posts:

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  2. How to use FX futures to narrow down which forex pair to trade
  3. Towards a broker-agnostic trading system
  4. Forex Trading: Income or Capital Gain Tax in Canada?
  5. Analysing monthly forex trading performance in changing market conditions

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