Databento vs OANDA
Head-to-head market data API comparison. Updated 2026-05-23.
Overall winner: Databento — wins 4 of 7 comparison axes.
Side-by-Side Comparison
| Feature | 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 asset classes ✓ | 4 asset 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 |
Databento: Best For
- Quant researchers
- HFT developers
- Backtesting engines
- Academic research
Not Ideal For
- Retail traders needing cheap real-time quotes
- Non-technical users
OANDA: 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
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