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Amazon Web Services Offers 12 Months of Free VPS Service

May 20 2013
By

As a journalist, I absolutely love it when I get a little heads up from someone about an interesting piece of news. It's almost like someone else doing your job for you, while you take all the credit and get paid. Today's story is brought to you courtesy of our friend Miroslav Rusev, also known as "mirusev", one of the top dogs in the latest Myfxbook contest with 38000% profitability. Basically, the big news is that Amazon Web Services (AWS) is offering 12 months of free VPS. And in case you didn't know, that is a huge money-saver.

 

VPS stands for “virtual private server” - a so-called virtual machine running on a remote PC which performs as a separate physical computer. It's really not a term you hear often when it comes to Forex, but using a VPS does offer some undeniable convenience, even advantage. Number one is the fact that using a VPS allows speedier order execution. You could choose a server which is physically close to your broker of choice, making the information transfer easier. With the proper EA running on the server, you could actually speed things up enough to even save yourself some slippage costs. Number two, security. Companies that offer VPS systems make sure their product is up and running practically 99.9% of the time, and provide constant maintenance (not to mention antivirus programs and other security tools). Number three is the convenience of trading any time, anywhere where there is an Internet connection. And yes, I do realize that in this day and age most of us use our smartphones for that, but, there are enough brokers that either don't support mobile trading, or their mobile platforms are crappy enough to make you wish they didn't.  

 

Got your attention, didn't I? Of course, VPS comes at a cost, so if you want to try it out, the AWS offer is probably a good way to go. All it takes it a registration at aws.amazon.com. When you open your account, go to the EC2 section of your dashboard and create a “New instance” following the walkthrough below. We even have some pictures to make everything simple and colorful (once again, thanks mirusev!):

 

 

Once you complete these steps, you will be granted the privilege of using 750 hours of Amazon EC2 Linux/Microsoft Windows Server Micro Instance with 613 MB of memory, as well as 32-bit and 64-bit platform support each month. In case you were wondering, with this many hours you can keep your VPS running non-stop all month long. You also get 750 hours of an Elastic Load Balancer (which distributes incoming traffic from your applications to several EC2 instances) plus 15 GB data processing, and 30 GB of Amazon Elastic Block Storage (block level storage volumes which are used with Amazon EC2 instances), plus 2 million I/Os and 1 GB of snapshot storage.

 

The downside is that you only get a single core CPU, which, in combination with the RAM offered, will only support a limited number of Metatrader 4 (MT) platforms to be open at the same time. Still, I'm sure you could learn to accommodate. After all, it's not everyday Amazon gives out stuff for free! 

 

TAGS: amazon  aws  vps  virtual private server  free  free vps 
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