Many Forex traders have recently started requesting and using VPS services. The service has become popular with a growing need and use of automated trading systems, and traders have started actively looking for Forex brokers with free VPS access.
What’s VPS?
VPS stands for Virtual Private Server and it’s a virtual machine provided by a hosting service, where a user has administrator access to the OS and all software installed. With Forex brokers offering VPS hosting, it’s now widely used as a dedicated remote server to execute trades from a trading platform installed on it. Traders are given full access and control over an amount of RAM, space and transfer which they can use to install systems and different software they want. Being dedicated and shared on a machine, it offers stability and flexibility to the end user, being always online and having a dedicated power source.
Why should you use VPS?
VPS is widely popular among Forex traders using so-called trading robots or automated Forex trading software. This is largely because the software can work well without the traders themselves, while it needs constant and stable Internet access. The server will provide a high-quality access to the market, with no interruptions, delays or shut downs and you will no longer need to completely rely on your PC and ISP to successfully use auto-trading. The Virtual Private Servers also offer strong security and guarantee a 99.9 percent uptime. This means you get a much better speed and faster execution, which also minimizes the slippage and other issues you might face executing your trades manually. VPS can also make multiple accounts with one Forex broker accessible without over-loading your PC or carrying a device everywhere you go. VPS can be a rather expensive service to uphold as you will want to have as much RAM and transfer allowance as possible. However, good Forex brokers with free VPS will provide it either with standard accounts or with certain account balance and trading volume.
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Forex brokers with free VPS
RoboForex
RoboForex is an online Forex broker founded in 2009, and regulated by Cyprus Securities and Exchange Commission. They offer access to the market via several different trading platforms including MetaTrader 4 and 5 as well as MT Mobile. RoboForex does not have a deposit minimum and has a generally good customer support and care. The VPS service with RoboForex is high quality and free for accounts exceeding a balance of just $300 in real money. Also, there is a necessary turnover of at least 3 standard lots during the course of one month.
Exness
Exness is a Cyprus Forex broker authorized and regulated by CySEC. They are well-known for low minimum deposit amount and easily accessible market through different web-based and mobile trading platforms. The minimum contract size with Exness is standard 0.01 while max leverage is 2000:1. VPS hosting with Exness is free with a deposit of $500 and it offers a trading terminal as well as parallelization, with access to your PC and thus multiple trading opportunities. However, you cannot independently install software on your remote terminal which could be a downside for some traders.
IronFX
IronFX is based in Cyprus and regulated by Cyprus Securities and Exchange Commission (CySEC). The award-winning broker is widely trusted and serves a huge customer base around the world. The company offers diverse liquidity and a first class service with great customer care. IronFX offers free VPS hosting to traders depositing and maintaining a $5,000 balance, using the Microsoft Windows 7 platform with different EA possibilities. The VPS IronFX offers is Microsoft Windows Server 2008, hosted in Secure Data Centre with 2.2GHz Intel Xeon CPU with 1GB dynamic memory guaranteed and 25GB of HDD storage space.
FxPro
FxPro is an industry leader for more than 10 years and they are committed to quality, providing tight spreads, high liquidity and good deposit and withdrawal options. Customer care is also top notch, being available 24 hours a day in more than 18 different languages. The broker also offers traders free Demo accounts. The free VPS service is offered only to VIP account holders, depositing at least $50,000 over two months and holding such balance. While it is understandable how this is actually the most practical for such traders, we have already mentioned how there are options for less funded accounts with other brokers. A subscription to VPS for other traders with FxPro costs $30 per month.
Final words
As we mentioned above, the Virtual Private Server has rather narrow and specific use and as such it can get expensive so if you don’t actually need it you don’t want to throw the money away. Based on your trading style and use of auto-trading software and Expert Advisors you would actually decide whether you need a fast, stable and always online access to your trading platform. Expert Advisors users will find VPS highly useful and appealing, with no need for keeping PCs and other devices online throughout the day while being able to check on the progress of their trades at any time. Please bear in mind that there is automated trading software that requires trader input and that using a VPS without firm control could lead to losses. As seen on the short list we provided, Forex brokers with free VPS will usually provide it with high account balances and turnover, but ultimately you wouldn’t even need it otherwise.