What Is VPS in Forex?
A virtual private server (VPS) – with regards to forex trading – is a dedicated hosting service or networked machine that runs a copy of your trading platform remotely. In other words, a VPS is a cloud-based computer with a trading platform that you can use from any device. Once installed, the VPS remains connected at all times – even if your own computer is disconnected from the internet.
A VPS service is suitable for people who want more flexibility and a better online trading environment. This is because it allows you to trade forex with optimum trading conditions and constant connectivity. You can use a VPS service to run automated algorithmic strategies, including Expert Advisors, 25/7 on a virtual machine. You can also use it to reduce the risk of downtime that might otherwise be caused by unexpected power failures, internet cuts, physical difficulties, and computer shutdowns.
Best Forex Brokers With VPS In Africa
There are lots of ways to use a VPS service to improve your trading.
Availability – Running trading platforms on your own device at home is fine as long as you have a good internet connection, and the device you trade on (whether it’s a computer, tablet or a phone) always works. However, if you want to keep your trading platform running 24/7, then it is better to use a VPS service. This is because VPS providers use excellent hardware and can guarantee almost 100% uptime.
Latency – Running trading platforms on your own device at home is fine as long as you live in a good location. If you live close to major trading hubs, like London, then you are likely to have a good connection to your broker’s servers. However, if you live far away, like traders in Kenya do, then you are more likely to have a slow connection. And slow connections can lead to slow trading, and slower price updates. VPS providers help solve this issue. This is because their VPSs are often located in key trading hubs. By connecting to the VPS, you are more likely to get a fast connection to your broker’s servers, and therefore benefit from faster trading.
Capacity – If you want to use more than one trading platform, then having a VPS service will help. This is because VPS are specifically created to help you increase your trading activity, and make use of more advanced trading software, without slowing down or crashing your computer. The best VPS providers can cope with high levels of activity, and they can therefore improve your online trading experience.
How To Choose A VPS Provider For Forex Trading In Africa
Availability – Before you sign up to a 3rd party provider, it’s worth checking whether your current forex broker offers a free VPS service. For example, HotForex and FXPrimus both offer free VPS services for forex traders, provided you meet their monthly minimum trading requirements. If you do some research in advance, then you can probably get access to a free in-house VPS service instead.
Compatibility – It’s important to check if the VPS is compatible with your online trading platform. For example, Metatrader 4 is more compatible with Windows-based operating systems. If you check what you need in advance, then you can choose the best provider for your individual trading needs, and you can ensure that you don’t waste money on a service you can’t use.
Cost – It’s important to check if the VPS is actually good value for money. There are lots of VPS providers to choose from and it’s worth shopping around. For example, all of our recommended VPS services cost less than £30/ month. If you do some research in advance, then you can choose the best provider for your budget and you can ensure that you don’t overpay for a service.
Location – It’s important to check if the VPS you want to use is in a good location. When it comes to data transmission, and trade execution, distance affects speed. For example, all of our recommended providers have data centres in key financial hubs. If you want to enjoy fast trading, then it’s important that you choose a VPS provider that operates out of major trading hubs such as London and New York. If you do some research in advance, then you can choose the best provider for your location.
Suitability – It’s important to check if the VPS has enough RAM and CPU power to handle your trading software. For example, some forex trading software requires a minimum of 2GB RAM for Windows based operating systems. If you check what you need in advance, then you can choose the best provider for your software. And if you’re unsure exactly what is on offer, you can always ask the VPS provider to provide more information.
Reliability – It’s important to check if the VPS provider is reliable. Most people invest in a VPS service because they want better online security, more stable connectivity, or a faster online trading service. There are lots of VPS providers to choose from so it can help to read reviews and see what kind of experience other traders have had with that service. If you research potential VPS service providers in advance, then you can choose the best provider for your individual trading needs.
How To Set Up VPS For Forex Trading
A VPS service is usually quite easy to set up. If you choose a free VPS service from a forex broker, then you can usually ask your forex broker to help guide you through the setup process and check everything is working correctly. If your VPS service is not working as expected,, you can also contact the forex brokers’ customer support team to report technical issues. If you choose a paid VPS service from a 3rd party provider, then you can usually find installation videos and setup guides online. You can also contact their customer support team if you need help or want more information.
Best VPS For Forex Trading In Africa
If you’re looking for the best forex VPS for trading in Africa, then we recommend looking at Fozzy. Fozzy is an established VPS provider that has been providing VPS services since 2018. They have a large number of clients and over 6000 servers. They operate data centres in key trading hubs such as New York, London, and Amsterdam. This makes them a good choice in terms of both location and reliability. Fozzy also offers low cost VPS services with packages starting from just $12.99/ month.
Reliable Forex VPS For Trading In Africa
If you’re looking for a reliable VPS forex service, then we recommend taking a look at MyForexVPS. They are a reliable provider that offers VPS services to forex traders in Europe, Asia, the US, and other markets. Their aim is to help traders get better connectivity and faster trade execution, no matter where they are in the world. MyForexVPS has data centres in key trading hubs such as the US, the Netherlands, Luxembourg, and Singapore. They also have reasonably priced VPS services with packages starting from just £19/ month.
Best Cheap VPS For Trading In Africa
If you’re looking for the best cheap forex VPS for online trading in Africa, then we recommend looking at Chocoping. Chocoping is a trustworthy provider that has been providing VPS services for many years. They have several thousand clients and over 6000 servers. They maintain data centres in key trading hubs such as New York, London, and Amsterdam, which makes them a great choice in terms of high connectivity. Chocoping also offers affordable VPS services with packages starting from just $12.99/ month.
Free Forex VPS For Trading In Africa
If you’re looking for a free forex VPS in Africa, then we recommend finding a forex broker that offers free VPS services. It’s important to know that many free forex VPS services usually come with certain terms and conditions. For example, FXPrimus is one of the best forex brokers for traders in Kenya, and they do have free VPS services. However, the FXPRIMUS VPS Service is only free for people who have at least $500 in trading their account, and who trade at least 5 standard lots round-trip on a monthly basis. The service is also available to other FXPRIMUS clients but they have to pay $30 per month.
Fastest VPS For Forex Trading In Africa
If you’re looking for the fastest VPS for forex trading, then we highly recommend considering Beeks FX VPS. They are a reliable VPS provider and have been offering services for several years. They offer excellent service and a high level of added security. Beeks FX VPS have data centres in key trading hubs such as New York, London, Singapore, Sydney, and Tokyo. They also offer affordable services with packages starting from just £27/ month.
Windows Forex VPS
If you’re looking for a Windows Forex VPS for trading in Kenya, then we recommend considering Chocoping, Fozzy, MyForexVPS, or Beeks FX VPS. They are all excellent VPS service providers with affordable pricing and a good reputation. They also have data centres in key trading hubs, enabling them to offer a high level of service.