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VirgoCX Review 2025

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VirgoCX Review 2025
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Your Capital is at risk.

Your Capital is at risk.

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:VirgoCX
Headquarter:Canada
Founded:2018
Coins:90
US Accepted:
Max Leverage:1:1
About
VirgoCX is a crypto trading company founded by Adam Cai. The exchange is registered as a Money Service Business (MSB) under the number M19955733 and is supervised by the Canadian Securities Administrators (CSA).
Contact
4950 Yonge St, North York, Toronto, Canada
Rank and Score
Pros and Cons
User Levels
Pros
Decent Range of Cryptocurrencies
Registered with CSA
Various Security Measures
Cons
No Passive Earning Features
Only Spot Trading Provided

VirgoFX charges a 0.95% spread for trading BTC & ETH against USD or CAD. Trading other cryptocurrencies against these two incur a 1.6% spread. For trading digital assets against USDC, there is a 0.5-0.6% cost for tier 1 coins/tokens.

VirgoCX
VirgoCX Review: Pros, cons, and key details

VirgoCX Information & Regulation

Founded in 2018 by Adam CaiVirgoCX Inc. is headquartered in the heart of Toronto at 4950 Yonge St, North York. Here's the lowdown on VirgoCX's regulatory credentials:

  • Registered as a Money Service Business (MSB) under the number M19955733
  • Operates under the supervision of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
  • Registered with the Canadian Securities Administrators (CSA) under the number 72570

VirgoCX Exchange Key Specifications

The company operates based on a set of parameters in providing its crypto exchange services:

Exchange

VirgoCX

Launch Date

2018

Levels

Unverified, Verified

Trading Fees

Varies

Restricted Countries

Afghanistan, Iran, Iraq, North Korea, etc.

Supported Coins

90+

Futures Trading

None

Minimum Deposit

$1

Deposit Methods

Interac e-Transfer, Bill Payment, and Credit/Debit Card for CAD, Wire Transfer for USD or CAD, Crypto

Withdrawal Methods

Interac e-Transfer, Bill Payment, and Credit/Debit Card for CAD, Wire Transfer for USD or CAD, Crypto

Maximum Leverage

1x

Minimum Trade Amount

Zero

Security Factors

2FA, PIPEDA Compliant, Fiat Assets Held Within Trusted Bank Partner, Cold Storage, 1M CAD Insurance, Proof of Reserve and Other Types of Audits

Services

Virgo Boost Program

Customer Support Ways

Email, Live Chat, Ticket

Customer Support Hours

Monday to Friday, 10 AM to 6 PM ET

Fiat Deposit

Yes

Affiliate Program

Yes

Orders Execution

N/A

Native Token

None

VirgoCX Exchange User Levels

Based on the examinations done on the platform, it does not employ any user leveling system. Only two levels are available which are Unverified and Verified; the former restricts users in some operations with the exchange.

Commissions and Costs in VirgoCX

The exchange has a complex structure when it comes to trading fees. The next sections review commissions in trading and in deposits/withdrawals.

Trading Fees

The table below discusses the spreads for CAD and USD to crypto markets pairs:

Tier

Tier 1 Assets (BTC & ETH)

Tier 2 Assets (All Other Symbols)

Fees

0.95%

1.6%

For USDC to other cryptocurrencies pairs, costs are as follows:

Tier

Tier 1 Assets

Tier 2 Assets

Tier 3 Assets

Cryptocurrencies

ADA, ALGO, ARB, ATOM, AVAX, BCH, BTC, DOGE, DOT, ETH, FIL, LINK, LTC, MATIC, NEAR, RENDER, SHIB, SOL, XLM, XRP, POL

BONK, HBAR, ICP, ONDO, OP

ILV, JUP, PEPE, PRIME, WIF, WLD

Commissions

0.5%-0.6%

0.6%-0.7%

0.7%-1%

Finally, there is a spread system for buying USD using CAD and vise-versa:

Order Amount (CAD/USD)

Spread

0

1.85%

$50,000+

1.45%

$100,000+

0.95%

The company states that these spreads could increase to up to 2% "during weekends and statutory holidays regardless of the order size".

Deposit/Withdrawal Costs

For making fiat deposits, only credit card [3.99%] and debit card [2.99%] methods incur fees. There are no costs of any kind for fiat withdrawals.

Also, there are no commissions for crypto fundings; however, withdrawing cryptocurrencies from the exchange comes with a cost that varies based on the used blockchain.

List of Available Cryptocurrencies

With over 90 digital assets available for trading against USDUSDC, and CAD, VirgoFX claims that it offers one of the longest lists among Canadian exchanges. These assets are from various categories, including:

  • NFT
  • Gaming
  • Metaverse
  • Storage
  • Infrastructure
  • Data
  • Scaling

Does VirgoCX Exchange Offer Futures And Margin Trading?

This company does not provide any futures and margin trading options, similar to many other Canadian crypto exchanges. Traders looking for leveraged profits should look elsewhere.

How to Open an Account and Verify

Signing up with VirgoCX is a quick and easy process. Here's our guide:

  • Head to the website and click on "Sign Up";
  • Provide your email address and create a strong password; alternatively, continue with a Google or an Apple account;
  • Agree to the terms and conditions;
  • Check your inbox for a verification email and provide the received code to the exchange.

Now, your account is created with the platform. For verification, enter additional details as required and provide documents.

Safety and Security Measures

VirgoCX has mentioned several security implements that has been done on its platform:

  • Two-Factor Authentication (2FA): Additional security for the account
  • PIPEDA Compliant: Adheres to Canadian privacy laws
  • Cold Storage: Holds most assets in offline storage by Coinbase Custody
  • 1M CAD Insurance: Additional protection against potential breaches
  • Proof of Reserve: Regular audits to ensure user funds are fully backed

Payment Options on VirgoCX

The exchange offers a suitable set of payment methods to its users.

For CAD:

  • Interac e-Transfer
  • Wire Transfer
  • Bill Payment
  • Credit/Debit Card

For USD deposits/withdrawals, traders can only use wire transfers. Also, VirgoCX accepts crypto transactions.

Trust Ratings and Evaluations

When it comes to VirgoCX Trustpilot Score and other websites, there are few ratings:

  • Trustpilot: 3.7/5 stars (only one review)
  • ScamAdviser: 2.5/5 user score (based on 2 reviews), but 100/100 Trustscore
VirgoCX on ScamAdviser
VirgoCX has a 100/100 Trustscore on ScamAdviser

Since the number of scores are too low, we cannot consider these results reliable.

Copy Trading and Passive Investment Features

If you're looking for copy trading or passive income options on VirgoCX, you might be disappointed. The platform currently doesn't offer these features.

Writer's Opinion and Conclusion

VirgoCX, offering 90+ tradable cryptocurrencies and no-commission crypto deposits, does not charge traders for withdrawing fiat currencies. The platform hasn’t received many reviews, but has obtained a 100/100 Trustscore on “ScamAdviser”. 

FAQs

What are the fees on VirgoCX?

The exchange offers zero trading fees, with costs built into the spread. Deposit and withdrawal fees vary by method.

Does VirgoCX offer staking or lending?

No, the company currently does not offer staking or lending services.

How many cryptocurrencies are available on VirgoCX?

There are 90+ digital assets available.

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