Learn more about TU’s methodology
- $1
- TradingView Basic
- The pool contains most of the popular cryptocurrencies and tokens, fiats are represented by the American and Canadian dollars, there are no trading commissions, only for withdrawals, a referral program with significant payments, there is no investment, and transactions are carried out instantly
Our Evaluation of VirgoCX
Learn more about TU’s methodology
VirgoCX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.69 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by VirgoCX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The VirgoCX cryptocurrency exchange is one of the leaders in the Canadian crypto trading market and occupies a significant position within its genre. The exchange is widely known for its zero trading commissions, pairs with fiat (USD and CAD), and high transaction speeds. Beginners are attracted by the absence of a minimum deposit, the transparency of the exchange, and its TradingView-based trading terminal, which is easy to master even without experience in crypto trading. Experienced players come to the exchange due to the high stability and security of the trading terminal, advantageous economic policy, and large trading volumes. Referral programs allow you to receive significant passive income. The exchange constantly holds contests among its clients with real prizes in cryptocurrency.
How we tested VirgoCX
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at VirgoCX
The VirgoCX cryptocurrency exchange provides its clients with a multifunctional terminal for trading crypto-crypto and crypto-fiat pairs. The cryptocurrencies on the platform are represented by Bitcoin (₿), Ethereum (Ξ), Tether (₮), Bitcoin Cash, Stellar, and many others. The fiats are represented by the US dollar (USD) and the Canadian dollar (CAD). The exchange has a mobile trading application that can be downloaded from the App Store and Google Play. The main feature of the platform is that there are no trading commissions because commissions are charged only for withdrawing funds and sometimes for depositing funds. This also applies to over-the-counter trading. The exchange has a transparent financial policy, no hidden payments, and the most popular options for depositing/withdrawing fiats and cryptocurrencies are available, including bank transfers and cryptocurrency wallets. Investment programs have not been introduced here, but two referral programs allow the user to provide stable passive earnings.
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- there are many cryptocurrencies and coins for trading, plus two fiat currencies which include the US dollar and the Canadian dollar;
- there is no minimum deposit, the exchange clients regulate their financial policy on their own;
- no commission fees for trading transactions, commissions are charged only for deposits and withdrawals;
- the exchange offers two options for a referral (partner) program for passive earnings;
- due to free listing with minimal commissions, the cryptocurrency pool is constantly growing;
- the exchange has a proprietary mobile application, and there are different iterations for diverse devices based on different operating systems;
- the platform is characterized by a high level of protection of user funds and data;
- technical support is available not only by email but also through the call center.
- the crypto exchange does not offer investment solutions, only active trading and referral programs;
- there are no specialized solutions for beginners such as demo accounts or training guides.
TU Expert Verdict
Chief Analytics Officer
VirgoCX is a cryptocurrency exchange that offers trading in 60 coins, including Bitcoin, Ethereum, and Tether, as well as U.S. and Canadian dollars as fiat options. The platform is built around a TradingView-based terminal and a proprietary mobile app for iOS and Android. It features zero trading commissions, a low minimum deposit of $1, instant transactions, and referral program opportunities. Regulated by FINTRAC in Canada under a Tier-1 authority, VirgoCX employs strong security measures, including cold wallet storage, KYC protocols, and two-factor authentication for client protection.
A few disadvantages are the lack of investment tools beyond staking, absence of demo accounts or educational programs for beginners, and fees on withdrawals and some deposits. There is also no support for crypto futures or options, and the selection of coins remains smaller than larger global exchanges. VirgoCX may be suitable for users seeking no-commission spot trading with high security, but advanced traders or those looking for more diverse investment products may find competing platforms more compelling.
