A forex VPS is regarded as the most reliable means of trading currencies. If you are planning to automate your trading, then you should run your software on a VPS. That is because a VPS offers you more safety and stability whilst trading. The fact that there are many suppliers of VPS hosting, there is a need to choose only the best. These are tips to help you choose the right forex VPS hosting provider.
You have to consider the virtualization technology that is used by your VPS provider. Some of the technologies used include Open VZ, Virtuozzo, Xen, and Hyper-V. You should learn more about these technologies before choosing your forex VPS hosting.
Unlimited Platform Instances
It is well-known that most VPS providers have limits on the number of platforms that can be run. Ensure you choose a provider that allows you to run your MetaTrader on a wide range of platforms. Also, the VPS chosen should not be limited to a given institution or broker. Also, it should allow you to run different accounts.
Latency is defined as the speed with which orders are executed. Remember that speed is quite important when it comes to forex trading and high latency VPS can change a profitable trade into one that makes losses. A reliable VPS provider will allow you to choose your VPS from various locations across the world. It is advisable to choose your VPS location based on the location of your forex broker. If that is not possible, then they should be located in the same region.
You cannot make money if your VPS goes offline quite frequently. Thus, you should get a VPS that provides at least ninety-nine percent of uptime. Also, they should have a clause for compensating you if the VPS does not meet the agreed uptime commitment.
Security is an important feature that you should check as a trader. Ideally, it should be a standard feature. Ensure you choose VPS hosting with DDos protection.
The VPS hosting provider you want to work with should avail of its customer support services at all times. That is because it is tough to determine when you will need customer support.
Speed and Bandwidth
Top companies that provide forex VPS hosting services ensure that they provide faster speeds and adequate bandwidth to ensure that traders run continuously.
When choosing forex VPS, it comes down to the features you want. Ideally, you have to consider storage space, bandwidth, and CPU cores. It comes down to the number of programs that you can run at the same time.