Imagine missing out on a good trading opportunity because your PC went off, or you weren’t around to keep check? With a Forex VPS, you don’t have to be left out. There are numerous companies that can host your forex software on their VPS so you can monitor your activities from anywhere.
Basics of foreign exchange
When it comes to foreign exchange, there are online trading platforms where you can have a look at the market and carry out currency trades. The most popular is the MT4. The platform is usually hosted by brokers who are the link between traders.
As a trader, you need an expert advisor (EA) to look out for the best opportunities on the platform. An EA is a program that generates trading signals and alerts you when there’s a potential opportunity for making profit. The tool sends orders to the MT4 server according to the parameters set.
What is a Forex VPS?
A Forex VPS is a service where you deploy your expert advisor (EA) on a VPS hosted by an external service provider. It comes with so many advantages. They include the following:
- You get access to your platform from anywhere through the internet
- Trading is automated, meaning you do not need to be glued to your screen
- High maintenance and security level
- Faster trade execution
Here are some companies offering Forex VPS in South Africa:
With just $19.19 per month, you can get started with an Accu web hosting Forex VPS package. The server runs a Windows 2016 OS and let’s you host up to 4 instances. The package comes with 40GB storage, 1GB ram, and 1TB monthly bandwidth.
2. Hot Forex
When you deposit a minimum of $5000 with Hot Forex, you get to enjoy the bronze Forex VPS package. It comes with 1300 RAM and 25GB disc space. The EA is hosted in a Windows 2012 server.
If you are a premium account holder with FxPro, you get free Forex VPS hosting. The Windows 2012/2018 server comes with 1300mb storage, 1 CPU and 25GB bandwidth. Those not having an account get the package at $30 per month.
At ForexMart, clients get 1GB RAM and 25GB HDD storage with a Windows 2008 VPS server when they deposit at least $500. You will also need to trade at least 0.5 round turn lots to maintain the server.
At Woza Africa, we offer Forex VPS that is engineered for optimum performance. All you need is to deploy your Forex Software. Our VPS specification include 2GB RAM, 25GB SSD, Windows at R350.