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Broker Provided VPS Service
Nov 18, 2014 at 08:08
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15 Replies
Nov 18, 2014 at 08:08
I have noticed some brokers offer a free VPS service with their accounts. Obviously, this is under the condition that a minimum account balance is maintained. Has anybody used a broker provided VPS before? How was your experience? Would it be worth it to pay the extra money for a reliable 3rd party VPS?
The Trend is your Friend. ~~
Nov 18, 2014 at 15:46
Thanks Hand... I'll take that into consideration.
That being said, my original questions still stand. Has anybody used a broker provided VPS before? How was your experience? Would it be worth it to pay the extra money for a reliable 3rd party VPS?
That being said, my original questions still stand. Has anybody used a broker provided VPS before? How was your experience? Would it be worth it to pay the extra money for a reliable 3rd party VPS?
The Trend is your Friend. ~~
會員從Jun 03, 2010開始
675帖子
Nov 18, 2014 at 16:26
I would never use Brokers VPS... They would see all of my EAs.
PAMM MANAGER // Professional Fund Manager
Nov 19, 2014 at 07:46
@lostfox
It's not something I'd ever consider. The conflict of interest is to great and your average fx broker to crooked. I pay my $70 a month for a dedicated server and I know it be trouble for someone to mug me.
I do know people who run int he cloud for, amazon for example, and they pay about $8 a month. Even that would be a hell of a lot safer. VPS is just a really, really bad option and quite frankly not a risk you need to take.
It's not something I'd ever consider. The conflict of interest is to great and your average fx broker to crooked. I pay my $70 a month for a dedicated server and I know it be trouble for someone to mug me.
I do know people who run int he cloud for, amazon for example, and they pay about $8 a month. Even that would be a hell of a lot safer. VPS is just a really, really bad option and quite frankly not a risk you need to take.
forex_trader_139412
會員從Jul 16, 2013開始
352帖子
Nov 20, 2014 at 19:39
My broker also offers this but I don't trade the minimum lots to qualify for this. My system also cannot afford a vps right now, so I bought a ups. That covers the electricity part only. Myfxbook sends me a notification if my account is not updated on my work email and then I know something is the matter. It is very seldom that we lose internet coverage, but that has happened once or twice. If it is in a trade (that has never happened) I can use my cell to become a wifi hotspot and the mt4 terminal on my laptop can continue. But if it could afford vps I would rather go for that - then you have no worries.
Nov 22, 2014 at 08:32
Thanks Rihan. I always wanted to try to keep it on my system. However, I couldn't think of a way to be alerted if my system went down, electricity went out, or my internet connection was lost.
How do you set up myfxbook to send you the notification?
How do you set up myfxbook to send you the notification?
The Trend is your Friend. ~~
forex_trader_139412
會員從Jul 16, 2013開始
352帖子
Nov 22, 2014 at 08:47
I only discovered it recently. Used to go to my profile and check if it was updating recently.
But this way is MUCH easier. I have another email set up on my phone, so I get a notification of the account not updating every x minutes.
The option is under messages on the settings tab.
Only annoying thing is, there seems to be a period (at midnight everyday) where the account is not updated (perhaps myfxbook can look into that) So I just ignore that one.
But this way is MUCH easier. I have another email set up on my phone, so I get a notification of the account not updating every x minutes.
The option is under messages on the settings tab.
Only annoying thing is, there seems to be a period (at midnight everyday) where the account is not updated (perhaps myfxbook can look into that) So I just ignore that one.
Nov 23, 2014 at 08:05
會員從Jun 09, 2014開始
134帖子
Dec 01, 2014 at 08:45
You could theoretically run your own VPS on a non-trader platform, but I agree about the cloud services.
會員從Jun 28, 2011開始
444帖子
Dec 09, 2014 at 20:36
If your broker is a Pass through type, he doesn't care what you have in your trading folder. The real problem with a Broker provided VPS is that they can close it and you can't get to your program.
If you fall below the minimum standard, they have every right to close your VPS. How do you feel about that? That's why professional traders use a good 3rd party VPS, you never know what is going to happen in the market.
But honestly, if you live in a place with reliable internet service, reliable in that it never goes down, buying a cheap computer and running your own home system is cheaper and just as good. VPS services do go down, even with their battery backups. And there are ways to back up your home internet with a data service from a cell phone provider.
The nice thing about a VPS is that you're free to travel, move or anything and your income is still working and secure. That's worth $29.00 anytime.
However, to answer your direct question, no I have never used a broker provided VPS and for the above stated reasons, I never will.
Bob
If you fall below the minimum standard, they have every right to close your VPS. How do you feel about that? That's why professional traders use a good 3rd party VPS, you never know what is going to happen in the market.
But honestly, if you live in a place with reliable internet service, reliable in that it never goes down, buying a cheap computer and running your own home system is cheaper and just as good. VPS services do go down, even with their battery backups. And there are ways to back up your home internet with a data service from a cell phone provider.
The nice thing about a VPS is that you're free to travel, move or anything and your income is still working and secure. That's worth $29.00 anytime.
However, to answer your direct question, no I have never used a broker provided VPS and for the above stated reasons, I never will.
Bob
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