A VPN can prevent this by making you stay anonymous so you can browse the websites undetected. It's helpful to think of a VPN like a bodyguard for your personal data information. When you go somewhere through a tangled network of public Wi-Fi, your VPN will shield you from password thieves and keep you safe from risky places. So to put it simply, using VPN is quite an easy way to get around geo-restrictions and regulations, as well as preventing hacks and leaks of your personal information.

See Also: 5 True Stories of Forex Broker Scams. However, all of those protections must come with a price. In general, using a VPN can be problematic, especially if you're using the free ones. As a forex trader, there are some extra cautions of using VPN because it is often said that many brokers don't allow forex trading with VPNs or proxies.

Some would even cancel the trader's profits if caught using a VPN. With the growing numbers of VPN providers in recent years, it's getting trickier to pick one. The market continuously expands even further as people work from home due to the coronavirus pandemic. Many VPNs are now offered as a free package but promise similar benefits as the paid versions. Considering the various advantages that sound attractive for many internet users, the first question that you should ask yourself is: what's in it for them?

John Mason of thebestVPN. com reveals some possible risks of using a free VPN, as explained below:. Furthermore, Mason mentioned a number of free VPN service providers that would sell user data to third parties , as stated in their privacy policy. Some of those providers are Hola, Betternet, Hotspot Shield, Psiphon, Onavo Protect, ZPN, TouchVPN, FinchVPN, Private Pipe VPN, Tuxler, Go VPN, and Hexatech.

For these reasons, Mason advises against using free VPNs. Moreover, he also stated that free VPNs tend to store users' log data and leak the DNS user. See also: Hacking Attacks On Forex Brokers, What To Do? The next thing that you should be aware of is that your device might catch malware. This is quite alarming because users might not be able to detect the malware straight away, so using a free VPN is considered risky.

Not only that, free VPN services are often full of ads ranging from small pop-ups to more annoying ones that block the whole screen for about seconds.

Regardless of the risks, some traders still use VPN service because they are pressured to do so. Some important matters should be taken into account by forex traders. First, you need to reconsider your broker choice. There are tons of excellent forex brokers with a wide range of competitive offers. If you can find a legitimate broker which site is not blocked in your country, then you don't have to use a VPN at all!

But if your broker of choice is blocked and you must use VPN to access it, then you should apply the principle of caution when choosing which VPN you choose. In addition, please note that using a freemium or premium VPN service still does not fully guarantee that the company will not collect your data and sell it to other parties.

Some people underestimate this risk, so they keep using the same VPN service for months, even years. However, if you consider keeping your data private is important and don't want to lose it to other parties without your consent, then consider accessing the blocked forex broker sites by using non-VPN alternative options, such as changing browsers or ISPs.

To answer the question, some brokers essentially allow the use of a VPN, but some are not. Strictly speaking, some brokers stated that if certain countries block access to their websites, traders can register an account and withdraw their funds by using a VPN or proxy.

See Also: Recognizing Forex Broker Scams. One of them added that if the initial registration used a VPN, then the broker will ask for confirmation to clarify the IP.

This step is crucial so that the personal data entered by the clients is correct and valid. Help keep your online activity private with SurfEasy VPN SurfEasy VPN uses encryption to help block hackers from stealing the personal info you send and receive over Wi-Fi.

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