VirgoCX is a Toronto-based Canadian cryptocurrency exchange founded in 2018 and registered as a Money Services Business (MSB) with FINTRAC. New Canadian traders can claim a cash bonus using a VirgoCX referral promo code.
VirgoCX is known for its commission-free retail trading model, strong Interac e-Transfer banking integration, and institutional OTC trading desk for high-volume transactions ($30,000+ CAD).
Key Specifications
- Regulation: Registered MSB with FINTRAC (M19974205) and registered as a Restricted Dealer with the Canadian Securities Administrators (CSA).
- Custody: Institutional cold storage partnership with Coinbase Custody with comprehensive insurance policies.
- Deposit Methods: Free Interac e-Transfer, wire transfers, and bank drafts in both CAD and USD.
- Trading Fee Model: 0% trading commission with built-in retail spreads typically ranging from 0.50% to 1.50%.
- Altcoin Selection: 60+ cryptocurrencies including BTC, ETH, SOL, XRP, and stablecoins (USDT, USDC).
Pros & Cons
Pros
- Dual currency support (fund and trade with both CAD and USD).
- Dedicated OTC desk with tight pricing for orders above $30K CAD.
- Fast, automated Interac e-Transfer deposits.
- Licensed and compliant under Canadian securities regulation.
Cons
- Retail spreads on lower-liquidity altcoins can widen during market volatility.
- Mobile application has fewer charting indicators compared to Kraken Pro.
To see how VirgoCX stacks up against other top Canadian platforms, see our Best Crypto Exchanges in Canada Guide and our Sign-Up Bonus Directory.