Comparing Trading API from 6 Online Forex Brokerages

By Paul | Published: April 14, 2010

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.

Share|

Related posts:

  1. In a forex brokers and trading platforms jumble
  2. Why I am staying with Oanda a while longer before moving to Dukascopy
  3. How to use FX futures to narrow down which forex pair to trade
  4. Not pay trading income taxes through a TFSA trading account
  5. Forex Trading: Income or Capital Gain Tax in Canada?
This entry was posted in Forex and tagged API, broker, programming. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

One Trackback

  1. By Re-learning Java a decade later | Quantisan.com on July 25, 2010 at 12:11 am

    [...] of testing the possibilities to decide what I should use.  Different markets, different brokers, different platforms, and different [...]

Post a Comment

Your email is never published nor shared.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>