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Reviews and expert opinion Forex Cheap VPS

Gwen Rodgers Gwen Rodgers Web Hosting Expert

Canadian company Forex Cheap VPS offers ultra-fast, fully managed VPS and dedicated servers for forex trading. Since the stakes are high for the execution of trades, you get a 100% uptime guarantee and 24/7 customer support.

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Overview

Screenshot 2019 07 18 at 17.40.38

Forex Cheap VPS has been offering hosting services from its Canadian (Montreal) office since its inception in 2013. Focusing on the foreign exchange (forex) trading space, its ultra-fast servers come with a 100% uptime guarantee so that customers never miss a money-making opportunity.

As well as catering to forex clients, Forex Cheap VPS offers VPS and dedicated servers to other kinds of customers. Its website is in English, but its client area supports 25 additional languages.

Features and Ease of Use

Screenshot 2019 07 18 at 17.42.18

This provider offers twelve VPS plans (in Regular, Latency Optimized, and Business Class categories) and four dedicated server plans. The free Forex VPS trials (in eight different packages with differing resources) are not entirely free since you have to deposit a sum of money with a forex broker of your choice from a provided list of partners.

The “Regular” VPS plans provide you with:

  • Windows 2012 R2 / 2016 operating system
  • 1 GB to 8 GB RAM
  • SSD storage
  • 1 TB to unlimited bandwidth

Virtual servers are equipped with superfast (and more reliable) SSD storage with RAID 10 that duplicates your data in case of a disk disaster. Additional protection is provided in the form of DDoS protection against a range of cyberattacks.

You get full administrator access to your server, thus giving you complete control over your hosting environment. If managing your VPS or dedicated server is too big a burden, you can instead take advantage of the fully managed services that allow you to concentrate on your core business.

Although Forex Cheap VPS has a 100% uptime guarantee (which is pretty important in this “high stakes” environment), its SLA states that approval of any credit is at the discretion of Forex Cheap VPS and dependent upon the justification provided. It also says that third-party monitoring service reports may not be used to justify claims, due to a range of factors. Put simply, the uptime guarantee is not unconditional, and the provider will decide whether it wants to pay up for any downtime.

Pricing and Support

Forex Cheap VPS support

The “Regular” VPS plans are offered at pretty economical prices. You can pay for them via a range of methods, including PayPal, Neteller, Mastercard, Skrill, Perfect Money, Bitcoin, Payza, and WebMoney.

Although there is a three-day partial money-back guarantee, I think that three days isn’t very long to test the services, and “partial” money back doesn’t sound too promising. Nevertheless, something is better than nothing, but note that only first-time accounts are eligible for a refund, and it may well be provided as an account credit because some payment methods don’t allow refunds.

24/7 customer support can be accessed via live chat, email, telephone, or support ticket. Live chat wasn’t available when I wanted to try it, but I received satisfactory support responses via Facebook Messenger.

If you want to try supporting yourself, you can find answers to common questions on the FAQ page.

4.3

Pricing

Comparison

How does Forex Cheap VPS match up to the competition?

HostingerCompare4.9Compare
InterServerCompare4.8Compare
Forex Cheap VPSCompare4.2Compare
BluehostCompare2.5Compare

Forex Cheap VPS REVIEW: BOTTOM LINE

For cost-effective, reliable VPS and dedicated servers that deliver ultra-low latency, Forex Cheap VPS could have exactly what you need. Although you could use these servers for other things (e.g., as game servers or FTP servers) don’t forget that they’re aimed primarily at the forex trading community.

Still not sure if this is the right web host for you? Check out our top recommended web hosts to learn more.

Pros

  • Premium forex trading servers
  • Fully managed VPS and dedicated servers
  • 100% uptime guarantee
  • Latest hardware with SSD storage and RAID-10

Cons

  • Only six years of industry experience
  • Three-day partial money-back guarantee

FAQ

Do I need VPS hosting?VPS hosting is necessary for forex traders because the software requires dedicated resources running constantly. Forex Cheap VPS gives you enough resources to run automated, uninterrupted trading 24/7. If you’re looking for website hosting, you may want to consider a hosting plan from one of our 10 best web hosts for 2022.How much does Forex Cheap VPS cost per month?VPS hosting for forex trading software can be expensive, but Forex Cheap VPS gives you some of the lowest prices on the market. FxSVPS offers lower prices, but in our review we found that it’s not as reliable.Does Forex Cheap VPS give you good value for money?You won’t get the same level of performance and features as you might from some other forex VPS hosts, but Forex Cheap VPS’ low prices make it a decent option. That said, you get more for your money with VPS Forex Trader, despite its higher prices, as you’ll find in our VPS Forex Trader review. Or check out our coupons page for discounts from other top hosts.Does Forex Cheap VPS offer free trials? Forex Cheap VPS offers a one-month free trial of any of eight different plans with varied levels of resources. But you have to deposit a minimum amount of investment capital with a selected broker up front and complete at least three trades in the month. You can carry on with a free plan indefinitely as long as you continue to make deposits to your broker and meet the trade minimum.

Gwen Rodgers Gwen Rodgers
Gwen is a web developer and software engineer who loves to get lost in JavaScript (and a good book). She spends her free time teaching girls how to be coders, and doing yoga on her balcony in the sunshine.

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