diff --git a/CHANGELOG.md b/CHANGELOG.md
index 38981a8c6..bb4e798ca 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,6 +18,10 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Optimized the get quotes functionality by utilizing the asset profile resolutions in the _Financial Modeling Prep_ service
 - Extracted the footer to a component
 
+### Fixed
+
+- Respected the include indices flag in the search functionality of the _Financial Modeling Prep_ service
+
 ## 2.208.0 - 2025-10-11
 
 ### Added
diff --git a/apps/api/src/services/data-provider/financial-modeling-prep/financial-modeling-prep.service.ts b/apps/api/src/services/data-provider/financial-modeling-prep/financial-modeling-prep.service.ts
index 7c1395a23..2e59acb01 100644
--- a/apps/api/src/services/data-provider/financial-modeling-prep/financial-modeling-prep.service.ts
+++ b/apps/api/src/services/data-provider/financial-modeling-prep/financial-modeling-prep.service.ts
@@ -454,6 +454,7 @@ export class FinancialModelingPrepService implements DataProviderInterface {
   }
 
   public async search({
+    includeIndices = false,
     query,
     requestTimeout = this.configurationService.get('REQUEST_TIMEOUT')
   }: GetSearchParams): Promise<LookupResponse> {
@@ -500,17 +501,25 @@ export class FinancialModelingPrepService implements DataProviderInterface {
           }
         ).then((res) => res.json());
 
-        items = result.map(({ currency, name, symbol }) => {
-          return {
-            currency,
-            symbol,
-            assetClass: undefined, // TODO
-            assetSubClass: undefined, // TODO
-            dataProviderInfo: this.getDataProviderInfo(),
-            dataSource: this.getName(),
-            name: this.formatName({ name })
-          };
-        });
+        items = result
+          .filter(({ symbol }) => {
+            if (includeIndices === false && symbol.startsWith('^')) {
+              return false;
+            }
+
+            return true;
+          })
+          .map(({ currency, name, symbol }) => {
+            return {
+              currency,
+              symbol,
+              assetClass: undefined, // TODO
+              assetSubClass: undefined, // TODO
+              dataProviderInfo: this.getDataProviderInfo(),
+              dataSource: this.getName(),
+              name: this.formatName({ name })
+            };
+          });
       }
     } catch (error) {
       let message = error;