Big Option Insured by Various Banks?

Investment ForumCategory: Broker QuestionsBig Option Insured by Various Banks?
Martin Pisani asked 5 years ago
Hi,

A BigOption trader told me that if i put 10,000 Euros in a Big Option account, any losses would be “insured” by various banks.

Has anyone one else been told the same and is this true !

Martin

1 Answers
Moderator Staff answered 5 years ago
Hi Martin,
You need to read about managed accounts here: https://brokerwithdrawal.com/managed-accounts-forex-trading/
Also, there is no bank that insures binary option trades or binary option brokers for that matter.
If you want an account where losses do not matter, then you need to be using a DEMO account.