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.
Contents
- 1 What VPS service should I choose?
- 2 What is A VPS in Forex?
- 3 How To Use a VPS For Forex Trading
- 4 How To Choose A VPS Provider For Forex Trading In Nigeria
- 5 How To Set Up a VPS For Forex Trading
- 6 Best VPS For Forex Trading In Nigeria
- 7 Reliable Forex VPS For Trading In Nigeria
- 8 Best Cheap VPS For Trading In Nigeria
- 9 Free Forex VPS For Trading In Nigeria
- 10 Fastest VPS For Forex Trading In Nigeria
- 11 Windows Forex VPS
- 12 FAQ
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.
Provider | Offers | Benefits | Website |
 | From $12.99/month | Our personal choice! | |
 | From £19/month | * Ready to Trade in 15 Minutes | |
 | From €19.95/month | * Very Fast Setup | |
 | From £27/month | * Great service |
What is A VPS in Forex?
A virtual private server (VPS) – in the context of forex trading – is simply a dedicated hosting service or networked machine that remotely runs a copy of the forex trader’s platform. In other words, a VPS is a cloud-based computer with a trading platform that traders can operate from any device. Once installed, the VPS remains connected at all times – even if a trader’s own computer is disconnected from the internet.
A VPS service is ideal for forex traders who want more stability and flexibility. This is because it enables you to trade with optimum technical conditions and consistent connectivity. You can use VPS services to run automated algorithmic strategies, including Expert Advisors, 24 hours a day 7 days a week, on a virtual machine. You can also use it to minimize the risk of system downtime due to unexpected power failures, Internet cuts, physical difficulties, and computer shutdowns.
How To Use a VPS For Forex Trading
There are many ways you can use a VPS service to enhance your trading.
Availability – 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 want 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.
Latency – 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.
Capacity – If you want to trade on more than one platform, then having a VPS service will help. This is because a VPS is designed to help you increase your online activity, and make use of more advanced trading software, without slowing down or crashing your computer. The best hosting providers can cope with high levels of activity, and they can improve your online trading experience.
How To Choose A VPS Provider For Forex Trading In Nigeria
Availability – It’s worth checking whether your forex broker offers VPS service. For example, HotForex and FXPrimus both offer free VPS services for forex traders, provided you meet their minimum trading requirements. If you do some research in advance, then you can potentially benefit from a free in-house VPS service instead.
Compatibility – You need to check that the VPS you want to use is compatible with the trading platform you want to use. For example, Metatrader 4 is more compatible with Windows-based operating systems. If you check what you need in advance, then you can choose the best provider for your individual trading needs. .
Cost – You need to check that the VPS you want to use is good value for money. There are plenty of VPS providers so it’s worth doing your research. For example, all of our recommended VPS services cost less than £30/ month. If you do some research in advance, then you can choose the best provider for your budget.
Location – You need to check that the VPS you want to use is in a good location. When it comes to data transmission, and trade execution, distance affects speed. For example, all of our recommended providers have data centres in key financial hubs. If you do some research in advance, then you can choose the best provider for your location.
Suitability – You need to make sure that your VPS has enough RAM and CPU power to handle your trading software. For example, some forex trading software requires a minimum of 2GB RAM for Windows based operating systems. If you check what you need in advance, then you can choose the best provider for your software.
Reliability – You need to check that the VPS provider you want to choose is reliable. Most people invest in a VPS service because they want better online security, more stable connectivity, or a faster online trading service. If you research potential providers in advance, then you can choose the best provider for your individual trading needs.
How To Set Up a VPS For Forex Trading
A VPS service is very easy to set up. If you choose a free VPS service from a forex broker, then you can usually ask the forex broker to guide you through the process. You can also contact their support team if you have any technical issues. If you choose a paid VPS service from a 3rd party provider, then you can usually find installation videos and guides online. You can also contact theri customer support team if you need more information.
Best VPS For Forex Trading In Nigeria
If you’re looking for the best VPS for forex trading in Nigeria, then we recommend considering Fozzy. Fozzy is an established VPS provider that has been offering services since 2018. They have several thousand clients and over 6000 servers. They maintain data centres in key trading hubs such as New York, London, and Amsterdam, making them a solid choice in terms of locations. Fozzy also offers affordable VPS services with packages starting from just $12.99/ month.
Reliable Forex VPS For Trading In Nigeria
If you’re looking for a reliable VPS for forex trading in Nigeria, then we recommend considering MyForexVPS. They are an established VPS provider that offers services to clients in Europe, Asia, the US, and other regions worldwide. They pride themselves on their ability to support better connectivity and faster trade execution. MyForexVPS maintains data centres in key trading hubs such as the US, the Netherlands, Luxembourg, and Singapore, making them a solid choice in terms of locations. They also offer affordable VPS services with packages starting from just £19/ month.
Best Cheap VPS For Trading In Nigeria
If you’re looking for a cheap VPS for forex trading in Nigeria, then we recommend considering Chocoping. Chocoping is an established VPS provider that has been offering services since 2018. They have several thousand clients and over 6000 servers. They maintain data centres in key trading hubs such as New York, London, and Amsterdam, making them a solid choice in terms of locations. Chocoping also offers affordable VPS services with packages starting from just $12.99/ month.
Free Forex VPS For Trading In Nigeria
If you’re looking for a free VPS for forex trading in Nigeria, then we recommend choosing a forex broker that offers free VPS services as an add-on for forex traders. It’s important to keep in mind that free VPS services usually come with certain conditions attached. For example, FXPrimus is one of the best brokers for forex traders in Nigeria, and they do offer VPS services. The FXPRIMUS VPS Service is free for clients that have at least $500 (or currency equivalent) in their account, and who trade a minimum of 5 standard lots round-trip on a monthly basis. The service is also available to other FXPRIMUS clients but they will need to pay $30 per month.
Fastest VPS For Forex Trading In Nigeria
If you’re looking for a fast VPS for forex trading in Nigeria, then we recommend considering Beeks FX VPS. They are an established VPS provider that has been offering services for many years. They ride themselves on their excellent service and high level of added security. Beeks FX maintain data centres in key trading hubs such as New York, London, Singapore, Sydney, and Tokyo, making them a solid choice in terms of locations. They also offer affordable VPS services with packages starting from just £27/ month.
Windows Forex VPS
If you’re looking for a Windows Forex VPS for trading in Nigeria, then we recommend considering Chocoping, Fozzy, or Beeks FX VPS. They are all reliable VPS service providers with fair pricing and a strong track record in the forex industry. They also have chosen strategic locations for the data centres, ensuring a high level of service.
FAQ
A VPS service is ideal for forex traders who have more experience and want to implement more advanced trading strategies.. This is because it enables you to trade with better technical conditions and more stable connectivity. As we mentioned, you can use VPS services to run automated algorithmic strategies, including Expert Advisors, 24 hours a day 7 days a week, on a virtual machine. You can also use it to minimize the risk of system downtime. As such, for advanced forex traders, a VPS service can be very helpful.
The best way to get a free Forex VPS is by opening an online trading account with the right forex broker. There are many online forex brokers that offer free VPS services. However, it’s important to keep in mind that free VPS services usually come with certain trading requirements, so you should always check the T&Cs.
Traders use VPS services for many reasons – from better connectivity and faster trading, to better security and increased online protection. The most common reason why traders use VPS services is for reliability – from increased capacity to better trading conditions.