Iâm trying to get a better understanding of my coverage and Iâve done my best to read all the documentation myself but I still have some questions. I read that futures and options accounts arenât covered, however Iâm unclear as to what makes an account a futures/options account. If I have traded options/futures in the account and am authorized to do so, but am currently holding only equity positions (no futures, no options) is my account covered? To be covered to I have to have an account that has NEVER traded futures/options and an account that has no authorization to do so? Is the coverage based on what I am currently holding (only equity) or is it based on what I have ever traded in the account?