ForexVPS vs MyForexVPS: Which is the Best Forex Trading VPS?

If you’re in the market for the best trading VPS provider, you might have reached a point where you’re comparing ForexVPS and MyForexVPS, two of the better forex VPS hosting services out there.  So, which should you choose? 

In the remainder of this piece, we delve into ForexVPS and MyForexVPS, examining their features, performance, pricing, and what real users have to say about them. By the end, you’ll have a clear idea of which one is the best fit for your automated trading style!

What is ForexVPS?

ForexVPS was founded in 2012 under Think Huge Limited and has served over 2 million traders with high-performance Virtual Private Server and dedicated server solutions for forex and all other kinds of trading. With high-grade resources and data centers in key financial hubs such as New York, London, Tokyo, and Singapore, ForexVPS offers traders low latency to major brokers worldwide. 

Their VPS hosting plans are suited to a wide range of traders, from basic servers for beginners to powerful dedicated servers for institutional traders, all backed by 99.99% uptime and 24/7 support for uninterrupted trading. 

What is MyForexVPS?

MyForexVPS, hosted by ON2A hosting, is a forex VPS provider designed for traders and brokers worldwide. With servers in three locations (Amsterdam, London, and New York) and high-grade resources, MyForexVPS achieves ultra-low latency. 

Some of the factors that make MyForexVPS a great option for users are its strong server resources and consistent uptime, which help forex trading bots stay online around the clock.

ForexVPS vs. MyForexVPS Comparison at a Glance

Before we go further into the piece, let’s run through how ForexVPS and MyForexVPS compare:

ForexVPS Vs. MyForexVPS: Technical Overview

This is where rubber meets the road for both providers. Nine times out of ten, a trading VPS provider’s performance will be judged on these key metrics: RAM, CPU cores, storage, and latency. So, let’s see how these two providers perform.

MyForexVPS technical overview

These are the core VPS offerings of MyForexVPS:

• The most affordable plan from MyForexVPS is tagged “Silver VPS” and comes with 2GB RAM, 2 CPU cores, and 50GB of SSD storage. All of these can power as many as two instances of MetaTrader 4/MetaTrader 5 simultaneously. This server plan, which also includes a guaranteed IP address, is optimized for use with any broker, trading platform, and Expert Advisor.
• The mid-priced “Gold VPS” plan comes next. With this plan, you receive everything the Silver VPS plan offers, along with an upgrade in core technical specifications. Gold VPS offers 4GB RAM, retains the 2 CPU cores from the previous plan, and up to 70 GB of SSD storage. This configuration is powerful enough to run up to 6 MT4/MT5 instances concurrently.
• MyForexVPS also offers the “Platinum VPS” plan, which provides up to 8GB of RAM, 4 cores of CPU, and 100 GB of SSD storage. With this, you can power as many as 7 (and even more) MT4/MT5 instances as you want. Note, however, that you should still contact their customer support to determine the limit on the number of MT4/MT5 instances you can run concurrently on this Platinum plan. The more workload you put on the server, the less efficient its performance becomes.
• Finally, MyForexVPS allows you to configure your server if you’re not satisfied with the pre-configurations that come with the plans. With this customization feature, you can configure up to 10 CPU cores, 16 GB of memory, and 200 GB of storage. 
• With their powerful rig, MyForexVPS brings latency to as low as 0.64ms, which is superb! It’s more than enough for any kind of EA trading.
• When it comes to server locations, MyForexVPS only offers 3 (Amsterdam, New York, and London). This is perfect if your broker has their server in any of these three locations. However, if your brokers don’t have enough servers in these locations, your latency may shoot up dramatically.

ForexVPS technical overview.

The following are the core VPS offerings of ForexVPS:

• ForexVPS boasts  4GB RAM, 2 cores of CPU, and 100GB of SSD storage on its most affordable plan (also called the “Core” plan). This will have up to 3 instances of the MT4/MT5 trading platform run simultaneously.
• Moving up a step, there’s the Edge plan, which is the mid-priced plan. This plan comes with 4 CPU cores, 6 GB of RAM, and 150 GB of storage space. With this alone, you can handle up to 6 simultaneous MT4/MT5 instances. It’s ideal for traders running multiple automated trading strategies. 
• The Prime plan, which is the highest tier of the three pre-configured plans, comes with 6 CPU cores, 8 GB of memory, and 200 GB of SSD storage. This alone is more than enough to handle even the most taxing EAs and trading algorithms. 
• Furthermore, there’s the customizable plan from ForexVPS, should you need something other than the pre-configured plans. And with this customizable plan, you can get up to 12GB of memory, 10 cores of CPU, and 250GB of SSD storage. Powerful enough to run even the highest-end EA computing.
• Latency is as low as 1ms on ForexVPS, making it ideal for any trading bot or algorithmic trading strategy. With this, the chances of slippage are drastically reduced. 
• ForexVPS also offers as many as 22 server locations compared to MyForexVPS’s three. This translates to ForexVPS offering a more robust global coverage for traders, especially those whose brokers are located worldwide. 
• If you need an even more robust solution than the customizable plan, ForexVPS offers dedicated forex server plans. With these options, you can choose between the standard dedicated server plan or the GPU add-on option. Your CPU is buffed up to the powerful Intel Xeon, up to 128 GB of RAM, and two 2TB SSDs (4TB altogether). The GPU option adds one of Nvidia’s high-end GPUs to the mix, capable of handling the most powerful automated trading strategies, including high-frequency trading strategies.

