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If you are trading forex regularly, you will no doubt have come across the term VPS often. Here we will take a look at exactly what a VPS (Virtual Private Server) is, and how you can make use of one to your benefit as a trader. You can also check for the best forex broker for day trading online and follow their track record.
For now though, we will focus on giving you the lowdown on setting up with the best free VPS forex broker you can and lead you through everything that each of these services has to offer.
Table of contents
What is a VPS?
A VPS is a virtual machine that makes use of software to partition physical servers into multi virtual servers, hence, it is known as a server running within a server.
A VPS provides forex traders with a dedicated-cloud-based system that gives them the ability to run trading platforms on a dedicated computer at all times of the day, with no downtime and only a slight lag. Because of its features, VPS are essential prerequisites for day traders who open and close trade positions frequently. Support from a regulated broker makes choosing a forex VPS system faster and easier.
Top 10 best Forex Brokers with Free VPS
Here is a closer look at each of the 10 best forex brokers with a free VPS that we have found:
Round-up of the best forex brokers with VPS
Having looked at the variety of VPS servers available, here is a quick overview of what each broker is offering:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money
|Min Deposit* in USD||Equity Condition||Trading Size Condition||VPS Cost**||Algo Trading|
|Roboforex||$10||yes||yes||$ 5 USD monthly||yes|
|FBS||$1||yes||yes||$ 33 USD monthly||yes|
|XM||$5||yes||no||$28 USD monthly||yes|
|FxPro||$100||no||no||$30 USD monthly||yes|
|HotForex||$200||yes||yes||start from $30 USD monthly||yes|
* This is not referred as the equity needed for a Free VPS. It’s the broker’s minimum deposit.
** If you can’t meet the conditions to get it for free
How to choose the best Forex Broker with Free VPS?
In order to have access to a good VPS, you need to work with a good forex broker VPS provider. The following are things to consider or features to look out for when choosing the best forex broker with free VPS:
The broker you choose should avail of multiple data centers or reliable data centers near your home. These data centers help to increase the general execution speed of trades. The closer it is to you, the greater chances of increasing the speed at which trades are executed.
They should provide a VPS with maximum security that includes firewalls. They should also have a strong and secure password for trader’s accounts. As you trader, you should be on the lookout for the availability of 24/7 maintenance and monitoring services.
Also, look out for forex brokers who provide VPS with pre-installed software and effective trading platforms like MetaTrader 5 and MetaTrader 4. Double check that the broker provides a pre-installation of charting tools, Expert Advisors, and various other automated applications required for effective trade execution. It may be useful if you also read our automated trading forex brokers top ten.
Finally, before choosing a broker for free VPS, as a trader, you should make sure that there is an effective customer care support system 24/7 where issues or troubleshoots can be easily fixed and inquiries can be answered without any form of delay. Look out for customer service options via emails, telephone, live chats and more.
Pros and Cons of using a VPS
- Using a VPS can offer an extra layer of protection when trading forex.
- Using a VPS can alleviate computer viruses, power cuts and connection failures, making it an ideal technical environment for automated trading.
- The servers run 24/7 and retain optimal connection speeds through this time for the best trading environment.
- A VPS combines the best in stability along with retaining a string degree of flexibility to meet your needs as a trader.
- Many VPS options are not very cheap for new or casual traders.
- A decent level of technical competence is needed for running a VPS.
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