WhiteBeard
WhiteBeard is a fintech that sells AI-powered B-Book risk management technology to FX and CFD brokers via a proprietary MetaTrader 5 plugin (the Pawn), charging a usage-based fee of $5 per million in executed trading volume.
- Company typePrivate
- Founded2024
- HeadquartersWilmington, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What WhiteBeard does
WhiteBeard is a privately held fintech company developing AI-powered risk management technology for FX and CFD brokers. The company's flagship product, the Pawn, is a proprietary neural-network model that leverages digital signal processing, artificial intelligence, advanced mathematics, and data science to compute the optimal inventory a broker should hold at any given millisecond. Its sole input is price data — the model does not profile clients or rely on historical trader behavior — and it continuously relearns and forgets in a small learning window to adapt to current market conditions. Based in Wilmington, Delaware, and founded in 2024, WhiteBeard operates with 11–50 employees.
The Pawn is delivered primarily as a custom MetaTrader 5 plugin that brokers install directly on their MT5 servers. Orders are routed to the Pawn within milliseconds, and the model decides per order whether it should be internalized (B-Booked) or hedged with the broker's existing liquidity providers (A-Booked). WhiteBeard monetizes via pure usage-based pricing of $5 per million in executed volume, with no setup fees, no monthly minimums, no contracts, and daily automated smart-contract billing — meaning customers can enable or disable the plugin at any time. The product supports the eight major currencies plus XAU, XAG, BTC, ETH, and their crosses. For institutional clients — banks, exchanges, hedge funds, and prop firms — the company also offers a Custom Gateway for direct connection.
WhiteBeard's go-to-market is hybrid: a product-led motion for MT5 brokers (free simulation reports generated from a prospect's own deal history, with self-serve plug-and-play installation in under 15 minutes) combined with enterprise field sales for institutional buyers. In June 2026 the company completed a financing round at a $26.1 million valuation and announced plans to pursue a public market debut via reverse merger with WhiteBeard Inc. No enterprise customer logos are publicly disclosed; the only quantitative outcome published is an anonymized three-month case study showing drawdown reduced from 33.5% to 0.12%, Sharpe Ratio improved from 2.22 to 21.45, and max Net Open Position reduced from $170M to $27.8M for a broker processing $32.5 billion in retail volume.
WhiteBeard firmographics
Firmographics- Name
- WhiteBeard
- Legal name
- WhiteBeard
- Website
- https://whitebeard.ai
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- WhiteBeard is a fintech that sells AI-powered B-Book risk management technology to FX and CFD brokers via a proprietary MetaTrader 5 plugin (the Pawn), charging a usage-based fee of $5 per million in executed trading volume.
- Ownership category
- akta.pro rank
WhiteBeard industry classification
Industry- Product category
- Trading Risk Management Software
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- FX Electronic Trading Platforms (Spot/Forwards/Swaps) (FSAFANAC)
- akta.pro secondary industry
- FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines) (FSAGAKAG)
Keywords
Where WhiteBeard is headquartered
LocationHeadquarters
- HQ city
- Wilmington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
WhiteBeard business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Volume-Based Transaction Pricing: WhiteBeard charges $5 per million in trading volume executed through the Pawn plugin. This usage-based model has no setup fees, no monthly minimums, and no long-term contract requirements. Billing occurs daily through automated smart contracts, allowing firms to enable or disable the plugin at any time without penalty.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Volume-Based Pricing - $5 per million |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
WhiteBeard product offering
Product offeringCore offering
WhiteBeard develops The Pawn, a proprietary AI-driven risk management plugin for MetaTrader 5 that dynamically decides whether to internalize (B-Book) or hedge externally (A-Book) each incoming FX/CFD order in real time. The technology is delivered as a custom MT5 plugin for FX/CFD brokers and proprietary trading firms, and as a Custom Gateway connection for banks, exchanges, hedge funds, and larger institutional clients. Pricing is volume-based at $5 per million executed, with no setup fees, monthly minimums, or contracts.
Product overview
WhiteBeard offers a unified AI-driven risk management platform built around The Pawn, its proprietary AI model. The core product is delivered via the Pawn AI MT5 Plugin, which integrates with MetaTrader 5 trading infrastructure to automatically optimize A-Book and B-Book execution in real time. For larger institutional clients (banks, exchanges, hedge funds, prop firms), WhiteBeard provides a Custom Gateway offering direct dedicated connection to The Pawn. The platform uses a simple volume-based pricing model of $5 per million.
Differentiator
Problem solved
Functional benefit
Brands
- Pawn AI: AI-powered risk management plugin for MetaTrader 5 that optimizes A-Book and B-Book execution in real-time by dynamically determining optimal inventory exposure.
Products and services
- The Pawn The Pawn is a proprietary AI model that leverages digital signal processing, artificial intelligence, advanced mathematics, and data science to dynamically determine the optimal inventory a firm should hold at any given millisecond. It treats every order identically based purely on price movement and market behavior, regardless of trader identity.
