No matter where you are in the world, you need a rapid and reliable connection to your broker and the financial markets. Traders with faster and more stable connections immediately have an edge over those traders with delayed quotes. There’s nothing worse, especially as a day trader, than having your connection drop and MetaTrader 4 making that beeping noise as it’s trying to reconnect to the servers. You just cannot have this happening if you’re looking to trade for a living! This is where a forex VPS will come into play…
Cheap Forex VPS is a hosting provider offering a dedicated specific VPS for forex traders. In this article I am going to break down everything you need to know about Cheap Forex VPS; the pros, the cons and my own personal experience with the forex VPS offered. Let’s get into it…
What is Cheap Forex VPS?
Cheap Forex VPS is a Windows VPS service designed to help traders who are looking to run an EA on their trading account- whether that be live or demo. With plenty of experience, they offer a range of different VPS packages to those looking for secure and reliable VPS’ at a range of very competitive prices. Cheap Forex VPS claim to have unmatched prices without losing any of the quality you’d get from other VPS services available. This is very comparable to the companies on the best forex vps list. Read on to have a deeper look into what this service is all about.
Cheap Forex VPS Features
Below I’ve listed a few key features of Cheap Forex VPS that I believe are essential when looking to join a VPS service.
1. 99.9% Uptime
Cheap Forex VPS servers come with a guarantee of over 99.9% uptime which is essential when considering a service to go with. A reliable and fast connection can often be the make or break for traders and should be a core feature of any VPS service out there. Having at least 99% uptime is something very common in the industry now with the best forex vps providers.
2. Hyper-V (Virtualisation Platform)
Standing for ‘hyper-visualisation programme’, Cheap Forex VPS uses Hyper-V in order to make sure traders are provided with a platform with the highest quality features, ensuring you’re met with stability and consistency.
3. Best Price Guaranteed
The company claim to offer the most competitive prices out there regarding other VPS services, with prices as low as $3.73 a month. Cheap Forex VPS offer prices that even beat the money you’d be paying using your own server considering the internet, hardware and electricity bills you’d get from using a home one. They also make the promise that should you find another company out there that offers a price lower than theirs, they will MATCH that price for you! If you compare this to other top Forex VPS’s like ForexVPS or Accuweb, this is much cheaper!
4. Connected To The Best EU & UK Servers
Cheap Forex VPS is connected to the best EU and UK servers providing the backbone traders need to trade on a provider with high reliability and stability. Low latency won’t ever be an issue when using this VPS service. Low latency is extremely important if you’re going to be high frequency trading, or even having multiple forex accounts running on a trade copier MT4 Copier.
5. Full Support
As well as a high quality service, Cheap Forex VPS offer a support team to their customers which ensures that should you have any problems, you’re able to gain help from the company with ease. Their staff are trained in MetaTrader4 so know exactly what they’re doing and can help you in any situation, whether it be in the beginning when you’re setting your new server up, or later down the line should anything go wrong- though highly unlikely considering the quality of their services, things occasionally don’t go to plan and it’s good to know you have a team there to help you out should you need it.
What Are The Plans and Pricing
Not only do Cheap Forex VPS offer some very competitive, reasonable prices, they also have a range of different plans available to traders which means that everyone is catered to and have several options to choose from. The plans are paid on a monthly basis and all plans have a few core base features including:
- Built-in 24/7 technical support 365 days a year with Remote Hands & Eyes in the Data Centre
- State of the art SAS 70 Type II compliant data centres and network
- Core network security
- World-class network with powerful bandwidth capacity
- Industry leading name brand servers
Their Lite plan is available for only $3.73* per month! Compared to the other plans it only has a Europe datacentre, but offers all other Datacentre features including 99.9% uptime, a dedicated IP address and unlimited bandwidth. It’s a great option for those with less money to spend and needing less SSD Drive space.
At $6.19* per month, a basic plan is perfect for traders who need that little bit extra. SSD Drive space goes up to 15GB with a CPU of 768 Mhz – 3400 Mhz and RAM of 750MB – 1500 MB.
This plan comes with that bit more, for traders who are wanting to run between 5 and 10 terminals on a trade copier. A slightly higher price of $11.99* a month means traders are able to get 1536Mhz – 6000Mhz CPU and 1024 MB – 2048 MB RAM.
As their most expensive plan, the deluxe package offers traders a much higher level of terminals available to be run (10-25) for $20.99* a month. This plan is definitely most suitable for more experienced traders who are willing to spend more cash on their servers. The plan comes with CPU of 1536Mhz – 6000Mhz and RAM of 1024 MB – 2048 MB so the configuration is the highest quality.
*this price is available when purchasing two years of the service
Compared to some of the other forex vps options in the market like Accuweb for instance, these prices are extremely low. This kind of service will be PERFECT for beginner traders or just traders looking to run a few accounts on a trade copier.
Cheap Forex VPS Customer Support
24/7 support is essential to all those purchasing any sort of service such as a VPS. Should anything go wrong, it’s crucial to know that there are people who you can get in touch with to sort everything out and offer the support that you may need. Cheap Forex VPS pride themselves on the customer service they offer to their customers, particuarly as all their staff are trained in MT4 so you can really trust that they know what they’re doing The team are available to help right from the beginning when you’re setting your new server up, all the way down the line whenever you need them.
Support Tickets are a particular service used by the company, where traders can fill out a form for the team to review, meaning that it can be assigned to a particular area of the team who specialises in the problem you may be having. I have had a great experience with the support team personally, so I can certainly recommend them.
Cheap Forex VPS- What Are Other Traders Saying?
If you’ve read any of our other reviews like our prop firms reviews, you’ll know that considering what other people are saying about a service has always proven to be a vital part of the reviews. In our opinion it’s essential to get personal experiences that other traders have had with a VPS service so that you know whether you’re going to the right place or not. Let’s have a look at the Forex Peace Army reviews to see what others have been saying about Cheap Forex VPS.
Over all, the company has a rating of 4.2 stars on their website, which bodes pretty well for the company. Traders have praised the company for it’s great prices and excellent customer service as you can see below. It’s worth noting that because it is so cheap you may not be met with the highest quality out there compared to some high quality services like ForexVPS.
Of course there are usually some bad reviews which are worth considering when looking at which service to purchase. This user complained that the VPS ended up crashing too many times, which may indicate that Cheap Forex VPS is best suited to those looking at running less terminals at once and perhaps less suitable for those trading to an extremely high standard and needing more terminals open at once. If you’re looking to have more terminals running on a service like MT4Copier, I would recommend ForexVPS.
CheapForexVPS also has some reviews on MyFxBook. The company is rated 3.2/5 and has reviews dating back all the way to 2013. I’d definitely recommend having a read through some of the traders experiences if you’re on the fence.
In Summary- Is Cheap Forex VPS The Best VPS For Traders?
Overall, it’s clear that Cheap Forex VPS are a great option when looking at VPS services! They have a range of great qualities including great levels of uptime as well as extremely competitive pricing. Their range of packages means that most people are catered to depending on what CPU and RAM levels they need as well as the amount of terminals they need to be running at the same time.
In conclusion, we would definitely recommend Cheap Forex VPS as a good quality, reliable, well priced company when deciding on which VPS service you’d like to choose. I’d recommend using a more scaleable vps provider if you’re a professional trader running more terminals or a trade copier. I’d definitely say that ForexVPS is a much better option if this applies to you.