Databento VS OANDA
Head-to-head market data API comparison.
UPDATED 2026-05-27 · 7 axes scored
WINNER · DATABENTO · 4/7 AXES
Quick Decision
▶ PICK DATABENTO IF DATA-API
- Quant researchers
- HFT developers
- Backtesting engines
- Academic research
▶ PICK OANDA IF DATA-API
- Forex algo traders
- FX backtesting (deep history)
- CFD automation
- EA developers
Side-by-Side Matrix
| METRIC | DATABENTO | OANDA |
|---|---|---|
| API Quality | 5/5 | 4/5 |
| Doc Quality | 5/5 | 4/5 |
| Data Latency | tick | tick |
| SDK Languages | 6 languages | 3 languages |
| Free Tier | Yes | Yes |
| Affiliate Program | No | Yes |
| Asset Coverage Breadth | 5 classes | 4 classes |
| Asset Coverage | US Equities · US Futures · US Options · Crypto · FX | Forex · CFDs · Commodities · Indices |
| Historical Depth | 2004–present (varies by dataset) | 2001–present (FX tick and candle) |
| Starting Price | From $0 | $0 |
| Rate Limits | No hard rate limits on historical; live feed by subscription tier | 120 req/sec on REST; no stated limit on streaming |
Asset Class Coverage
Where the two providers overlap and where each has unique coverage.
| ASSET CLASS | DATABENTO | OANDA |
|---|---|---|
| CFDs | — | ✓ Covered |
| Commodities | — | ✓ Covered |
| Crypto | ✓ Covered | — |
| FX | ✓ Covered | — |
| Forex | — | ✓ Covered |
| Indices | — | ✓ Covered |
| US Equities | ✓ Covered | — |
| US Futures | ✓ Covered | — |
| US Options | ✓ Covered | — |
| TOTAL CLASSES | 5 | 4 |
Only Databento
US Equities · US Futures · US Options · Crypto · FX
Only OANDA
Forex · CFDs · Commodities · Indices
Pricing Tier Map
Full tier ladder side-by-side · names and prices as published by each provider · 4 vs 2 tiers.
DATABENTO · 4 TIERS FREE TIER
01
Usage-based From $0
Pay-as-you-go for historical data; no subscription
02
Standard $199/mo
Monthly subscription for individuals and small teams
03
Plus Per-contract
For investment firms and institutional service providers
04
Unlimited Per-contract
Complete historical access for institutional users
▲ Free Tier · $125 in free credits for new users (6-month expiry); usable on historical data
OANDA · 2 TIERS FREE TIER
01
Practice Account $0
Full API access on demo account
02
Live Account Spread-based
Live trading + full historical data API
▲ Free Tier · Free practice/demo account with full API access
Technical Stack Fit
SDK languages and data formats determine integration cost for your existing codebase.
| DIMENSION | DATABENTO | OANDA |
|---|---|---|
| API Types | REST · WebSocket · SDK | REST · WebSocket |
| SDK Languages | Python · Rust · C++ · Go · Java · C# | Python · Java · JavaScript |
| Data Formats | DBZ (native) · CSV · JSON · Parquet | JSON |
| Rate Limits | No hard rate limits on historical; live feed by subscription tier | 120 req/sec on REST; no stated limit on streaming |
| Latency Class | tick | tick |
Fit Profile
DATABENTO · PROFILE DATA-API
Best For
- Quant researchers
- HFT developers
- Backtesting engines
- Academic research
Not Ideal For
- Retail traders needing cheap real-time quotes
- Non-technical users
Full Databento Review
OANDA · PROFILE DATA-API
Best For
- Forex algo traders
- FX backtesting (deep history)
- CFD automation
- EA developers
Not Ideal For
- Equities data
- Crypto beyond CFDs
- Non-FX asset classes
Full OANDA Review
Adjacent Comparisons
Related matchups — same category first, then cross-category for context.
Databento vs Polygon.io (now Massive)OANDA vs Polygon.io (now Massive)Databento vs AlpacaOANDA vs AlpacaDatabento vs IEX Cloud (Discontinued)OANDA vs IEX Cloud (Discontinued)Databento vs FinnhubOANDA vs FinnhubDatabento vs Alpha VantageOANDA vs Alpha VantageDatabento vs Twelve DataOANDA vs Twelve DataDatabento vs EODHD (EOD Historical Data)OANDA vs EODHD (EOD Historical Data)Databento vs FinazonOANDA vs Finazon