Forex traders lose a lot of money yearly because of slow connections, computers, and hardware problems. High-frequency change in latency can completely throw off high-frequency trading systems. Hardware problems are widespread for traders who use EAs or trade copiers. This makes it hard to keep track of trades, miss trades, and get consistent results. However, most traders can’t afford to spend tens of thousands of dollars on a high-tech computer setup, and a Forex VPS can help with this.
In this article, we’ll give a full Forex VPS review, the leader in VPSs made especially for forex traders. I’ve been a long-time customer, and it’s been significant to my business. Let’s talk about the pros, cons, and my experience with the service.
This forex VPS review will be helpful for everybody throughout the world and particularly for those who are forex traders. In addition to forex VPS, you can also read Everything About MT5 VPS; You Need to Know.
What Is Forex VPS?
Forex VPS is a company that offers the best VPS services for forex traders. These services are made to meet their needs. The VPSs offered are perfect for traders who use algorithms, have more than one account, or just want to cut down on the time it takes to connect to the market. The firm has been around for more than ten years and is used by more than one million forex traders. They are at the top of our list of the best forex VPS, beating out all their competitors.
Forex VPS works with several brokers, such as IC Markets. This is how I got a free VPS from the company over three years ago. Let’s take a closer look at the features after establishing what the company does.
Features of Forex VPS – Forex VPS Review
ForexVPS has many features and tools that serious forex traders can’t do without. Let’s look at a few of these things:
- Lowest Latency
All Forex VPS servers have Tier 1 bandwidth, so the latency is crazy low. The time it takes to make a trade is less than one millisecond, and the resources are not shared. Over the time of these few years, I have come to realize that this is indeed the case. When I trade on my VPS, trades are always made much faster than when I trade on my local machines. The latency is far the lowest in the business compared to other forex VPS services.
- 100% Up-Time
Forex VPS guarantees 100% uptime by having backup power in case the power goes out. Again, this is of the most significant concern for high-frequency traders as well as forex traders who have a large number of open positions. This is because any downtime can create a significant deficit in the balance sheet. Some of the other VPS providers can’t promise uptime like this.
- Equinix Data Centers
Forex VPS uses Equinix Data centers. This means that your server will be right next to the servers of your broker and bank. This makes sure that traders have the best connection and lowest latency in the markets, which is very important. In addition, they have data centers in New York City, London, Manchester, Zurich, Amsterdam, etc.
- Used on all platforms and brokers
The VPS will still work perfectly regardless of the brokers you use for trading. All prop firm accounts will also work without any problems, and they can be used with any trading platform, such as MetaTrader or cTrader.
You can spread out your broker risk, trade on multiple accounts, and choose which platforms to use if you’re not limited. This is something that using a local machine doesn’t always give you. In all honesty, most of the best forex VPS providers allow you to work with all platforms and brokers.
- Help with technology around the clock
Most of us who trade forex aren’t very tech-savvy. I don’t know about you, but I know how to set up my programs and algorithms fundamentally. If something significant goes wrong, it will likely take me a long time to figure out what went wrong.
For their Forex VPS, traders must have access to technical assistance available around the clock, seven days a week. Every minute your trading systems don’t work right could be horrible for your portfolio. The support team will be available all the time in order to answer any questions you may have.
- A control panel on the web
Nothing is local, including the control panel, with a virtual private server (VPS). Forex VPS gives you a web portal control panel that you can use from anywhere in the world to manage your server and programs.
The forex VPS review 2022 will also be helpful for you. However, you can also learn about the A Review of The Best Forex VPS 2021
Forex VPS Review – What Traders Say About It?
The best way to figure out how good a VPS provider is; is to see how well other traders are doing on the platform. Even if we test the VPS and have excellent latency, traders in other places could have a totally different experience. This is how we try and review our Top Prop Firms too, and it works great most of the time.
ForexVPS has an “Excellent” rating on Trustpilot, based on more than 1000 reviews that gave them 4.8/5 stars. This is great to see and shows just how good the service is. With this many reviews, ForexVPS is also one of the most well-liked reliable forex VPS providers in the business, especially compared to others on our top forex VPS list.
Otto also talks about how easy the VPS is to set up. I used Forex VPS the longest out of all the services I’ve tried, and I agree that it was straightforward to set up. Everything went smoothly, and the support team was always there to help with anything.
Moreover, in addition to the forex VPS review, here you can also read All About VPS MT5 You Need to Know.