Hi everyone. In my previous post I announced to the world my intentions to set up my own Forex VPS business. Since then I’ve had a few questions from interested traders, and I though it would be best to respond to the most common concerns and inquiries here on my blog so everyone can get a better idea of what I intend to offer if this business proposition pulls through.
So far I have roughly 50 interested traders, which is a bit shy of my 100 goal but I’m hoping that more will sing-up for the interested clients mailing list. If I do not get at least 100 potential clients I will drop this idea and move on because unfortunately 100 is the minimum necessary so I can break even on this venture.
Now on to the questions. This of this as a sort of mini FAQ.
Q: Will I be able to host as many EAs as I want with different brokers?
A: Yes, your forex vps account allows you to setup multiple “sub accounts” each of which can have a different broker’s MT4 platform and different configuration.
Q: Is uptime guaranteed? Am I going to have downtime with your vps?
A: Yes, uptime is guaranteed. The servers are co-located with Rackspace which has a 100% uptime guarantee. They are managed by the Rackspace crew which from my research I found to be the best in the industry. They take care of the server infrastructure, and I take care of you.
Q: Will any EA work with the vps account?
A: Yes, any EA out there should work just fine. If for some odd reason it does not we will get in touch with the developer and work with him/her to make sure it does.
Q: Can you ensure low latency to my chosen broker?
A: Yes, I will have 3 servers each in a different geographic location (USA, UK, HONG KONG) and your account will be placed on the server that is closest to your chosen broker’s MT4/MT5 platform.
Q: Can I trade using the MetaTrader 5 (MT5) platform?
A: At the moment there isn’t enough demand for this platform, but I can assure you that I will have it ready soon after I get this venture on its feet.
Q: Will I be sharing my account with other traders?
A: Oddly enough I got this question from someone. Let me just make it clear that you will have YOUR OWN username and password and your account will be totally separate. Nobody can access your EAs at all!
Q: Will you accept PayPal?
A: Yes, I intend to accept major credit cards, PayPal, and possibly some of the more popular e-currencies out there.
Q: Will I be paying for my vps by the month and can I cancel at any time?
A: Yes of course you will be billed on a monthly basis and if you are not 100% satisfied with the service you can cancel it before the next billing period.
I think that pretty much covers most of the questions I’ve received. If I find a few more (I have to dig through my e-mails a bit) I will post them here. But also if you have any questions or concerns not explained in this post please feel free to comment on this post.
For those of you interested in joining me I recommend you first checkout my first post relating to this VPS venture so you can get an overall idea of what it will be about (price, etc), and if you are still interested I welcome you to sign-up for my “potential clients” mailing list here:
*your e-mail will be kept strictly 100% confidential and if this venture does not succeed you will be given a choice at the end to sign up for any of my other mailing lists if you wish to be kept up-to-date on what I’m up to, but either way I will be removing your e-mai from the list and deleting the list if this venture does no succeed*
Wishing you all the best of luck with your trading!