MyForexVPS (Myforexvps.com) review is out after complaints that this is an exact copy of another VPS provider. After looking at forexvps.net and myforexvps.co.uk, we could see the resemblance. Users should note that their original website went under the domain myforexvps.ru. Although the other websites are not the same in terms of appearance, the features do. And this was a good enough reason to dig deeper and find out the quality of their services. Read through this MY Forex VPS review and find out the truth.
The name is synonymous with other VPS service provider who uses the exact wording. We don’t know why a service provider would use the name of a competing brand. It seems that the vendor in question is trying to attract investors from the American and European markets. With details emerging that the true developer is Russian, a lot is on the line. With online investment and trading, one has to know who they are in bed with. There are a lot of hackers who come up with trading websites to steal valuable personal data. To avoid such, this review hopes to inform the reader.
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My Forex VPS is a platform that is originally from a Russian who rented a server. With unexpected network disconnects, the vendor is not reliable. From their myfxbook profile, one can see the various rants from users. One such user is Mr. Evolt, who was lucky we used the services on a demo account. The member would have outright lost all his deposit with the VPS provider. Others were not so lucky and ended up blowing their accounts.
There is an affiliate program that allows users to earn by attracting new customers. Users get 10 percent of the payment for the lease of the VPS. One has to register with their personal account to become an affiliate. Before doing so, there’s one major hurdle with the vendor. No one has come out and posted any proof of being paid. On some VPS forums, we saw some users angry at the vendor. Some have been affiliate members for over 90 days and have yet to receive payments. Their recruits are now blaming these affiliate members for directing them to a lousy VPS service provider.
An unknown Russian developer and offers a copied website is not to be trusted. We see an anonymous vendor who wants to remain unknown for obvious reasons. The vendor is out to commit some grievous problems. The vendor is nearly out to cause some problems, as no one can pinpoint his identity. With anonymity comes a huge chance that this is a scam. When things go south, there is no way of reaching out to the developer. And this is the reason why we have to shy away from the platform.
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From the myfxbook comment section to various trading forums, it’s clear the platform is a hoax. Once the vendor copied the features from other websites, traders noticed the difference. Even their wording is the same, which makes us question the creativity of the owner. There are some positive comments which we believe are from paid users. The vendor could have given these users some incentives, such as free signals. With free signals, the recipients would have sold the VPS to anyone.
Details from a trusted domain checker reveal the actual creation date of their original website. The domain myforexvps.ru went live on 31st July 2012. The vendor has some experience in the online trading world. Why would such an experienced vendor sell copied services? Greed is the main motivation as the vendor wants to steal from naïve investors at once. These are some of the main reasons why investors should be extra careful with VPS service providers.
When it comes to server specification, the vendor believes quality is of importance. Those involved in the financial market understand the need for quality servers. The VPS signal provider believes they are a step ahead of the competitors. My forex VPS boasts of having high-quality equipment as they are now using IBM *3650 M4 servers. The servers have a redundant power supply unit that ensures uninterrupted services. All this is big talk from a vendor who wants to entice more sign-ups.
MyForexVPS is far from being licensed and registered, which is a huge deal breaker. Without a valid license, it means industry regulation does not protect users. With claims that they are located in London, we checked with regulators to confirm their status. The Financial Conduct Authority has no VPS provider who is licensed under this entity. And this goes to show the level of security threat users are facing with this platform.
Even if the vendor has managed to offer money-back to some users, not all are satisfied. Some have to wait for over seven days for the vendor to reimburse the funds fully. In case of interruption, the vendor tries to solve the issue first. An interruption can cause huge losses to investors. The problem with this is that vendors will not pay back the funds lost. It’s the fault of the VPS, and as such, the vendor should be held liable. And this is the reason for going with fully regulated vendors. Licensed VPS service providers guarantee the security of funds.
MyForexVPS is offering affordable pricing plans to users, which is a way of enticing more users. There are four plans on offer: SOLO NL, PRO NL, XPERT NL, and GURU NL. These four plans’ price is $12.99, $17.99, $27.99, and $52.99. For these plans, users get between one to twenty-five forex terminals. Users also get 2 GB of ram to 6 GB of ram from SOLO NL to GURU NL. Members also get 30 GB SSD for the SOLO NL and 50 GB SSD disk. Windows servers are listed as 2008/2012, which means there are no updates.
The VPS service provider uses three data service centres. According to their information, they use evoswitch in Amsterdam. The Amsterdam bandwidth is more than 2.3 tbsps. It is a well-known data centre and is an international hosting for most websites. Telehouse is the London data centre which is found in the docklands. The developer claims that the docklands is the ideal place for their VPS servers for their European clients. New York is the last data centre on its list with no information on where the servers are located.
The vendor has proposed several payment options. These options include MasterCard, PayPal, Skrill, Visa, and WebMoney. On average, the depository process takes less than five minutes. The only problem we have with this website is the lack of proper DDoS protection. We also have learned there is no SSL encryption on their website. During the payment process, hackers might hijack the process and steal valuable data. It is the reason why we insist that copied websites are a huge risk.
MyForexVPS is a scam as they have copied from other legit VPS service providers. There are also a few complaints of the recurring downtime that is witnessed by users. It goes to show that this is a scam VPS service provider with no originality.
We won’t recommend this VPS provider due to the high risks involved.
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We wish all our readers the very best in trading, ensure safety comes first.
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