Panda Trading Systems

Company History

Panda Trading Systems was founded in 2006 in Haifa, Israel, by Maor Lahav and Shmuel Gutman, each holding a 50% stake. The company grew over nearly two decades into a recognized technology provider for forex and CFD brokerages, offering a complete white-label solution. However, internal discord between the co-founders began more than five years ago, escalating into litigation. In March 2025, the Haifa District Court ruled the deadlock insolvable and ordered a court-supervised sale of the company. Accountant Yair Shilhav was appointed to manage the sale, and Maor Lahav was removed from the board and barred from accessing company systems. The outcome of the sale remains pending as of mid-2025.

Business Model

Panda TS operates as a B2B technology provider, generating revenue through licensing its white-label platform to brokerage firms. Brokers pay for the integrated suite of products and services, including deployment, customization, and ongoing support. The company markets rapid deployment (within 30 days) and end-to-end infrastructure as key value propositions. It also offers integration with MetaTrader 4 and MetaTrader 5, allowing brokers to offer familiar platforms alongside Panda's native technology.

Core Products and Platforms

The company's ecosystem includes several key products: - Panda CRM – a comprehensive back-office and client management system. - WebTrader – a browser-based trading interface. - Mobile Trading Apps – native iOS and Android applications. - Panda Trader – a cloud-based proprietary trading server. - COOMA – a social trading and copy-trading platform. - IB Portal – tools for managing introducing brokers. - MAM/PAMM – multi-account management and percentage allocation manager. - Pricing Feeds & Risk Management – liquidity aggregation and real-time risk monitoring.

Market Position and Recent Developments

Panda TS competes with other white-label fintech providers in the forex sector, such as Leverate, Spotware Systems, and B2Broker. Its technology is noted for scalability and all-in-one integration. Despite the ownership turmoil, the company continues to operate and serve its client base. In early 2025, it retained Citizens Capital Markets & Advisory as a strategic advisor to explore growth capital, partnerships, or other corporate opportunities, signaling a possible path forward even amid the court-ordered sale.