Are you a forex trader and wanted to add some automation to your forex trading business? And wanted to do the business without having to sit in front of your computer all day long? Head over to a VPS company and get a cheap forex VPS. But before that have a look at below points where we briefly described what a VPS is and then we’ll discuss advantages you will get out of a VPS as a forex trader.
A VPS (virtual private server) is a physical computer (server) that is partitioned into many small virtual units so that it has its own resources such as operating system, disc space, memory, and bandwidth.
A physical server, which is housed in a data center, is used for VPS hosting. That physical server is then virtually divided into many VPS (see below image) and then rented out (with a certain amount of disc space, RAM, OS, and data transfer) to many people like you and me.
Even though all VPS are located on one computer (server), they can operate independently of each other. Given your own VPS, you can install an operating system and forex trading software (MetaTrader 4 in this case) of your choice on it, have the power to reboot your VPS, and you have full control it as though it were a standalone computer.
There are many Advantages to avail forex VPS hosting services for forex traders, some of them are listed below:
Getting a cheap forex VPS with top features is hard, especially for forex traders who are general not very knowledgeable in technical stuff. We have listed some of the top VPS hosting providers that are offering cheap forex VPS servers with top notch features, such as great speed, low latency, available in multiple countries and at affordable price.
HostWinds are in hosting business since 2010. They have their servers housed in Dallas and Seattle data centers. The HostWinds VPS hosting package offer different plans, their Budget Linux start from $7.50 per month and Windows VPS server starts from 13.50 per month. These starter plans are sufficient for the forex VPS, which offer up to 1GB RAM, 25GB storage, and 100mbps transfer speed that is enough for running your trading software. Should you need more server resources, HostWinds allow you to scale pretty much anything instantly, CPU, Ram, Storage etc. Their support team is awesome and helps you out anytime you need them.
Interserver is a well known name in hosting since 1999. They have a wide range of different VPS packages available. The company offers a variety of forex VPS hosting service plans to provide the flexibility and scalability a forex trader are looking for. Linux based VPS begins at $6/ month, while the Windows VPS starts at $10/month. Both these plan offer a variety of options, based on your requirements such as CPU, memory, storage, transfer, and server location. Their data centers are exists in 6 different locations around the globe: New Jersey, Los Angeles-CA, Houston-TX, London-UK, Paris-France, and Hong Kong-China. You can have your forex VPS setup at any of these locations.
if you are using a MetaTrader platform for your forex trading then fxvm is the best option at your hand. Apart from MT 4/5 they also expert in providing support for variety of other trading platforms such as TradeStation II, TradeStation, Ninja Trader and Currenex. This company is specialized in proving forex VPS hosting. Their support team is expert in providing MetaTrader 4/5 related assistance. They have their data center setup in all major Top financial locations such as London, New York & Zurich. They provide low latency trading servers at an affordable price.
With this spec: 640 MB RAM, 1 CPU and 28 GB disc space, this is somewhat less features compare to the HostWinds but it’s a good starting VPS considering FXVM providing specialized forex VPS environment and expert support.
Although there are benefits of having a forex VPS but note that having a VPS is “nice to have” feature not a “must have” if you opt to have it you would adding a recurring cost to your pocket. So do your calculations first before availing a VPS service, if its fits in your monthly then only move ahead. There’s no reason to spend any more money than you make since this will become a monthly expense for your forex trading business if you choose to do it.
Hope you like this article, let us know your thoughts, feedback and/or any questions you have regarding forex VPS hosting, we are happy to assist you in any manner.
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