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Best VPS Forex Brokers of 2024

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2024

What is VPS in forex trading ?

VPS stands for Virtual Private Server. A VPS enable traders to execute trades at much quicker speeds, as well as providing the security benefits of a server which is owned and operated by a large corporation. The use of virtual private servers also to allows traders to run forex software on a server which has continuous service so that trading can go on round the clock. This makes the use of a VPS perfect for traders who use of expert advisor (EA) software, which enables traders to automate the execution of many trading and analytical processes.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Low-Latency VPS Forex Brokers

Here are the forex brokers with a low-latency VPS.

  • FOREX.com
    - 9.4/10 Overall
  • AvaTrade - 8.7/10 Overall
  • OANDA - 8.5/10 Overall
  • FXCM - 8.5/10 Overall
  • Admirals - 8.5/10 Overall
  • Pepperstone - 8.4/10 Overall
  • XM Group - 8.4/10 Overall
  • FP Markets - 8.3/10 Overall
  • FxPro - 8.1/10 Overall
FOREX.com
9.4/10 Overall
Minimum Deposit$100
Tier-1 Licenses7
Tradeable Symbols (Total)5500

FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
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A Global Market Leader!

(Trading forex carries a high level of risk.)

AvaTrade
8.7/10 Overall
Minimum Deposit$100
Tier-1 Licenses4
Tradeable Symbols (Total)1260

AvaTrade is a well-rounded, highly trusted broker that offers excellent educational resources for beginners and great tools for copy trading. AvaTrade's commissions and market research are about average, and traders gain access to AvaTrade's proprietary platforms and the full MetaTrader suite.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
OANDA
8.5/10 Overall
Minimum Deposit$0
Tier-1 Licenses7
Tradeable Symbols (Total)1744 info

OANDA is a highly trusted broker that delivers strong market research and support for a range of third-party plug-ins and platforms (like MetaTrader 4 and the wildly popular TradingView). OANDA’s Trade desktop platform is good, not great, but the mobile version is easy to use and boasts a great balance of features.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes info
FXCM
8.5/10 Overall
Minimum DepositStarts from $50
Tier-1 Licenses4
Tradeable Symbols (Total)440

FXCM is a highly trusted brand that offers multiple trading platforms for algorithmic trading and social copy trading, along with a proprietary platform suite and access to MetaTrader 4. FXCM is great for beginners due to its wide range of educational content. It's worth noting that pricing at FXCM is just average.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Admirals
8.5/10 Overall
Minimum Deposit$100
Tier-1 Licenses4
Tradeable Symbols (Total)8702

Admiral Markets is a highly trusted multi-asset broker regulated in multiple reputable jurisdictions. Admiral Markets delivers a powerful MetaTrader experience with advanced supplemental features. With numerous platform add-ons and tools, copy trading, premium market research, and excellent educational content, Admiral Markets is a good choice for forex traders. Read full review.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Pepperstone
8.4/10 Overall
Minimum Deposit$200
Tier-1 Licenses3
Tradeable Symbols (Total)2342

Pepperstone is a highly trusted broker that offers a growing number of tradeable markets and support for third-party platforms such as TradingView, cTrader, a variety of copy trading platforms, and the MetaTrader suite. Traders at Pepperstone also gain access to high-quality research content in both written and video format.

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
XM Group
8.4/10 Overall
Minimum Deposit$5
Tier-1 Licenses4
Tradeable Symbols (Total)1429

XM Group is a trusted broker known for its robust educational materials and quality market research. Traders at XM Group gain access to the full MetaTrader platform suite along with trading tools provided by Trading Central. That said, XM Group doesn't offer any proprietary platforms, and its range of markets and trading costs could improve.

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
FP Markets
8.3/10 Overall
Minimum Deposit$100 AUD
Tier-1 Licenses2
Tradeable Symbols (Total)10000

FP Markets delivers excellent pricing and access to the full MetaTrader suite, as well as cTrader and its own copy trading platform. That being said, FP Markets' pricing is not as low on its IRESS platform, which is optimized for share dealing. FP Markets fares well across most key categories, though its research and education have room to improve.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
FxPro
8.1/10 Overall
Minimum Deposit$100
Tier-1 Licenses2
Tradeable Symbols (Total)2249

FxPro is a trusted brand that delivers access to a wide range of trading platforms, including cTrader, the full MetaTrader platform suite, and its proprietary FxPro Edge and BnkPro apps. Algorithmic traders will appreciate FxPro's execution methods and pricing options, but spreads and overall costs at FxPro are higher than average.

