Many traders find using a Forex VPS to be of great use for trading. Here we will explain what they are and how they can help.
|Best VPS Providers||Offers||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|
*Diret connectivity to Liquidiy Providers
*Servers match Metaquotes Specs & Requirements
|Visit Beeks VPS|
What is a VPS?
The term VPS by itself stands for Virtual Private Server, and in basic terms it’s a computer that exists in a datacenter that you can connect to and use. Datacenters are run by server hosting companies which rent out VPS’s to clients needing this type of service. You can request that a VPS have Windows or Linux operating systems installed, and hosting companies usually offer a variety of configurations regarding OS, RAM memory, CPU and hard disk space to suit your particular needs.
Why Do I Need a VPS?
If you wanted another computer to store data on, or browse the internet on then you could use a VPS, but you need to connect to it from your own device of course, because it’s virtual, and is running on hardware that physically exists somewhere else. Having access to a VPS can also help access websites that might be blocked in Nigeria.
For traders however, having a VPS can be especially useful. It allows you to run your trading platforms continuously around the clock, and to have your platforms close to the trading servers of the brokers you are working with.
Is a Forex VPS Different to a Regular VPS?
The answer is not really. It’s just the way that it’s customised for traders. Any VPS can essentially run trading platforms or other software applications you wanted to run on them, but the more demanding the needs of your applications, the higher the specifications that your VPS needs to have, which increases the cost per month.
To run the MT4 platform you don’t need much disk space, and 1GB of RAM is enough. If you would like to run other applications in addition and you’re finding your VPS to be a bit slow, you may want to choose one with 2GB or 4GB memory to start with, or upgrade to later on.
When a hosting provider advertises Forex VPS, you can expect lower specifications such as 1GB RAM because that’s all that’s most likely needed. They may also pre-install trading platforms for you to log into, but you can easily do this yourself once you connect to the VPS and look for the downloads page on the website of the broker you are trading with.
Running trading platforms on your own device at home is alright as long as your internet connection is always stable when you need it, and your electronic device (Whether it’s a computer, tablet or a phone) is always working.
If however, you wanted to keep your platforms running 24/7, you may prefer to have them on a VPS instead of your own device. The best hosting providers use excellent hardware to run servers on, and they can guarantee almost 100% uptime. (No provider will tell you 100% uptime but the best hosting companies have excellent network connections, and keep their environment as secure as they possibly can, resulting in extremely rare downtime, if any.)
Think of latency as the delay. Any electronic device in Nigeria that is using software applications to connect to Trading servers is going to have higher latency (or delay) in the connection, than a device that is doing the same but is physically located much closer to those same servers. Simply put, devices further away take longer to connect, refresh price quotes, and execute trades.
You should first consider where the trading servers of the broker you work with are. Many of them are in or near New York and London. This allows them to lower their own latency in obtaining price quotes from liquidity providers.
What You Need to Know About Getting a Forex VPS
Before you rent any Virtual Private Server, make sure you know what the monthly cost is, as well as the location of the one you are going to connect to and use. In addition, make sure the provider takes daily backups, in case any issue affected the VPS in such a way that it needs to be reinstalled.
Should you decide to use a VPS, we recommend 2 great providers shown in the table above. Both are highly reputable companies who provide many traders with VPS services at great prices.