The term VPS by itself stands for Virtual Private Server, and in basic terms it’s a computer that exists in a datacenter. When it comes to forex, having a VPS can help you get better price streaming, faster trading, and less slippage. Many forex brokers offer VPS services to traders, either free or at a cost. You can also choose to get your own VPS service. Here’s how.
What VPS service should I choose?
Many traders find using a Forex VPS very helpful. Here we will explain what they are and how they can help.
Our personal choice!
* Ready to Trade in 15 Minutes
* Very Fast Setup
* Great service
Why Do I Need a VPS?
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.
Running trading platforms on your own device at home is fine as long as your internet connection is always good, 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.
Running trading platforms on your own device at home is also fine if you live relatively near to where the brokers keep their trading servers. If you live nearby, you are likely to have a good connection to their servers. However, if you live far away, as most traders in Nigeria do, then you are likely to have a slow connection. And a slow connection can lead to slow trading, and slower price updates. Having a VPS can help solve this issue. This is because VPSs are often located in key trading hubs near where the brokers keep their trading servers. By connecting to the VPS, you reduce the distance between you and the broker’s trading servers. This means you are more likely to get a fast connection, and faster trading.
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 the VPS. In addition, make sure the provider takes daily backups, in case any issue arise and the VPS needs to be reinstalled. Should you decide to use a VPS, we recommend using any of the great providers shown in the table above. They are all are highly reputable companies that provide reliable VPS services at great prices.