What Happened to FundedSeat?
FundedSeat is closed down as of 28 Sep 2026. FundedSeat was a futures prop firm founded about two years before its closure by three brothers from Amsterdam, with a focus on daily payout plans. It did not support NinjaTrader or Tradovate, and MetaTrader licensing rules ruled out MT4 and MT5. On Monday 28 September 2026 it announced its closure in a letter signed by its COO. The firm blamed limits set by the big trading platforms, which kept it from the growth it needed. It said its monthly payouts had grown to nearly $700,000.
FundedSeat at a glance
- Current status
- Closed down
- Launched
- —
- Ceased trading
- 28 Sep 2026
- Old website
- fundedseat.com
FundedSeat timeline
| When | What happened | Source |
|---|---|---|
| 28 Sep 2026 | FundedSeat announces its closure: active accounts to be refunded, pending withdrawals and positive live balances to be paid | financemagnates.com |
| 29 Sep 2026 | Finance Magnates reports the closure and the firm's reasons | financemagnates.com |
Were traders paid?
The firm said all active accounts would be refunded, and that pending withdrawals and positive live account balances would be paid out. Support stayed open by live chat and email. We have not yet seen public reports on how the refunds went.
Still waiting on money from a closed firm? Save your account statements, payout requests and every message. Look up the legal entity and jurisdiction named in its terms, and rely on official announcements. Third-party “fund recovery” services are a frequent scam.
Live firms to use instead of FundedSeat
| # | Firm | Score | From | Per $10K | Payouts | |
|---|---|---|---|---|---|---|
| 1 |  Traders Launch | 4.2 | $49 | $8.60 | Daily | Go to site |
| 2 |  The5ers Futures | 4.2 | $59 | $21.80 | Every 14 days | Go to site |
| 3 |  The Trading Pit Futures | 4.1 | $99 | $19.27 | After 5 profitable days | Go to site |
| 4 |  FundedNext Futures | 4.0 | $79.99 | $45 | Daily | Go to site |
| 5 |  Topstep | 4.0 | $95 | $21.10 | After 5 profitable days | Go to site |
| 6 |  Blue Guardian Futures | 4.0 | $64 | $34.40 | Daily | Go to site |
| 7 |  Ylos Trading | 4.0 | $165 | $47.20 | After 5 profitable days | Go to site |
| 8 |  Hola Prime Futures | 4.0 | $99 | $53.06 | Weekly | Go to site |
Operating futures firms with no open warnings, sorted by our score. You may also want our list of long-established prop firms and our guide to vetting a firm before paying.
FundedSeat: common questions
Is FundedSeat still in business?
No. Our records list it as closed down since 28 Sep 2026, checked on October 5, 2026. FundedSeat was a futures prop firm founded about two years before its closure by three brothers from Amsterdam, with a focus on daily payout plans.
Were FundedSeat traders paid?
The firm said all active accounts would be refunded, and that pending withdrawals and positive live account balances would be paid out. Support stayed open by live chat and email. We have not yet seen public reports on how the refunds went.
Which firms are good alternatives to FundedSeat?
The top-scoring live futures firms in our data are Traders Launch, The5ers Futures, The Trading Pit Futures.
Where the facts come from
- financemagnates.com: the closure, its reasons, refunds, payout volume and the founders
Last reviewed October 5, 2026. Have more recent news? Let us know. Browse the full list of prop firms that closed.