Manage Financial Modeling Prep

How to cancel financial modeling prep and protect your investment in india

Understanding financial modeling prep and why you might want to cancel

Financial Modeling Prep (FMP) is a subscription-based SaaS platform that delivers financial data, APIs, and modelling tools to investors, analysts, and developers across India and globally. The service provides programmatic access to stock market data, cryptocurrency prices, forex rates, and comprehensive financial metrics through tiered subscription plans.

You may use FMP if you're an individual investor analysing stock fundamentals, a fintech developer building applications, or a data analyst requiring historical financial datasets. The platform works through web accounts and can also be accessed via mobile app subscriptions through the App Store or Google Play.

If you've subscribed to FMP but find the service no longer meets your needs, you're paying for features you don't use, or your financial analysis requirements have changed, Stopee is here to guide you through cancelling safely and understanding your rights. This guide walks you through every cancellation method available to you, what happens after you cancel, and how to recover costs if you're eligible.

When cancellation makes sense

You should consider cancelling Financial Modeling Prep if you've exhausted your API call limits and found them insufficient, if you've moved to a competitor platform with better India-specific data coverage, or if your subscription renewal coincides with budget cuts. Cancellation also makes sense when you've upgraded to a higher tier but realised the additional features don't justify the monthly cost in your workflow.

Many users in India cancel because FMP's pricing-billed in US dollars and converted at fluctuating INR exchange rates-becomes expensive during market volatility or when the rupee weakens. If you're in this situation, Stopee recommends documenting your usage patterns before you cancel, so you can justify any refund request or dispute with your payment provider.

Your position as a consumer in india

India's Consumer Protection Act, 2019 protects you if FMP fails to deliver services as promised or if billing charges are unauthorized. Stopee advises you to review your subscription terms: if FMP changed its service level, reduced API call limits, or removed data endpoints you relied on, you may have grounds for a refund or chargeback through your bank or payment gateway.

Keep records of every transaction, API usage screenshot, and support communication. These documents strengthen your position if a dispute arises and you need to escalate to the National Consumer Disputes Redressal Commission or your bank's chargeback department.

How to cancel financial modeling prep on the website

Cancelling your FMP subscription via the web is the most direct method and gives you immediate control over your billing cycle. Follow these steps to downgrade to the free tier, which stops all future charges while preserving your account access and historical data.

Step-by-step cancellation on fmp.com

1. Open your web browser and visit the Financial Modeling Prep website (fmp.com).
   • Ensure you use the same email address you registered with.
2. Sign in to your account using your email and password.
   • If you've forgotten your password, click "Forgot Password" and follow the email reset link.
3. Navigate to your account settings or dashboard.
   • Look for a "Settings," "Account," or "Billing" link, usually located in the top-right corner of the page.
4. Find the "Pricing" or "Plans" section within your account settings.
   • This section displays your current plan tier and available options.
5. Select the "Basic" or "Free" plan from the available options.
   • Do not click "Upgrade"-you are downgrading to stop charges.
   • Pro tip: The free tier includes 250 API calls per day and historical end-of-day data, sufficient for light research or testing.
6. Confirm your plan downgrade by clicking the confirmation button.
   • FMP will display a message stating your plan change takes effect at the end of your current billing cycle.
   • Your paid plan access continues until that billing cycle ends-you do not lose access immediately.
7. Screenshot or save the confirmation message for your records.
   • This proof protects you if FMP charges you again or if you need to dispute a renewal.

Important timing note for website cancellations

When you downgrade to the free plan on FMP's website, your current billing cycle continues without interruption. Your paid subscription ends only after your renewal date passes. For example, if you pay monthly and your renewal date is the 15th of each month, cancelling on the 1st means you retain full access until the 14th, and the free tier begins on the 15th.

Warning: If you cancel just after renewing, you forfeit the full month's payment-FMP's Terms of Service explicitly state that all sales are final. Stopee recommends cancelling immediately after renewal if possible, maximizing the value of your payment before the next cycle begins.

How to cancel financial modeling prep on app store or google play

If you subscribed to FMP through your iPhone, iPad, or Android device, your subscription is managed by Apple App Store or Google Play Store, not by FMP directly. Cancellation must happen through the app store's subscription management interface, and refund policies follow the store's rules, not FMP's.