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes

VPS and Latency in Forex

In a technical context, a lot of what happens in the forex market is packaged and sent out as data, be it news feeds, price feeds or transmissions of trade orders. Just as it takes time for you to travel from one town to another, it also takes time for data feeds to transit from point A to point B; in this case from the trader's computer to the broker's server and back. This time delay is what is known in forex as latency. Latency is measured in milliseconds. The lower the latency period, the faster the trader can get price feeds and get trades executed.

Latency is a phenomenon that is a constant in forex. Latency always exists, because simple physics dictates that it must take time for data feeds to travel from trading stations across the world to the broker's servers. With forex trading, faster is better and the challenge has always been how to reduce the amount of time that data feeds travel between trading stations and servers so that faster executions of trade orders are attained.

Institutional traders invest millions of dollars in building the fastest fibre-optic transmission cables to carry their data to and from the servers of the exchanges where they trade. On top of that, some will have thier offices in the same building as the exchanges to further reduce the distance their order requests must travel before they are executed. Retail traders in forex do not have the luxury of such resources. As such, their best bet is to host their software on servers that are in close proximity to the broker's servers to improve their trade execution times and reduce the likelihood of requotes. This is where the forex VPS comes in. Brokers will offer a VPS server usually in close proximity to their servers which their traders can access to run their trading software to execute their trades.

How to get a Forex VPS account

The process of using a forex VPS starts with subscribing to a VPS plan from a provider. Each plan has its specific features when it comes to number of CPU cores, the bandwidth (RAM) and the storage space. There are hundreds of VPS providers available but a simpler option is to find a broker that offer their traders VPS technology. Some brokers will even offer a free VPS account for traders that meet certain requirements, like having a live forex trading account with that broker. This should also make it easier to find a VPS that is acutally located close to the brokers own servers.

How to Install an EA on a Forex VPS

Installing programs on your Forex VPS is exactly like installing them on a normal PC running Windows. Simply use the pre-installed web browsers (Chrome or Internet Explorer), to navigate to the software download, then run the .exe or install file, and follow the prompts to install the software. All default settings and locations will be appropriate.

If you are using a broker's VPS server, make sure it is one which can serve your needs. The most important factor to watch out for is stability and uptime. A stable VPS connection is one which is not affected by activities of other users.

Step 1: Find a broker that offer VPS. The broker will then send you BDP files from the broker to attach to the local computer. Download your broker's RDP and save the files to the desktop of your local computer.

Step 2: Launch the forex VPS application by clicking on the remote desktop (RDP) icon on your desktop. This will attempt to launch the remote desktop application, which connects your local computer to your forex VPS.

Step 3: In the next pop-up window which shows, enter the admin username and other details provided by your broker.

This should connect you to the remote desktop which is where your broker has hosted the MT4 client and the forex VPS.

Benefits of Using a VPS and EA for Trading

Trading with a VPS has several advantages.

a) Traders are able to run EAs on their trading platforms 24/7 and capture more trade opportunities than they would have running the EA from a local computer. If the trader is renting an EA and pays a monthly subscription, then it would make all the sense in the world to get the EA to do more work.

b) Using a forex VPS removes the element of computer crashes and network disconnections, which can be a major distraction for the trader.

c) Using a forex VPS to run your EA will mean your trades will run even if you do not have access to your computer, this is why traders who cannot constantly monitor their trades could benefit from using a VPS system

.

d) A forex VPS hosted adjacent to the broker's servers reduces the distance your trade orders need to travel decreasing the chance of slippage and latency issues.

e) Security is another element of forex VPS trading. Using EAs and add-ons on a VPS removes the possibility of local computers being infected by malware and other malicious programs that may have been encoded into a forex EA or add-on. Since forex VPS systems are built with innate anti-malware and antivirus software, they can take care of these threats without a problem.

f) Using a forex VPS will can reduce but not eliminate slippage by improving the speed your trades are executed at.

Conclusion

We end this article with a caveat. Using a forex VPS does not replace the skill or accuracy of a forex trading robot. The robot still has to deliver on performance and returns. The forex VPS is simply there to facilitate its function and not affect the strategy on which the EA was programmed.

