VPS (Virtual Private Server) is a very important component for running Algorithmic Trading to generate passive income. Most of the trading bots or Expert Advisors (EA) will have to run 24 hours for 5 weekdays to monitor the market and perform trading. You also have to ensure the internet connection is always great and reliable. Hence, running EA or trading bot on your own home pc is not making sense. VPS for Forex EA is the right solution for this scenario.
However, VPS comes with a monthly cost. In the past, our team has been using Amazon Web Services. It comes with a free tier that allows you to use it for one year free, but after one year, it probably will cost you around USD30 per month for the lowest end of VPS. For the lowest end of EC2 instance, as it is really low spec and we have received feedback that sometime you will have challenges login into the server using a remote desktop. This is not good especially when it is a critical moment that you have to adjust your setting on EA.
After significant research by our team, we finally found one VPS provider that t gives a good balance of cost and quality. Our recommended VPS for Forex EA is Interserver.net
The following are the reasons that we recommended Interserver.net
- It is one of the cheapest in the market with as low as USD10 per month for a server of 1 CPU core, 2GB of memory, 30GB of storage, and 2TB of data transfer. This server spec is sufficient enough for you to run at least 5 Metatrader there.
- Their pricing structure is very simple and attractive. If you need a bigger VPS, you can get a 2 CPU core with 4 GB memory for just USD 20. You can refer to the pricing list as below.
- Your VPS will be hosted in the United State where most of the brokers will have their data center there.
- The setup is relatively easy compared with other VPS providers. We are working on a video to guide all our clients on the setup. We will share it here when it is ready. For the time being, you can refer to the Cheap Forex VPS Setup Guide.
Other than VPS for Forex EA, Interserver.net also provides standard web hosting, Dedicated Server, Storage, WordPress VPS, WebBuzo VPS, and other hosting services. You can explore more at their website.
Alternatively, you also can look for Forex Brokers which provide free VPS for their clients. Normally, there will be some requirements to get a free VPS server. Both of our recommended Forex Brokers – FBS and FPMarkets provide free VPS services.
For FBS, as long as you deposit USD450+ and trade a minimum of 3 lots per month, then you will get a very good VPS with 2 CPU cores and 4 GB of memory. This indeed is a very good deal in the market. If you are looking for a good broker, you should really try FBS. For FPMarkets, you will be required to trade a minimum of 10 lots per month to be able to get the free VPS.