Race Option withdrawal problems include completing a turnover of 3 times your deposit plus the bonus before withdrawing. Otherwise, a 20% withdrawal fee applies. There are also limited withdrawal methods.
Traders can only cash out funds via Bitcoin and Tether (USDT) on the Tron blockchain network from the Race Option broker. The minimum withdrawal amount is $50.
Race Option Key Withdrawal Issues
Like some of the platforms, Race Option Binary Broker has issues with withdrawals. Race Option Payout Problems:
Problem | Details |
Limited withdrawal methods | Withdrawals are only available via Bitcoin and Tether TRC20; other methods such as Tether ERC20 are not supported. |
High turnover requirement | To withdraw without fees, you must generate a trading turnover equal to 3x the total of your deposit plus bonus; otherwise, a 20% withdrawal fee applies. |
If you prefer visual guidance, check the YouTube video below.
Understanding the Race Option Limited Withdrawal Methods
- Limited Withdrawal Methods: Race Option only allows withdrawals via Bitcoin and Tether;
- No Support for Tether ERC20: If you want to use Tether ERC20 or other methods, you will need to look for alternative solutions like Race Option Tether TRC20 Withdrawal;
- Check Before Depositing: Always verify available withdrawal methods before making a deposit; check Race Option Deposit and Withdrawal.
Meeting the Race Option Turnover Requirement
To withdraw without paying a fee, you need to generate a turnover of 3 times the deposit plus the bonus; Race Option Turnover Example:
- If you deposit $50 and receive a $10 bonus, your total account balance is $60;
- You must generate a turnover of $180 before withdrawing without a fee;
- If you do not meet this requirement, a 20% withdrawal fee applies.
Making the First Race Option Withdrawal Without Turnover
If you want to withdraw funds without meeting the turnover requirement:
- Contact support via live chat and request withdrawal activation;
- Be prepared to accept the 20% fee if you haven't met the turnover requirement;
- Ensure you confirm the terms before proceeding with the withdrawal.
Handling Subsequent Race Option Withdrawals
For later withdrawals, you must:
- Discuss the fee conditions with the support team;
- Agree to the 20% deduction before your withdrawal request is processed;
- Reconfirm the terms each time you withdraw to avoid delays or misunderstandings.
َDo Other Binary Brokers Have the Same Issues as Race Option?
Yes, traders in many binary option brokers complain about facing the same issues on their respective platforms.
Broker | Raceoption Broker | |||
High Payout Limits | No | Yes | Yes | Yes |
High Payout Fees | Yes | Yes | Yes | Yes |
Funds not Sent | No | No | No | No |
Limited Payout Methods | Yes | Yes | No | No |
Conclusion and Final Words
Race Option Withdrawal Problems include Bitcoin and Race Option Tether TRC20 withdrawal, the only payout methods; other methods, like Tether ERC20, are not supported.
If you withdraw funds without meeting the turnover requirement, you must inform support to activate the withdrawal.
To learn more about the platform, check Race Option Tutorials.
