Forex trading is not a simple concept and yet millions around the globe choose to partake in this market. The charm of forex is its consistent results, convenience, and learning opportunities. Perhaps that is why it has emerged as one of the most rewarding investment options for market participants around the world. But before you consider moving your capital in the forex market, a small or medium-scale trader must be aware of the risks and profitability of this attempt. Large-scale forex investors have no trouble in paying a huge sum of money to locate trading engines and provide them security as well as the flexibility to trade whenever they want. You could do the same using some of the best VPS providers for forex trading in India.
What role does VPS play in forex trading?
When we trade forex, we depend on the abilities of our preferred forex broker to act as an intermediary to place our orders quickly and ensure that traders can get their expected results by managing their risks and other factors. But very few forex enthusiasts know about how VPS (Virtual Private Server) can help them make the most of the market opportunities. To understand where a VPS stands in terms of forex trading let us familiarize ourselves with it.
As the name suggests, a virtual private server is a kind of virtual computer that can function without requiring a user. It was designed several years from now with the purpose to provide a dedicated and secure server to other such virtual servers through cloud hosting. VPS is preferred over VPN as they are faster and equally dependable. Many business establishments utilize VPS service as it allows them to choose their bandwidth.
The features of VPS come in handy for traders who dabble in foreign currency markets daily using expert advisors. It can increase the speed of execution of orders, reduce delays (or slippage) that usually occur in transmitting orders, and therefore, add to predictability while trading from a local machine. VPS in forex is a must if you want to experience trading with consistent uptime without any network failure. Millions of traders get it from a VPS provider of their choice and install MT4 on it to begin a seamless trading journey. All you need to have is:
- A stable internet connection.
- A remote desktop network.
- VPS address and password from the provider.
A good VPS with a commendable backup allows your EAs to run 24/7 through your local workstation independently.
Why do you need a VPS for forex?
VPS offers many benefits as briefly mentioned above but here are 3 main reasons why having a VPS makes all the difference while trading forex.
- It ensures that the trading platform (either MT4 or MT5) stays online.
- VPS significantly lowers the chances of suffering from losses due to unpredictable power outages.
- Those who utilize automated robots and Expert Advisors need their machines to operate 24//7 which is only possible with VPS.
- When you use a VPS located near your broker, you could unlock even faster order placements and executions.
- Enhancing the speed of opening/closing trades in the forex field means better chances of winning trades.
- One could trade from anywhere in the world with a solid VPS because it allows traders to connect to their chosen trading platform needing only an internet connection.
- As VPN helps create a proxy for traders enabling them to virtually trade from different locations, it saves you from any international implications.
Characteristics of a good VPS provider
Though VPS sounds like an ideal piece of technology best suited for automated forex trading but finding the right VPS provider can be extremely difficult.
- Costs
An ideal VPS service has to be affordable for the user since most of the traders who tend to utilize a VPS are generally newcomers. These individuals do not have a huge budget to fit in a service like premium VPS.
- Fast
VPS has been designed to work consistently better and faster than the standard way of trading forex. Many forex enthusiasts who are serious when it comes to forex robots use a VPS for a blazing fast trading experience so that there is no chance of missing a single trade.
- Low latency
The high latency of an internet connection is what makes important processes run in a sluggish manner. Forex traders using an automated robot would never want to lose their connection and to achieve that they need low latency VPS.
- 24/7 reliable
In an ideal forex trading scenario where the real money is involved, traders do not wish to see a power outage, slow systems, or disrupted internet connection. When you have a good VPS as your backup, such risks are reduced.
- Highly secure
Every investor has to pay attention to the security factor while executing any type of trade. In the same way, as experts tell you to choose a broker with high-security features, VPS services also need to be double-checked before using them for trading.
List of best VPS providers for forex trading in India
Due to the increase in forex trading in India, several companies offer best-in-class VPS hosting for forex. Some of them are globally renowned forex brokers like IG, TD Ameritrade, etc., which support MT4, MT5, and even cTrader platforms. Other options for finding the best VPS providers for forex in India are entities like AccuWeb Hosting, FXVM, JavaPipe, etc. In the following section, we shall discuss 3 top brokers that accept Indian clients and allow VPS.
Some Brokers Allowing VPS
OANDA
This broker has made quite a name for itself since 1996 as a reputed, regulated, and reliable forex broker that allows VPS. Its headquarters is based in the USA while many of its registered offices are spread out across the globe like in Canada and Australia. OANDA operates as per the regulations handed down by the ASIC, which is a leading Australian regulator. Despite having no affiliate programs, its trading platform is best suited for VPS.
Features:
- Unlimited demo accounts are available through OANDA for new users to get themselves familiarized with the platform.
- Mobile trading by this broker is perfect for those who want to trade forex on the go using their mobile devices (both iOS and Android).
- Its standard account for live trading is made to be used by both experienced as well as beginner forex traders.
- Other than license from the ASIC, OANDA also holds a license to operate from FCA, MAS, NFA, etc.
Visit Oanda for more information.
City Index
This 20-year-old forex broker supports VPS on its credible trading platform for the convenience of new and veteran traders. Its features and product offerings make it a safe bet for any trader looking for a VPS broker.
Features:
- City Index platform comes with professional charting and customized indicators to ease trading.
- There is a real-time market newsfeed and a mobile trading app available for users allowing them to trade on both computer and tablet.
- Zero commission broker City Index only charges spreads betting on shares with safe and free-of-cost withdrawals.