A VPS is a simple and cost-effective way of helping you safeguard your system and reduce your level of risk so you can concentrate on building a path to being a successful trader. Instantly you lose the ability to open, close or amend your trades, which can have big implications in a fast-moving market. Automation and efficiency have become two of the most important aspects of modern trading. To be a successful trader you need to think about how to incorporate these things into your trading strategy, starting by having the right technology mix. Apart from their professional support, go for self-service with their comprehensive knowledge base to get more ideas. Their pricing starts at just $12.30/month for 2GB RAM, 2 CPUs, 25GB SSD, 10Gbps port, etc.

Traders must choose a VPS provider that allows them to run unlimited MT4 as well as other platform software. Moreover, the VPS selected by traders should not be limited to one broker or company in particular. The VPS should allow the trader to run multiple accounts as well as EAs. The are also intuitive and user-friendly which means even beginner Forex traders can easily use them. One of the lesser-known applications for virtual private servers is in the field of Forex. With IBM servers, SAN technology, Cisco networking, and VMware for virtualisation, BeeksFX offers a banking-grade infrastructure to retail traders.

High Operating Efficiency

The world of forex trading is full of excitement and opportunities. Think about it this way; each trading platform and terminal requires at least 2GB of RAM to function smoothly. So, if, for example, you want to run MetaTrader4 and 2 terminals, you need at least 6GB of RAM. While MetaTrader 5 has been released for quite a while now, it doesn’t seem to find favor with traders, and there are reasons for that. MT4 is easy to use, with an intuitive User Interface (UI) and a simplified performance that’s valuable for both beginners and pros.

It’s now very easy to access a suite of technology and trading platforms that cover all the most important tasks in the trading journey. It wasn’t too long ago that the only viable way to make the most of automation in trading was to sit down and create your own dedicated software. In addition to this, you can access it via any PC or smartphone to check the status and remain updated. You can also connect with RDP software for secure and faster FXVM VPS access.

Tip 2: Choosing the location of your VPS

Forex is a dynamic market that operates 24/5, where prices can change rapidly. Any delays in order execution can result in buying currency at the wrong price, affecting your profits. To minimize latency and slippage, Forex traders https://www.xcritical.com/ turn to Forex VPS as an effective solution. Furthermore, the Forex VPS operates as a Software as a Service (SaaS), where users pay a monthly subscription fee for access to a managed VPS hosting service provided by a third party.

• They deliver high-quality servers but are one of the more expensive providers on this list.
• Ideally, you will want a VPS that is stable and well-maintained by its host to keep downtime to an absolute minimum.
• CTrader provides fast entry and execution, professional charting tools, order types, and so much more.
• You can entirely customize the Forex VPS and run daily backups on it.
• Choosing the best Forex VPS depends on various factors, such as the number of trading platforms installed, CPU, RAM, storage, and your connection speed.

If you need a computer with better specs and network connection, you don’t have to go all the way and spend money on expensive PC systems and internet providers. A VPS can reduce both latency and the subsequent losses due to slippage. The hardware that powers your virtual server is located in a data center – a state-of-the-art facility with a lightning-fast internet connection and built-in redundancy. As a result, your orders are delivered to the broker much more quickly. CNS utilises a Hyper-V hardware virtualisation platform with lightning-fast support and a customised VPS especially designed for forex trading. CNS offers multilingual capability and high security with two-factor authentication available worldwide.

Essential components in Mechanical Forex systems

Virtual servers have proven to be the perfect platform for hosting Forex trading applications, robots, and EAs. A VPS can give you a number of advantages, which we will now explore in more https://www.xcritical.com/blog/vps-trading-what-is-forex-vps/ detail. A Forex robot uses an algorithm to make investment decisions for you. If you’re an experienced Forex trader, you can use your own knowledge to write the algorithm yourself.

It is mainly a matter of network distance between your computer (or VPS) and the broker’s servers. Speed is of the essence in forex trading and a VPS with high latency can turn a profitable trade into one that loses a lot of money. Quality VPS providers offer several locations across the globe to choose a VPS at. If this is not feasible, they should at least be on the same continent. In general, companies providing high-quality VPS services maintain a speed of 1Gbps and ample bandwidth such that EA traders can continue to work 24/7.

How to Pick the Best Forex VPS Provider?

Exotic currencies have a higher level of volatility, which increases the risk of trading them but also offers the chance of finding trading opportunities. As well as being a trader, Milan writes daily analysis for the Axi community, using his extensive knowledge of financial markets to provide unique insights and commentary. Latency in trading basically describes how fast your trade gets executed.

Although it is impossible for the VPS operator to steal funds from your Forex trading account, they could copy your strategy or your expert advisor. Poor quality VPS could also result in significant deterioration of your EA’s performance. However, when working with a good professional VPS provider, your trading account and robots become much safer than they can ever be on your home PC.