Quadcode

History and Founding

Quadcode was founded in 2012 by Sergei Dobrovolskii in Cyprus. The company initially gained prominence through its retail trading platform IQ Option, which became one of the most widely used trading platforms globally with over 150 million accounts. Over time, Quadcode expanded from a B2C focus to a comprehensive B2B technology provider, offering a turnkey white-label brokerage solution.

Business Model

Quadcode generates revenue primarily through its B2B SaaS platform, which provides brokers with a fully managed infrastructure including trading platform, dealing desk, liquidity integration, billing with 170+ payment providers, KYC/AML compliance, sales CRM, and affiliate system. The company claims an average payback period of three months for new brokers and development cost savings of $150K. The B2C segment includes IQ Option (still operational but less promoted), Amaiz business banking, and Quadcode Markets retail brokerage. The company also earns from strategic investments and exits, such as the $112 million sale of QCEX to Polymarket in 2023.

Core Products and Platforms

Quadcode SaaS is the flagship B2B product, a fully customizable white-label brokerage platform supporting Forex, CFDs, crypto, and options. It includes web, desktop, and mobile apps, plus gamification features like tournaments and leaderboards. IQ Option remains a major retail trading platform, available on web, iOS, and Android. Amaiz provides business banking and card issuing for physical and virtual cards and cross-border payments. Quadcode AI is a newer, ambitious project building an AI-powered IDE for software development using large language model agents, currently in internal testing. Quadcode Markets is a retail brokerage brand that has won awards such as Most Innovative Trading Platform Globe (Le Fonti Awards 2022).

Market Position and Competitors

Quadcode positions itself as a leading all-in-one brokerage technology provider, competing with firms like Leverate, B2Broker, and Match-Trade. Its key differentiators include rapid deployment (two weeks), multi-asset support, and a proven track record with hundreds of broker launches. The company operates in over 170 countries and reports 99.95% uptime. Awards like Best White Label Broker 2025 reinforce its market standing.

M&A and Strategic Moves

In 2023, Quadcode sold its CFTC-regulated digital asset exchange and clearinghouse QCEX to Polymarket for $112 million, demonstrating its ability to build and exit regulated infrastructure. In 2024–2025, Quadcode acquired a significant stake in Game 7, LLC, parent company of FPFX Tech, PropAccount, and BullRush, to accelerate innovation in proprietary trading, prediction markets, and gamified trading experiences.

Technology and Team

Quadcode's technology stack is built primarily on Golang and C++ with a microservices architecture, using distributed storage (Hadoop, Cassandra, Kafka, Greenplum) handling over 100 TB of compressed data. The company employs over 700 people across offices in Europe, Asia, and the Middle East. Key leadership includes Founder and CEO Sergei Dobrovolskii, Quadcode SaaS CEO Kirill Bolotov, CCO Vitaliy Makarenko, CTO Yuri Zorin, and COO Felix Vladimirsky.