deposit:
- $1
Trading platform:
- TradingView Basic
VirgoCX Review 2024
deposit:
- $1
Trading platform:
- 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
Summary of VirgoCX Crypto Exchange
VirgoCX is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.15 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. VirgoCX ranks 117 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
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.NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
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.
💰 Account currency: | Cryptocurrencies, USD, CAD |
---|---|
🚀 Minimum deposit: | 1$ |
⚖️ Leverage: | 1:1 |
💱 Spread: | Market |
🔧 Instruments: | Cryptocurrencies, USD, CAD |
💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with VirgoCX:
- 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.
👎 Disadvantages of VirgoCX:
- 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.
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Expert Review of VirgoCX
The VirgoCX crypto exchange was launched in 2018. The headquarters are located in Toronto. The company is subject to the financial laws of Canada and is officially registered under the MSB license number (FINTRAC) M19955733. The license is valid.
During its operation, the exchange has not been found to be fraudulent. There is no evidence of violation of regional or international legislation, failure to fulfill obligations to customers, or unresolved disputes. The company implements the GlassBox strategy, therefore its activities are 100% transparent, including all financial aspects.
The trading terminal in the browser is a TradingView version that is without significant modifications. The mobile application is available for iOS and Android devices and does not differ in functionality from the browser version. There are charts, indicators, order books, and other standard functions. A peculiarity of the terminal and the mobile application is the integration of the Interac e-Transfer system. This is an innovative protocol that allows you to instantly carry out transactions involving cryptocurrency.
The main cryptocurrencies and coins are traded on the exchange, there are two fiats. The limits are significant, and there are no restrictions on trading strategies. The entry threshold and trading levels are minimal and the interface is intuitive. But there is no demo mode or tutorials for beginners to study, only a basic FAQs section. This is partially offset by a quick-response technical support team that can be reached via its call center.
Dynamics of VirgoCX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The cryptocurrency exchange does not provide investment programs. The company’s clients receive their main income through the purchase and sale of cryptocurrencies, coins, and fiats. Of the passive earning options, only the referral program is available. The introduction of staking and other solutions for investors is not planned.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
VirgoCX’s affiliate program
The crypto exchange offers a referral program of two types: one for socially active clients and another for clients trading on the OTC desk. A verified user who meets the following requirements can participate in the standard program:
have an active profile on any social platform with at least 2,000 subscribers;
the social account, page, own blog, or website must be relevant to crypto trading;
community activity implies at least 500 users involved in the discussions and the community leader must have authority to control the exchanges.
These conditions are generally optional but highly recommended. Upon the failure to comply with certain points, the exchange may refuse to receive a referral link. The clients of the platform can always contact technical support and demand individual consideration of their application.
Upon approval of the application, the user gets access to the referral link and related reporting. He can post the link on any platforms. Each new exchange client who registers with the platform using his link will bring the following bonuses to its owner:
10 USD after passing the verification;
20 USD if the invitee makes a deposit of at least 100 USD.
The program is unlimited, that is, the exchange’s client can invite an unlimited number of referrals to the platform using his link. Detailed statistics on the effectiveness of links, referrals, and payments are available in the personal account.
The second referral program is designed for traders who trade more than $30,000 per trade. Such trades are automatically transferred from the main desk to the OTC desk to reduce volatility and price slippage to meet the interests of other clients.
In this case, the application is submitted personally through the call center. Based on the results of the interview, the exchange specialist provides the client with a referral link, which he is free to post on any social platform. Payments under the referral program are as follows:
200 USD for the first trade of each new client;
0.2% of the nominal value of each transaction of the referred client.
This program is also unlimited, and the exchange client can invite any number of referrals via his link and earn money on each of them indefinitely. The referral maintains his status all the while that he trades on the platform.
Trading Conditions for VirgoCX Users
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.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
💻 Trading platform: | Basic TradingView in browser |
---|---|
📊 Accounts: | Standard |
💰 Account currency: | Cryptocurrencies, USD, CAD |
💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and crypto wallets |
🚀 Minimum deposit: | 1$ |
⚖️ Leverage: | 1:1 |
💼 PAMM-accounts: | No |
📈️ Min Order: | from 0 |
💱 Spread: | Market |
🔧 Instruments: | Cryptocurrencies, USD, CAD |
💹 Margin Call / Stop Out: | No |
🏛 Liquidity provider: | No |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders 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 |
Broker comparison table of trading instruments
VirgoCX | Bybit | MEXC | Binance | Huobi Global | Coinbase | |
Forex | No | No | No | Yes | Yes | No |
Metalls | No | No | No | No | No | No |
Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
CFD | No | No | No | No | No | No |
Indexes | No | No | No | No | No | No |
Stock | No | No | No | No | No | No |
ETF | No | No | No | No | No | No |
Options | No | No | No | No | No | No |
VirgoCX Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Standard | 0,1% per order | Yes |
There are no commissions for depositing cryptocurrency. If you want to withdraw, the commission differs for each asset, as well as the minimum withdrawal volume. For example, for Bitcoin, the client cannot withdraw less than ₿0.0015, the fixed commission is ₿0.0002. For Ethereum, you cannot withdraw less than Ξ0.01, the fixed commission is Ξ0.005.
There are no USD deposit fees, but you cannot deposit less than $500. The withdrawal fee is 0.5% of the withdrawal amount, but not less than $20. For Canadian dollars, the deposit is free, withdrawal is 0.5%, but not less than 20 CAD for bank transfers or 0.5%, but not less than 5 CAD for wire transfer. Bank transfers are not available if the client intends to deposit less than CAD 3,000 on the account. With the help of an electronic transfer service, it is possible to enter any amount from 10 CAD.
Broker | Average commission | Level |
VirgoCX | $0.1 | Low |
Bybit | $20 | High |
Bitfinex | $0.1 | Medium |
Contacts
Foundation date | 2018 |
Registration address | Toronto, Ontario, Canada |
Official site | https://virgocx.ca/ |
Contacts |
Email:
support@virgocx.ca,
Phone: (1)647-919-8550 |
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FAQs
Do reviews by traders influence the VirgoCX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about VirgoCX you need to go to the broker's profile.
How to leave a review about VirgoCX on the Traders Union website?
To leave a review about VirgoCX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about VirgoCX on a non-Traders Union client?
Anyone can leave feedback about VirgoCX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.