Best Free VPS Forex Brokers of 2023 Reviewed

Because of the extreme volatility and unpredictability of the forex market, a Virtual Private Server (VPS) is a popular choice among many currency traders.

This automation tool ensures traders remain connected to the forex market at all times and crucially – provides security in the event of system failures.

With this in mind, this guide will rank and review the best free VPS Forex Brokers in the market today.

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Best Free VPS Forex Brokers Reviewed 

To help traders find the most compatible platform, below we provide full reviews of the best free VPS brokers.

1. Pepperstone – Overall Best Free VPS Forex Broker 

Pepperstone offers access to more than 60 forex pairs. Moreover, there are different VPS programs available. For instance, traders who qualify for a professional account can access free VPS tools and up to 1:500 leverage.

At the time of writing, traders who don’t qualify for the free VPS program can still save 25% on any plan they choose. Pepperstone is partnered with various VPS providers, which offers flexibility.

This includes Forex VPS, which comes with 80GB of disk space and 2.5GB of RAM. The latency offered with this program is 1 millisecond to and from Pepperstone servers. Additionally, Pepperstone allows traders to order a customized VPS via its partner New York City Server (NYCS).

All plans include fast and reliable connection speeds to the Pepperstone platform, 100% uptime guarantee, free setup assistance, and preinstalled MT4 and MT5 as standard. This is one of the overall best free VPS brokers for multiple other reasons. For instance, we like that all VPS packages come with lightening fast SSD, daily backups, autostart, and alerts.

During the customization process, traders can choose between 1 and 10+ accounts, and select a platform. For instance, MT4 or cTrader. Users can also choose to trade via forex robots or engage in signal copying. Furthermore, all services by this VPS provider are backed by 24/7 support via live chat, telephone, email, and support tickets.

The spread on major pairs such as EUR/USD starts from 0.00 pips, although this depends on the account. Compatible trading platforms include MT4, MT5, cTrader, and TradingView. Pepperstone accepts multiple deposit methods, which include credit/debit cards, and bank transfers.

Traders can also opt for e-wallets such as PayPal, Skrill, Neteller, and more. Note that US clients cannot use this platform due to regulatory restrictions.

Pros

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

2. AvaTrade – Commission-Free VPS Provider With Leverage

AvaTrade offers leverage of up to 1:400 on major forex pairs. In terms of trading platforms, in addition to MT4, AvaTrade is also compatible with MT5 alongside its proprietary offerings.

Traders can link their AvaTrade account to the aforementioned platforms or EA software in order to use VPS providers such as FXVM. Leverage is also available at AvaTrade. However, bear in mind that the leverage on offer will depend on the location of the trader.

For instance, traders in Europe, the UK, and Australia will be capped at 1:30 leverage on major pairs. By connecting an AvaTrade account to FXVM, traders can access a latency time of 1 millisecond, 40 GB SSD, 1.5GB RAM, a dedicated IP address, and 24/7 support.

The minimum deposit is $100 at AvaTrade and there are various supported payment methods. This includes credit/debit cards, wire transfers, and e-wallets. AvaTrade offers over 1,250 financial instruments including 60 tradable forex pairs.

AvaTrade is regulated across 9 jurisdictions. Notably, US traders cannot create an account at AvaTrade – as the platform specializes in CFDs.

Pros

71% of retail investor accounts lose money when trading CFDs with this provider.

3. Libertex – MT5 Broker With Low Spreads

Libertex is one of the best MT5 brokers with low spreads. MT5 can be connected to Libertex with ease and comes with a free paper trading account and advanced software. Moreover, as we touched on, MT5 is compatible with various VPS providers.

Notably, Libertex is a CFD trading platform, so it’s possible to speculate in either market direction and access leverage. As such, it will not allow US clients to trade. Nonetheless, there are more than 50 pairs to trade on the platform and it is among the top low spread forex brokers.

The spread at Libertex starts at 0 pips. In terms of the aforementioned leverage, Libertex offers qualifying pro traders up to 1:500. That said, most will fall into the retail trader category and be offered a maximum of 1:30 on major pairs.

There is a commission fee to factor in here, which starts at 0.3%. In terms of making a deposit, traders can choose between credit/debit cards, e-wallets, and bank transfers. The minimum is $100 for newly opened accounts, and then $10 thereafter.

Pros

62.2% of retail investor accounts lose money when trading CFDs with this provider.

4. XTB – Stock-Exchange Listed Forex Broker

XTB is listed on the Warsaw Stock Exchange and claims to be one of the largest CFD and forex brokers in the world. This broker allows traders to link with xStation, instead of the previously mentioned MetaTrader platforms.

xStation offers access to numerous drawing tools and technical indicators as well as the option to personalize multiple workspaces. There are various order types available too. Traders can also access a paper trading account with $100k in demo funds.

Whilst automated trading isn’t supported, traders can access more than 2,100 instruments as CFDs. The built-in trading calculators and economic calendars are also useful. Note that XTB is unable to accept clients based in the US.

The spread on major forex pairs starts at 0.1 pips and leverage of up to 1:30 is available for those that qualify. There is no minimum deposit at XTB. Check out this XTB review for more information on the broker.

Pros

81% of retail investor accounts lose money when trading CFDs with this provider.

