In many cases, traders without any online trading experience fall into the New Account Bonus Offers that restrict the trading account. This restriction is referred to as a “Loyalty Offer” which sounds better, yet in reality a bonus restricts your account to a trading volume requirement that is usually much higher than the deposit amount, locking your funds with the broker until you satisfy the condition.
Does it mean you got scammed? If the representative explained the bonus restrictions and you still decided to take the bonus, it’s not a scam. If the broker sets you up with a bonus without asking you, it’s a scam. Over all I don’t recommend signing up with any special incentives and bonuses.
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