Best thing they have is a 32GB RAM machine for $220 it seems. You most likely want something more than that for proper backtesting. For live trading, sure, I mean I'm paying $10 a month and I have no complaints.
i am building pc for live trading using verizon fios. the pc costs around 2500 dollars with 3950x cpu and 128G memory. renting such a server with more than 1000 dollars, is too expensive, do not you think?
Geez. Makes my Dell $225 Xeon workstation w/8GB RAM look like a child's toy. (To be honest, that's not exactly right. Most of my workstations are that, but my primary rig which runs 4x, UHD monitors actually cost $250... as in installed an upgraded NVS 510 video card I bought on eBay for $25.)
60-120$ a month. Don't you think it makes more sense to host your algo (almost) colocated than building a high end PC and connecting it via crappy ISP lines? It's like buying a Porsche GT3 to do your grocery runs.
There are other concerns beside processing power/cost. VPS have backup generators for power outages, far better connectivity etc. Any home connection is always less stable. Personally, I'd never trade from non-VPS connection again.
10 year old Windows 7 32bit 4GB Intel Core 2 Duo 240GB SSD runs MT4 just fine and everything else, don't worry about it too much. A new Mid Priced CPU would only give me a 30% speed boost, hasn't really changed much over the last 10years unless your playing games it's irrelevant. More Cores which most stuff doesn't use other than high end games so no biggy, 2 is fine