For traders suffering from unreliable internet and low latency, purchasing a VPS may be the best way to protect your trading career. There are many VPS services out there offering solutions to your problems which definitely makes it harder to make a decision.
This article will offer a full review on the FXVM Forex VPS service so you can make a decision about where to achieve optimal connectivity and how the offering compares to that of the best forex vps providers in the industry. Lets get into it…
What Is FXVM?
Founded in 2013 and with almost 10 years of experience, FXVM are a Forex VPS service. Hosting platforms such as MT4, with the aim to help traders to achieve high uptime with low latency and get the best out of their internet use.
They offer specific Forex VPS packages that are perfect for traders with EA’s, bots, algorithms or just looking to a better connection to the markets. With servers all over the world, FXV, comes with several key features that make it stand out from other forex VPS services.
FXVM Forex VPS Features
FXVM offers a range of perks and features that make it one of the best forex vps providers in the market. They rise above a lot of the competition in many ways and it’s clear to see why the company is so highly rated and respected within the industry. Let’s take a look at some of the features…
1. 100% Uptime Guarantee
Being able to trade efficiently with the best internet possible requires an uptime percentage that you can trust. With 100% of uptime being guaranteed by FXVM, it’s easy to see why you’d choose them as your VPS service. Traders won’t have to worry about operational failures or poor internet meaning they can be confident when trading using FXVM.
2. Multiple VPS Connections
Optimal connectivity is simply not possible with just one server. FXVM have servers in countries all over the world with trustworthy, high quality providers such as Equinix, Global Switch and Internap. All VPS packages on FXVM use servers in London, New York, Amsterdam, Zurich, Frankfurt, Singapore, Hong Kong, and Tokyo. This is crucial for traders looking for low latency and I really wouldn’t even consider any of the best forex vps providers if they do not have multiple data servers worldwide.
3. Any Trading Platform
With all packages on FXVM, traders can use this VPS confidently knowing that they’re catered to no matter which platform they use to trade with. We know first hand how annoying it is to find out a company doesn’t make the effort to allow traders to be able to work according to what they’re used to and what they can get the best out of. This includes MetaTrader, cTrader and any other platform that can run on a Windows OS.
4. Low latency
Would it even be worth reviewing if the VPS service couldn’t guarantee low latency? Especially key for traders on lower time frames or on HFT, low latency ensures super fast order execution and no time worrying about delays. Low latency means fast execution which leads to more pips per trade. Not only does FXVM have low latency, they actually let you see the latency on the worlds top forex brokers before you sign up. You can see their broker latency page here.
5. Excellent Support
It’s always good to know you’re able to get in touch with the team quickly should anything go wrong whilst using their VPS. FXVM seem to have a really high quality, reliable customer support service offering a range of different contact details so you can get in touch with them no matter what you use. This is made evident from Trustpilot as thousands of traders are praising the support team for their hard work and quick fixes to problems.
What Are The Plans and Pricing?
FXVM offer a range of different VPS plans which is a really positive feature as it means that traders looking to spend different amounts of money or looking for different levels of VPS plans can be catered to as well as being able to upgrade if needed. Below we’ve delved a bit deeper into what each of the plans can offer you…
As their most basic plan, the Lite VPS costs £14 per month. It has 1 CPU core, comes with 1.5GB of RAM and 40GB of storage. This is ideal for traders who are looking to run 1-2 terminals at a time with the same quality of uptime and low latency guaranteed. If you’re running just a few accounts or maybe a funded account, for MyForexFunds for example, this will be enough for you.
This plan is the next level up from the Lite VPS plan and costs £21 per month. It is slightly more advanced than the cheapest plan and is able to run 3-4 terminals at once. It comes with 2GB of RAM, 60GB of storage and has 2 CPU cores.
At £36 per month the Advanced VPS plan is that bit more expensive but is better suited to those who need a slightly more advanced VPS server. It has 4GB of RAM, 70 GB of storage and is able to run up to 4-6 terminals. I would personally recommend this plan for professional traders or traders running prop firm accounts like the FTMO Challenge.
The fourth and final plan is ideal for those needing a more in their plan. It is the most expensive, at £145 a month. This level of plan can run 32 servers at once with a huge 120GB storage and 16/32GB of RAM. It takes the longest to set up taking 24-72 hours (compared to 5 minutes with all the other plans) however this understandable given the complexity of the plan.
