The website KonohaFX (the “Site”) is owned and operated by KonohaFX Ltd, (“we”, “us” or “our”) may offer bonuses and special offers from time to time which are subject to this Bonus Policy, the Terms and Conditioned as published on the Site, and any promotion-specific terms and conditions made available to you on the Site or otherwise (“Promotion Terms”). In the event of a conflict between the terms set in the Bonus Policy, the Terms and Conditions and/or the Promotion Terms (to the extent that the terms apply to a bonus or special offer), the following order of priority shall apply: (i) Promotion Terms; (ii) Bonus Policy; (iii) Terms of Service.
General Terms
1. For members located in certain jurisdictions, territories and states, certain bonuses and special offers may not be available and there may be different wagering requirements for the withdrawal of bonuses and any accumulated winnings. For details of where this applies, please contact us at
Email: [email protected]
2. Unless stated otherwise in the applicable Promotion Terms, eligibility for bonus promotions and/or special offers, is limited to one player per household even if there is more than one computer retained at the address. The identity of a user will be determined based on all or any combination of the following: name, mailing address, e-mail address, IP address, credit/charge card number, computer, and any other form of identification that may be required.
3. We may withdraw, revoke or amend any promotion at any time for any reason, without a prior notification.
4. Please refer to our Withdrawal, Refund & Cancellation Policy for more information on how to withdraw funds.
5. We reserve the right to refuse or void a bonus and/or profits in the event of funds being cancelled or denied by any payment service or payment provider.
Bonus Funds
- All bonuses are subject to trading requirements, which require your total trades to be of a particular value, in order to be able to withdraw bonus funds and any profit associated with them.
2. Unless stated otherwise in the applicable Promotion Terms, all bonuses are available for withdrawal, provided that the granted Bonus has obtained a trading volume of 50,000 times of its value.
For example: Bonus * 50,000 turnover = eligible for withdrawal.
3. Each bonus requires you to reach a trading volume of 50,000 in order for it to be withdrawable. For example: (Bonus 1 + Bonus 2) * 50,000 turnover = eligible for withdrawal.
- A request, to fully or partially withdraw money from your deposit, will lead to the following:
1. Given that the request is to withdraw under 20% of your deposit, your account balance will be calculated only by subtracting your withdrawal.
2. Given that the request is to withdraw 20% or over of your deposit, the subsequent bonus shall be revoked and any consequential profit.
In the case that you have no deposit funds in your trading account, you solely hold bonus funds in your trading account, and you fail to execute a trade with the bonus funds for a period of 90 days, the bonus funds in your account shall be forfeited to us without prior notice and without the option to request a refund.
Bonus Abuse
- Once it appears that there is a participation of conspired strategies, adverse exploitation of errors or adverse exploitation of failures in our software/system, or any action, which in our sole and complete discretion, is perceived as abusive (“Bonus Abuse”), we reserve the right to withhold payment and/or revoke the entitlement of such user to receive or benefit from the special offer and/or bonus.
Bonus Abuse includes but is not limited to:
(i) the user controls or maintains more than one active account at the Site;
(ii) the user’s name in the account does not match the name on the credit card(s) with which we have been provided upon creation of the account;
(iii) different users share the same payment method (For example: two users that have the same wire transfer account);
(iv) If a user has disputed charges (“charged back”) for any of the money that has been deposited into their account;
(v) If a user acts alone or as a part of a group and establishes multiple accounts in order to claim the free bonus offers; and/or
(vi) users act in a group have attempted to abuse a bonus offer;
(vii) trading activity patterns that suggest fraud, manipulation, cash arbitrage or attempts to garner risk free profits by making use of any bonus; and/or
(viii) fraud.
- Furthermore, if a user’s conducts are deemed by us as Bonus Abuse, we reserve ourselves the right to take, at our sole discretion, one or more of the following actions:
(i) Withhold and void all the profits in any account which belongs to the user;
(ii) terminate the user’s account;
(iii) retain all the funds in the users’ account; and/or
Exclude users that have committed a Bonus Abuse from receiving any further bonus and/or promotional offers.
Additional Provisions
- To the extent permitted by applicable the law we will not be responsible for lost profits, revenues, or data, financial losses or indirect, special, consequential, exemplary, or punitive damages with regards to our bonuses, special offers and/or this Bonus Policy. In no event shall our total liability to you for all damages exceed the amount of fifty dollars ($50.00). The foregoing limitations will apply even if the above stated remedy fails of its essential purpose.
2. The Bonus Policy shall be governed by, and interpreted in accordance with, the laws of the Republic of Estonia and you irrevocably submit, to the exclusive jurisdiction of the courts of the Republic of Estonia in relation to any dispute with regards to the Bonus Policy. For the avoidance of doubt the aforesaid shall not prevent us nor derogate from our right, to enforce any judgment of such court or to seek interim injunctions in any relevant venue or jurisdiction.
