Proxmox VE OR VMware vSphere

Can I install Proxmox VE OR VMware vSphere to do little vps's inside my root cpanel vps?

If your cPanel VPS is a Xen HVM (or other fully virtualized environment and not a para-virtualized environment) then you can. This means no for OpenVZ, Virtuozzo, Xen PV, and quite a few other virtualizations that VPS are commonly run on.

Ultimately I wouldn't suggest running virtualization inside of a virtualized environment anyways.
 
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