5. FXTM – VPS Provider Catering for EAs and Algo Trading

FXTM allows traders to take their pick from more than 250 financial instruments, which includes over 60 forex pairs. This platform offers an operational time of 99.99% and runs 24/7.

Traders can get started with VPS services by registering and then contacting their respective account service managers. The trader will then be informed on whether they meet the criteria for a free VPS trading account.

Moreover, this is one of the most notable high leverage forex brokers. The amount offered on MT4 and MT5 accounts is up to 1:2000, which isn’t advisable for conservative or inexperienced forex traders.

For any traders wondering about the legitimacy of a platform, check out its regulatory status. Put simply, FXTM is regulated by the FCA, FSC Mauritius, CySEC, and CMA. There is an inactivity fee to be aware of at FXTM. This is charged at $5 per month and is payable after six months of inactivity.

Pros

6. Forex.com – VPS Forex Trading Platform for US Traders

Those looking for the best forex VPS  in the US could consider Forex.com. This popular platform allows traders to automate strategies with EAs on a VPS via MT5. Traders can customize EAs to their own specifications and take advantage of market oversight, flexibility, and a range of tools.

Alternatively, traders who maintain a minimum of $5,000 in their account can run their EAs 24/6 during trading hours. This can be done on MT5 using Expert Advisor Hosting. The Forex.com platform states that EAs run on a dedicated Unix server for maximum uptime and MT4 software is preinstalled.

A free demo account is available for MT5 so that traders can take the platform for a test drive first. Forex.com also offers a range of CFDs to non-US-based clients. Leverage of up to 1:50 is offered on major forex pairs and the spread starts from 0.2 pips. Other compatible trading platforms include TradingView and NinjaTrader.

Pros

7. Oanda – Global Platform Offering Cloud Computing and VPS Services

US forex traders might also consider Oanda. This platform offers a range of cloud and VPS services and is regulated by numerous bodies. This includes IIROC, ASIC, MFSA, CFTC, FCA, FSA, FSC, and MAS.

Oanda has two VPS partners – Liquidity Connect and BeeksFX. As is usually the case with the best free VPS brokers, traders can choose their preferred provider. With that said, BeeksFX is one of the biggest VPS providers in this space. It offers low latency and claims to guarantee an uptime of 99.9% across a variety of packages.

Meanwhile, Liquidity Connect promises bare metal servers with 100% dedicated resources hosted in New York and London. It also cross-connects ultra-low-latency contact to financial technology, bridge, and liquidity providers.

MT4 and MT5 broker hosting and white labeling is offered by both VPS providers. There are more than 70 forex pairs available to trade at Oanda. The platform is also compatible with TradingView and NinjaTrader.

Pros

Top Free VPS forex Trading Platforms Compared 

We’ve included a comparison table below to help traders decide on the best VPS broker for their goals.

What is a Forex Free VPS?

In essence, a forex VPS refers to a virtual server that allows traders to continue opening positions offline around the clock.

To clear the mist on forex VPS tools, consider the following:

• A VPS is a virtual private server that provides traders with the equivalent of a dedicated server.
• The best VPS trading brokers in this space offer protection and security against unanticipated system faults.
• This is because VPS hosts keep traders connected and enable them to continue placing orders around the clock.
• This works regardless of system errors or internet outages.
• As such, a VPS may be viewed as part of a trader’s risk management approach.
• The best VPS providers offer low latency and quick execution rates, all of which are necessary for potentially profitable forex trading.
• Traders can also set up platforms such as cTrader, MT4, and MT5 to automate trades on a VPS.

As we touched on, in some cases, the VPS chosen will come with the likes of MT4 installed. Moreover, the best VPS trading brokers will offer a high upside guarantee to ensure the buying and selling of currencies can continue no matter what.

Why Use a VPS Forex Broker?

Although there are various ways to access a VPS, forex traders might not find them to be the most practical option.

For instance, utilizing a home computer requires both a steady and secure internet connection as well as a consistent source of power. As such, using a home computer to trade forex using EAs might be disastrous if these requirements are not satisfied.

Trading with a VPS broker is not only for experienced traders. The best free VPS brokers are dependable platforms that offer uninterrupted automated trading.

Nonetheless, there are several benefits to using VPS forex brokers, such as:

• The best VPS forex brokers can facilitate fully automated currency trading operations around the clock with an upside guarantee of up to 100%.
• This lowers the possibility of losing money when trading foreign exchange because of power outages, internet disconnections, or market slippages.
• The best free VPS broker should offer rapid transaction execution which is possible thanks to low latency.
• Many forex VPS providers will assist traders in installing automated tools such as EAs or indicators.
• The majority of VPS brokers allow traders to host several accounts.

In a nutshell, a forex VPS broker is a dependable trading platform that doesn’t go offline.

This enables traders to connect with low latency and place orders automatically via their broker. Some of the best free VPS brokers also allow traders to customize their own programs.

Conclusion

This guide has analyzed the best free VPS brokers for 2023. VPS brokers ensure that traders can buy and sell FX pairs automatically and seamlessly, regardless of outages or weak internet signals.

We ranked Pepperstone the top choice among all the best VPS trading brokers we reviewed today. It has multiple partners and offers a 100% upside guarantee during market hours.

Not only that, but traders who aren’t eligible for the free VPS program can still claim 25% off one of their choosing. Moreover, Pepperstone offers super competitive trading fees and leverage on all supported markets.

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

FAQs