A Trader's Guide to Forex VPS Services

If you have been trading for a while, chances are that you might have come across forex VPS service. This could be either via advertisements or questions posted in a trading forum.

Regardless of which way you have come across this, forex VPS service might have piqued your curiosity.

This detailed guide on how to use a forex VPS service walks you through the nuances of using a forex virtual private server.

At the end, it is up to you, the trader to decide whether you need to use a forex VPS service or not. Many at times, traders can fall into the hype of using a VPS service.

However, after paying the fees and after a certain duration of time, you may realize that there is no longer a need for forex VPS service.

Before you go ahead and pay that money to purchase a forex VPS service, read this guide on Forex VPS. It will help you understand whether you really need to make use of a VPS service or not to trade forex.

How does the VPS service in forex work?

The VPS service in forex trading is a type of a virtual computer hosted on a remote server. It makes use of the data center facilities.

This facility allows the subscriber to access the physical hardware just by using an Internet connection.

A good professional forex VPS service needs to be backed up by strong data centers to allow their customers to use the services.

A reliable data center is also important to maintain the data integrity and prevent any potential downtimes.

For forex traders to connect to their VPS service platform, traders simply have to login via their computer.

This can be through an application called remote desktop.

You can access the remote desktop from your Windows, Mac or Linux operating systems.

These days, there are also some apps you can use from your mobile phones to access remote desktops.

What is VPS service in forex?

Forex VPS service is used by forex traders in order to run their expert advisors and other automated trading solutions on the trading platform.

Using a forex VPS service, forex traders make use of a dedicated server that runs 24 hours a day without any interruptions.

This dedicated server runs in dependently from the traders on computer and does not require any further efforts from the trader themselves.

To use a forex VPS service, traders subscribe to a VPS service that allows them access to a remote server. This remote server behaves like your desktop. The only difference is that it is a remote computer.

VPS service in forex is charged differently depending on the capabilities. You can get forex VPS service for as cheap as $5 and as expensive as up $200 if not more, per month.

The main benefit of using VPS service in forex is that traders can run their professional expert advisors or other automated trading solutions without any interruptions.

Is forex VPS right for you?

There could be many reasons for a trader to consider making use of a forex VPS service rather than using their home computer.

Here we list out some of the benefits and reasons why a forex VPS might be right for you.

24/7 Access: A Forex VPS service gives you access to your remote desktop 24 hours a day, seven days a week. This also means that you can connect to your remote desktop from anywhere and not just your home
Automated trading: If you're making use of automated trading services such as expert advisors, then you might need to keep your trading terminal running 24 hours a day. This is done so as not to miss out on any market movements while you are away from your desktop.
Good security and Internet connection: depending on the level of service offered by your 4X VPS service provider, you can expect good security and Internet connections. This means that if you live in an area where Internet connectivity cannot be trusted, then connection disruptions might impact the performance of your automated trading strategy.
A dedicated computer: In a forex VPS service, you are using all the computing power in the remote server for running your trading platform. this leads to a higher performance of your trading platform and therefore better execution off the trades from your automated trading strategies.
Location: Depending on where your VPS server is located, you may also see better trade executions. Although not very noticeable when it comes to retail forex CFD trading, this can be a great way to reduce the slippage.

What to consider when choosing a forex VPS server?

Just as you would explore all the different features before buying a new car or even a mobile phone, it is the same when choosing a 4X VPS server.

There are many things that are traders should pay attention to when selecting a forex VPS service provider. However, things can get a bit technical. And this is where traders can start to ignore some of the features that may be lacking.

No matter how tech savvy you are, below are some of the simple things forex traders sound consider choosing a forex VPS service.

Performance of the server

In the world of VPS hosting, many service providers make use of a technology called virtualization. This allows the service provider to compartmentalize and to split their resources between their users. What this means for you as a trader is that if there is another user using too many resources, it will impact the performance of the others.

Latency

In technical terms, latency is defined as the amount of time it takes between a user action and the server response.

In forex trading world, latency is nothing but the amount of time it takes for your order to reach your broker’s server. If you are purchasing a forex VPS service that is hosted in a geographically far away location, latency will be an issue.

If you are curious about latency, read this basic article to understand what it means. You can then apply this concept into the forex markets.

Flexible Subscription plans

When looking for a 4X VPS service, traders should pay attention to the subscription plans. If the forex VPS service provider does not allow you flexible plans, then you may be stuck with the service.

By flexible VPS plans, we mean that the ability to upgrade and downgrade depending on the resources that you consume.

Forex VPS service uptime

If you want to buy a forex VPS service, then you should pay attention to the uptime of the service provider as well. While most forex VPS service providers claim a 99.9% uptime, this may not be the case.

If you are really serious about your forex trading, then you should ask your forex VPS service provider to actually provide you some logs to prove that their uptime is indeed 99.9%.

Service Level Agreements from the forex VPS service provider

It may be the case that many forex VPS service providers may not be that comfortable in sharing their logs with you.

This may be true if you're subscription plan is going to be quite low.

There is no incentive for the forex VPS service provider to take the extra effort. In such a case, look on the forex VPS service providers website to find the service level agreement.

The service level agreement is simply a document that will tell you the minimum service level that you can expect when using a forex VPS trading system.

The service level agreement will also outline the steps that the forex VPS service provider will take. this may range from crediting back some extra funds into your subscription plan or giving you additional months for free.

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How to choose the best forex VPS service?

To choose the best forex VPS service, traders should understand that there is no one company that is the best forex VPS service provider.

Depending on where the forex VPS service providers data center is located it may work one trader, but not for the other.

For example, if your forex broker has their servers located in Germany, then you might want to look for a forex VPS service dot offers their data centers in Germany.

On the other hand, if your forex broker’s servers are in New Zealand, then you need to find a forex VPS service that is closer to the brokers’ data center.

Besides the location, you should also refer to other features mentioned earlier in this article. It will help you to find the best forex VPS service provider of your choice.

Last but not the least, the money that you pay per month to the forex VPS service also determines whether they are the best or not.

Which VPS service is best for forex trading?

If you do a quick search about the forex VPS service providers, you will come across a lot of companies online.

But it is important for you as a trader to do your research before choosing a forex VPS service provider.

If you have a mission critical forex EA that you want to run 24 hours a day and without any interruption, then you need to do your due diligence before choosing the best forex VPS service provider.

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But we have made your job a bit easier!

While there are many forex VPS service providers, one of the most reliable service providers that we highly recommend is forex VPS.

This is a company that has been around in business for many years.

Therefore, in terms of integrity, reliability, and support you will find that forexvps.com offers you one of the best services without being too expensive.

What trading platforms can you use with Forex VPS?

There is no limit on what trading platforms are supported by forex vps hosting. Just as you would trade from your desktop computer, it is the same with a remote desktop connection as well.

You can use any of the standard trading platforms as long as they support automatic trading. Below are some of the most common trading platforms to use with Forex VPS.

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MT4 and MT5 trading platforms
cTrader
Ninjatrader
ThinkorSwim