The world of forex trading is full of excitement and opportunities.
We evaluated the leading VPS services for dynamic, incessant forex trading so you can set up and run your own platform.
How we ranked the best forex VPS hosting providers:
- We looked and tested accessibility, environment, speed, and reliability of the servers.
- We evaluated the terms, reputation and support of the forex hosts.
- We compared pricing packages and the possibility to grow your business.
Want to choose the best VPS for forex trading? Check out the reviews below and pick the optimal provider for you.
Trade like a PRO with the World's best Forex VPS. This is what you get!
What Is a Forex VPS?
A virtual private server is simply a computer you can rent out like any other hosting machine. The “virtual” part simply means you’re buying a virtualized section of a computer instead of an entire server machine.
The VPS basically acts as an autonomous computer—it has its own operating system and installed programs. The difference is that a forex VPS is optimized for running a forex trading platform, like MetaTrader.
You can access the VPS from your own computer and use the trading system hosted on it.
But couldn’t you run MetaTrader on your home computer?
Is a server even necessary to trade?
Technically, you could host a trading software yourself, but you’d probably have at least a couple of hurdles in your way.
For one, it’s tough to keep a home computer running 24/7. Even if there are no power outages, hardware issues, or internet connectivity failures, you’d have to restart (at least) when an update comes along.
Realistically, it’s difficult to stay connected to a forex broker 100% of the time.
Also, unless you live across the street from a forex exchange, you can probably expect some latency issues during virtual forex trading. While your connection might work fine when streaming Netflix, milliseconds of latency can cause slippage for market orders.
Big firms can afford to set up trading servers near stock exchanges or forex brokerages to avoid this. Most of us, however, don’t trade nearly enough to make a complete server financially viable.
That’s where the best forex VPSs kick in.
A provider running hundreds or thousands of servers can take care of setting up high-availability machines near forex brokerages. Meanwhile, you can purchase a small portion of the resources and reap all the benefits of your own server—it’s beyond easy to set up something like MetaTrader, track currency pairs 24/7, and even automate trades.
So, if you’re just starting your forex efforts, it might be time to invest in VPS hosting.
How to Choose a Forex VPS?
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Ready to pick out your provider?
Let’s go through a checklist of key features to consider before making the purchase—of course, any other useful features you can get are a bonus.
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Server Locations—Providers usually place their data centers near popular brokerages. This helpsavoid latency issuesso that you can execute trades faster and always get the most favorable exchange rates. Just make sure the provider sells machines close to where you trade
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Hardware Specs—Better hardware with stronger internet connectivity speeds up the communication between your server and your forex brokerage. Check out what kind of hardware forex VPS providers use as well asthe servers’ uplink speeds.
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Software—Make sure the software you want to use is supported. Most people use MetaTrader, which means running Windows on the VPS. You could also set it up on Linux, but you’d have to use Wine for setting up Windows apps, and that’s much more complicated.
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Security—You really don’t want your trading VPS going down. Pick a provider that implements all the necessary security measures to fend off attackers.DDoS protection is essentialto stop anyone from purposefully blocking your virtual forex trading efforts.
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Uptime—Each time your server experiences an outage, you’ll miss out on potential trades and likely lose money. A good provider typically offers an uptime guarantee ofat least 99.9%.
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Support—If there’s a problem with your server, you’ll want it taken care of quickly. A knowledgeable and experienced support team is essential here. You should dedicate at least a few minutes to get in touch with them andsee how they respondbefore you commit to a server.
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Price—Trading is really only worth it if you earn more than what you spend. You can always consider several providers that fit the bill and see which one offers the best rates.
There are plenty of solid options out there. Our absolute favorite is AccuWeb because it’s easy to use, fairly powerful, and relatively affordable.
If you’re interested, you can find out more about AccuWeb and the other best forex trading platforms in the reviews above.
When you rent a VPS, you’re really buying a virtualized section of a server that hosts a trading platform (like MetaTrader or cTrader).
From your VPS, you can track currencies 24/7, execute trades, and automate certain trading actions. You can use it as if you were trading from your own computer.
Most providers install MetaTrader on your forex VPS by default. But if they don’t, you can also establish a remote desktop connection to the VPS and download the software through a browser.
Just install it like you would any other program, and you’ll be good to go.