Polygon.io Review – Are These Tools Worth The Money?

When it comes to trading nowadays, many traders opt for automated options, AIs, and advanced analytical tools. Indeed, these can truly help you be more profitable. However, if you pick the wrong ones or you choose the wrong broker, everything becomes meaningless.

That’s why knowing how to test the tools without the risk of losing your money makes a huge difference. To learn how to do it properly and also if these tools are worth the money, find out in our honest Polygon.io review.

Who Is Behind Polygon.io?

Polygon.io company was founded in 2017 by Quinton Pike, a former employee of Coca-Cola, Google, and CNN. It seems like he formed a team of former colleagues starting with Peter Stacho as COO, Katie Adams as CPO, and financial strategist Damian Heap. Polygoin.io Inc. was registered in the United States and in 2022 the company entered the 5000 fastest-growing companies in the US. 

What traders are interested in the most is regulatory requirements. Luckily or not, trading tool providers don’t have to be regulated anywhere. So, the only detail that determines if you can trust them or not is the reliability of their tools. But what do traders say?

User Experience Reviews

When it comes to Polygon.io reviews the biggest resource of those is Reddit. At least at the moment. Thus, if you check the Trustpilot comments you will find 3 out of  3 negative ones. Not the best start if you like. Another proof that such reviews are not a good sign can be found in our Blink Funding review. 

Nevertheless, the key problem traders are reporting is outdated market data. Consequently, your trades might be more expensive than you expected. Especially if you automate the whole process with the API keys. Another huge disadvantage that ruins the company’s reputation is poor customer support. Generally, these comments won’t attract many users. 

What Does Polygoin.io Offer?

The company offers three types of data files that traders and institutions can implement in their platforms. Starting with the company’s S3 interface to access flat files easily. Also, you can use WebSocket API or SQL to access the data. 

Even though it grants instant access to all the features, there are a few limitations. That’s where the company practically forces you to pay more money to get the maximum out of these tools. In any case, these tools offer market data for all US exchanges, darkpools, US option trades, indices, and currencies. 

What Are Polygon.io Pricing Plans?

Generally speaking, there are no trading tools that will be worth the money if you don’t know how to use them. Therefore, real market data is quite speculative for inexperienced traders. Especially if they have to put aside $200 every month for the full experience.

In any case, with all the plans the company offers, you can get pretty much the same features. Such as: 

• Historical market data
• 100% market coverage
• Reference data
• Fundamentals data
• Corporate actions
• Aggregates
• Technical indicators

The difference between accounts comes from other features like WebSocket, trades, quotes, and flat file downloads. However, the key difference is the delay in live market data. Therefore, you can choose between:

• Basic – Free – End of day data + 2 years of historical data
• Starter – $29/month – 15-minute delayed data + 5 years of historical data
• Developer – $79/month – 15-minute delayed data + 10 years of historical data
• Advanced – $199/month – real-time data + 15 years of historical data 

Business And Education Offers

Another huge part of this company is their business offer. It requires either $1999 monthly or $1599 annually to get their tools integrated and custom-designed for your platform. Also, you can get an enterprise offer with custom prices if you want the most advanced and customized options for your business. 

On the positive side, for these plans, the company offers 50% discounts for startups to boost their business. Thus, after all the Polygon.io Reddit comments about data reliability and poor support, these options might not be the best ones. For more clarity, you may as well compare it to Enlightened Stock Trading. 

How To Test Tools Without Losing Money?

One of the most attractive features is the Polygon.io crypto analysis. Fairly, with its huge volatility you can quickly test out the tools and even make some profits. Thus, there’s also a risk of losing money. The great way to avoid risking your money in the markets and still thriving for profits is to use prop trading-funded account programs.

For instance, UK-based Funded Trading Plus offers funded accounts with up to $200k in the virtual balance and profit split up to 90%. Most importantly, you don’t have to deposit any money to explore all the features. Also, these platforms use top-tier trading software that can help you maximize your results. And if the Polygon.io features truly work, you can quickly become a funded trader there. 

Another reason why Funded Trading Plus is the right choice is a huge pool of satisfied users. With more than 2000 positive reviews on Trustpilot, it’s clear the company is not a joke. Take advantage of prop trading already today and start trading without fear of losing money or getting scammed.   

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