After Verification: VirgoCX Company Was Registered In 2016 And Is Headquartered In China. It Is A Cryptocurrency Exchange. The Company Currently Has No Effective Supervision, And Their Official Website Is Currently Inaccessible. Traders Are Requested To Pay Attention To The Risks In Case Their Funds Are Damaged.
Note: VirgoCX As A, Unregulated Broker, Which Means That Clients' Investments May Not Be Adequately Protected. Due To The Lack Of Regulators To Hold The Company Accountable, The Lack Of Supervision Increases The Risk Of Potential Financial Losses.
If You Invest In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And When Choosing A Broker, Remind Everyone To Stay Away From These Unregulated As Much As Possible.
According To The Detailed Query On The Internet:
Founded In 2016 And Headquartered In China, VirgoCX Provides A Dynamic Trading Platform For A Wide Range Of Financial Instruments. Despite Operating In An Unregulated Environment, VirgoCX Offers Competitive Trading Conditions Such As Zero Spreads On Certain Accounts And Leverage Options Of Up To 100x That Can Amplify Trading Potential.
The Platform Supports Its Proprietary VirgoCX Interface And MetaTrader 5 (MT5), Catering To Different Trading Styles, With Advanced Charting And Automated Trading Capabilities. VirgoCX Prioritizes Customer Support, Provides 24/7 Online Services, And Provides Educational Resources To Empower Traders.
Regulatory Status
VirgoCX Does Not Currently Have Effective Regulation From Any Accredited Financial Institution Group. Investors Are Generally Advised To Give Preference To Platforms That Operate Within A Sound Regulatory Framework, Which Can Enhance Confidence In The Safety And Reliability Of Investments.
On The Other Hand, Unregulated Entities May Not Be Able To Provide The Same Level Of Investor Protection, Leaving Users Vulnerable To Latent Risks And Uncertainties.
Pros And Cons
VirgoCX Offers Two Top Trading Platforms That Offer Users The Opportunity To Choose Between Its VirgoCX Interface And MetaTrader 5 (MT5), Enhancing Flexibility And Satisfying A Diverse Trading Strategy. The Platform Has Ultra-low Trading Costs. It Supports A Wide Range Of Trading Instruments, Including Forex, Cryptocurrencies And Other Assets, And Offers 24-hour T + 0 Two-way Trading.
However, An Important Issue Is The Uncertain Regulatory Environments In Which VirgoCX Operates. The Various Types Of Account Info Are Not Made Public, Which May Affect The Choice Preferences Of Wold-be Users.
Market Tools
VirgoCX Offers A Diverse Range Of Trading Tools To Meet Various Market Needs.
Clients Can Participate In Foreign Exchange Trading And Take Advantage Of The Fluctuations Of Currency Pairs To Make Profits. The Platform Also Supports Precious Metals Trading, Allowing Investors To Speculate On The Prices Of Commodities Such As Gold And Silver. Cryptocurrency Trading Is Another Important Service Where Users Can Buy And Sell Digital Currencies Such As Bitcoin And Ethereum.
In Addition, VirgoCX Also Offers Trading In Energy Commodities, Providing Traders With A Platform To Find Opportunities In Oil And Other Energy Products. This Wide Selection Of Trading Tools Provides Users With A Choice Of Multiple Asset Classes, Enhancing Their Trading Flexibility And Potential For Portfolio Diversification.
Account Types
VirgoCX Offers Three Main Types Of Accounts: Standard, Professional And Special. Different Types Of Accounts Enjoy Different Spread Offers And Courtesies.
Standard Accounts Are Suitable For Beginners Or Traders Who Prefer A Simplified Way Of Trading.
Professional Accounts Are Aimed At Experienced Traders And Offer More Advanced Features And Potentially Lower Trading Costs.
Special Accounts May Be Reserved For High Net Worth Individuals Or Institutional Clients.
However, It Was Found In Practice That VirgoCX Does Not Disclose Specific Account Info, Which Needs To Be Registered Before Viewing. Opening An Account Is Free, But Activating An Account Requires Payment Of $500.
Opening An Account
Opening An Account With VirgoCX Requires The Following Steps:
Visit The Official Website Of VirgoCX: First Use The Web Browser On Your Computer Or Mobile Device To Visit The Official Website Of VirgoCX. Click "Open A Real Account" In The Center Of The Homepage Of The Company's Official Website, Or Download FTS To Open An Account.
Fill In Personal Information: Fill In The Registration Form And Provide Personal Details. Usually Required To Provide:
Your Full Name
Mobile Number
ID Number
Fill In Personal Information
Verification Email: After Submitting The Registration Form, Check Your Email Inbox To See The Verification Email From VirgoCX. Click On The Verification Link Provided In The Email To Activate Your Account.
Set Up Security Measures: After Authentication, Consider Setting Up Other Security Measures Such As Two-factor Authentication (2FA) To Protect Your Account.
Start Trading: After The Account Is Fully Set Up And Verified, You Can Top Up Your Account Using Supported Fiat Currencies Or Cryptocurrencies. After Recharging, You Can Start Trading On The VirgoCX Platform.
By Following These Steps, You Will Have A Secure And Verified VirgoCX Account To Participate In Cryptocurrency Trading And Other Services Offered By The Platform.
Leverage
VirgoCX Offers Trading Leverage Of Up To 1:100, Giving Traders The Opportunity To Enlarge Their Trading Positions Beyond Their Initial Investment. Leverage Enables Users To Control Larger Market Positions With Less Capital, Potentially Increasing Profits And Losses.
Spreads And Commissions
With Competitive Spreads And Acceptable Commissions, VirgoCX Offers Streamlined Trading Costs That Cater To The Needs Of A Wide Range Of Traders.
Trading Platform
VirgoCX Trading Platform Is A Powerful And Versatile Software That Is Currently One Of The Most Popular Forex And CFD Trading Platforms In The World, Used By Over 300 Brokers And Banks. It Comes With A Range Of Functional Advantages: Advanced Chart Analysis, One-click Trading, Trailing Stop-loss Functionality, Graphing Tools And Technical Analysis Indicators, As Well As An International Universal Trading Platform.
In Addition, VirgoCX Provides A Sophisticated Trading Environment Around The MetaTrader 5 (MT5) Platform, Which Is Known For Its Comprehensive Features Tailored For Both Novice And Experienced Traders In The Cryptocurrency Market.
Customer Support
VirgoCX Provides A Number Of Customer Support Channels To Help Users With Issues Related To Its Trading Platform, Mainly Including Email And A 24-hour Online Client Server.
If You Would Like To Be Contacted By Email, Please Send It To: Virgocxvip@gmail.com
VirgoCX Also Offers A 24-hour Online Client Server Through Its Platform Or Website, Where You Can Interact With Support Agents In Real Time.
