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ThinkForex VPS
Review
(http://www.thinkforex.com/trading-services/forex-vps)
4.25/5
Rating
$0
Basic Monthly Price
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INTRODUCTION It is not usual for forex brokers to offer virtual server services. The pattern is to partner with VPS companies and give free access upon funding of a live […]

Features

Basic Monthly Price:
$0
RAM:
1-2GB
Servers:
London
Server:
Microsoft 2003 server and above
Disk Space:
10-25GB
CPU Cores:
N/A
MT4:
EAs:
Free Setup:
24 / 7 Support:
Free Setup:
Latency:
Low
Uptime:
99.99%
Payment Methods:
Support Type:

Screenshots

Pros & Cons
  • ThinkForex VPS is free to use for Pro or VIP account holders
  • Setup is also free
  • Trades with any web-enabled device and not just desktops
  • A forex VPS service built to match a specific broker, which is useful for ThinkForex Pro or VIP traders
  • Several payment methods for funding accounts
  • You cannot host MT4 of another broker on this forex VPS service
  • Only two forex VPS packages, which is restrictive
  • Uses Virtuozzo technology, so other users can be affected negatively by overload of resources from one user point.

Introduction

INTRODUCTION

It is not usual for forex brokers to offer virtual server services. The pattern is to partner with VPS companies and give free access upon funding of a live trading account. For that reason, many serious traders prefer to pay for a VPS that would not lock them in with a particular broker. This article would discuss the Thinkforex free VPS package which is marketed as a trading service of Thinkforex.com.

Thinkforex.com is a reputable broker regulated by both the FCA (UK) and ASIC (Australia).

thinkforex_2

The VPS does what you would expect from top hosting solutions. It provides the needed infrastructure for algorithmic traders to run their expert advisors or back test to refine their trading strategies.

Thinkforex enables you trade automatically from any device, anywhere in the world. You wouldn’t have to be logged in for your trades to be executed. There is a direct connection from your VPS to your broker.

Open a qualified Pro or VIP live trading account, and get a virtual private server (VPS) today. The ThinkForex VPS functions as a secure computer system “in the cloud” and allows you to safely access and manage your automated trading platform from anywhere in the world.

This service would be of interest to traders who are looking for ways to reduce the cost of trading as it is free subject to certain requirements which you would normally fulfill in the course of normal trading. In the next section, we would discuss the features of Thinkforex.com’s VPS service.

FEATURES

  • Low latency
  • You can use any Expert Advisor
  • Free (with conditions)
  • Metatrader Pre-installed
  • Access from anywhere and any device
  • Windows 2003 Operating System
  • London based server

PACKAGES

There are two free VPS plans on offer from Thinkforex: Pro and Pro plus.

a) ThinkForex Pro

This is a basic VPS service that any trader running algorithmic trading strategies would need, at the very least. The features on offer include:

  • 1 GB RAM
  • 1 CPU Core
  • 10 GB Storage
  • 100 GB Bandwidth

The service is free to use provided you trade a total volume of 10 lots per month. If you do not trade up to that amount, you would have to pay a fee of 25 GBP. This would happen for each month that you fail to meet the trading requirement. If you are not a high volume trader, it is better to stick with normal hosting.

b) ThinkForex Pro Plus

This plan is for traders whose trading strategies require more RAM and disk space. A trade volume of 20 lots per month is needed to access this service for free. If you don’t meet the requirement, then a fee of 45 GBP applies.

  • 2 GB RAM
  • 1 CPU Core
  • 25 GB Storage
  • 100 GB Bandwidth

IP LOCATIONS

There is a single, dedicated IP address.

HOW TO SUBSCRIBE

To subscribe for the VPS service, you have to open a live trading account. You may want to open a demo account to test the general trading services of Thinkforex. Once you have decided to use the VPS, sign up for either a Pro or VIP live account. Once you open your account, fund it with the required minimum and request for VPS approval. VPS hosting is configured automatically and details are sent to your email.

Funding methods include credit and debitcards, Global Connect, Skrill, Neteller and Bpay. Chinese traders can use UnionPay and Netbanx.

CUSTOMER SUPPORT

Customer support is available via live chat, web form or phone (+44 20 3829 5395). The support is above average although responses sometimes come late. There is a lot of room for improvement by the customer support team.

SUMMARY

If you don’t mind being locked in to a particular broker, then you should sign up for the Thinkforex VPS service. However, you have to be comfortable with the brokerage service as you are going have to use it to an appreciable extent in order to keep using the service for free. Ensure you are satisfied with their services as a broker. You can do this by signing up for a demo account to try out the service.

However, very experienced traders deploying serious algo trading tools would not be happy with the VPS service offered by Thinkforex. The storage and bandwidth are not enough for such traders. There should be a higher plan offering faster processing, much more storage and unlimited bandwidth.

Overall, the VPS ensures that you get an edge over other traders by getting your trades executed as soon as your expert advisor detects a trading opportunity. With the direct connection to your broker’s platform, latency is totally eliminated. The service is comparable to all top-tier VPS services. Sign up for Thinkforex and start using VPS for free.

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