VirgoCX Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of VirgoCX trading signals. You will learn what kinds of trading signals VirgoCX offers and what the conditions for using them are.
Short introduction of 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.
| 💰 Account currency: | Cryptocurrencies, USD, CAD |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, USD, CAD |
| 💹 Margin Call / Stop Out: | No |
VirgoCX Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
VirgoCX Trading Signals
The crypto exchange does not charge commissions for trading operations under any circumstances. The assets involved in the transaction, the volume of the transaction, the total trading volume of the trader, and other factors do not matter. Trading commissions are always zero. There may be non-trading fees, however, such as withdrawal and bank, card or other transfer fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0,1% per order | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that VirgoCX does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Is automatic position opening based on signals possible?
Yes, it is what copy trading implies. In this case, all trades are copied automatically to the trader’s platform.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.