In most of the cases, as you are not familiar with online trading, you will have certainly fallen into the New Account Bonus Offers that restricts the trading account…
This restriction refers usually to a “Loyalty Offer” which sounds better, but in reality this bonus is conditional to your trading volume, usually much higher than the deposit amount
Your funds are blocked with the broker until you satisfy the conditions.
You can’t usually take it back unless you have deposited few times the size of this so called «bonus»
Does it mean I got scammed?
If the trader explained the bonus restrictions at the beginning and eventually you have decided to take it, it’s not a scam.
If the broker sets you up with a bonus without asking you, it’s a scam.
I don’t recommend signing up with any special incentives and bonuses.
If you were misled please contact me today, it is easier to get your money back when you have a live account.