Forex VPS – Forex Academy

VPS (Virtual Private Server) offers multiple uses for businesses or any user that needs to access their accounts remotely. In the world of Forex trading, VPS is particularly useful for traders that would like to keep their system running without watching the screen constantly or who need to access their accounts remotely. There are several benefits to using VPS:

If your broker doesn’t offer mobile or web-based trading platforms, VPS will still allow you to manage the account from a different device.
Many VPS providers offer their own power supply, which will keep your machine running, even if the power goes out.
VPS can offer faster execution and less slippage, thanks to high-priority server upkeep. This reduces losses caused from re-quotes, which can be caused by slower computers or internet connections.
If you use charts, indicators, and other similar programs, VPS will help eliminate the need to reinstall and update settings for all these programs. Instead, you can maintain charts using your VPS connected devices.

Setting up your VPS Account

First, you’ll need your main desktop or laptop and the remote device you plan on using, which could be a smartphone, tablet, or another laptop. You’ll also need a VPS account and internet connection through your home router.

The first step is signing up for a VPS account. You’ll be able to create a customized IP address with no need for remembering random letters or numbers. The service should link your hostname to your IP address automatically.
Next, you must configure your router so that you can access your trading account from the remote device. Port-forwarding tools are typically found under the Security section in your Network Settings. Under Device IP, you’ll input the internal IP address from your remote device.
Windows users will then need to enable the Remote Desktop Connection by clicking System > Services/Maintenance > System > Remote Settings. Choose the option “Allow users to connect remotely to this computer”.
Finally, you’ll need to install any specific software that is required on both your home PC and your remote device.

Associated Costs

When choosing a VPS provider, you need to ensure that the provided technology is suitable. Windows users need to check for Hyper-V Technology, and OpenVZ is the best option for Linux-based operating systems. You’ll also want a provider with a good uptime record, around 99.99% is great. Once you find an option that fits within these recommendations, then it’s time to start looking at prices. Unfortunately, you usually get what you pay for when it comes to VPS, so it may be best to avoid cheaper companies. Some may offer multiple plans with different monthly costs, so this could be a good option that helps one to avoid paying for things they do not need. You can also possibly save money by subscribing for a longer period. We found a Lite account for $3.73 a month with a 99.99% uptime record, with better, more expensive options as well. This is where you’ll need to do some comparison shopping.

Using VPS (Virtual Private Server) for Forex trading is a great way to keep Expert Advisors running, connect to your trading platform from anywhere, have a backup that allows trades to keep going even in the event of a power outage, add security, and reduce the chances of slippage and re-quotes thanks to much faster connections.

It does cost money to use these features – most traders are likely looking to use VPS for the lowest, most reasonable price possible. There are some low-cost providers out there, but traders need to be sure that they are using a good provider that offers all the necessary benefits that should come with the software. In this article, we will cover some of the most important qualities you need to be looking for when choosing a VPS provider.

Performance

Uptime and speed are two of the main advantages of using VPS; however, a larger number of users could slow down the provider’s overall performance drastically. Your VPS provider needs to have a great uptime record as proof that their servers are up to the task. An uptime record of around 99.99% is a good sign that things will run smoothly. Some even monitor their servers 24/7 to offer more reliability.

Technology

Microsoft Windows servers run on Hyper-V technology, while Linux-based operating systems run OpenVZ for the best stability. If a VPS provider offers some other type of technology, then you should look elsewhere. Security is another important quality.

Compatibility

Most VPS works with MT4, but you’ll need to ensure that your VPS service will work with your broker, supported trading platform, and any EA. Look for “works with all brokers” or some similar description on the provider’s website.

Price

Many providers offer multiple price plans so that users can save money doing away with features that they do not need. That can leave one with a price of $3 and some change per month for the cheapest plan, while users that need the best packages might spend around $15 to $30 per month. More expensive plans typically cover more terminals, Expert Advisors, etc. Many traders prefer to pay for services with PayPal or a debit/credit card. Bitcoin, Payza, Skrill, and Webmoney payments are usually accepted as well.

Conclusion

While VPS may not be for everyone, it can serve several purposes and help Forex traders to connect remote devices to their platform, experience increased speed and reliability, etc. Overall performance, uptime, technology, compatibility, security, and price are some of the key things that users should check out when searching for a VPS provider. You’ll also need to check for other necessities, like a dedicated IP address, remote desktop access, as well as iPhone/Android access, etc. Once you’ve found a provider that offers all these things, you can compare price plans and figure out which package is the best fit for your trading style.