The Forex market is known to be rather volatile: situation changes quickly, and most of the time acting fast is crucial. While the majority of novice Forex traders prefer placing orders manually, you probably won’t be able to become a true professional without learning how to automate your actions. And that’s where VPS solutions come in handy, allowing you to set up effective Forex robots. In this article, we’re going to explain how the VPS technology works and tell you about the top 3 brokers supporting it.
How VPS works
VPS stands for virtual private server, and Forex VPS solutions are mostly just common virtual servers running a trading platform. This way, you can sustain a permanent connection to the market, allowing you to protect yourself from possible freezes, glitches, and other unforeseen problems. Some traders use VPSs to trade manually, but most use it to automate their trades. Forex VPS services are on 24/7 and can open and close positions for you even when you sleep.
Moreover, VPSs allow for faster order execution, lowering slippage and increasing your chances to be successful in catching the most suitable price. Back in the day, traders had to create their own trading software, but now there are many brokers who offer professional VPS solutions for free.
RoboForex is one of the most reputable Forex brokers, and it has a free VPS service that is provided once your account has at least $300. The lowest lot value is 0.01, and you can sign up with $10 as an initial deposit. The service is very convenient and user-friendly, so you can learn how to use it on your own in no time, even if you’re still a novice.
Another reputable and well-regulated Forex broker, Pepperstone provides a very useful VPS service, and you can start using it for free once you’ve reached the trading volume of 15 lots in a month. The service is extremely fast: the latency is just about a millisecond. That means you can be among the first traders to react to every market movement, and it can definitely be very useful.
XM also has a free VPS service, but you have to maintain a capital of $5.000 on your account to use the server. You also need to trade at least 5 standard lots each month to retain the right on the VPS service. The service itself is extremely fast and reliable, and it’s also quite novice-friendly, so you can learn how to automate trades even without too much experience.