Forex Brokers with a Free VPS
A Forex VPS is very useful for remotely running your trading platforms 24/7 without you needing your own computer switched on. This makes a virtual private server (VPS) a popular option for traders who are running automated trading systems and copying forex signals. It is also beneficial for those of you who might not have the most reliable internet connection but want to ensure that you can always have access to the forex market. Not to mention you can save in energy costs. These reasons and more which we will explore in this guide are why a forex broker with a free VPS can be worth considering for all types of trader.
What is a forex VPS?
A forex VPS (virtual private server) is basically an around the clock connection that links your trading platform and account to the forex market without any interruptions. The majority of Forex VPS’s run remotely and independent of your computer. This means that you can always have your trading platform up and running on the cloud without even needing your computer switched on.
You can simply login to your Forex VPS when you want to analyse charts, place trades, manage positions or check the progress of your automated trading strategies. This makes them a top choice for traders who want to run forex robots 24/7 but cannot always have their own machine up and running.
How does a forex VPS work?
A forex VPS is more or less a standard virtual private server running an online trading platform. Most forex virtual private servers run Windows because the majority of trading applications have been designed specially to support Microsoft’s operating system. I think this makes them more accessible for the average retail trader when compared to say a Linux based VPS.
Forex VPS with IC Markets
Is a VPS good for forex trading?
Yes, from my experience a forex VPS is an excellent tool for forex trading. The idea of a forex VPS is to let traders take advantage of the virtual server’s excellent uptime and high-speed connection to improve their trading conditions.
This means that you can get your trades executed at the best available prices, especially when using a forex VPS in combination with an ECN forex broker that has low spreads. It is also ideal for running automated strategies remotely when it is not convenient to use your own computer.
A forex VPS can be beneficial for forex scalping strategies that rely on small price movements so need the fastest execution speeds possible with minimal latency. Latency is the literal time it takes for a packet of data to go from its origination and reach its destination. The measurement of latency is measured in milliseconds. Just 50 milliseconds of latency — a time of less than one-tenth of a second — can result in poor network and application performance.
Do I need a VPS to trade forex?
No, you don’t actually need a forex VPS as you can simply run your trading platforms on your own desktop computer or mobile devices. However, if you are using forex robots then you will usually always need your computer up and running for them to work which might not be feasible.
Another useful way to use a forex VPS is to setup trading signals. For example, let’s say that you have a technical indicator that sends you buy and sell signal alerts for you to take action on. You could always place the indicator on your trading platform on the VPS and allow it to send you SMS or email notifications when there is a signal. This can save in electricity costs and means that you do not need to study currency pair charts all day long.
How much is a VPS for forex?
The cost of a VPS can vary significantly depending on the provider that you use. I personally use a cheap forex VPS which is around $30 per month but it has a good enough specification for me to run multiple instances of the MetaTrader 4 platform without any issues. It doesn’t lag and I am happy with the execution speeds.
You can always purchase a more expensive forex VPS if you are running more demanding trading strategies and want to run lots of trading platforms. Most VPS services will have a choice of packages for you to choose from according to your own needs. You can always switch between packages if your needs change over time, with most having a minimum subscription of just 30 days.
How do I get free VPS on forex?
The great news is that you don’t even need to pay for a forex VPS if you are using a forex broker with a free VPS. You will find that many of the best forex brokers provide a free forex VPS to traders who meet a minimum deposit threshold or trade enough volume each month.
You simply need to open a trading account with the broker, meet the minimum requirements and they will send you the VPS login details. Some of them will even install the trading platform on the VPS for you in advance. If the broker does not have a VPS, look at for those which offer a discounted VPS depending on your trading activity.
Which forex VPS is best?
There is no best forex VPS as it depends on what you are looking for. Generally speaking, the more powerful the resources, the better. A dedicated forex VPS with more RAM and powerful processors, is going to be superior to a VPS that is using shared resources.
If you are using any of the MetaTrader platforms, MT4 or MT5, you can purchase a forex VPS from MetaQuotes. This is handy as the VPS feature is embedded within the platform. However, I find it to have some limitations and be quite confusing when compared to using an external VPS provider instead.
Best forex brokers with a free VPS?
There are plenty of forex brokers with a free VPS that you can choose from if it is something that you require. Once you have narrowed down the search of free VPS forex brokers, you should consider some other features before making your choice. This includes the regulation, other financial instruments, spreads, fees, account types, funding options, education, platforms, tools and support. You can see a selection of our best forex brokers with a free VPS or discounted forex VPS in the table below.
Forex VPS pros & cons
Pros
- Run forex robots 24/7
- Dedicated trading server
- Reliable market connection
- Can improve execution speeds
- Don’t need your computer running
- Very cost effective
- Save on energy costs
Cons
- May seem complex for beginners
- Can have unexpected outages
- Not all forex brokers provide a VPS
- Might be vulnerable to hackers
Conclusion: should to get a free forex VPS?
If you are specifically looking for a forex VPS, then yes of course, you should take advantage of a broker who has a free VPS. This can allow you to run your automated forex strategies around the clock without interruptions. Even if you don’t know the benefits of using a forex VPS, I certainly think it is worth giving it a try, especially if you are trading the volume required by your broker to be entitled to a free forex VPS.
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