Cancelling on apple app store (iPhone and iPad)

1. Open the Apple App Store on your iOS device.
   • Do not open the FMP app itself-you manage subscriptions through the store.
2. Tap your profile icon in the top-right corner of the App Store.
   • This is usually a circular avatar or silhouette image.
3. Select "Subscriptions" from the menu that appears.
   • You will see a list of all active subscriptions tied to your Apple ID.
4. Tap on "Financial Modeling Prep" or the subscription matching FMP.
   • If you see multiple subscriptions, verify the price matches your FMP billing amount.
5. Tap "Cancel Subscription" or the red "Cancel" button.
   • Apple will ask you to confirm the cancellation reason-select the option that best matches your situation.
6. Confirm the cancellation by tapping the final confirmation button.
   • Your access continues until the end of your current billing period.
   • Apple sends a confirmation email immediately-check this email to verify the cancellation date.
7. Take a screenshot of the "Subscription Canceled" message and save the confirmation email.
   • Pro tip: Apple allows refunds within 14 days of purchase in India under specific circumstances-if you cancelled within 14 days of a renewal charge, you can request a refund directly through the App Store.

Cancelling on google play store (Android)

1. Open the Google Play Store app on your Android device.
   • Locate the Play Store icon on your home screen or app drawer.
2. Tap the profile icon in the top-right corner of the Play Store.
   • This is usually a circular image with your Google account profile picture.
3. Select "Payments and subscriptions" from the dropdown menu.
   • You may see "Manage subscriptions" as a sub-option-tap this instead if available.
4. Tap "Manage subscriptions."
   • A list of your active subscriptions appears.
5. Locate "Financial Modeling Prep" in the list and tap it.
   • Verify the subscription price matches your known FMP billing amount.
6. Tap "Cancel subscription" at the bottom of the subscription details page.
   • Google Play will prompt you to confirm the cancellation and select a reason.
7. Confirm the cancellation by tapping the final "Cancel subscription" button.
   • Your access ends at the close of your current billing period.
   • Google sends a confirmation email to your registered Gmail account.
8. Save the confirmation email and take a screenshot of the cancellation confirmation.
   • Pro tip: Google Play allows refunds within 48 hours of a charge in India-if you cancelled within 48 hours of an unexpected renewal, request a refund through the Play Store immediately.

What happens after you cancel financial modeling prep

Understanding the post-cancellation timeline helps you avoid service interruptions and plan your transition to another tool if needed. Your account doesn't disappear; it simply reverts to limited free access.

Your access and account status after cancellation

Once your current billing cycle ends, your Financial Modeling Prep account transitions to the free Basic tier. You retain access to your account, login credentials, and any saved dashboards or customized reports you created during your paid subscription.

Your API call limits drop from your paid tier limits to 250 calls per day on the free tier. Historical data access reduces to end-of-day pricing only, meaning intraday charts and real-time tick data become unavailable. Reference data, company fundamentals, and basic financial metrics remain accessible at no cost.

Stopee recommends exporting any essential data, custom calculations, or analysis reports before your cancellation becomes effective. Many users forget this step and lose months of work when they assume their paid-tier data exports automatically after downgrading.

Billing cycles and renewal prevention

When you cancel through the website or app store, no renewal charge occurs at your next billing date. Your credit card or payment method receives no debit, and your bank statement shows no additional FMP transactions after the final paid period ends.

However, Stopee advises you to monitor your bank account for 30 days after cancellation. If an unauthorized charge appears, contact FMP support immediately and escalate the dispute to your bank's chargeback department if FMP does not reverse it within 7 business days.

Refund policy and your options for cost recovery

FMP's official refund policy is restrictive, but you have consumer protections and dispute options that may override the company's stated position in certain circumstances.

FMP's stated refund policy

Financial Modeling Prep's Terms of Service explicitly state that all sales are final and the company does not issue refunds, money-back guarantees, or credits for unused service time. This policy applies to all subscription plans, billing cycles, and payment methods processed directly through FMP.

Once your payment clears and your subscription activates, FMP considers the transaction complete and non-reversible under its own terms.

Refund exceptions and your consumer rights

Despite FMP's no-refund policy, India's Consumer Protection Act, 2019 and your payment method's policies may entitle you to a refund in specific scenarios. Stopee identifies three situations where you may recover costs:

• Service failure or misleading claims: If FMP promised API reliability above 99% and experienced extended outages, or if marketed data coverage proved inaccurate, you have grounds to request a refund via the National Consumer Disputes Redressal Commission.
• Unauthorized charges: If FMP renewed your subscription without your explicit consent or after you cancelled, contact your payment provider immediately. Banks and payment gateways in India must initiate chargebacks for unauthorized recurring charges within 90 days of the charge date.
• Payment method disputes: If you subscribed via credit card, debit card, or services like Google Pay or PhonePe, your card issuer or payment app permits refund requests within 30 to 90 days. Submit a chargeback claim even if FMP refuses a refund-your bank investigates independently.

Refunds for app store subscriptions

Subscriptions purchased through Apple App Store or Google Play Store are governed by the store's refund policies, not FMP's.

Apple allows refunds within 14 days of a charge in India if you can demonstrate the service did not perform as described. Google Play permits refunds within 48 hours of purchase. Both stores process refunds directly to your original payment method, bypassing FMP entirely.

