VPS is the short form of ‘Virtual Private Server’, sometimes also known as ‘VPS hosting’. They are virtual proprietary servers that run independently of each other and have their own computing resources, and their functions are almost indistinguishable from those of real servers.
VPS allows traders to connect to the server remotely. In forex trading, VPS refers to a server that is located in the same data center as the trading broker's trading server.
After the VPS has been installed and configured, forex trading on the VPS can continue 24/7 without any disruption, even if the user's computer is turned off at home, or if he is away from his computer/mobile phone.
When you log in to the trading terminal, you will find that trading on the VPS is the same as trading regularly – the way you log on to MT4 or MT5 and place trades remain the same. Nevertheless, VPS provides you with distinct advantages that enhance your trading experience.
VPS is particularly suitable for traders who use EA (Expert Advisor) to automate their trading, which allows them to trade without interruption in case of accidents on their personal computers. VPS can function even in the absence of an Internet connection. In addition, VPS also offers anti-virus, protection against malicious attacks, and secure data backup.
Some forex brokers may offer VPS virtual servers to their clients for a fee but some may offer them for free. The complimentary VPS services usually come with limited functions and with certain terms and conditions tied to them.
Choosing the right VPS service may sometimes be as overwhelming and time-consuming as choosing the right forex broker because there are so many VPS providers in the market. If the wrong provider is chosen, a trader's performance and the trading account could capitulate entirely.
At WikiFX, not only do we help you filter out unreliable forex brokers with our query platform, but we also provide VPS services for traders at a price that is as low as a cup of coffee.
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