It’s great to see FXVM catering to those who need a VPS server on a large scale as well as to those needing slightly less included within their plan. This is going to be overkill for the majority of retail trader just with a few MT4 accounts on a trade copier.
FXVM Free Trial Period
Okay, it’s not free but it’s close enough. FXVM offer a weeks worth of VPS service for just £0.99! This is extremely cheap and allows you to trade on one of their VPS’s to see if it would work for you. If not, you cancel and you’ve only spent £1 but from looking at the reviews online, most traders do tend to stick with the service after having their trial period.
I personally really like the idea of ‘try before you buy’ so I’m glad FXVM is offering this. I don’t believe any other forex VPS service is doing this right now for traders.
Why Use A FXVM VPS?
There are a number of reasons why a trader might want to use a VPS instead of running their business just from a local computer. The main two reasons are:
1. Run Multiple Instances Of MT4
The most common reason traders use a forex vps is to run multiple MT4 accounts at the same time. If you’re wondering how to do this, I have a full guide on how to have multiple MT4 instances within 5 minutes here. But why would a trader want multiple MT4 accounts?
This is so traders can trade on multiple accounts at the same time, using a forex trade copier. Trade copiers automate the process so your trades will be automatically replicated across multiple brokers at the same time. This of course can drastically decrease risk and increase profits – hence why it’s so popular!
Having a trade copier running on your FXVM VPS, like MT4 Copier, will allow you to trade multiple funded accounts too, from prop firms. For instance, you could have…
- MyForexFunds $50,000 Instant Funded Account
- DT4X Trader $50,000 Instant Funded Account
- FTMO $400,000 Challenge Account
All of your online prop firm funded accounts could be automatically copying trades from just one master account – drastically increasing your assets under management and monthly profit!
2. Having Better Market Conditions
In forex trading, your edge over the market is very small. When you have a very small edge, literally every single pip can count and this is where execution speed can be very important. If you have a 30 second delay on opening a trade, that price can have already moved so much that when combined with your spread you may already be 6 pips worse off. 30 seconds is a bit of an exaggeration but for lower time frame traders, having access to the fastest and most reliable market conditions is so important.
FXVM Customer Support
Reliable customer support is super important. It’s good to know that you’re able to easily get in touch with the company should anything go wrong with your VPS. FXVM have multiple different accounts offering support to their customers including Facebook, Twitter and Instagram.
Even better is their 24/7 Live Chat which we personally believe is a massive bonus. It’s worth noting that they also have a FAQ area and a Knowledge Base which is ideal for traders looking to either expand their knowledge a bit when it comes to VPS or have any specific questions about FXVM’s particular service.
I have learned first hand how important it is to have a useful and knowledgeable customer service team when you’re in the financial markets. Just having a few hours of down time on your server can cost a huge amount of money, in terms of losses and missed opportunities as well – hence why having this support is so crucial.
FXVM – What Are Other Traders Saying?
When reviewing VPS services, or in fact any services, it’s important to look at the experiences other traders are having in order to gauge whether this is a service you want to be involved with. If you’ve seen any of our prop firm reviews you’ll know how important this is.
The VPS service has an overall rating of ‘Excellent’ on Trustpilot which is great to see as it means other traders have had the same positive experience that we’ve had. In particular it’s been praised for it’s effortless, easy to use service that provides a really stable VPS which takes away any worries that traders have in the firs place about uptime and low latency.
The praise that FXVM are receiving on Trustpilot definitely supports our own opinion of it- it’s looking like a really great VPS service to consider. It’s also worth noting the huge volume of reviews too. Some other forex VPS providers only have a handful of reviews, whereas FXVM has only 1400 on just this website alone – which is great to see!
Summary- Is FXVM The Best VPS For Forex Traders?
To sum it up, we would recommend FXVM as one of the best VPS services out there. The company has a really good range of features, including low latency, 100% uptime and a variety of packages to choose from. The uptime stood out to us the most as well as the wide range of plans which would mean traders from different backgrounds and levels of experience are able to find a plan that works for them and their price range.
FXVM is definitely a company that is supported by a lot of traders who have used the service previously so we are definitely not alone in our opinion! Overall, we would highly recommend FXVM to be your next VPS service provider. The service provided by this company is very similar to that of the service provided by ForexVps.