If you are a Forex trader just starting out, you may not see the true importance of using a Forex VPS but the reasons below will give you something to think about and help you make the right decisions to improve your trading efforts and returns. These reasons will show you why it is best to the trader on VPS rather than directly from your computer.
1. With a Forex VPS, you can trade anywhere. This is something that can be hard to do when you have a desktop PC. If you have a laptop you can enjoy some flexibility in doing trade on the go, but then again when you have a VPS, you can connect to the platform from any given place as long as there is a network connection. You do not need to work from a designated area as it is the case with a desktop PC and neither do you have to bring your laptop everywhere you go to make this possible.
2. VPS allows you to trade even when the power goes out. This is because you have an automated system that performs perfectly even without the need for you to monitor it. It means that you are able to continue with your trade as you desire without having to be online. You will only need to make a few settings on the system and you are ready to continue trading safely and securely.
3. The server offers robust security. This is especially so when you choose systems from the best companies who give security priority. Managed VPS go through regular checks so they are in functioning order and remain up. To keep you safe from potential threats, such systems will also come with antivirus and all necessary security tools.
4. You enjoy reduced slippage when you have a virtual private server. This is because the system is able to execute all trades quickly compared to what a computer would be able to do. The transmission of an order is pretty fast and it translates into fewer delays and less slippage for that matter. Slippage can be costly and when you have this Forex server, it means you can reduce unpredictability and losses. It is one of the biggest advantages you will have even when you choose to place entries manually.
5. With a Forex VPS, you can trade at any given time of day. It does not confine you to a specific pace and hence you can execute trades wherever and whenever you are comfortable.
Also Read: The Complete Guide How to Install Forex VPS
Nowadays, there are numerous companies that provide Forex hosting but you should consider a series of factors before making a decision. With so many options and service packages available, you might get confused, especially since every provider states itself to be the best. When it comes to Forex VPS, the first thing that you should keep in mind is that this service is suitable for traders that trade heavily on the Forex markets. Although it doesn’t rely on different factors such as the internet connection or the machine, there are certain features that increase or diminish the value of a virtual server. It is indeed, a powerful machine that doesn’t need to be restarted for it can run its own full-fledged operating system and can be independently rebooted. However, a Forex VPS should be reliable and fast so you should avoid purchasing a dedicated service package from a re-seller. Re-sellers usually provide expensive service and they don’t have the right equipment to ensure high standards of quality.
If you want to make the most out of your Forex VPS, you should choose a company with a solid experience and expertise in this field of activity. It has all the needed resources to meet and even exceed your expectations and you are likely to get a very appealing quality/price ratio. You should avoid paying for a Forex hosting that comes without a free trial period and again, this is a typical situation for a re-seller. The customer support services, the management of the servers as well as the uptime are important elements that make the difference between an unreliable Forex VPS and a service that is worth your money and trust. Furthermore, keep in mind that a respectable company should ensure you full access to your account which enables you to install different software and applications meant to boost the success of your online trading.
Tips for Choosing Best Forex VPS Provider
#1: Virtualization Technology
The virtualization innovation utilized by the VPS supplier is the principal angle to be checked by the dealers while shortlisting a couple of best forex VPS suppliers. A few distinct innovations, for example, Hyper-V, Xen, Virtuozzo and Open VZ, among others, are accessible at this point. More data about these innovations is incorporated later on in the article.
#2: Unlimited Platform Instances
Some VPS suppliers put restricts on the quantity of stage occasions that can be run. It is imperative that brokers pick a VPS provider that licenses them to run boundless examples of MT4 and in addition different stages. Put in straightforward terms, the VPS picked by dealers ought not to be constrained to one specific merchant or foundation. The VPS ought to enable a broker to run various records and in addition EAs.
The speed of execution of requests is alluded to as inactivity. Speed is the essence of forex exchanging and a high idleness VPS can possibly change a beneficial exchange into one that loses a considerable measure of cash. Certified VPS suppliers frequently enable customers to pick a VPS from a few areas around the globe.
Merchants ought to pick the area of their VPS in view of the area of the forex broker they are working with. Preferably, the forex VPS ought to be situated in a similar nation. In the event that this isn’t conceivable, at that point it ought to, in any event, be situated in a similar mainland.
It’s a given that security offered by the VPS is one of the key highlights that merchants should check. It should come as a standard element with the record. It is dependably a smart thought to search for VPS suppliers who additionally offer DDoS security.
#5: Guaranteed Uptime
Dealers won’t have the capacity to profit if the VPS goes disconnected much of the time. Hence, they ought to pick a VPS that offers no less than 99.99 percent Service-Level Agreement (SLA) based up-time. Further, the SLA ought to have a provision for paying remuneration if the VPS supplier does not meet the uptime responsibility.
The VPS supplier that merchants need to work with should influence the accessible client to help benefits all through the exchanging hours. This is on account of it is hard to anticipate when merchants would require client bolster.
#7: Speed and Bandwidth
Organizations that offer astounding VPS benefits by and large guarantee a speed of 1 Gbps and adequate transfer speed with the goal that the merchants EAs keep on running every minute of every day.