Having a website helps in spreading the word about one’s business. For Forex Traders, using a great hosting service would help them do more trades and earn more. On that note, what is the best hosting services for Forex Trading? Do traders need to use VPS or dedicated hosting? What are their differences anyway?
A lot of traders choose VPS or Virtual Private Servers because of its capabilities. It can operate above the limits of a shared server. But, it is still below the limits of a dedicated server. Knowing this, why do traders use VPS than dedicated servers?
This article will discuss key differences and points about these hosting services. One should understand the strong and weak points of each hosting service afterward. This will help in choosing the best hosting service that would suit their business needs.
VPS Hosting
A VPS hosting service uses the same server to run many of its users’ websites. The users have full control over their “partition” of the server. This also means that they have higher resource limits than shared servers. These resources include RAM, storage, and bandwidth. All these are critical in running many MT4 instances at the same time.
In other words, small businesses will benefit more in using a VPS than a shared server. With a VPS’s resource limit, it can handle even a big personal website. When using a VPS, one can ease their worries about latency and crashing issues. With the resources at a VPS’s disposal, these issues happen rarely. If it happens, it has a dedicated 24/7 customer support to help users overcome these concerns.
On top of that, using a VPS will cost less than a shared server. This helps businesses to earn more while shelling out little funds in the process.
Pros:
● Great performance levels for small to medium businesses
● Costs lower than dedicated hosting
● Has dedicated support for each user
Cons
● Cannot match a dedicated server’s performance level
● Users still share the same server so they have limited resources
Dedicated Hosting
With a dedicated hosting service, users will have a whole server all by themselves. They have full control over the server’s capabilities and resources. This means the user will be the one who will set their own limits on the server. Most big business websites use dedicated servers because of their near-unlimited resource. They even have the option to sign up for a dedicated plan when they know that their business is growing.
Pros:
● Near-unlimited resources
● Great performance
● Saves users’ funds should they plan on upgrading their businesses in the future
Cons:
● Some monthly plans are expensive
● Users need to have the advanced technical knowledge to run the server
Differences between VPS and dedicated servers
1. Resource limits
With a VPS server, it has an adequate amount of resources enough for small businesses. As stated earlier, it allows traders to run several MT4 instances at once. But, users still share the same server. They still have enough resources to run their businesses so some of them don’t mind this scenario. Also, VPS server plans have reasonable prices. Most people use this hosting service because of this.
In a nutshell, a user gets their own server with dedicated hosting. It doesn’t matter if the plan is small or large; the server is still theirs. They don’t need to share it with anyone. Thing is, they need to pay more to have this option. It can be a gamble though. They need to find out first that their business will grow that big. If not, it will be a waste of their funds.
2. Security
Since users still share a partition of a VPS server, they still have potential security risks. Even though a user makes sure of their security, they are still at risk because of other users’ breaches. These hackers still need to get into other users’ partitions but still, a risk, nonetheless. What they can do is strengthen their security software. It’s their partition so they can install whatever they want on it.
With dedicated hosting, users will not worry about other users’ breaches. This is because they own the whole server. They don’t have anyone to share it with. So if any security breach happens, it’s them since it’s their sole responsibility.
3. The ability to configure and customize
When choosing either a VPS or a dedicated server, users need to see if they want an unmanaged or managed one. With an unmanaged server, users need to build the server from the ground up. Not to worry because the hosting service provides all the tools they need. In managed plans, the server is already furnished and ready to go.
A lot of users tend to choose the managed one since it only needs at least basic technical knowledge. The thing is that managed plans are of course, pricier than the unmanaged one. So if the user has the technical knowledge, its best to use the unmanaged server.
Users are free to customize their servers as much as they want to. They can even decide on the resource limit based on their business needs. Users will only need to have a plan that suits their needs.
The verdict? Both VPS and dedicated servers help users maintain their business. It all comes down to the role that the server would play and how the user will adapt to it.