First up, what is Forex VPS?
A Virtual Private Server is simply a fancy way of saying a ‘cloud-based desktop PC’. As a user you’ll pay a monthly charge for your virtual machine; your virtual computer, that stays online 24/7 and never shuts down, that you can access for a variety of purposes.
One of the biggest user cases of a VPS is Forex Trading. Traders, like you (or aspirational traders like you) want to use a VPS located in the same location, or as close as possible, as their broker. Not using a VPS can cost traders milliseconds between pushing the ‘buy’ or ‘sell button’ and the order actually arriving to the broker and being executed. These missed seconds (latency) will lose traders a lot of money over their trading career (in technical terms we call this slippage).
In a nutshell, using a Virtual Private Server (VPS) allows you to execute Forex trades faster, safer and ultimately become more profitable.
Why do you need one if you’re serious about trading Forex?
Forex Traders (almost all of them) use a VPS to run automated trades. You mainly need to use a VPS if you’re using software to automate and execute your trades. This isn’t you physically hitting ‘buy’ or ‘sell’ at your home computer – this is a machine doing the hard work for you!
Traders rely heavily on market times, reliable trading systems and powerful internet connections. If something goes wrong and you are trading large sums, a few seconds could mean a price shift and end up being very costly for you. A VPS (a good one) ensures no slippage, meaning you will always get your trade executed at the desired price!
The best VPS providers will continually monitor performance, functionality and security. A Forex VPS will be maintained to ensure it’s protected from intruders, attacks and breaches – they’ll take some of the most robust security measures. It’s someone else’s problem to make sure it’s safe, not yours! In cases of a power outage or internet connection issues, a VPS will ensure your trades are still being executed.
Using a VPS is perfect if you travel a lot or move around a lot for work. Using a VPS will allow you to access it remotely – meaning you can monitor your trading from anywhere in the world, on most devices. Most, but not all brokers have smartphone-friendly trading platforms, so using a VPS will allow you to manage your account like normal.
What should you look for when choosing a VPS provider?
It’s very important you find a VPS that provides a 100% uptime guarantee. This will ensure your MT4 is always online and not impacted by power outages or unstable internet connections. If you’re not sure how MT4 works, read up on it here.
It can be a little tricky to set up your VPS if it’s new to you. Look for a provider that can help you set it up and instal EAs or indicators – they will have thousands of customers using it for the same purpose, so find a provider with decent 24/7 customer support.
Here’s why you should consider FXVM as your Forex VPS provider:
We know our VPS and brokers better than most – it’s our bread & butter.
Look for a broker (if you don’t already have one) with the lowest latency (below 5 milliseconds) to our servers – we can work with all of them. We have the knowledge needed to help make finding or replacing your broker as easy as possible – just let us know if you need any recommendations. You can also use our handy Broker Latency comparison tool here.
Our plans start from $19 a month, not the cheapest on the market but that’s because we’re one of the most reliable and most trusted. We also offer a full access trial for just $1.99 so you can try it out for 7 days and you’ll see why thousands around the world rely on us to help them with their Forex Trading performance.
Chat to our 24/7 Support team if you have any questions or need some advice.