Trusted Forex Brokers that Offer Free VPS
VPS stands for Virtual Private Server, and is used to keep a trader’s platform remotely, on its own dedicated remote server. Trades are executed via the server. VPS hosting became a part of the Forex trading scene when the ability to do automated trades came about with the introduction of Expert Advisers, or trading robots. Some brokers offer free VPS hosting, while others make a charge. We should point out that Forex brokers with free VPS will often have certain requirements that must be fulfilled, in order to take advantage of VPS for free. These usually revolve around account balance or trading volumes. And maybe even both.
In order to help with the decision about whether Forex brokers with free VPS are for you, it will help to understand the principles behind VPS hosting and gain a little more understanding of how it all works.
What is VPS hosting and how does it work?
Virtual Private Server hosting is basically a server within a bigger server. Every website, that is hosted on a virtual private server, has access to more powerful hardware. Server software is setup on a physical machine that has been divided into several virtual compartments. This means that each individual unit can function completely independently. Other websites may be hosted on the same server. But will be the only one in its own special compartment. All server resources such as CPU, disk space, and RAM, will work independently for each compartment. Each website will work completely independently and have no effect on the performance of the others. Think of it as a website in its own special room, with everything it needs to survive in the room with it. You can treat the server as if it were your own dedicated server, with complete control and almost the same benefits as a more expensive dedicated server of your own.
There are, however, some disadvantages with VPS hosting. VPS hosting may be much cheaper than using a dedicated server, but the downside is you still have to share some amenities. Whereas a dedicated server is like owning your own free standing home. It’s your space, but you are responsible for everything. In order to get the most from a dedicated server a trader would need to be fairly technically competent. VPS hosting, on the other hand, offers help should there be any problems and you need some support.
How to choose the best Forex brokers with free VPS
There are a number of things to look out for if you want to make the most of a Forex broker offering free VPS. Finding the best one will bring a number of advantages such as stability, speed, security and flexible resources. Make sure you look out for the following:
- Multiple datacenters or one near your home – This will increase the speed at which orders are executed. An obvious advantage of using VPS for Forex.
- Maintenance and security – Hopefully this would include firewalls, and also 24/7 monitoring so that downtime is kept to an absolute minimum.
- Pre-installed software or capability to install other trading applications – Including your own trading platform, charting software and other automated applications you might be running
- Free trading tools – These include expert advisors and other tools to help improve returns
- Great customer support – Preferably 24/7, 365 days of the year. It would also be helpful if there are several methods of communication, including phone, live chat or email.
Are there any benefits to using VPS hosting?
VPS hosting offers a little added protection when trading Forex. However, if you’re a manual trader, or the amounts you trade are not particularly big, it is possible to trade safely and securely without a Forex VPS.
On the other hand, if your strategy is automated and your trading platform needs to be running twenty four hours a day, considering a reliable VPS service, whether free or a paid for service, is recommended. Let’s give you a few examples of when a VPS will come in handy:
- When you have a power outage or your mobile phone battery runs out
- You lose your internet connection
- One of the kids decides to come over and say hello and shuts down your computer by mistake.
When trading with the assistance of an Expert Adviser, on any trading platform, it is vital that the trading platform is operational day and night. Any slight interruption, whether it’s a loss of connection, or simply a millisecond delay between the order leaving your PC and arriving at the broker’s terminal, could prove very costly. A VPS is a standalone machine that is always online. It can independently reboot at any time, and its servers can be accessed from anywhere.
VPS services rarely cost more than $50 per month, but there are a number of brokers who offer this type of service at a discount, or best of all, completely free.