Funding

You can fund your Blackwave Markets account in the following ways: Credit/debit card – via your trading account, either on the web-based platform or in the app Bank transfer – via your online bank PayPal – via your trading account, either on the web-based platform or in the app These options are also listed on our web-based platform and in our app – look for the ‘Funding’ tab. We do not accept cash or cheque payments. We are also unable to accept American Express or Diners Club. Please ensure that you fund your account using a credit/debit card, bank account or PayPal account in your name. Payments from third-party sources will be rejected. Blackwave Markets does not charge clients in the UK for depositing funds into their trading accounts. When we do impose charges – for example, to cover overnight holding costs – these charges will show up in your account history. If you notice a difference between the deposit amount in your trading account and the amount that you transferred, please contact your bank or card provider in the first instance.
In the platform or app, go to the ‘Funding’ tab, select ‘Add funds’, then select ‘Card’. From here you will be prompted to enter the amount that you wish to deposit, and your card details. Check all the details are correct before confirming your deposit.
This is the unique three-digit number printed on your credit or debit card. With most cards, it’s the last three digits of the number printed on the signature strip on the reverse of your card. It’s also known as a ‘Card Verification Value’ (CVV), ‘Card Security Code’ (CSC) or ‘Card Verification Code’ (CVC).
Expiry (or expiration) dates usually appear on the front of a credit or debit card in a four-digit month/year format. For example, an expiry date of December 2026 would read as 12/26. Be careful not to confuse your card’s expiry date with its issue or ‘Valid From’ date.
3D Secure is a fraud prevention measure that acts as an additional layer of security when making card payments online. You’ll automatically be directed to your issuing bank’s verification page when you deposit funds using your card.
You can deposit up to £50,000 in a single transaction when using a credit or debit card to fund your account
We do not charge you a fee for funding your account with a personal or corporate credit card. However, your card issuer may treat a payment to us as a cash advance, which might result in your card issuer imposing charges. Should the amount in your trading account differ from what was sent, please contact your bank or card provider in the first instance.
In the platform or app, go to the ‘Funding’ tab, select ‘Add funds’, then select ‘Bank transfer’. From here you should be able to see the relevant beneficiary account name, sort code and account number.
Important: in the ‘Payment Reference’ field, please enter your Blackwave Markets account number followed by your first-name initial and surname (for example, ‘12345678PJones’). This will ensure that your funds are transferred in a timely manner.
To deposit funds from your PayPal account, the personal details – email address, surname, billing address and country of residence – associated with your PayPal account must be the same as those registered to your Blackwave Markets trading account. You should then be able to fund your trading account using the usual PayPal method of entering your email address and password. PayPal isn’t available for joint or corporate accounts, or accounts that allow you to trade Countdowns (available to Blackwave Pro account holders). If you’re a Blackwave Pro client wanting to fund your account from PayPal and you don’t plan to trade Countdowns, please call us on +44 (0)20 3003 8588 to update your account.
We usually suggest adding £100 the first time you fund your account, as this should give you sufficient funds to place and maintain a trade. As an example, if the minimum trade size for a spread bet on Gold is £0.50/pt, you would need to allocate an estimated margin of approximately £32.50 (5% margin rate for retail clients) to open the trade if the price of Gold were $1,300. The holding cost to keep this trade open overnight would be approximately £0.05, charged at 10pm (UK time) every night. Bear in mind that holding rates can change. For a CFD trade, if the minimum trade size for Gold is 0.4 units, that would require an estimated margin of approximately £21.25 (5% margin rate for retail clients) to open the trade if the price of Gold were $1,300. The holding cost to keep this trade open overnight would be approximately £0.03, charged at 10pm (UK time) every night. In this instance, the additional funds in your account would act as a buffer if the price of Gold were to move against you, as unrealised profits and losses are reflected in your account balance. Ensuring you have enough funds in your account to cover unrealised losses will mean your account balance won’t reach its close-out level in the event of adverse price movements. In principle, you can deposit up to £50,000 per transaction when using a credit or debit card to fund your account, though your bank or card issuer may set limits below this amount. To find out if limits apply to deposits made via bank transfer or PayPal, please consult your bank or PayPal.
You can sign in to your account as soon as your application has been processed and you have verified your account (a verification link will be sent to your registered email address). However, you won’t be able to place a trade unless there are sufficient funds in your account to open a position. If you prefer to test trading strategies in a risk-free environment, our free demo account allows you to practise trading with virtual funds.
Payments from third-party sources will be rejected. Please only add funds to your account using a credit/debit card, bank account or PayPal account that is registered in your name.
Our Client Management team can be contacted by phone on +44 (0)20 3003 8588 from 9am to 6pm (UK time), Monday to Friday. Emails to clientmanagement@Blackwavemarkets.co.uk will also be picked up during these hours. Bank transfers received after 6pm will be processed on the next business day. Card and PayPal payments should be processed as normal outside these hours.
If the billing address for your card doesn’t match the address we hold on record for you, we may not be able to process your payments. It’s important that you keep your card issuer and us informed of any address changes. If your address has changed recently, please contact us using the ‘Live Help’ feature on the platform (within the ‘Support’ menu).
If you lose or damage your bank card, or if it’s stolen, you should notify your bank immediately. Then please call us on +44 (0)20 3003 8588, and we will remove the relevant card(s) from your account. Alternatively, you can remove your card(s) from your trading account yourself, if you wish.
We're here for you if you have any questions that aren’t covered on this page, or if you just need our assistance. Please call us on +44 (0)20 3003 8588, email us at clientmanagement@Blackwavemarkets.co.uk or contact us using the ‘Live Help’ feature on the platform, which pops up when you select the user icon in the top left-hand corner of the screen. We look forward to providing you with the information you need.

