Difference between VirTex and MtGox prices

[Tungsten]

Virtex bitcoins are much "cheaper" than MtGox.
Is that because of Virtex exorbitant fees (3% vs MtGox 0.6%) ?

[beeteecee]

I believe it also has to do with amounts dealt on both exchanges. Virtex is much smaller, that's why they have higher commissions. I'm pretty sure they can lower their rates when there are more traders.

[byronbb]

Heard a theory most of the users are miners looking to cash out, putting negative pressure on the price.