Not many people realise how important it is for a broker to provide their users with a high-quality VPS. In fact, many people don’t even know what a VPS is. Fortunately AxiTrader have their clients well sorted it with a high quality offering of VPS options which they can access free with a few conditions, depending on which setup they’re looking to go for.
But first, let’s get back to the basic question…
Leverage: 1:400 Licences: ASIC, FDA, FDSA, FMA
Min. Deposit: $0 Bonus: N/A
Spreads: from 0 pips US Clients: No
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AxiTrader VPS, what is it?
VPS stands for Virtual Private Server. In the case of FX trading, a server can be thought of as the connection between the device you use to trade with (like a computer/phone/tablet) and the computer at the other end which deals processes your trade request.
When it comes to servers, you’re concerned with two main factors. The first is that you want your connection to always be available. Having an interrupted connection can be anything from simply annoying (like missing out on a good trade opportunity) to downright costly (for example not being able to close a losing position). A VPS circumvents this problem by being an outlet dedicated entirely to your needs that’s permanently switched on. When you direct your trades through a VPS, it’s as close as you can get to a guarantee that you won’t have problems with connectivity.
The second important factor is the speed of your connection. Speed can matter a lot in a market where pricing changes by the millisecond and there’s big money at stake. Having a dedicated VPS often gives you access to a faster connection, thereby improving the accuracy of your pricing mechanism and trade execution.
It sends to reason that any serious trader will be using a VPS, but should you and how much will it cost?
Getting VPS with AxiTrader
AxiTrader’s VPS solutions are offered through a range of third party hosting providers and there are currently four key offerings with different pricing and features, depending on what kind of service you need. It’s worth knowing that, as an exclusive to AxiTrader clients, each VPS option comes with a bonus or discount offer.
The first is ForexVPS which has servers based in New York and provides state-of-the-art SSD drives for lightning-fast trade execution. If you take up this service as an AxiTrader customer the broker will credit you back just under $35 every month to cover the VPS fee, if you trade more than 20 lots per month.
Next is MetaTrader VPS, which is run by the same people who developed and run the MetaTrader 4 trading platform which AxiTrader offers for free as its default trading platform. The MetaTrader VPS service is a low-cost cloud-based option at only $10 per month.
Third we have Commercial Network Services, or CNS. This is a customised VPS designed especially for trading and has a host of different technical specs and a tiered structure to suit individual requirements. If you go with CNS, AxiTrader will credit up to $35 of the VPS fee per month for traders putting through more than 20 lots per month.
Lastly we have BeeksFX which is built with hardware and software from a who’s who of global tech companies. Fittingly, this is a VPS that offers banking-grade infrastructure to retail traders, including direct fibre connectivity and exceptionally fast speeds. AxiTrader clients get extra capacity with any BeeksFX subscription plans, plus a 30% discount for the first month’s subscription.
Whichever option you choose, you can be comfortable knowing that the VPS providers are reputable and their service will be compatible with your AxiTrader account. And it’s always nice to know that by going with one of these recommended VPS hosts you’ll get a nice discount too.
AxiTrader have a strict criteria for their Target Market and only investors who have the necessary level of knowledge and experience together with sufficient capital, which they can afford to lose, are suited to CFDs.
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