Many forex traders have been losing millions of dollars each year because of slow connections, slow computers, and problems with the hardware on their computers. The results of high-frequency trading systems can be changed if there is a lot more latency. Hardware problems are very common for traders who use EAs or trade copiers, which can cause them to mismanage their trades. Even if you have a lot of money, you can’t afford to spend a lot on a computer system that is up to date. Forex VPS comes in here. Read this forex VPS review article to know more about it. We’ll also look at the pros and cons of the service and my experience with this service.
What is Forex VPS?
Forex VPS offers the best VPS services for forex traders. VPSs are great for traders who use algorithms, have a lot of accounts, or want to cut down on latency between them and the market. For more than a decade, the company has been in the business. More than 1,000,000 forex traders have used it. They have topped our list of the best Forex VPS, beating all the other companies out there.
Forex VPS is linked to many different brokers, like IC Markets. That’s how I got a free VPS from the company over three years ago, and I still use it today. So, now that we know what the company does, let’s look at the features it offers.
In addition to the Forex VPS review, you can also know about The Role of Technical Support in the Work of a Cloud Provider.
Features of a Forex VPS
ForexVPS has many important features and tools for people who want to be good forex traders. Here in this forex VPS review, we will discuss a few features.
1. The lowest latency
Forex VPS has a very low latency because all servers have Tier 1 bandwidth, which is very fast. You won’t have to share resources with other people when you trade. I have personally observed that it is true. When I trade on my VPS, my trades are always made very quickly, compared to when I trade on my computer.
2. 100% up-time
Forex VPS can keep working even if there is a power outage. Again, this is very important for high-frequency traders and forex traders in many positions. Any downtime can make a big hole in the balance sheet for these traders. Some other VPS providers can’t promise this kind of up-time.
3. Equinix Data Centers
In the Forex VPS, Equinix Data centers are used. This means that when you use the VPS, you will be right next to both your brokers and your banks. People who trade need the best connection and the lowest latency in the markets, which are essential. Not only that, but they have data centers in places like:
– New York.
– Hong Kong.
4. Works with every Platform & Broker
Any broker you trade with will not affect the VPS in any way. It is going to run just fine. Any trading platform, like MetaTrader or cTrader, will also work with all of the accounts from a prop firm. If you don’t have to use a local computer, you can diversify your broker risk, multiple trade accounts, and choose which platforms you trade on. This isn’t always the case with a local computer. As far as I know, most of the best forex VPS providers let people work with all kinds of platforms and brokers.
5. 24/7 Tech support
Most forex traders aren’t very tech-savvy. I’m not sure about you, but I have basic knowledge about setting up my programs and algorithms. If something significant goes wrong, it’s going to take me a long time to figure out how to fix it. Forex VPS has 24/7 tech support, which is very important for traders. Any minute that your trading systems aren’t working properly, it could cost you a lot of money. Lucky for you, the team is on call at all times to answer any questions you might have.
6. A Web-based Control Panel.
When you have a VPS, you don’t have to worry about anything in your neighborhood, and neither does the control panel you use. There is a web portal control panel of the Forex VPS. It manages your programs and servers, no matter where you are at that time.
Also, read Quick Questions On MQL5 VPS.
You can trade Forex on a VPS, but why?
This Forex VPS review will show you that there are many reasons why it might be a good idea to use a VPS when you trade Forex. In the beginning, when I set up my first Forex VPS, it was with the help of IC Markets. I had just started making money as a trader at the time. In this forex VPS review, we have included a few uses of VPS. Let’s take a look at some possible uses for the VPS.
If you utilize an EA to trade, you’ll need minimal latency and a strong connection to the markets at all times. Because EAs must run all day on a computer or chart to make trades, that’s not all. For most traders, it will be challenging to keep a laptop running 24 hours a day and make sure it has a steady connection to the markets, no loss of Wi-Fi, and so on. Set up a VPS to run the EAs on, and then you can log into the web portal to make changes.
2. A copier for the trade market
A trade copier is very useful for most traders, but most people don’t know about it. The market has a lot of trade copiers that let traders copy trades from one master account to many copier accounts at the same time. This can make a huge difference in profits, cut down on broker exposure, and manage risk over a whole portfolio. A trade copier also makes it possible to trade investor money, which is usually the first step from hobby traders to professional traders.
Read more about Forex VPS Free Trial Account | Free Trading VPS Trial Plan.