Pro tip: App store refund requests are approved faster than FMP support tickets. If you purchased via an app store and want a refund, initiate the request through the store first-you'll have a decision within 3 to 5 business days.

Financial modeling prep pricing tiers and plan comparison

Understanding the cost structure of each FMP plan helps you decide whether to cancel entirely or downgrade to a lower tier that matches your actual usage and budget constraints.

Pricing table (INR, annual billing)

Understanding the pricing conversion

FMP's official pricing is listed in US dollars. The INR amounts above use an exchange rate of ₹83 per US dollar as a reference point. Your actual billing amount may differ based on the live USD-INR exchange rate on your renewal date, fluctuating your monthly cost by ₹500 to ₹2,000 depending on market conditions.

If currency volatility is a reason for cancellation, Stopee recommends checking whether a competitor offers fixed INR pricing or whether downgrading to the Starter plan reduces your cost burden enough to continue. Many users cancel when the Starter tier jumps in price due to rupee weakness, only to discover they could have downgraded temporarily instead.

Common mistakes when cancelling financial modeling prep

Cancellation missteps cost you money and create confusion-avoid these pitfalls by understanding what trips up most users.

Mistake 1: cancelling at the wrong time in your billing cycle

Many users cancel immediately after paying their renewal, forfeiting the entire month's cost. FMP charges you before you gain access; if you cancel the day after renewal, your paid period is wasted.

Pro tip: Set a calendar reminder 10 days before your renewal date. Cancel 3 to 5 days before renewal, not after. This approach ensures your access ends as your cancellation takes effect, minimizing wasted overlap.

Mistake 2: not saving proof of cancellation

You cancel successfully but forget to screenshot the confirmation or save the email. Three months later, an unexpected FMP charge appears on your credit card, and you have no proof you cancelled. Without documentation, your dispute claim is weaker.

Pro tip: Immediately save the cancellation confirmation email and take a full-page screenshot of your account settings showing the free plan selected. Store these in a folder called "Subscription Cancellations" on your computer or phone. This creates an audit trail.

Mistake 3: confusing website and app store subscriptions

You subscribe to FMP on your iPhone, but you cancel on the website instead of the App Store. Both systems are separate-cancelling one does not cancel the other. Your app store subscription continues to renew, and charges keep flowing.

Pro tip: Check which platform you subscribed through by reviewing your credit card or bank statement. If the charge shows "Apple Inc" or "Google Play Services," cancel through that platform's subscription management interface, not FMP's website.

Mistake 4: assuming free tier data is identical to paid tier data

You downgrade to the free Basic plan, expecting to retain all your custom dashboards and historical analysis. However, free-tier users lose access to intraday data, technical indicators, and corporate calendars. Your saved reports break, and formulas referencing that data fail.

Pro tip: Before cancelling or downgrading, export all custom reports, calculations, and data extracts to CSV or PDF format. Test the free tier's capabilities first by creating a test API call with the free tier's limits. This prevents data loss surprise after you've already transitioned.

Comparison: should you cancel, downgrade, or stay with financial modeling prep

Deciding whether to cancel entirely or downgrade requires honest assessment of your actual usage versus cost. This comparison table helps you evaluate your situation.

Your checklist for a successful cancellation

Follow this checklist to ensure your cancellation is complete, documented, and dispute-proof. Stopee has helped thousands of consumers cancel subscriptions without complications-this checklist is the foundation of that success.

• Identify where you subscribed (website, App Store, or Google Play).
• Export all custom reports, dashboards, and analysis data to CSV or PDF.
• Log in to your account and verify your current billing cycle end date.
• Follow the correct cancellation steps for your subscription source.
• Screenshot the cancellation confirmation and save the confirmation email.
• Add your renewal date minus 3 days as a calendar reminder to verify cancellation took effect.
• Monitor your bank account for 30 days post-cancellation; escalate any unauthorized charges to your bank immediately.
• Test the free tier if downgrading, confirming API limits and data coverage suit your needs.
• Store all cancellation documentation in a folder for future reference if disputes arise.

Final thoughts: cancellation support and resources

Cancelling a subscription you no longer need is your right as a consumer, and Stopee exists to ensure you exercise that right without confusion, delay, or hidden charges. Financial Modeling Prep's no-refund policy is strict, but it is not absolute-your bank, your payment app, and India's consumer protection framework offer recourse if FMP fails to honor its service commitments or charges you after cancellation.

Whether you're downgrading to the free tier to preserve your account for future use or cancelling entirely to switch providers, follow the steps outlined in this guide, document every action, and don't hesitate to dispute unauthorized charges through your payment provider. Stopee has helped thousands of consumers cancel subscriptions confidently, and we're here to support your decision to regain control of your spending and data access.

Document your cancellation, monitor your bank statement, and take action immediately if an unexpected charge appears. Your wallet and your peace of mind depend on it.