The datasource that Forex.DataHQ use is from FXCM and you may customize the feed to represent bid, mid or ask-type pricing plus also the time stamp (i.e NY EST, GMT). To obtain historical data the user may purchase a 100k plan and receive 100,000 bars of history for back-testing purposes, or other plans such as the 10k or 1k plan. If you have no historical data we would recommend the 100k plan as it provides over 18 months of 5 minute data, and 3 years of 10 minute data.
Currencies offered are those directly obtained from FXCM's platform, namely:
Forex.DataHQ also offer an end of day service at their parent site DataHQ. Here you may subscribe to receive end of day historical data at 1700 NY EST. They provide an extensive daily history going back to January 1, 1991! They offer 39 currency pairs, plus the inverse of each pair totalling 78 pairs.
Forex.DataHQ is our premium forex data of choice. If you use Wealth-Lab Developer and are looking for a good data provider without the high end price tag then be sure to subscribe to this organization's live feed adapter.
There is no other forex signal provider that comes close to this provider. They also provide an adapter into Wealth-Lab Developer, however, as their data is sourced from a large source of forex brokers their data can be a little more "volatile" than other vendors (such as Forex DataHQ which only use one forex broker as their source) .
Another problem to Olsen Data is the price tag. These guys will set you back a minimum of EUR300 for an order, and being a premium forex data provider they know that they can charge such a fee - as they are the only top quality historical forex data providers.
Lastly, don't expect to receive your order soon, wait about 2-3 business days before worrying if they have processed your request.
The great thing about free forex data is that it enables you to analyze your forex system without paying for expensive forex data. However, getting something for free does have some major drawbacks, and one of these drawbacks in generally the ability to have the data customized to the end user. You get what you're given.
Some of the common dangers of using free forex data include: indicative data, and holes (incomplete data). We will begin by providing you with what think is the best of the free forex data providers, the rest we leave up to you to make your own mind on.
Note: Indicative prices are data prices that reflect only an indication of what occurred (if you are looking at historical prices), or what is occurring (if you are looking at live prices). Indicative prices reflect a price of market consensus from various data brokers and dealers the price could reflect either the median (the quantity of brokers/dealers that represent the most common price), or the average price.
Indicative prices visually can be seen as very "noisy" as compared to other price formats. If you were to look at a candlestick chart of an indicative history you would notice that the candlestick bodies would be smaller while the wicks from both ends would be longer as compared to any other form of pricing.
The historical data goes as far back as 2000 and is provided as zipped tick data which you download in individual currency monthly packages. As you can no doubt imagine the collection is quite large to download! They also store a DDE program allowing users who have the ability to receive live streaming tick data.
The data received from FOREX.com seems to be bid pricing straight from their platform.
Hence if you want good reliable FREE forex data, don't be afraid to open up a FOREX.com account.
Forexite provides history spanning since January 2001. The only problems we encountered were that the time stamps were in GMT+1 (which is fine if you live in that part of the world), but difficult if you are testing the effectiveness of economic announcements that are released in NY EST! And... we found many holes in the data.
Altogether we would not recommend this data to anyone, but if you're starting out and want a "feel" of what forex data looks like, sounds like and tastes like then we would choose this data history over the rest below. At all costs try to achieve FOREX.com's free forex history.
While we don't endorse any of the free forex data providers below, we will disclose them to help those to keep as reference in the hope that maybe one day they might see the light and provide us with a better data source!
Other popular forex data providers we list for posterity here. As the forex market continues to grow no doubt the number of historical and live forex data providers will grow too. We have placed our opinion on some initial tests done on some of the forex data providers, whereas on others we have provided just a general comment. We place the following remaining forex data providers in no particular order.
DiskTrading -> Please note that the following review only applies to the forex data supplied by DiskTrading, NOT ALL their data.
Disktrading contains an extensive history spanning 6+ years on the major currencies plus other exotics. Their cost is quite reasonable compared to other providers and they provide data in MetaStock, TradeStation and ASCII format available as well as time stamping the data in NY EST. Unfortunately their forex data is indicative and we noticed several holes inside their history source.
Unfortunately there is only a limited amount of history available and data can only be exported in the 1 hour time frame (or higher). The desktop version is limited in its capacity.
FOREX-HISTORICAL (once HISBASE) -> Hisbase provides bid price historical data giving the user one year of free updates (which we were only able to get 9 months of?!). They have an extensive history of 5 min data on the majors spanning over 4 years in GMT+2 time stamps. Costs are reasonable, and they only provide 5 min, 15 min and Daily time frames. Don't expect much in the way of support, you get what you pay for.
Tick Plus Data -> If you trade the forex market through CMC Forex then I believe that you should be able to obtain historical data since March 2003 from this company. Prices are reasonable, time zones, time stamps are customizable to your data requirements. Data history is CMC Forex's marketable prices (not bid or ask, but a combination of both), therefore even though it may look, feel and quack like indicative data it isn't.
FOREX DATA.BIZ -> This company has been a recent addition to the Forex Data file (thanks Mark!) and from the samples offered by this company the data seems great! It definitely isn't indicative, and for the price they offer for monthly upgrades this company could prove to be a great starting point for those looking to do some research and testing of their forex system.
The content of this site is copyright 2013 Financial Spread Betting Ltd. Please contact us if you wish to reproduce any of it.