Withdrawals

In the platform or app, go to the ‘Funding’ tab, then select ‘Withdrawal’. From here you should be able to choose your preferred withdrawal destination from the three options: ‘Card’, ‘Bank transfer’ or ‘PayPal’. If you have registered a withdrawal destination with us, withdrawals that are made before the cut-off time of 2pm (for UK-based withdrawals) or 11am (for non-UK based withdrawals) will be processed the same day.
Card withdrawals: Varies by card issuer. Some card issuers process withdrawals within an hour; with other card issuers, withdrawals can take up to five working days. Standard bank withdrawals: Domestic banks: 1-2 working days; international banks: 3-5 working days (subject to UK banking hours) PayPal withdrawals: 1-2 working days Please call us on +44 (0)20 3003 8588 if you haven’t received your funds within the above timeframes. Note that these timeframes are subject to withdrawals passing our normal checks.
You need to set up bank details if you intend to transfer funds to your bank account. Once your bank details have been registered and verified, your bank account will be visible as a withdrawal destination when you go to the ‘Funding’ tab and select ‘Withdrawal’. As we are not permitted to process payments to or from third parties, you may be required to provide additional documentation to prove ownership of the bank account.
You can withdraw a maximum of $40,000 (or your account currency equivalent) to your card in any 24-hour period. Our system tracks a maximum withdrawal limit in US dollars, so the equivalent amount in a different currency, such as pound sterling, is likely to vary from day to day.
There’s no limit to the amount you can withdraw to your registered bank account.
You’re able to withdraw up to £10,000 to your linked PayPal account each day.
There are no charges for credit/debit card, standard bank transfer or PayPal withdrawals. However, there is a charge of £15 for international bank transfers.
You can upload your bank details directly from the platform. Simply select the ‘Funding’ tab, or go to the ‘Account’ tab and select ‘Withdrawal’, then choose ‘Bank transfer’. If you have not already registered your bank details, you will be presented with a screen titled ‘Add your bank account’. Enter your details and submit the information. Your details should then be processed within 24 hours. If we need any further information, our Client Management team will contact you. Alternatively, you can register your bank account by calling us on +44 (0)20 3003 8588, or emailing your sort code and account number to clientmanagement@Blackwavemarkets.co.uk, using the email address you registered with us.
The ‘Available Amount’ is the total amount you have in your account that you can withdraw.
The ‘Withdrawal Limit’ is the net available amount that can be withdrawn to your chosen destination. Withdrawals to a registered bank account are unlimited, but withdrawals to some credit and debit cards and via PayPal may be subject to limits. Please note that withdrawals from CFD trading accounts to cards are capped at the amount that you have paid into your CFD trading account using that card in the last 12 months. For example, if you used Card A to deposit £1,000 into your CFD trading account, and your account value later reached £1,500, you would only be able to withdraw a maximum of £1,000 to Card A. If you wished to withdraw the remaining £500, you would need to transfer that amount to a bank or PayPal account. If we apply the same scenario to a spread betting account, you would be able to withdraw the full amount of £1,500 to Card A.
We cannot transfer funds to your credit/debit card if you haven’t funded your Blackwave Markets account with a registered credit/debit card in the last 12 months, or if your card has expired. In these cases, your ‘Withdrawal Limit’ may display as £0. However, you may still be able to withdraw funds to your registered bank account or PayPal account.
Our Client Management team can be contacted by phone on +44 (0)20 3003 8588 from 9am to 6pm (UK time), Monday to Friday. Emails to clientmanagement@Blackwavemarkets.co.uk will also be picked up during these hours. Bank transfers received after 6pm will be processed on the next business day. Card and PayPal payments should be processed as normal outside these hours.
If the billing address for your card doesn’t match the address we hold on record for you, we may not be able to process your payments. It’s important that you keep your card issuer and us informed of any address changes. If your address has changed recently, please contact us using the ‘Live Help’ feature on the platform (within the ‘Support’ menu).
If you lose or damage your bank card, or if it’s stolen, you should notify your bank immediately. Then please call us on +44 (0)20 3003 8588, and we will remove the relevant card(s) from your account. Alternatively, you can remove your card(s) from your trading account yourself, if you wish.
We're here for you if you have any questions that aren’t covered on this page, or if you just need our assistance. Please call us on +44 (0)20 3003 8588, email us at clientmanagement@Blackwavemarkets.co.uk or contact us using the ‘Live Help’ feature on the platform, which pops up when you select the user icon in the top left-hand corner of the screen. We look forward to providing you with the information you need.

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