Financial Modeling Prep (FMP) vs FRED (Federal Reserve Economic Data) comparison

Financial Modeling Prep (FMP) focuses on Screeners, Data APIs, and News while FRED (Federal Reserve Economic Data) specializes in Inflation Rates, Unemployment Rates, and GDP. They overlap in 8 categories, so choose based on your preferred workflow and pricing.

Good news—both Financial Modeling Prep (FMP) and FRED (Federal Reserve Economic Data) offer free plans. You can try each platform without commitment and only pay when you need premium features.

FRED (Federal Reserve Economic Data) has a mobile app so you can check your research on the go. Financial Modeling Prep (FMP) is web-only, so you'll need a browser to access it from mobile devices.

Yes, both platforms offer API access for developers and quants who want to build custom integrations or automate their workflows.

Choose Financial Modeling Prep (FMP) if you need Multi‑asset data coverage via a single API: equities, ETFs, mutual funds, indexes, forex, crypto, commodities, macroeconomic indicators, ESG and ownership datasets, organized into Market Data, Fundamental & Company Data, News & Calendar Data, Advanced Data, Ownership and Other Markets., and Real‑time quotes plus intraday (1‑minute, 5‑minute, 30‑minute, 1‑hour) and end‑of‑day historical bars for stocks and other assets; Premium and Ultimate tiers add intraday chart endpoints, technical indicators and up to 30+ years of history, with Ultimate including 1‑minute intraday charting and full historical access.. Go with FRED (Federal Reserve Economic Data) if 800,000+ economic data series from 100+ sources, covering topics such as GDP, prices/inflation, employment, exchange rates, and interest rates., and Browse and track data via categories, releases, sources, and tags; series pages show metadata like units/frequency and “last updated / next release” fields. better fits how you invest.

Both cover Other. Financial Modeling Prep (FMP) also includes Stocks, ETFs, Mutual Funds, Funds, Currencies, Cryptos, and Commodities.

Financial Modeling Prep (FMP) offers real-time data feeds, which is essential for active traders. FRED (Federal Reserve Economic Data) uses delayed or end-of-day data, which works fine for longer-term investors who don't need up-to-the-second quotes.

Both platforms let you export data to spreadsheets (JSON). This is useful for custom analysis or record-keeping.

Financial Modeling Prep (FMP) includes a stock screener for finding investment ideas. FRED (Federal Reserve Economic Data) focuses on other analytical tools.