Popular forex brokers that offer VPS services include:

Pepperstone

Pepperstone is a Forex broker which has been operating online since 2010. It is regulated by the ASIC and has offices in numerous countries including the United States, China, Ukraine and Australia. Pepperstone also provides a VPS service that is designed to be used with the popular Meta Trader 4 trading system .

Additionally, expert advisers are encouraged to be used. It should be kept in mind that Meta Trader 4 is available for demo accounts as well (although it will expire after 30 days of activation). 31 currency pairs are offered alongside precious metals (gold and silver). Two types of accounts are available. These are the standard and the "Razor" accounts. While a minimum account size of $200 dollars is necessary, the fact that spreads as low as one pip are available allows Pepperstone to be an extremely attractive option for those who wish to trade in anonymity.

While offices are found in the United States, the platform is not currently available to traders within the United States. However, a dedicated foreign VPS system could possible circumvent this challenge.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XM.com

XMis one of the most diverse and robust Forex brokers currently available. One of the reasons for such fame is the flexibility which is offered.

XM.com has provided VPS solutions within their Meta Trader 4 system since the autumn of 2013 and EA services are likewise allowed. There are more than a dozen electronic payment options provided (PayPayl is not included) and XM is said to host one of the most helpful customer service centres on the market.

Four different account types are available and Islamic trading is supported. Forex, CFDs, oil and precious metals are all trading instruments while leverages of up to 1:888 have allowed many to enjoy handsome profits (not without a certain level of risk, of course).

Variable spreads are offered and scalping is allowed for those who wish to enjoy short-term trading opportunities. Mobile, automated and one-click trades are supported. Finally, XM.com offers Meta Trader 4 with their demo account and there is no expiration period.

BrokerNotes.co 2023 Overall Rankings

To recap, here are our top forex brokers for 2023, sorted by Overall ranking.