Core VPS Offering Comparison Table

Broker Latency Comparison Table

Many popular brokers that are listed on the broker latency checker tool of other trading VPS providers are missing on MyForexVPS. Could this be an oversight or a deliberate omission? Regardless, ForeVPS still offers generally lower latency than MyForexVPS across the board. 

ForexVPS Vs. MyForexVPS: VPS Features

Both VPS providers offer high-grade security against cyber threats. However, let’s take things up a notch and see how both VPS providers compare in terms of additional features that enhance the VPS experience.

ForexVPS Additional Features

ForexVPS offers a comprehensive suite of extra functionalities designed to optimize trading performance and provide greater convenience. Let’s explore these features and compare them to what MyForexVPS offers

1. Resource spike protection

During times of high volatility, there is typically a greater load on servers, which may cause EAs to freeze or miss opportunities for a moment. ForexVPS uses the resource spike protection to automatically allocate extra server resources during such times, ensuring that EAs remain stable and active throughout the volatility spike.

2. Trace route monitoring

Trace route monitoring helps you identify network issues that might be causing slowdowns or bottlenecks between your VPS and your broker’s servers, making it easier to spot and eliminate them. 

3. Trading analytics with TrackATrader

TrackATrader is one of two separate, complementary tools that ForexVPS boasts. It provides advanced insights into your trading performance and offers suggestions to optimize your trading. This feature-rich tool is available free of charge to all users, regardless of their plan.

4. AlgoBuilder

Most retail traders who use VPS are EA traders. Thanks to the proliferation of AI tools, an increasing number of traders are seeking to automate their strategies and looking into forex Expert Advisor programming. This is where AlgoBuilder comes into play.

AlgoBuilder allows you to automate your trading strategy from just text prompts. While some knowledge of coding can be helpful at times, it is not compulsory. All you need to do is describe how your strategy works, and you’ll go home with a fully functional EA. And this tool comes free with the ForexVPS subscription! 

MyForexVPS Additional Features

MyForexVPS, unfortunately, doesn’t pack as much of a punch as ForexVPS does when it comes to additional features. This is not to say that it is completely featureless, though.

For instance, every server resource offered by MyForexVPS is enterprise-grade, which guarantees performance comparable to that of higher institutions. It also comes with a 15-minute setup time, which makes it easy for traders to simply buy and use. Beyond these, though, MyForexVPS doesn’t offer much.

Additional Features Comparison Table

From this comparison, it’s obvious that futures traders might suffer with MyForexVPS, as its closest server to the CME Group in Chicago is located in New York. Traders also miss out on automatic backups and a host of additional trading features that ForexVPS provides.

ForexVPS vs. MyForexVPS: Pricing Overview

This is how MyForexVPS and ForexVPS compare when it comes to pricing:

ForexVPS Pricing

ForexVPS offers flexible pricing, starting at $28 per month (billed annually), and includes the full set of features we have already discussed. In fact, the only things that differentiate the plans are their specifications. Everything else is consistent regardless of your plan. 

The customized plan caps out at $110 per month (billed annually), and this includes the option for daily backups. And finally, the dedicated plans range from $175/month to $399/month.

For traders who only want to test the waters, ForexVPS offers a 14-day money-back guarantee on all plans. No questions asked.

Furthermore, ForexVPS has partnerships with select brokers that offer traders complimentary access to their entire ForexVPS infrastructure. No charge to the trader. The broker pays it all. The only requirement is that the trader meets a certain volume of trades per month.

MyForexVPS Pricing

MyForexVPS starts with an affordable plan $11.99 per month for its lowest plan. Considering that you don’t get a lot more features outside of the core server allocations, this seems fair. The customized plan also maxes out at $99/month (billed annually). 

For traders who would like to test their forex VPS server before making a decision, MyForexVPS offers a 7-day money-back guarantee.

Plans and Pricing Comparison Table

MyForexVPS is the more affordable option, costing less than half of what ForexVPS charges for its base and mid plans. However, ForexVPS offers more options, including dedicated server plans and a complimentary VPS.

ForexVPS Vs. MyForexVPS: User Reputation

Without a doubt, ForexVPS is the superior option, boasting a 4.8-star rating based on over 5,000 reviews from TrustPilot. And while MyForexVPS also has a reputable score of 4.2, it’s based on just below 30 ratings. 

