I am using Alibaba ECS with windows server 2012 1 CPU, 1 GB RAM. If you paid a reserve instance. It merely just around $6 per month. The benefit is you can move your server around the world to be as closed as possible to your broker servers.
I have seen that they recommend the amazon vps, it is free for the first year, some say it is slow, but you can try and see how it goes with just one ea.
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