Forex trading has quickly become one of the most lucrative markets across the globe. As we lean further into a decentralised future, the Foreign Exchange market has become popular amongst international traders.
As a market that was once reserved for large-scale organisations, forex Trading has increased by 300% in just the last 15 years and is now open to just about anyone who hopes to make a profit when trading currencies.
However, as FX trading becomes popular in a volatile online market, how can traders ensure that their exchanges are secure and reliable?
This is where virtual private servers (VPS) come into play. For FX traders and brokers that are regularly interacting with the Foreign Exchange market, investing in a VPS provider could be the difference between a profit and a loss.
Why choose VPS for forex trading?
Forex is constantly evolving. Both traders and brokers are searching for new ways to maximise productivity in a fast-moving market.
Trading on a VPS server does just that. As an isolated environment that runs on a cloud server, VPS hosting provides traders with greater levels of security, scalability and minimises latency.
“In order to maximize their productivity, forex traders need a VPS. No matter where you are, you can consistently perform exchanges without much hassle,” says Priti Mujumdar, marketing manager at MilesWeb. “In comparison with PC usage, a VPS offers maximum security and fewer restrictions.”
Essentially, forex VPS is a cloud version of your computer. This cloud version can be remotely operated from pretty much any device from anywhere in the world. VPS allows traders to run automated trading and execute trades 24/7 with minimal latency, giving you the safety and security needed.
From security to scalability, VPS hosting is the future of forex trading. With this in mind, let’s have a closer look into why it is an essential component for success.
Trade anywhere, at any time
Investing in a VPS server opens up your avenues for forex trading. No matter whether you’re sitting beside your own PC or on a holiday far away from home, you can log into a VPS server from anywhere.
Not only does this give you the power to trade anywhere at any time, but also provides you with more control over the market.
Better still, VPS servers support automated trading too. If you invest in a secure forex VPS, your bots can execute trades during the middle of the night, when your computer is turned off and even when the power goes out. Automating your trading in a secure and reliable system opens you up to more opportunities for profitable exchange and means that you are not confined to a certain pace.
Increased defence against cyber attacks
Did you know that more than 800,000 people experience a cyber attack every year?
If you’re concerned about the security of your trading efforts, a VPS provides a secure and reliable system for the safe transfer of currency. In fact, most VPS servers are also equipped with built-in firewalls, antivirus software and up-to-date security frameworks that aim to mitigate any potential threats.
Say goodbye to slippage
Trade execution delays could be the difference between a profit and a loss. Without a secure VPS network, the distance between your PC and the broker's server could cause unnecessary transaction delays, which in turn affect your trading profits.
Investing in a forex VPS server could reduce slippage time and ensure that your trades are executed promptly. With a current network latency of fewer than 5 milliseconds for connections to over 82% of brokerage servers, MetaTrader’s VPS feature offers traders the ability to execute trades with minimal delay.
As automated trading grows in popularity, MetaTrader’s 99.99% uptime guarantee also ensures that all trades, no matter where or when they are executed, reach their destination at optimum speed, regardless of a lack of internet connection or a potential power cut.
How to get started
Before you invest in a forex VPS, there are a few things to consider when choosing the perfect server for you.
You should make sure that your forex broker offers a VPS service, as some charge a monthly fee for this service.
After implementing a major service update based on valuable feedback from loyal brokers and traders, the popular forex VPS platform MetaTrader is offering free access to their traders under predefined terms and conditions.
"Free specialized hosting for automated trading is a valuable asset and a significant advantage over competitors,” comments Renat Fatkhullin, CEO of MetaQuotes. “In a highly saturated and aggressive market, any compelling argument can tip the scales. We believe that the updated service will assist brokers in improving their business performance."
The forex trading landscape may be evolving, but those who step into a VPS-powered future will find themselves ahead of the market curve. From reliability to security, VPS hosting is essential for any trader hoping to see success.
All views and opinions expressed in this article are the opinions of the author and not FXStreet. Trading cryptocurrencies or related products involves risk. This is not an endorsement to invest in or trade any of the cryptocurrencies, stocks or companies mentioned in this article.
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