Company Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Trust Score Tradeable Symbols (Total) Read Review Visit Site
IG logoIG 9.9 £250.00 0.98 info 99 19537 IG Review Visit Site
Interactive Brokers logoInteractive Brokers 9.9 $0 0.63 info 99 8500 Interactive Brokers Review
Saxo logoSaxo 9.7 $0 1.1 info 99 70000 Saxo Review
CMC Markets logoCMC Markets 9.6 $0 0.61 info 99 12074 CMC Markets Review
FOREX.com logoFOREX.com 9.4 $100 1.4 info 99 5500 FOREX.com Review Visit Site
TD Ameritrade logoTD Ameritrade 9.3 $0 1.25 info 99 0 TD Ameritrade Review
City Index logoCity Index 9.3 £100.00 1.4 info 99 13500 City Index Review
XTB logoXTB 9.1 $0 info 1.00 info 96 6100 XTB Group Review
eToro logoeToro 8.8 $10-$10,000 1 info 90 3479 eToro Review
Swissquote logoSwissquote 8.8 $1000 N/A info 99 472 Swissquote Review
Capital.com logoCapital.com 8.7 $20 info 0.67 info 87 3007 Capital.com Review
AvaTrade logoAvaTrade 8.7 $100 0.92 info 94 1260 AvaTrade Review
Plus500 logoPlus500 8.6 €100 0.8 (August 2021) info 99 5500 info Plus500 Review
OANDA logoOANDA 8.5 $0 1.57 info 93 1744 info OANDA Review
FXCM logoFXCM 8.5 Starts from $50 0.74 info 95 440 FXCM Review
Admirals logoAdmirals 8.5 $100 0.8 info 93 8702 Admiral Markets Review
Pepperstone logoPepperstone 8.4 $200 0.77 info 95 2342 Pepperstone Review
XM Group logoXM Group 8.4 $5 1.6 info 88 1429 XM Group Review
FP Markets logoFP Markets 8.3 $100 AUD 1.1 info 87 10000 FP Markets Review
FxPro logoFxPro 8.1 $100 1.51 info 90 2249 FxPro Review
IC Markets logoIC Markets 8.1 $200 0.62 info 84 3583 IC Markets Review
Markets.com logoMarkets.com 8.1 $100 1.9 info 96 2179 Markets.com Review
Tickmill logoTickmill 8.1 $100 0.51 info 86 725 Tickmill Review
Fineco Bank logoFineco Bank 8.0 $0 N/A info 94 9770 Fineco Bank Review
BlackBull Markets logoBlackBull Markets 8.0 $0 0.827 info 77 26000 BlackBull Markets Review
Vantage logoVantage 8.0 $50 1.30 info 90 1000 Vantage Review
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets) 7.9 $20 0.6 info 88 1199 HYCM Review
HFM logoHFM 7.9 $0 1.2 info 86 3500 HFM Review
ThinkMarkets logoThinkMarkets 7.8 $0 info 1.1 info 92 4000 ThinkMarkets Review
FlowBank logoFlowBank 7.7 $0 N/A info 80 408600 FlowBank Review
DooPrime logoDooPrime 7.8 $100 N/A info 83 10000 DooPrime Review
Trading 212 logoTrading 212 7.7 €10 1.9 info 79 8025 Trading 212 Review
BDSwiss logoBDSwiss 7.7 $10-$5000 info 1.6 info 76 1081 BDSwiss Review
Trade Nation logoTrade Nation 7.6 $0 0.6 85 601 Trade Nation Review
TMGM logoTMGM 7.6 $100 N/A info 83 12000 TMGM Review
Moneta Markets logoMoneta Markets 7.5 $50 1.27 info 72 1016 Moneta Markets Review
Eightcap logoEightcap 7.5 $100 1.0 info 85 736 Eightcap Review
MultiBank logoMultiBank 7.5 $50 N/A 84 1042
ACY Securities logoACY Securities 7.4 $50 1.2 info 75 2200 ACY Securities Review
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) 7.3 $100 1.4 info 71 12000 Roboforex (RoboMarkets) Review
VT Markets logoVT Markets 7.3 $100 1.2 info 70 1000 VT Markets Review
easyMarkets logoeasyMarkets 7.3 $50 0.9 info 80 199 easyMarkets Review
IronFX logoIronFX 7.2 $50 1.2 83 340 IronFX Review
Spreadex logoSpreadex 7.2 $0 0.81 info 71 10000 Spreadex Review
IFC Markets logoIFC Markets 7.2 $1 1.44 info 67 630 ATFX Review
Trade360 logoTrade360 7.2 $250 N/A info 76 1062 Trade360 Review
Octa logoOcta 7.2 $25 0.9 info 70 230 OctaFX Review
Axi logoAxi 7.1 $0 N/A info 81 175 Axitrader Review
TeleTrade logoTeleTrade 7.1 $100 N/A 71 500 Teletrade Review
GKFX logoGKFX 7.0 $0 N/A info 65 354 GKFX Review
Exness logoExness 7.0 $1 0.9 info 71 112 Exness Review
Vestle logoVestle 7.0 -1 N/A 78 750 Vestle Review
FXOpen logoFXOpen 7 $100 N/A info 80 87 FXOpen Review
FXPrimus logoFXPrimus 7.0 $100 N/A info 71 140 FXPrimus Review Visit Site
Forex4you logoForex4you 6.9 $0 N/A info 61 150 Forex4you Review
GBE brokers logoGBE brokers 6.8 $500 N/A info 71 500 GBE Brokers Review
Alpari logoAlpari 6.8 $20 N/A info 68 105 Alpari Review
TopFX logoTopFX 6.7 Depends on payment method N/A info 67 655 TopFX Review
Libertex (Forex Club) logoLibertex (Forex Club) 6.7 $10 N/A info 73 300 Libertex Review
LegacyFX logoLegacyFX 6.7 $500 N/A 67 425 LegacyFX Review
FXGT.com logoFXGT.com 6.6 $5 N/A 69 117 FXGT Review
ATFX logoATFX 6.5 $500 N/A info 73 150 ATFX Review
Xtrade logoXtrade 6.5 $250 N/A info 80 142 Xtrade Review

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our own extensive testing of each broker's products and services as well as the qualified observations of our expert editorial team. In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our online trading guides are created with the same rigorous, data-driven approach.

The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s). Our proprietary Trust Score rating system tracks data from over 100 regulatory jurisdictions to help forex traders understand the regulatory status of their forex broker and choose a broker that they can trust.

Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.

Part of our testing process involves in-depth research into commissions and fees. We dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads (we always strive to determine the average spreads for each broker to better serve our readers), and a variety of other fee-based data points.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go.

When testing mobile apps or mobile products, we test on both Apple and Android devices. For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.

All of the content on BrokerNotes.co is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection. We may use generative AI tools to assist in some of the rote aspects of our content production processes, but the substance of our content, as well as our opinions and evaluations are based on our extensive research and product testing. Read our Generative AI policy to learn more.

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

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