- Pawn AI MT5 Plugin A custom MetaTrader 5 plugin that integrates directly with MT5 servers, routing every order to The Pawn AI within milliseconds for evaluation and automatic decisioning on whether to internalize trades (B-Book) or hedge with liquidity providers (A-Book). Installation and configuration completes in under 15 minutes with no changes to existing bridge or liquidity providers.
- Custom Gateway for Institutional Clients A dedicated connection option for banks, exchanges, hedge funds, proprietary trading firms, and larger institutional clients to connect directly to The Pawn via custom gateway integration. This offering serves institutional clients requiring custom integration beyond the standard MT5 plugin.
Quantifiable outcome
- Maximum drawdown reduced from 33.5% to 0.12% (99.6% reduction)
- +4 more outcomes
Companies that use WhiteBeard
Customer profileNamed customers1 record
Segments4 records
Ideal customer profiles3 records
WhiteBeard technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability3 records
Feature3 records
WhiteBeard partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
WhiteBeard competitors and assessment
Company assessmentDirect peers
- PrimeXM: PrimeXM delivers trading infrastructure, aggregation, and execution technology for FX/CFD brokers and institutional clients. It competes for the same broker technology budget as WhiteBeard, particularly around execution quality and risk analytics.
- Centroid Solutions: Centroid offers multi-asset risk management, bridge technology, and connectivity solutions for FX/CFD brokers and prop firms. Its risk-management product line directly competes with WhiteBeard's Pawn plugin for broker execution optimization.
- OneZero Financial Systems: OneZero provides multi-asset trading technology, liquidity, and risk management infrastructure to brokers and prop trading firms. Its risk and execution analytics modules overlap directly with WhiteBeard's AI-driven execution routing.
- Beeks Financial Cloud: Beeks provides low-latency cloud infrastructure and analytics for FX/CFD trading venues and brokers. While more infrastructure-focused, it competes for the same broker-side technology spend and increasingly bundles risk analytics.
- Gold-i (FS Tech): Gold-i provides MT4/MT5 bridge technology, liquidity aggregation, and risk management tools for FX/CFD brokers. It is one of the most direct comparables to WhiteBeard's MT5-plugin-based execution optimization offering, with a broader MT4 footprint but less AI-driven decisioning.
- Tools4brokers: Tools4brokers provides analytics, risk management, and account-management plugins for MT4/MT5 brokers. Its risk visualization and exposure management tools overlap functionally with the drawdown and NOP optimization WhiteBeard targets.
Emerging players
- Takeprofit Technology: Takeprofit offers AI-assisted risk management and analytics tools for FX/CFD brokers and prop trading firms, targeting a similar AI-risk niche as WhiteBeard but with a smaller install base and different distribution model.
Broad incumbents
- MetaQuotes (MetaTrader): MetaQuotes is the owner and developer of MetaTrader 4 and 5, the platform on which WhiteBeard's entire product runs. As the platform incumbent, MetaQuotes could add native AI risk features that compete directly with WhiteBeard's plugin.
Market position
Strengths5 records
Weaknesses6 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
WhiteBeard social profiles
Digital presenceWhiteBeard financial estimates
Financial estimateRevenue estimate
Valuation estimate
WhiteBeard leadership team
Management profileNumber of profiles
Profiles3 records
WhiteBeard funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WhiteBeard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WhiteBeard
What does WhiteBeard do?
WhiteBeard develops The Pawn, a proprietary AI-driven risk management plugin for MetaTrader 5 that dynamically decides whether to internalize (B-Book) or hedge externally (A-Book) each incoming FX/CFD order in real time. The technology is delivered as a custom MT5 plugin for FX/CFD brokers and proprietary trading firms, and as a Custom Gateway connection for banks, exchanges, hedge funds, and larger institutional clients. Pricing is volume-based at $5 per million executed, with no setup fees, monthly minimums, or contracts.
Is WhiteBeard a public or private company?
WhiteBeard is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was WhiteBeard founded?
WhiteBeard was founded in 2024. It employs 1 to 10 people.
Where is WhiteBeard based?
WhiteBeard is headquartered in Wilmington, United States, in the North America region.
How does WhiteBeard make money?
One revenue line is on record: volume-Based Transaction Pricing.
Who are WhiteBeard's main competitors?
Direct peers on record are PrimeXM, Centroid Solutions, OneZero Financial Systems, Beeks Financial Cloud, Gold-i (FS Tech) and Tools4brokers. Takeprofit Technology is listed as an emerging player. MetaQuotes (MetaTrader) is listed as a broad incumbent.
Does WhiteBeard have an API?
No public API is recorded for WhiteBeard.
What industry is WhiteBeard in?
WhiteBeard's product category is Trading Risk Management Software. Its primary akta.pro industry code is FSAFANAC, FX Electronic Trading Platforms (Spot/Forwards/Swaps), with a secondary code of FSAGAKAG, FX Conversion, Pricing & Hedging Infrastructure (Treasury/Rate Engines). Its NAICS code is 5231 and its SIC code is 6211.