A Virtual Private Server is simply a fancy way of saying a ‘cloud-based desktop PC’. As a user you’ll pay a monthly charge for your virtual machine; your virtual computer, which stays online 24/7 and never shuts down, that you can access for a variety of purposes.
One of the most prominent user cases of a VPS is Forex Trading. Traders, like you (or aspirational traders like you) want to use a VPS located in the same location, or as close as possible, as their broker. Not using a VPS can cost traders milliseconds between pushing the ‘buy’ or ‘sell button’ and the order actually arriving at the broker and being executed. These missed seconds (latency) will lose traders a lot of money over their trading career (in technical terms we call this slippage).
In a nutshell, using a Virtual Private Server (VPS) allows you to execute Forex trades faster, and safer and ultimately become more profitable.
Forex Traders (almost all of them) use a VPS to run automated trades. You mainly need to use a VPS if you’re using software to automate and execute your trades. This isn’t you physically hitting ‘buy’ or ‘sell’ on your home computer – this is a machine doing the hard work for you!
Traders rely heavily on market times, reliable trading systems, and powerful internet connections. If something goes wrong and you are trading large sums, a few seconds could mean a price shift and be very costly for you. A VPS (a good one) ensures no slippage, meaning you will always get your trade executed at the desired price!
The best VPS providers will continually monitor performance, functionality, and security. A Forex VPS will be maintained to ensure it’s protected from intruders, attacks, and breaches – they’ll take some of the most robust security measures. It’s someone else’s problem to make sure it’s safe, not yours! In cases of a power outage or internet connection issues, a VPS will ensure your trades are still being executed.
Using a VPS is perfect if you travel a lot or move around a lot for work. Using a VPS will allow you to access it remotely – meaning you can monitor your trading from anywhere in the world, on most devices. Most, but not all brokers have smartphone-friendly trading platforms, so using a VPS will allow you to manage your account like normal.
It’s very important you find a VPS that provides a 100% uptime guarantee. This will ensure your MT4 is always online and not impacted by power outages or unstable internet connections. If you’re not sure how MT4 works, read up on it here.
It can be a little tricky to set up your VPS if it’s new to you. Look for a provider that can help you set it up and install EAs or indicators – they will have thousands of customers using it for the same purpose, so find a provider with decent 24/7 customer support.
They know their VPS and brokers better than most – it’s their bread & butter.
Look for a broker (if you don’t already have one) with the lowest latency (below 5 milliseconds) to their servers – they can work with all of them. They have the knowledge needed to help make finding or replacing your broker as easy as possible – just let them know if you need any recommendations. You can also use their handy Broker Latency comparison tool here.
Their plans start from $19 a month, not the cheapest on the market but that’s because they’re one of the most reliable and most trusted. They also offer a full access trial for just $1.99 so you can try it out for 7 days and see why thousands worldwide rely on them to help them with their Forex Trading performance.
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.