★ BEST INVESTING TOOLS COMPARISON ★
VOL. XCIV, NO. 247
Tool comparison edition
Tool Comparison
FX Replay vs okama
Pick FX Replay instead if
FX Replay
Free • From $17.99/mo · Web
- You care about paper trading and calendar, things okama doesn't offer
Start here
okama
Free · Web · API
- You want an API so you can script or automate things
- You care about quant, portfolio, and correlation, things FX Replay doesn't offer
Skip both if: Neither one clicks with how you research; there are strong third options.
See alternativesOutbound links may include affiliate or sponsor codes.
Our take
The bottom line
FX Replay and okama cover a lot of the same ground (4 shared categories, including backtesting, data visualizations, and risk metrics), so for the basics you won't go far wrong with either. okama simply does more: 10 categories to FX Replay's 6, including quant, portfolio, and correlation. FX Replay counters by keeping things simpler.
What readers say
FX Replay
Vote once to reveal the community verdict.
okama
Vote once to reveal the community verdict.
Key differences at a glance
- API access
- okama
- Free trial
- FX Replay5 days
- Broader coverage
- okama10 vs 6 categories
- Free plan
- Both
See for yourself
How they stack up
The side-by-side table: pricing, platforms, data, and coverage at a glance.ShowHide
How they stack up
The side-by-side table: pricing, platforms, data, and coverage at a glance.| Attribute | ||
|---|---|---|
| Pricing & plans | ||
Starting price | Free • From $17.99/mo | Free |
Free tier | Yes | Yes |
Free trial | 5 days | — |
Plan limits | 11 limits: Intermediate: annual price: $180/year, Intermediate: sessions: 10 +9 more | — |
| Platforms & access | ||
Web app | Yes | Yes |
Mobile app | No | No |
API access | No | Yes |
Broker sync | No | No |
| Audience & fit | ||
Experience level | Beginner, Intermediate, Advanced | Beginner, Intermediate, Advanced |
Best for | — | — |
Categories covered | 6 | 10 |
Regions | North America, Europe, APAC, LatAm, Middle East, Africa | North America, Europe, APAC, Middle East |
| Data & capabilities | ||
Data quality | Latency: End of Day and Granularity: Second, Minute, and EOD | 3 signals: Latency: End of Day and 15-min Delayed, Granularity: EOD +1 more |
Capabilities | Monte Carlo | 4 signals: VaR/ES, Monte Carlo +2 more |
| Try it | Visit FX Replay | Visit okama |
Where each one shines
What FX Replay and okama each do best.ShowHide
Where each one shines
What FX Replay and okama each do best.What FX Replay does best
- Manual backtesting and bar replay with one-minute data, with seconds-level data available on Pro.
- Replay forex, index, energy, agricultural, crypto, futures, and related market sessions from a browser-based workspace.
- Data sourced from Dukascopy and OANDA for FX and CME for futures.
- Tools for running MultiPair sessions when the strategy needs to test several assets at the same time.
- MultiChart layouts, with two charts on Intermediate and unlimited charts on Pro.
What okama does best
- Web widgets for efficient frontier visualization, asset comparison, and adjusted monthly portfolio risk/return analysis.
- Work in Python for constrained mean-variance optimization, multi-period efficient-frontier optimization, rebalancing constraints, and portfolio simulations.
- Analysis of risk with VaR, CVaR, semideviation, drawdowns, volatility, correlations, and related portfolio statistics.
- Tools for running Monte Carlo simulations and wealth-index forecasts with percentile bands for scenario analysis.
- Modeling for contributions and withdrawals when testing portfolio paths, cash-flow assumptions, or retirement-style scenarios.
Every detail we compared
Every tracked attribute for FX Replay and okama, side by side.ShowHide
Every detail we compared
Every tracked attribute for FX Replay and okama, side by side.| Attribute | ||
|---|---|---|
| Coverage & fit | ||
Asset types | CurrenciesFuturesCommoditiesCryptos | StocksETFsCommoditiesCurrenciesMutual Funds |
Experience | BeginnerIntermediateAdvanced | BeginnerIntermediateAdvanced |
Regions | North AmericaEuropeAPACLatAmMiddle EastAfrica | North AmericaEuropeAPACMiddle East |
Coverage details | Exchanges: XCMEIdentifiers: Ticker | Identifiers: Ticker |
| Data | ||
Data freshness | End of Day | End of Day15-min Delayed |
Data granularity | SecondMinuteEOD | EOD |
| Access & integrations | ||
API protocols | Not specified | REST |
API auth & delivery | Not specified | Auth: NoneSDKs: Python |
| Plans & trust | ||
Capability signals | Monte Carlo | VaR/ESMonte CarloRebalancingCorrelation |
Vendor & support | FX ReplayFounded 2022Support: Email and Forum | MBK Development LLCSupport: Forum |
Curation ratings | Methodology 3/5Reliability 3/5UX 4/5 | Methodology 4/5Reliability 4/5UX 3/5 |
Green tags are exclusive to that tool in this comparison.
What you'll actually pay
Plans, billing, trials, and per-month pricing for both tools.ShowHide
What you'll actually pay
Plans, billing, trials, and per-month pricing for both tools.| Tier | ||
|---|---|---|
| Free plan | Free“Beginner” | Free |
| Entry paid plan | $17.99/mo“Intermediate”annual price: $180/year · sessions: 10 · +4 more | — |
| Top plan | $35/mo“Pro”annual price: $350/year · sessions: Unlimited · +3 more | — |
| Free trial | 5 days | — |
Questions we keep getting
What's the difference between FX Replay and okama?
FX Replay leans toward backtesting, paper trading, and data visualizations, while okama puts more weight on quant, data visualizations, and portfolio. They overlap in 4 categories, so for most people it comes down to workflow preference and price.
How much do FX Replay and okama cost?
Good news: both FX Replay and okama have free plans, so you can run them side by side and only pay if you hit a wall.
Does FX Replay or okama have an API?
okama has an API for programmatic access and custom integrations. FX Replay doesn't, so you're working through its interface.
Should I choose FX Replay or okama?
It depends on what you're after. Pick FX Replay if paper trading and calendar matter to you; go with okama if you'd rather have quant and portfolio. And if you only need the basics both share, let price decide.
What asset classes do FX Replay and okama cover?
Both cover currencies and commodities. FX Replay also handles futures and cryptos. okama adds stocks, ETFs, and mutual funds on top.
Can I track my portfolio with FX Replay or okama?
okama handles portfolio tracking. FX Replay is really a research tool; you'd track your portfolio elsewhere.
Keep researching
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Curation & Accuracy
This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).
Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.