"RevShare or CPA — which actually pays more?" is one of the first questions new FX affiliates ask. Reading conceptual explanations only gets you so far, but plugging in real numbers makes the choice immediately clear.
This article uses Kingfin's actual commission conditions to simulate monthly earnings across different scenarios — number of referrals, trading volume, and time horizon. By the end, you'll have a clear framework for deciding which model fits your strategy.
All simulations in this article are illustrative estimates only. Actual earnings vary significantly based on individual trader activity, trading volume, market conditions, and exchange rates. Nothing here constitutes a guarantee of affiliate income.
- How to calculate realistic monthly earnings under both RevShare and CPA
- Simulated income across different referral counts, deposit amounts, and trading frequencies
- How the two models compare at 6 months, 1 year, and 2 years — and which suits your goals
RevShare and CPA: A Quick Recap
Before the numbers, a brief refresher on how each model works.
Recurring Earnings
- You earn every time a referred trader places a trade
- Kingfin offers up to 80% RevShare rate
- Income compounds as your active trader base grows
- More active traders = more stable, predictable income
Per-Acquisition Payout
- One-time payment when a referred trader completes a qualifying action
- Kingfin pays up to $250 per qualifying referral
- Requires consistent new referrals each month
- Faster to see initial earnings — good for motivation
RevShare Monthly Income Simulation
The Formula
RevShare earnings are calculated as:
Monthly Income = Active Traders × Monthly Revenue per Trader × RevShare Rate
Typical monthly revenue per active trader: $50–$200 (depends on trading frequency and volume)
Scenario Simulations (at 50% RevShare Rate)
| Active Traders | $50/trader/mo (Low activity) |
$100/trader/mo (Medium activity) |
$200/trader/mo (High activity) |
|---|---|---|---|
| 10 traders | $250 | $500 | $1,000 |
| 30 traders | $750 | $1,500 | $3,000 |
| 50 traders | $1,250 | $2,500 | $5,000 |
| 100 traders | $2,500 | $5,000 | $10,000 |
Assumptions: 50% RevShare rate; 70% active trader rate (i.e., 70 of every 100 referred traders continue trading consistently).
Once you have 30+ active traders, monthly income above $700 becomes realistic. What matters more than total referrals is how many of those traders stay consistently active.
CPA Monthly Income Simulation
The Formula
Monthly Income = New Referrals This Month × CPA Rate
Kingfin's CPA rate ranges from $100 to $250 per qualifying referral depending on conditions met
Scenario Simulations
| New Referrals/Month | $100 CPA | $150 CPA | $200 CPA | $250 CPA |
|---|---|---|---|---|
| 3/month | $300 | $450 | $600 | $750 |
| 7/month | $700 | $1,050 | $1,400 | $1,750 |
| 15/month | $1,500 | $2,250 | $3,000 | $3,750 |
| 30/month | $3,000 | $4,500 | $6,000 | $7,500 |
Assumes consistent new referrals each month. Revenue from prior months' referrals is not included in CPA totals.
CPA requires a steady flow of new qualified users every single month. As ad spend and content production costs rise, your net earnings shrink — so constantly watch your cost-per-acquisition versus your CPA rate.
Long-Term Comparison: How Earnings Change at 6 Months, 1 Year, and 2 Years
RevShare's real power reveals itself over time. The table below shows projected monthly income for an affiliate referring 10 new traders per month (70% active rate, $100/trader/month revenue, 50% RevShare rate) versus CPA at 10 referrals per month at $150 per referral.
| Time Period | RevShare Monthly Income | CPA Monthly Income (10 referrals/mo at $150) |
|---|---|---|
| Month 1 | $350 | $1,500 |
| Month 3 | $1,050 | $1,500 |
| Month 6 | $2,100 | $1,500 |
| Month 12 | $4,200 | $1,500 |
| Month 24 | $8,400 | $1,500 |
CPA income stays flat as long as you maintain a steady referral pace. RevShare, however, compounds as your cumulative active trader base grows — surpassing CPA around month 6 and reaching nearly 3× CPA earnings by month 12. By month 24, the gap is almost 6×.
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Decision Flow
What It Takes to Reach $700/Month with Kingfin
Using the simulations above, here are the specific conditions required to reach $700/month (approximately ¥100,000/month at 1 USD = ¥143) under each model.
| Model | Requirements | Difficulty |
|---|---|---|
| RevShare | ~14 active traders (each generating $100/mo at 50% rate) |
★★★ (takes time to build) |
| CPA | ~5–7 new referrals/month (at $150 CPA rate) |
★★ (requires monthly consistency) |
| Hybrid | ~7 RevShare traders + 3–4 CPA/month | ★★ (balanced and most stable) |
Regardless of the model you choose, high-quality content and consistent publishing are the foundation. Start small, watch your numbers, and adjust your model as you learn what works.
Frequently Asked Questions
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This article is for informational purposes only and does not guarantee any affiliate income or investment returns. All simulation figures are illustrative estimates. Actual earnings depend on market conditions, individual activity levels, trader behavior, and exchange rates. Please understand all risks associated with affiliate marketing activities and make decisions at your own discretion.