Financial Modeling Prep Reviews 76

I recently signed an Enterprise agreement with FMP for a commercial iOS app I was building. Laith Shawer was my account executive and was helpful in structuring the right plan for my needs. We hit a technical issue shortly after launch that turned out to be a server-side problem on FMP's end. Once escalated it was investigated and resolved. Overall the data quality is excellent and the API coverage for my use case has been solid.

First off in their API documentation you cant even test it properly, Q1-Q4 options for period aren’t even available but its available through the actual API. Only “annual” or “Quarter” can be used in their API real-time test thing. So you have to manually write URL links…whats the point in even having the API real-time
Testing feature then.

Secondly, you can’t even use the “TTM” for income statment, balance sheet or cashflow statement in the paid starter plan. So you can’t even fully test with their initial paid plan… like do you expect me to buy the “ultimate” plan just so I can test if FMP is even good…

Lastly, their data sucks. For too many tickers they got wack revenue numbers, every single other API has similar numbers and FMP is like that one kid in the test who gets x= square root of -1 while everyone else gets x = 5.

Honestly this was such a waste of my time because I tried so hard to make FMP work with my application but it just sucks so bad that I need to go back, pick a different provider, and re-adapt my entire database to their API from FMP’s API.

I’ve been using the enterprise plan for a few years now. Their stable APIs have been especially reliable for back testing and building indicators like moving averages and multi-factor models. Data consistency has been solid, and I haven’t run into major gaps or breaking changes.

I subscribed to Financial Modeling Prep based on their promises of comprehensive market data coverage, quality, and reliability.

After running extensive tests, I quickly discovered that their actual market data coverage was far lower than what they had claimed. Disappointed, I decided to cancel my subscription. When I canceled, I explicitly stated in the cancellation reason that the lack of coverage was the issue. I did not receive an immediate confirmation, but assumed it would come within a day or two.

That was a mistake.

Five months later, I noticed on my bank statements that they had been charging me $140 every single month – even after I had canceled. That's nearly $700 taken from my account for a service I was no longer using and had already rejected.

I contacted my bank and disputed the charges. In response, the company pointed to a clause buried deep in their terms and conditions – something I had never been asked to acknowledge during cancellation. Their policy essentially says they will keep charging you until you receive a confirmation from them. And that confirmation? It never comes.

No legitimate service provider hides behind fine print to keep charging customers who have clearly canceled. This isn't a misunderstanding – it's a pattern. At best, it's deeply deceptive. At worst, it's a scam.

If you value your time, your money, or your trust in financial data providers, stay far away from this company.

I tried their product just for 2 days and I'm disappointed by it so I asked a refund but they told me they can't refund because blabla a line in their policies while their product is 100% API access with 0 cost almost..
I won't recommend it to my community and the people around me in the SaaS community

good easy api but data not accurate, which makes it worthless. i guess good data is expensive. can not rely on this to make investment decisions

I've been using FMP API for 2 years. It's quite stable and there is a lot of data. Pricing is fair & customer support is really good. So far I has a really great experience!

I'm still exploring all the functionalities, but the API already seems very impressive.

Worth it just for the amazing customer support!

Shoutout to Laith and Hannah!

Do not recommend. The company markets a year’s subscription, but buyer beware. No refunds, and their data is garbage.

i am using every day !

the support is reactive and very helpful. really appreciate the data that help in my personal dashboard !

Good support staff, useful information and easy to use API through the well-documented database

Best customer support I've ever experienced in any online service by far. Data quality in fundamentals and earnings is more consistent than any of the retail-targetted competitors that I've tried, e.g., Polygon-Massive/AlphaVantage. Huge plus: if you find an issue in the data, you let them know and it's fixed very quickly. Super happy, I totally recommend!

Genius for data handling via API calls from scripts, without much configuration for data fetching, easy plug and play and therefor very helpful in work processes, which need less complexity for each step in order to have the pipeline in bigger picture seamlessly flowing. Great and very practical collaborator.

Probably the best API there is in that range of pricing. Good data quality overall and support is really helpul and quick to answer. Thank you for your great service.

I used FMP this last year and was satisfied with the product, but ran into an unexpected challenge with my payments/billing. After reaching out, they immediately helped resolve the issue – big shoutout to Hannah and the FMP support team.

Laith was an exemplary point of contact, leaving no question or concern unanswered. The service strikes me as outstanding and exceptionally well-suited to my company.

FMP was very professional and easy to work with. Highly recommend if you’re looking for a comprehensive dataset of the market.

FMP's services and products are comprehensive, timely and accurate.

I like them. They are improving. Just check some of the data with another source and report back to them if anything wrong. At this price, getting data thru APIs is a good deal.