Compared · checked 11 November 2026
What is the best Refinitiv Eikon alternative for forex traders?
As of 11 November 2026, Refinitiv Eikon has been retired and replaced by LSEG Workspace, which LSEG prices on quote only: a full seat is widely reported at about $22,000 a year, and LSEG's own reported Workflows revenue works out at about $7,532 a user a year on average. WatchTower Terminal covers the macro and FX layer a forex trader uses for $490 a year, or $49 a month after a $10 first month.
We make WatchTower Terminal, and it is not a replacement for LSEG Workspace. It covers the part of it a discretionary FX or index trader opens every day. So the first section is what Workspace does better.
Where LSEG Workspace is better
- Breadth
- Equities, fixed income, credit, commodities, FX and economics on one platform, with decades of history. WatchTower Terminal covers FX, metals, energy and equity indices, and nothing else.
- The newsroom
- Reuters news is built in. Our newswire is cross-checked and graded, but it is not a newsroom.
- Data for building
- Deep data for analysts and quants, with an Excel add-in and APIs to pull it into models. We do not offer an API.
- Messaging and workflow
- Messaging with the rest of the market and institutional workflow tools. We have a members room, not a network.
Where WatchTower Terminal is better
- Price
- $490 a year against a platform priced on quote and widely reported at up to about $22,000 a seat. No contract, and a $10 first month.
- The read, not just the data
- One composite score per market on published weights, for 24 markets, so the macro read and its working are on one screen.
- Bank research made comparable
- Research from 48 institutions broken into direction, conviction and argument, and stacked so the consensus shows.
- Central bank pricing per meeting
- What the market prices for each coming meeting at all 8 central banks, with the history of how it moved.
- Sentinel
- An AI analyst that answers from the terminal's own data.
What each costs
| Platform | Price | What the figure is |
|---|---|---|
| LSEG Workspace | Quoted per seat and feed | LSEG publishes no rate card |
| Eikon, full seat (retired) | About $22,000 a year | Widely reported; Wall Street Prep, April 2025, via marketintelligencetools.com |
| LSEG, average per user | About $7,532 a year | LSEG's Workflows revenue for H1 2026, annualised, over about 350,000 users; agenttrading.ai, not a quote |
| WatchTower Terminal | $490 a year, or $49 a month | Our price; $10 for the first month |
Read on 11 November 2026. Check with LSEG for a quote: its prices depend on the seat, the data feeds and the exchange fees.
The forex-focused alternatives, priced
| Tool | Price | Better than ours at |
|---|---|---|
| Macro Edge | €49 a month, or €468 a year (€39 a month) | A free trial and free public tools, which we do not offer new accounts, a training programme, and central bank speeches and documents kept alongside the data. |
| Macro Terminal | €99 a month, or €990 a year | Its bias score blends technical and macro readings, where ours is macro only, and it puts each headline next to the price move it caused. |
| Forex Fundamentals | Essential €79 a month, Pro €129 a month (incl. VAT), with yearly billing at the same monthly rate | It connects to Claude and ChatGPT directly, includes a 1:1 onboarding call and a fundamentals course, and writes a Week Ahead every Sunday. |
| Prime Market Terminal | $149 a month, or $1,590 a year | Far wider coverage: US single stocks, order flow and footprint charts, charting built in, a squawk voice stream and the retail order book, none of which we carry. |
| EdgeFinder | One payment for lifetime access, listed by third parties at $1,399 (June 2026) and $1,649 (2026), or a 3-payment plan | Pay once and keep it, a longer track record than ours, and sentiment and scanner tools (AAII, put/call, carry, backtests) we do not have. |
Every price is sourced on the full comparison of eleven tools. Against a Bloomberg Terminal: the Bloomberg alternative page.
Questions
Is Refinitiv Eikon still available?
No. LSEG, which bought Refinitiv in 2021, says Eikon has been retired from its product portfolio and replaced by LSEG Workspace, and that Refinitiv no longer exists as a standalone brand.
How much does LSEG Workspace cost?
LSEG publishes no price list: Workspace is quoted per seat and per feed. A full Eikon seat was widely reported at about $22,000 a year (Wall Street Prep, April 2025), and LSEG's reported Workflows revenue for the first half of 2026, annualised over about 350,000 users, works out at about $7,532 a user a year on average. Figures as read on 11 November 2026.
What is a cheaper Refinitiv Eikon alternative for forex?
For the macro and FX research layer, WatchTower Terminal at $490 a year (we make it). Macro Edge (€49 a month), Macro Terminal (€99 a month), Forex Fundamentals (from €79 a month) and Prime Market Terminal ($149 a month) also cover parts of it; all eleven are compared, with sourced prices, at watchtowerterminal.com/best-forex-fundamental-analysis-tools/.
What does LSEG Workspace do that WatchTower Terminal does not?
Breadth: Equities, fixed income, credit, commodities, FX and economics on one platform, with decades of history. WatchTower Terminal covers FX, metals, energy and equity indices, and nothing else. The newsroom: Reuters news is built in. Our newswire is cross-checked and graded, but it is not a newsroom. Data for building: Deep data for analysts and quants, with an Excel add-in and APIs to pull it into models. We do not offer an API. Messaging and workflow: Messaging with the rest of the market and institutional workflow tools. We have a members room, not a network.
Named for orientation only; LSEG does not endorse this comparison. Nothing here is financial advice.