Best Forex VPS: Guide to the MetaTrader VPS
When you need to define the ideal characteristics for the best forex VPS (Virtual Private Server), of course security will remain at the top of the list.
With favourable components combined – both shared hosting and dedicated hosting services – the option to use the best Forex VPS, such as the ever-popular MetaTrader VPS, is not one to ignore. Using, ideally, the best Forex VPS service brings plenty of advantages for your trading activity, and can certainly give you an edge over others, as you have a more developed framework to work and trade within.
Continue on in this article and find out everything you need to know about the best Forex VPS, and why you need to use it.
Table of Contents
Forex VPS: An Introduction
A Virtual Private Server (VPS) is a virtual machine which runs its own version of an Operating System (OS). Not to mention, although it goes without saying, it is completely private with no public access.
Virtualisation has been playing a growing role in all aspects of the economy – this is an undeniable fact. This is particularly true in the case of Forex trading and general CFD trading, which has become much more secure thanks to the help of VPS.
A VPS allows a multitude of trading software to run on a single physical machine. It is a virtual environment that can be hosted on a server, completely independent of the computer and the user. The server is secure, reliable and powerful, capable of dedicating itself to the deployment of Expert Advisors, ensuring uninterrupted operation.
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Purpose of a Forex VPS
So, what do you do with a dedicated server? A VPS allows the user to install the desired OS onto the server and thus perform tasks in a completely private and secure manner.
A VPS is rented from companies which provide the user with a set quantity of RAM (Random Access Memory), disk space and data transfer per month. Most of the best Forex VPS systems are equipped with a permanent power supply and can, therefore, run applications even when the user’s computer is switched off.
Best Forex VPS: MetaTrader VPS Service
There are many Forex VPS providers on the market to choose from, in fact, you can find them on the majority of certified Forex trading platforms. However, when it comes to the matter of deciding which is the best Forex VPS, we can absolutely recommend the MetaTrader 4 or MetaTrader 5 integrated VPS.
The MetaTrader trading platforms have integrated this service directly into their platforms (MetaTrader 4 and 5)! That means that every user can use the MetaTrader VPS service, which is called Virtual Hosting. By using this service, you have all the benefits of the best Forex VPS, combined with the simplicity of the VPS being integrated directly into the platform.
How Much Does a VPS Cost?
Much like any service, it depends entirely on the provider which you choose.
An entry-level VPS will be very inexpensive, with prices increasing for the more powerful machines. You can expect to pay anywhere between £1 and £50 a month for a subscription.
The MetaTrader VPS on MT4 and MT5 starts at 15 USD a month.
MetaTrader VPS: How to Trade
When you have set up your chosen best Forex VPS service, you should receive an IP address together with a username and password.
If you use Windows OS, you will use the pre-installed “Remote Desktop Connection” program to access your VPS.
If, however, you use Mac OS, your computer will not come with a program to access your VPS by default. Instead, you will need to download a program through the App Store, where you can actually download the same “Microsoft Remote Desktop” software for free.
Once the program is ready, simply enter your username and password to establish your connection. Here you will be able to view your virtual office and, if you are using the MetaTrader VPS, you can download the MT4 or MT5 trading platform. Integration is truly an ideal option for the day-to-day trader. Are you signed up to trade with us at Admirals? Go ahead and register for free now.
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Why Trade With the Best Forex VPS (MetaTrader)?
Whilst many traders use a VPS for automated trading, to ensure their robots are always running, a VPS can also be used for manual trading. Below we have listed three reasons why some traders choose to trade using a VPS, or our best Forex VPS, being with MetaTrader:
1. Continuous Trading
A VPS operates 24 hours a day, 7 days a week. It is not affected by power cuts or internet connection problems which may occur in your home. Instead, the software has been designed in such a way as that any potential technical or security problems are solved instantly.
These very common problems are a disadvantage for traders, who will be interrupted by them. Trading through a VPS provides protection against these issues.
2. Very Good Trade Execution
The ideal or best Forex VPS is able to offer an optimal level of trade execution. They are equipped with sufficient RAM allowing the execution of complex trading strategies, heavy in technical indicators, which may not be possible with a normal computer.
