The fluctuation of currency prices in the Forex market is common. This makes the Forex market unpredictable. As a result, issues such as hardware, internet, or power failures may lead to losses for the investor. A Forex VPS, therefore, comes in handy in these situations. A Virtual Private Server is a virtual computer that can host a copy of a real computer system that can be accessed through other devices. This enables traders to run their Forex trading systems 24 hours a day without interruptions such as power outages.
How Does a Forex VPS Work?
A Forex VPS is of great benefit to you as it can help you remotely access and manage your account even when your computer is off. The process of using a Forex VPS involves the following entities; the Forex trader, Forex broker, and its trading platforms such as MT4 (Metatrader 4), the VPS, and the expert advisors (EAs). A trader first needs to have a Forex broker to help in facilitating the trading activities. A Forex broker that provides VPS hosting is an added advantage. The Metatrader 4 or 5 platform should be downloaded and the EAs uploaded to the Virtual Private Server. With a connection to the Forex VPS, traders can run their trading systems and manage their trades from anywhere.
Benefits of Using a Forex VPS
Forex trading requires maintaining connectivity and having faster execution speeds of trading orders. This is why a Forex VPS is important. Here are some of its benefits;
With the Forex VPS, Forex traders can have remote access to their trading accounts from anywhere using different devices. This is beneficial, for example, to traders who travel to different places and this allows them to manage their positions in the market as though they were using their real computer.
A VPS will run for 24 hours a day. The Forex trading system stays open and as a result, the trader does not have to watch the screen all the time.
Unaffected by System Errors
Virtual Private Servers are not affected by power outages, hardware failures, or system failures. These type of problems can affect physical computers. So this is an advantage to traders as using a VPS allows trading activities to continue even if the physical computer is experiencing technical issues.
Virtual Private Servers are monitored to ensure they are operating efficiently. Measures such as the use of an antivirus application are implemented to keep the systems protected.
Faster Connection Speed
A Forex VPS enables faster execution speeds of trading orders. Hence, this reduces loss from different ways such as slippage.
Factors to Consider When Selecting a Forex VPS
Using a Forex VPS brings a lot of benefits to Forex traders. It is therefore important that traders look for a VPS that can provide them with the best service to suit their needs. The factors to consider before choosing a Forex VPS are as follows;
The Location of the Forex Broker’s VPS
It is imperative to choose a VPS service provider that is located close to the forex broker’s server. This will help in reducing the latency period.
The price between different VPS plans may vary depending on factors such as storage, and other services being offered. Choose the VPS plan that best meets your requirements.
A Forex VPS That Incorporates Forex Trading Platforms
Forex brokers provide trading platforms (MT4 and MT5) for its traders to facilitate trading. Through a Forex VPS, expert advisors designed from the trading platforms can be used to manage the positions taken by the traders.
Regulated Forex Broker
Regulation helps in establishing the Forex brokers that are legitimate and can be trusted. These brokers may provide Forex VPS hosting services. Additionally, through regulation, you may benefit by finding out the Forex broker that can provide the best value in regards to Forex VPS.
A Forex VPS is a great opportunity for traders and has many benefits to help you in your trading strategies. To get started in using a VPS yourself, take a look at the list below of the best VPS offers available.
|Best VPS Providers||Basic Package Offer||Benefits||Website|
|Forex VPS Package|
-1 GB RAM
-30 GB Disk Space
-Windows Server 2008, 2012 or 2016
|*Very Fast Setup|
*Latest Dell Servers in the Netherlands
|Visit Fozzy VPS|
-1300 MB RAM
-25 GB Disk Space
-Windows Server 2012, 2016
|*Added DDOS Protection|
*Direct connectivity to Liquidiy Providers
*Servers match Metaquotes Specs & Requirements
|Visit Beeks VPS|
| Autobroker VPS with MT4|
-2 GB RAM
-40 GB SSD
-Linux-Based with same features as Windows
|*Ready to Trade in 15 Minutes|
*High Speed Network
*Enterprise Grade Equipment
-1 GB RAM
-Windows 2008 R2
|*Data centers in London, New York and Amsterdam|
*Ultra low ping
*High Performance SSD Drives