In such a competitive and fast paced market, every 1% counts. When it comes to latency, reliability and uptime, forex traders are giving a huge amount of their small edge back to the banks and the hedge funds. The quality of connection to your broker and the money markets are even more apparent for scalpers and intraday traders. Every few seconds of downtime or delayed connection can cost you a huge amount of pips, in relation to your potential profits! VPS servers offer uptime and low latency that makes forex trading a whole lot less stressful, however it’s a competitive market. There are a wealth of companies out there offering different services with different plans- so how do you know which one to go for?
In this article we’ll be taking a look at SimplyHosting, and putting it to the test. Is it worth using as your new VPS server? Let’s see how the offering compares to some of the best forex vps providers in the market. Read on to find out more…
What is SimplyHosting?
SimplyHosting are a VPS service based in the UK, with over 15 years of experience to offer customers. Seen in the name, they’re offering forex traders a simple solution to their internet problems with servers ranging from VPS to public cloud. With over 600,000 customers so far they operate in several different countries including the UK, Italy and Spain. Their servers allow for lighting fast internet connection with the uptime you need and as little latency as possible. Sounds good so far? Let’s delve a little deeper into what their company is all about.
SimplyHosting Forex VPS Features
There are a few features when researching this company that stand out to us. A few of these features might make them worthwhile to you when considering whether to use them as your VPS service or not.
1. Private Cloud Solutions
SimplyHosting’s team are able to offer customers customised hosting and networks, where you’re able to purchase a private cloud server. The solutions are fully custom built, meaning you’re able to build a server that works entirely for you, suiting all your needs and requirements. Why bother with your own private cloud you might ask? It enables your infrastructure to be located entirely on it’s own without the need to compete with other networks or security.
2. Instant Setup
There’s no need to faff around with the setup with these guys, their provisioning system Fabric allows them to deploy servers quickly, 24/7. If you’re needing a VPS solution rapidly, these guys have got it covered for you.
3. Premium Network
SimplyHosting operate their own IP transit network. With this, comes servers that can offer you optimal connectivity, ultra low latency, and the uptime that so many of us are needing to rely on whilst working with the forex markets. Their data centres are complex, designed at a Tier 3+ specification with award -winning Juniper networks.
4. 24/7/365 Support
There will be a little more on the customer support SimplyHosting are offering their customers later, however it’s worth noting as a great feature that these guys are on hand to help you out whenever you need it, whatever time of the year.
Plans and Pricing – How Much Does SimplyHosting Cost Per Month?
Let’s have a look at the kinds of plans that SimplyHosting are offering, along with how much they’re charging. Their main plans seem to be based around Dedicated servers, and VPS servers.
There are 6 different plans that SimplyHosting are offering, along with 2 bundles. Cheapest plans for a dedicated server start at £29 per month. This SF1.5 server comes with 4GB of memory, 2x 1TB of storage, and 5TB bandwidth. The processor also increases in complexity the more expensive the plan gets, so with this plan you’re getting the Intel Core i3-3220 at 3.3GHz- still a great processor. At your most expensive plan you’re looking at £320 per month using a Dual Intel Xeon Gold 5215 at 2.50GHz, with other more complex features. However, looking through their plans we would probably recommend their SF3 plan. It is a little pricier at £49 a month, however it comes with 8GB of memory, 2x 1TB of storage and 15TB bandwidth. Overall there are a lot of great plans to choose from, with price ranges to suit everyone.
Again, there are 6 different VPS plans to choose from. Their cheapest starts at £4.99 a month which is ideal for those who don’t have a whole lot to spend- the only downside to this as you don’t get a free Windows Server OS which comes with all other plans. We like the look of their M- SSD 3 plan. At £14.99 a month you’re getting a great deal with a 4vCPU processor, 8GB of RAM, and 80GB SSD storage. However if you’re wanting to spend more and get a bit more with your plan, it does go all the way up to £69.99 a month with more GB, storage and a higher level processor.
It seems there are plenty of options when looking at using SimplyHosting as your VPS server. Not to mention, you’re able to purchase private cloud solutions, WordPress solutions, and also hardware from these guys.
SimplyHosting Customer Support
Being able to rely on some great customer support is essential when purchasing anything from a company, and SimplyHosting is no different. They’re able to offer 24/7 customer support, 365 days a year. So you know that if you ever run into any problems when purchasing a VPS server from them, they’re there to help you out with it immediately. There’s nothing worse than not being able to get into contact with anyone if something messes up. They have several different options when getting in touch should you wish to do so via a form, including Sales, Support, General, Abuse, and Sell Your Portfolio
It’s very important when using a vps for forex trading that the level of support is great. Any downtime or errors can cost huge amounts in profit or lost opportunities and completely influence that weeks totals. Not only having access to support but high quality support that can actually be helpful, is key.
SimplyHosting Reviews- What Are Other Traders Saying?
Learning what other traders are saying about the company is always great when getting an idea of what they’re all about. You get to hear personalise stories about experiences and problems- if they’ve had any- and can get a well-rounded opinion on whether the company is worth signing up to.
We dove onto Trustpilot to see what other traders were saying. The company has an overall rating of Average- the majority of reviews are based in the Excellent category however some people have had bad experiences. The general rating is positive. As you can see here, this customer has generally had a good experience with the company however they did have an issue with payment. The company were quick to get in touch and resolve the issue, which we think is representative of how high quality their customer support is.
Conclusion – Is SimplyHosting The Best Forex VPS For Forex Traders?
In summary, we can safely say that we recommend SimplyHosting as your VPS server solution. They’re offering a great range of plans and prices for different types of servers which means that you’re able to find a solution that works for you, whether you want a VPS or your own private Cloud solution. Not only that, their level of customer support is fantastic and this is backed up by traders on Trustpilot.
All in all, if you’re looking to purchase a solution in order to achieve great uptime and super low latency, SimplyHosting might be the best option for you. The only real downside I see to Simply Hosting is the fact that they are not marketed solely for traders. A company like ForexVPS or CheapForexVPS is solely targeted to traders and the service is much more specific – something very important.
If you have any experience working with SimplyHosting please do let me know in the comments down below, I’d love to hear your experience.