April 11, 2021

Can I use a VPN to trade?

What is a VPN Service?

A VPN (for Virtual Private Network) is a program that allows you to secure your connection, by hiding your personal data and by locating you in a place where you are not, and at the same time accessing blocked content in your region. We know that some binary options trading platforms are unusable in some countries, and VPN could be a solution. But can you use a VPN to trade and if so, what are the advantages and disadvantages of using it?

Is it possible to use a VPN for trading?
Getting into trading involves obvious financial risks, and protective measures may be considered. On the one hand, care must be taken to opt for a broker authorized to offer binary options trading, taking into account the warnings of the AMF (the Autorité des Marchés Financiers, source), on the other hand, protecting your personal data – banking information, contact details, etc. – which will often have to be provided on trading platforms, with the most reliable brokerage establishments.

Can I use a VPN to trade?

Using a VPN, with this in mind, could be a solution. If you know how a VPN works, you understand why: it is a way of encrypting all of your private data, so that your Internet Service Provider (ISP) or potential hackers cannot access it. With the best VPN tools, you can choose the country from which you want to simulate a connection and thus access sites blocked in the area or inaccessible content: Netflix catalog, online betting sites, trading platform … Depending on your location home and your areas of interest, these safety programs can be of interest. The dangers of an insecure connection are too great to take the risk.

For trading, it is useful if you travel frequently and want to keep an eye on your finances and the state of the stock market, to react quickly if necessary, even in a country where certain platforms are not available or when certain stocks (such as trading CFDs to individuals or buying binary options) are subject to regulations. It is also a way to protect your device (computer, smartphone, tablet, etc.) when you are away from home and using an unknown internet connection.

To the question Can you use a VPN to trade, the answer is yes. But is it an attractive option?

 

Why should i use a VPN to trade?

A good privacy-oriented VPN service helps you to protect your identity from whoever wants to track you, be it hackers, a government agency, or a malicious third-party. It’s a commonly accepted fact that privacy a fundamental human right among the civilized people. No one can steal your hard-earned money if they don’t know it’s you who owns it, which is why privacy is the ultimate security measure.

Speaking of bitcoin and crypto security, you shouldn’t sweat it – all cryptocurrency protocols are designed with the highest level of security in mind and use end-to-end encryption. Most exchange websites use HTTPS end-to-end encryption, too, so no one can intercept the data you send directly to them unless you’re exposed to critical security vulnerabilities. A VPN service adds an extra layer on top of that, which makes all of your web interactions more secure.

These are the key reasons why you should use a VPN when working with cryptocurrencies:

  • VPN encrypts the data you send through the network, making it harder to intercept.
  • VPN adds another layer of security against malware, viruses, and phishing attacks.
  • It hides your IP address to prevent IP tracking by hackers, government officials, and forensic analysis firms, so you can buy and sell crypto completely anonymously (if you avoid KYC/AML exchanges).
  • A privacy-oriented VPN doesn’t store your logs and has a kill-switch, which helps to maintain your anonymity. [*]Don’t fall for a free VPNs for your crypto activities, as these service providers tend to fund themselves by selling your private data. If you are serious about your privacy and security, go for a paid VPN, as they are more reliable and secure.

 

 

Trading with a VPN: what you need to know

By choosing a reliable trading platform, authorized and regulated by the financial authorities in most of the countries, you will not encounter any blocking or restriction problems. In this full review of the broker Admiral Markets, voted the best broker several times by its clients, you will find a list of the countries in which it operates and the protective measures taken to secure users’ funds. Does this mean that you can do without a VPN to trade?

The VPN poses several concerns when it comes to being responsive, as it should be when trading, especially when it comes to connection speed. This is sometimes slowed down – this is one of the major flaws of this type of software – and this causes problems when you want to act quickly, especially when you are practicing swift trading. The computer will tend to row, the supported trading platform may have difficulty loading and you may miss out on opportunities. This is why the browsing speed when the VPN is activated is one of the essential criteria for the selection of such software and why the developers of the most successful tools are constantly striving to improve it.

Another sticking point, when it comes to using a VPN to trade, is the address. Those who think that it is possible to trade by hiding their practice, via an IP address located on the other side of the planet is wrong. When you register on a regulated trading platform, you will need to provide an identity document and proof of address of less than 3 months. Therefore, you are identified as an actor in the financial markets (as an individual) and there is no reason to want to hide your activities.

In short, you can use a good VPN to trade, in order to protect private information when you connect to a place where the connection is not secure – public WiFi for example – which makes it possible to avoid all forms. hacking. This will provide additional security for your personal data, allowing you to manage your finances and investments in a more relaxed manner.

Conclusion

A reliable VPN is a handy privacy and anonymity tool for everyone who deals with cryptocurrencies. It’s not a compulsory security measure that will save you from all and any harm (like malware, hackers, and viruses) and cryptocurrencies are already secure as they are cryptographically encrypted by design, but it can definately enhance your security and protect your identity. Look for a no logs VPN when choosing one and don’t forget to support service providers who accept payments in cryptocurrencies. When used correctly, a privacy-oriented VPN becomes an invaluable instrument in your security toolset.

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