News
FundedSeat Closes: Futures Prop Firm Cites Limits From Major Trading Platforms
Amsterdam-founded FundedSeat is shutting down after two years, saying it could not secure the platform access needed to scale. The firm says active accounts will be refunded and pending withdrawals plus positive live balances will be paid out.
What happened
FundedSeat, a futures-focused retail prop firm founded about two years ago by three brothers from Amsterdam, has closed operations.
The firm's own homepage now carries a letter to its community signed by COO Floba, stating that "limitations from big trading platforms" blocked the growth needed to become a major player. Finance Magnates (opens in new tab) reported the closure on 29 September 2026, saying the announcement went out Monday (28 September).
FundedSeat's letter says the firm grew to nearly $700,000 in monthly payouts and focused on daily payout plans. Finance Magnates notes the firm did not offer popular futures platforms such as NinjaTrader or Tradovate, and that MetaTrader was not a realistic option for a futures prop under MetaQuotes' licensing stance toward props.
What traders are told happens next
Per FundedSeat's closure letter (also summarized by Finance Magnates):
- All currently active accounts will be refunded
- Pending withdrawals and positive live account balances will be disbursed
- Support remains available via live chat and support@fundedseat.com
The firm has not published, in the letter Finance Magnates quoted or on the homepage announcement we reviewed, a hard calendar for when refunds and disbursements complete, or a per-product refund schedule. Traders with balances or open withdrawals should contact support and keep written records of account IDs, open requests, and balances.
ProprietaryTrading.com does not currently list FundedSeat as an active firm profile.
Why the stated reason matters
FundedSeat is framing the exit as a platform-access problem, not a payout freeze or a sudden "pause." That sits inside a wider industry pattern Finance Magnates has covered before:
- MetaQuotes' crackdown on MetaTrader licenses for props serving U.S. traders left few MT routes for U.S.-facing firms
- Spotware (cTrader) told Finance Magnates it restricted onboarding of U.S.-based traders after an internal assessment in early 2026
- Futures props that cannot get NinjaTrader, Tradovate, or another mainstream stack struggle to compete on the platforms traders already use
Whether FundedSeat's growth ceiling was purely platform access, or whether economics and competition also played a role, is not independently verified here. What is verified is the firm's own shutdown notice and Finance Magnates' same-day reporting.
What to watch next
- Whether refunds and live-balance disbursements actually clear, and on what timeline
- Whether FundedSeat publishes a more detailed wind-down FAQ (cutover dates, KYC requirements, disputed balances)
- Whether any rival futures firm runs a documented rescue / transfer offer for displaced FundedSeat traders
- Further platform-policy moves that shrink the stack available to mid-size futures props
FAQ
Q: When did FundedSeat announce the closure?
A: Finance Magnates says the firm announced it on Monday, 28 September 2026. Finance Magnates published its report on 29 September 2026. The closure letter is live on fundedseat.com.
Q: Will traders get money back?
A: FundedSeat says active accounts will be refunded and pending withdrawals plus positive live balances will be paid out. Exact timing and process details beyond contacting support are not spelled out in the public letter.
Q: Why does the firm say it closed?
A: The letter cites limitations from large trading platforms that prevented the growth velocity the founders believed they needed. Finance Magnates notes FundedSeat lacked NinjaTrader and Tradovate, and that MetaTrader was not available as a practical prop route.
Q: Who signed the announcement?
A: Floba, identified as COO, on behalf of the FundedSeat team.
Q: Is FundedSeat still taking new challenges?
A: The firm says it has made the decision to close operations. Treat the program as shut; do not buy new evaluations expecting a going concern.
Firms mentioned
Quick reference for the firms referenced above — pulled from our live firm listings.
FundedSeat
Amsterdam, Netherlands
- Model
- Evaluation
- Split
- 90%
- Payouts
- Daily
- Max
- $25,000, $50,000, $100,000, $150,000
Compare these side-by-side in the firm comparison tool or browse the full firm listings.
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