- What is actually happening between sign-up and first deposit when the people you referred register and then go quiet
- The four walls in that gap (ID checks, payment methods, doubts about an offshore service, cooling interest) and the public data behind each one
- What a referrer can do about it: say the hard parts up front, give new sign-ups a page to read next, and watch the right number
Quick answers
- Q: If my referrals stall after signing up, is that my fault?
- A: Mostly it happens somewhere your enthusiasm can't reach: the ID check, a payment method that doesn't fit, doubts about an offshore service, interest that fades as time passes. What you can do is show all of that honestly before they sign up.
- Q: Which number should I use to judge my referrals?
- A: Not sign-ups alone. Put the share of sign-ups who move on to the next stage (your deposit rate) right next to it. If sign-ups rise while that rate falls, there's a gap between what your article promises and what the real steps look like.
This article is written for people who refer others to Kingfin, and is shared for informational and educational purposes. It is not a recommendation for any reader to deposit funds or open an account. The service being referred is an offshore FX and investment-related platform, and investing carries the risk of loss. This piece reflects a general understanding as of October 2026 and does not guarantee any registration count or income.
The sign-up column moved. Everything after it stayed quiet.
Last time, we wrote about the wall where clicks go up but sign-ups don't. The door was open; the path behind it was crooked.
Straighten that path and the sign-up column starts to creep up. Plenty of people relax at this point. Then, a few weeks later, they look at the dashboard again and notice a different kind of silence. People did sign up. Most of them just never went any further.
RevShare commission only moves once the person you referred actually starts using the service. A sign-up is one step past the door, not the finish line. Between sign-up and first deposit there's a valley that's hard to see from where the referrer stands.
Four walls between sign-up and first deposit
Look at that valley through the eyes of the person you referred, and it breaks down into roughly four walls. None of them is about that person not trying hard enough.
1. The ID check (KYC)
With financial services, there's almost no way around identity verification: submitting an ID document and waiting for it to be checked. Research outside Japan keeps showing that this is exactly where people drop out.
In a 2022 survey by Signicat, a company that provides identity verification, 68% of 7,600 people across 14 European countries said they had abandoned a financial services application in the past year (up from 63% in 2020). The top reasons were that the application took too long and that it asked for too much personal information, at 21% each. And 38% said they gave up because they didn't have the required ID or digital ID on hand (Signicat, 2022).
These are European numbers, so they won't map neatly onto your own readers. Still, the message is clear: finding the documents, photographing them, waiting for review. That hassle alone is enough to stop people midway. Registering may take a few minutes, but the moment someone learns paperwork comes next, some of them put the phone down.
2. The payment method doesn't fit
They can't pay the way they're used to. The card gets declined. Nobody told them about fees or how long a deposit takes to show up. Small snags like these are enough to stop someone.
It's a different field, but Baymard Institute's research on online checkout lists "not enough payment methods" (9%) and "credit card was declined" (10%) among the reasons shoppers abandon a purchase (Baymard Institute). Add one extra step right before money changes hands and people leave. Funding an investment account is a moment when people are even more careful than when they shop.
3. Doubts about an offshore service
Olymp Trade is an offshore platform that is not registered with Japan's Financial Services Agency (FSA), so Japan's investor protection schemes don't apply. Some people only realize this after they've signed up. They start reading, get uneasy, and walk away.
In the same Baymard data, 19% say they didn't trust the site enough to hand over their card details. Whether you can trust the party holding your money matters in every setting. That doubt is a sign your reader is being careful. It's not an obstacle to remove. Your job isn't to make the doubt go away. It's to put the reasons for it on the table first.
4. The excitement right after sign-up fades
The moment someone reads your article and thinks "let me take a look" is the peak of their interest. Then they go hunting for ID documents, look up deposit options, and somewhere in there everyday life takes over. By the next day, some have forgotten they signed up at all.
In the Signicat survey, 21% gave "I changed my mind" as their reason for abandoning an application. The more time passes, the less likely people are to take the next step. That's simply human. Nobody's to blame for it.
What you can do as the referrer
All four walls sit outside what a referrer controls. But if you know they're there, you can change how you write.
Write only "sign-up takes a few minutes" and everything after it ambushes the reader. Say, before they register, what documents the ID check may ask for, what deposit options exist and what limits they have, and that this is an offshore service not registered with Japan's FSA. The exact documents and steps change over time, so check the official guidance yourself before you write them down. People who sign up knowing the effort involved rarely get caught off guard halfway. And the ones who read it and decide not to sign up? They made the right call.
A page that lays out "here's what happens from here" lets people see the whole picture before their interest cools. Cover what the ID check may require, where people tend to get stuck, the fact that investing carries the risk of loss, and that there's no need to decide in a hurry. Build it as a map for thinking things through calmly, not as a push.
Chase sign-ups alone and the number climbs the more you lean on "easy to join" language. The catch is more people signing up without knowing the effort or the risks, and then stopping. Track the share of sign-ups who move on to the next stage, month by month. If sign-ups went up but that share went down, there's a gap between what your article led people to expect and what the real steps look like.
Don't send new sign-ups messages like "get in while you can" or "start now before it's too late." Rushing someone's decision on a service where losses are possible doesn't help them, and it chips away at your credibility as a referrer. Your job isn't to push people. It's to lay out what they need to decide, honestly.
Rewrite the road past sign-up in your own articles
Put the words in your article next to the actual steps, and find where your referrals are stopping. There's no cost involved. Results and income amounts are not guaranteed.
Sign up freeA checklist for looking past the sign-up
Open one of your own referral articles and check these five things.
Frequently asked questions
Disclosure: OlympTrade is an offshore platform that is not registered with Japan's Financial Services Agency (FSA), so Japan's investor protection schemes do not apply. This article is informational and educational content from Kingfin's English editorial team and does not guarantee any specific result or income. It is not a recommendation for any reader to deposit funds or open an account. It reflects a general understanding as of October 2026 and does not guarantee that effects or outcomes will repeat. The survey data cited above comes from public sources in other contexts, such as Europe and e-commerce, and does not represent Kingfin's referral results. Results from side-hustle or affiliate activity vary from person to person and take time to materialize. We cannot promise that anyone "will definitely earn" or that success is easy for everyone. Kingfin's affiliate program promotes FX and investment-related services, and trading carries the risk of loss. Results vary from person to person, and no income amount is guaranteed.
