What is Forex VPS
Forex VPS with MetaTrader support is a virtual server based on the Windows OS, designed for installing a trading platform and conducting trading on exchanges. You can use it for independent buying/selling operations or with the help of trading advisors (robots) that will trade for you. A trading advisor is a set of algorithms that provide automatic trading without your direct involvement. You just need to top up the balance on the trading platform, and the robot will perform all trading operations independently.
Advantages of Forex VPS compared to a regular VPS server
- Reliability and stability: Forex VPS servers provide high reliability and minimal downtime, which is important for continuous trading. Regular servers may be more prone to frequent failures.
- Minimizing latency: VPS servers located near brokers' trading servers ensure minimal order execution delay, which is especially important for traders using scalping and high-frequency trading. Regular servers may have higher latency, negatively affecting the speed of trade execution. For example, Zomro offers a choice of 3 server locations so that the trader can choose the closest location to the broker's trading servers.
- Autonomous operation: VPS servers operate 24/7, allowing automatic trading advisors (robots) to continuously perform their functions. Regular servers or home computers cannot provide the same stable operation without interruptions.
- Security: VPS servers provide additional levels of protection, including data backup and antivirus protection, reducing the risk of data loss and attacks. Regular servers may be less secure.
- Access from anywhere: You can connect to your VPS server from anywhere in the world using any device with internet access. This allows you to manage trading even remotely. Regular servers may be less convenient in this regard.
- Support and maintenance: Professional VPS providers offer technical support and regular server maintenance, allowing traders to focus on trading rather than solving technical problems. With a regular server, you are likely to solve all arising issues on your own.
How to choose a VPS plan for Forex
Choosing the right plan for Forex trading from a hosting provider includes several key points.
If you are engaged in currency operations, you probably have several trading accounts with different brokers and at least two trading terminals. Choose a plan that provides sufficient CPU performance for all your terminals.
For example, if you are a beginner trader with two terminals, a VPS with a CPU power of at least 400-450 MHz is required for stable operation of two trading terminals. Also, if you use MetaTrader and CTrader terminals simultaneously, each of them should work without delays and interruptions.
If you use multiple trading advisors simultaneously, choose a plan with higher CPU power. For example, for 3-4 terminals and several advisors, a VPS with a CPU power of about 600-800 MHz may be required. For most trading terminals, 250-300 MB of RAM is sufficient. However, if you use multiple terminals or complex advisors, choose a plan with 2-4 GB RAM. This will ensure smooth operation and minimize the risk of freezes and delays. For example, if you plan to use multiple trading terminals and trading advisors, the Forex VPS 2 plan from Zomro may be an ideal choice. This plan offers sufficient power for stable operation at an affordable price, starting from 4.75 euros per month.
It is also recommended to choose a VPS with at least 5 GB of disk space. This will provide enough space to install all necessary applications and data, such as MetaTrader, your trading advisors, and other necessary tools.
It is important to consider the location of the VPS servers. Choose servers located closer to your broker to minimize latency and increase the speed of trade execution. This is especially important for strategies where every millisecond counts.
Install the Windows operating system on your VPS, as it is best compatible with trading platforms such as MetaTrader. At the same time, do not forget about the need to purchase a Windows license to ensure legal and stable operation.
Thus, considering the number of terminals used, trading advisors, and other requirements, you will be able to choose the optimal plan for successful Forex trading.