3. Trade Freely
A VPS is fully customisable. It is possible to install the OS of your choice (subject to compliance with the respective licensing agreement) and then add the desired functionalities.
A set quantity of RAM, disk space and data transfer volume will be allocated to you depending on your needs. It might not be possible for a trader to always have their personal computer at hand, however, with a VPS, they can connect from any device provided they have their credentials.
Advantages of Using the Best Forex VPS for Trading
- 24 Hours a day, 7 days a week continuous operation
- 99.9% operational connection time
- A VPS offers optimal connection speed
- They are continuously monitored to ensure its availability. This makes the VPS insensitive to power outages and technical errors
- Quick order execution
- Accessible anywhere and from any device
- A VPS allows you to choose any geographical location
Conclusion
As it is with any trade, skilled hobby or profession, your tools used will have a significant effect on your outcome - if you choose to use tools at all. When it comes to trading Forex or CFDs, generally speaking, we can say the more quality tools you have, the better your potential outcome and the more efficient you will be. A VPS, as we have highlighted, can be an important aspect of your trading strategy.
Other articles you may find interesting:
- Use MetaTrader Like a Pro With MT4 & MT5 Shortcuts
- Trading Risk Management: Top 10 Forex Risk Management Tips
- How to Start Forex Trading Guide 2024
Frequently Asked Questions
What is a Forex VPS, and why should I use it for trading?
A Forex VPS (Virtual Private Server) is a remote server that you can use to host your trading platforms and algorithms. It provides a stable and uninterrupted environment for executing trades, as it operates 24/7 and is independent of your local computer. By using a Forex VPS, you can minimize downtime, latency, and potential technical issues that could impact your trading activities.
How does a Forex VPS improve my trading experience?
A Forex VPS enhances your trading experience in several ways:
- Reliability: The VPS runs non-stop, ensuring your trading strategies are executed even if your local computer is turned off or disconnected.
- Speed: VPS servers are typically located near trading servers, reducing latency and improving order execution times.
- Security: Your trading data is kept secure on the VPS, safeguarding it from local threats like viruses or malware.
- Automation: You can deploy automated trading algorithms on the VPS, executing trades based on predefined conditions.
- Scalability: VPS plans can be tailored to your needs, allowing you to scale resources as your trading activities grow.
How do I set up and use a Forex VPS for trading?
Setting up a Forex VPS involves these steps:
- Choose a VPS Provider: Select a reputable VPS provider that offers servers in locations close to your broker's trading servers.
- Select a Plan: Choose a plan based on your trading requirements, considering factors like CPU, RAM, storage, and bandwidth.
- Set Up the VPS: Once you've subscribed to a plan, you'll receive login details to access the VPS. You can connect using Remote Desktop Protocol (RDP) for Windows or other methods for different operating systems.
- Install Trading Platform: Install your preferred trading platform on the VPS, along with any necessary indicators, expert advisors, or trading algorithms.
- Transfer Data: If needed, transfer your trading data, settings, and strategies to the VPS.
- Test and Monitor: Before trading, test your setup to ensure everything works as expected. Monitor your VPS performance and trading activities regularly.
- Security Measures: Implement security measures like strong passwords, firewall settings, and regular software updates to protect your VPS and trading activities.
Remember to consult your VPS provider's documentation or support for specific setup instructions, as they might vary based on the provider and the operating system you choose for your VPS.
INFORMATION ABOUT ANALYTICAL MATERIALS:
The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter “Analysis”) published on the websites of Admiral Markets investment firms operating under the Admiral Markets and Admirals trademarks (hereinafter “Admirals”). Before making any investment decisions please pay close attention to the following:
1. This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
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3. With view to protecting the interests of our clients and the objectivity of the Analysis, Admirals has established relevant internal procedures for prevention and management of conflicts of interest.
4. The Analysis is prepared by an independent analyst (hereinafter “Author”) based on the personal estimations of Alexandros Theophanopoulos (SEO and Content Specialist).
5. Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admirals does not guarantee the accuracy or completeness of any information contained within the Analysis.
6. Any kind of past or modeled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admirals for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
7. Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please ensure that you fully understand the risks involved.
