Binary Options Brokers are a potential threat for investors. Especially, when they attempt to prey on all your money. Most of them are bogus, dishonest agents who are there to scam you at one shot and make sure that you spend all your money. The story of Fred Turbide was a harmful one. He lost all his funds by investing them in 23 Traders. A fraudulent binary options firm worked from Israel. The investigation gained that the firm was located around Tel Aviv, Israel. Fred has been using their assistance for over nine years until one fine day. He understood that he had lost all the funds. Now the time is when Fred realized that he is losing the funds, he called Julian, a financial advisor who was appointed with 23 Traders by him but got no answer at all. He was confused. He called them frequently and warned them to take some harsh steps if there were no answers from the opposite side. Even after such issues, he didn’t get any reply from them. Such was the position of things that his credit card was priced even in death. After his card was blocked, the bank ended the charging. Many victims like Fred waste their money on various scams like Neo Option, Binary Options, Ten Option, and many others. Fred was a Canadian resident, and he lost all the money. The Canadian officials have clearly said that you should invest your funds with companies and binary options brokers in Canada and under the domestic officials’ financial jurisdiction. Otherwise, you can end up losing all your money, and then they would not be liable for anything. Till then, stay safe and invest your money wisely.