Many of the reviewers on ForexVPS had glowing remarks for their customer support team. Customers also lauded the VPS service for reliability and stability. Ease of setup, dependable performance, and super-fast connection speed were also greatly appreciated.

MyForexVPS has also received numerous positive reviews for its dependable and extremely fast servers. The support was also a point of constant praise for users.

ForexVPS Benefits and Limitations

ForexVPS has several advantages, including its low latency and additional features. However, there are limitations.

ForexVPS Benefits

Let’s see some of the benefits of ForexVPS:

1. Low Latency to Major Brokers

One of the biggest benefits of ForexVPS is low-latency connections to most major forex brokers. With data centers in 22 financial hubs across the globe, including London, New York, Frankfurt, and Tokyo, latency is consistently low across the board, regardless of the broker’s server location.

For all EA traders and anyone who needs super-fast execution, this level of latency can make a significant impact on order execution.

2. Dedicated Resources and Optimized Performance

Unlike many general-purpose or other trading VPS providers, ForexVPS does not overload its servers. Each plan comes with a dedicated CPU, RAM, and SSD storage, so you get consistent performance. Additionally, you have the Resource Spike Protection feature, which automatically allocates extra resources during periods of high volatility so your server doesn’t crash when you need it most.

3. Free VPS Through Broker Partnerships

ForexVPS has partnered with select brokers to offer free trading VPS. All the trader needs to do is register with those brokers and meet a certain monthly trading volume. The broker will cover the VPS cost entirely. You get the VPS for free!

4. 24/7 Trading-Savvy Support

Their support team is available 24/7 and consists of trading platform experts so you won’t be explaining MT4 to a generic IT representative. Whether it’s a VPS crash, EA malfunction, or broker connectivity issue, you get help from people who speak the language of trading.

5. Compatibility and Ease of Use

The service is designed for seamless integration with all major trading platforms, including MT4, MT5, cTrader, Thinkorswim, TradingView, and NinjaTrader. The setup process is straightforward with pre-configured templates to get you up and running quickly. It also supports remote access from any device, including Macs, so that you can manage your trading on the go.

ForexVPS Limitations

ForexVPS has one major limitation. Compared to other VPS providers, such as MyForexVPS, ForexVPS’s plans are more expensive. That said, the features and support justify the cost for many. 

For traders who still can’t afford this, ForexVPS offers a free VPS for select brokers.

MyForexVPS Benefits and Limitations

MyForexVPS is a strong VPS provider in its own right, offering great benefits. But just like anything else, it has some limitations. Let’s take a look at these benefits and limitations:

MyForexVPS Benefits

Let’s see some of the benefits of MyForexVPS:

1. Ultra Low Latency to Key Financial Hubs

MyForexVPS has servers located in data centers in major financial hubs, including New York, London, and Amsterdam. This proximity to broker servers enables ultra-low latency, often as low as 0.3 ms. For high-frequency traders and scalpers, this means lightning-fast order execution, reduced slippage, and a higher chance of your order being filled at the desired price.

2. Easy Setup and Full Compatibility

VPS servers are deployed in 15 minutes. Pre-installed MT4/MT5, Windows Server, and browsers for a plug-and-play experience. MyForexVPS supports all forex brokers, terminals, and EAs. This is beginner-friendly and versatile for both experienced and novice traders.

MyForexVPS Limitations

Let’s see some of the limitations of MyForexVPS:

1. Limited Server Locations

MyForexVPS has 3 locations (Amsterdam, London, New York) compared to ForexVPS’s 22+ global data centers. Traders with brokers outside these regions (e.g., Asia or Australia) may experience higher latency, making them unsuitable for global traders.

2. Customer Support Can Be Inconsistent

While they claim 24/7 support, some users’ feedback indicates that customer support is not responsive, with slow ticket response times. For traders who are not tech-savvy and need support for urgent troubleshooting, this can be a big issue.

3. No Dedicated Server Options

MyForexVPS only offers VPS hosting and does not have dedicated servers. This may not be suitable for institutional traders or those requiring substantial resources for large-scale operations.

ForexVPS vs MyForexVPS: Which to Choose? 

There are several factors to consider when choosing between these two. But if you’re looking for a plug-and-play VPS for forex trading, ForexVPS delivers. It’s perfect for:

• EA users who need low-latency execution
• Intermediate to advanced traders who value reliability and support
• Active traders who can get the service for free via broker promotions

For most serious forex traders, ForexVPS is the sweet spot between performance, ease of use, and trader-focused features.

However, if you’re an algorithmic trader whose trades heavily depend on the tiniest latency margin, MyForexVPS is a fast, reliable, and simple solution with minimal setup requirements. The latency-optimized servers, preconfigured trading software, and broker ping-check tool make it a good fit for forex users.

However, you’ll want to ensure that your broker’s server is located in Amsterdam, London, or New York, and that you’re comfortable managing backups yourself.