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Financialmodelingprep Review

Depends

Should I use Financialmodelingprep?

Not disclosed - financialmodelingprep.com

· 3 days ago

Indie developers and hobbyist investors buy this for cheap fundamentals data through one API. Production funds and anyone needing verified data quality picks a stronger provider.

Confidence

Medium. Based on 22 public sources; most review snippets are truncated.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support qualityNo support evidence in reviewed sources
  • Security posture

Pricing

$19/mo ($29 list)

Starter

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed
Free tierYes

Best for

  • Indie quants building models
  • Hobbyist value investors
  • Developers prototyping with AI agents
  • Students learning financial analysis

Not for

  • Production funds needing audited data
  • HFT desks needing tick-level real-time feeds
  • Enterprises needing SOC 2 Type 2 proof
  • Teams that cannot tolerate bad numbers

Gotchas - check before you buy

high

Users report data errors; validate numbers against company filings before production use.

medium

Advertised $19 Starter price contrasts with the $29 list price; confirm renewal terms before subscribing.

medium

Free tier and paid plans carry request limits; check limits against your call volume first.

low

Users hunt for account-sharing partners to cut costs; avoid resold keys.

Pros and cons

Pros

  • Covers statements, ratios, DCF, screener, and 13F in one API.
  • Starter plan costs $19 per month against a $29 list price.
  • Free API tier for testing before paying.
  • SOC 2 Type 1 compliant with a public trust center.
  • Works with Claude through a remote MCP server.

Cons

  • Reddit users report corrupted fundamental data.
  • A 2025 third-party review calls it a data provider disaster.
  • Community threads ask for alternatives over quality concerns.
  • SOC 2 Type 1 only, weaker than a Type 2 audit.

Sources & method

- 12 sources - SOC 2 Type 1 compliant with a SafeBase trust center. No known vulnerabilities found in the sources reviewed.

official x4review x5security x2news x1

Key stats

  • Value for money: 4/5

    Rating

  • $19/mo ($29 list)

    Starting price

  • 12

    Sources

  • Analyzed

  • Value for money: 4/5. Starter costs $19 monthly; users split accounts to save
  • Ease of use: 4/5. Docs, playground, and community Python wrappers exist
  • Feature depth: 4/5. Statements, ratios, DCF, screener, 13F, news endpoints
  • Support quality. No support evidence in reviewed sources
  • Security posture: 3/5. SOC 2 Type 1 only; trust center exists
  • $19/mo Starter plan $29 list price
  • Yes Free tier Free API with limits
  • SOC 2 Type 1 Security SafeBase trust center

Pricing

Starter

$19/mo ($29 list)

  • Entry-level plan
  • Free tier available for testing

Security

SOC 2 Type 1 compliant with a SafeBase trust center.

No known vulnerabilities found in the sources reviewed.

What users say

Reddit traders question data quality and seek alternatives, and a 2025 review title calls the service a data provider disaster.

Full analysis

Based on 22 public sources; most review snippets are truncated.

Cheap fundamentals API for indie quants; user data-quality complaints and Type 1-only SOC 2 make it risky for funds.

Methodology

Based on 22 public sources; most review snippets are truncated.

Read how a report is made.

Sources

  1. Pricing Plans - FMP APIsite.financialmodelingprep.com
    official
  2. Free Stock Market API and Financial Statements API | FMPsite.financialmodelingprep.com
    official
  3. Product security pagefinancialmodelingprep.com
    security
  4. FMP Is Now SOC 2 Type 1 Compliantsite.financialmodelingprep.com
    official
  5. Financial Modeling Prep Trust Center | Powered by SafeBasetrust.financialmodelingprep.com
    security
  6. Financial Modeling Prep Reviewstrustpilot.com
    review
  7. Looking for a provider of fundamental data : r/quantreddit.com
    review
  8. A Financial Modeling Prep API Review & Alternativesquantlabsnet.com
    review
  9. Alternative to FinancialModelingPrep : r/ValueInvestingreddit.com
    review
  10. Remote-MCP-Server - Claude Platform Docsplatform.claude.com
    official
  11. Financial Modeling Prep API Pricing, Free Tier, and Limitsfindmymoat.com
    news
  12. Looking for someone to share FMP : r/ValueInvestingreddit.com
    review

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