VirgoCX Summary
| 💻 Trading platform: | Basic TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, USD, CAD |
| 💵 Deposit / Withdrawal: | Bank cards and accounts, electronic and crypto wallets |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | from 0 |
| 💱 Commission: | Spot: 0%-0% |
| 🔧 Instruments: | 60 supported coins, Fiat, NFT. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | N/A |
| ⭐ Trading features: | The pool contains most of the popular cryptocurrencies and tokens, fiats are represented by the American and Canadian dollars, there are no trading commissions, only for withdrawals, a referral program with significant payments, there is no investment, and transactions are carried out instantly |
| 🎁 Contests and bonuses: | From time to time, plus the Traders Union bonuses |
To start trading with the VirgoCX cryptocurrency exchange, you need to go through the registration and verification procedures. Verification takes a minimum amount of time, usually less than a day. After that, the client of the platform gets full access to its functionalities without any restrictions (there are only withdrawal limits). The exchange does not have a fixed minimum deposit and clients regulate their financial policies. The exchange does not provide leverage, so a trader can only rely on his own budget. If a user has a question and he did not find an answer in the Support Center, he can contact the company’s specialists via the Contacts section, where there is a form for sending a request. This section also lists support’s email address, a multi-channel call center number, and directions to its Toronto office.
VirgoCX Key Parameters Evaluation
Regulation and Safety
VirgoCX has earned a rating of 10/10, demonstrating strong security and regulatory compliance. This score suggests that the exchange is generally reliable and offers a solid level of protection for users.
- Investor protection fund
- 2FA
- No successful hacks history
- Tier-1 regulation
- Cold wallet storage
- Government-regulated
- No facial recognition
- Not U.S regulated
VirgoCX Security Factors
We also compared VirgoCX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| VirgoCX | Kraken | OKX | |
| Tier-1 regulation | Yes | Yes | No |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | Yes | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | Yes |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is VirgoCX a regulated crypto exchange?
VirgoCX is regulated by a Tier-1 financial authority (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or another jurisdictions with strict financial oversight). This ensures strong investor protection, compliance with stringent operational standards, and enhanced security for users trading on the platform.
VirgoCX is authorized or licensed in accordance with local regulations in the following regions: Canada.
Is verification (KYC) mandatory at VirgoCX?
Yes, KYC verification is mandatory at VirgoCX. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is VirgoCX available in the USA?
Yes, VirgoCX is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
VirgoCX commissions and fees
VirgoCX received a 7/10 score for its trading fees. While VirgoCX is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are VirgoCX trading fees?
We analyzed VirgoCX’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
VirgoCX trading fees vs competitors
| VirgoCX | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0 | 0.22 | 0.2 | 0.194 |
What are VirgoCX deposit and withdrawal fees?
| Deposit fee, % | 0-3.99% |
| Withdrawal fee, % | 0.000003408 - ВТС 0.00001 ETH |
Does VirgoCX offer P2P trading?
No, VirgoCX does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
VirgoCX received a 5.5/10 rating for its deposit and withdrawal services. While VirgoCX covers basic payment options, the platform lacks some widely used methods that could improve user flexibility.
- Bank cards accepted for instant deposits
- Bank transfers for deposits and withdrawals
- Many cryptocurrencies for deposits and withdrawals
- Deposit fees apply
- No PayPal option
Deposit and withdrawal options
VirgoCX supports the following deposit and withdrawal options: Bank transfers, Bank card, Crypto.
VirgoCX Deposit and withdrawal options vs competitors
| VirgoCX | Kraken | OKX | |
| Bank transfers | Yes | Yes | No |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | No |
What is VirgoCX minimum deposit?
The minimum deposit at VirgoCX is 500 USD/USDT or 4 BTC. The minimum trade size is 20 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
VirgoCX minimum deposit vs competitors
| VirgoCX | Kraken | OKX | |
| Minimum deposit, USD or USDT | 500 | 10 | 10 |
| Minimum deposit, BTC | 4 | 1 | 5 |
| Minimum trade amount, USD/USDT | 20 | 1 | 1 |
Does VirgoCX support fiat money?
VirgoCX supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
VirgoCX received a score of 4/10 in this category, indicating a modest offering of assets and markets. While VirgoCX covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- NFTs available
- Staking available
- Crypto options not available
- Crypto futures not available
VirgoCX supported coins and markets vs competitors
We compared VirgoCX with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| VirgoCX | Kraken | OKX | |
| Supported coins | 60 | 278 | 329 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | Yes |
| NFTs | Yes | Yes | Yes |
VirgoCX passive income options vs competitors
We also compared VirgoCX with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Contacts
| Foundation date | 2018 |
|---|---|
| Registration address | Toronto, Ontario, Canada |
| Official site | https://virgocx.ca/ |
| Contacts |
(1)647-919-8550
|
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