Tool · April 2026
Is this bonus a trap?
Paste any forex or crypto welcome bonus URL. We resolve the legal entity issuing it, the withdrawable component, and the realistic expected value for a typical retail trader.
The Trap Detector
No. 05
Paste any forex or crypto bonus URL. We resolve the legal entity issuing it, the withdrawable component and the realistic expected value.
What we check
Five red flags.
- →Offshore vs tier-1 entity. Most bonuses are issued by an offshore arm (Belize FSC, Seychelles, BVI). Lower regulatory protection.
- →Withdrawable component. ‘Up to $30,000’ usually decomposes into trial bonuses, vouchers and credit-only — not cash.
- →Wagering multiple. Bonus × 5–20 in trading volume to unlock. We compute the realistic probability of meeting it.
- →Geo-routing. Tier-1 regulators (FCA, ESMA, ASIC) prohibit retail bonuses. EU/UK visitors are routed to the offshore arm without disclosure.
- →Expiry pattern. Vouchers commonly expire 7 to 30 days, faster than the time needed to unlock them.
Why it’s editorial
We don’t accept bonus advertising.
The trap detector is editorial — we may earn affiliate revenue when you take an exchange referral or forex IB rebate, but we don’t accept paid placement on bonus pages. The trap score is what we’d tell a friend.