Futures prop firm FundedSeat closes, citing limited platform access

What happened

FundedSeat, a futures prop firm, announced on 28 September 2026 that it is closing, Finance Magnates reported the next day. Finance Magnates said three brothers from Amsterdam founded the firm about two years ago. It focused on plans with daily payouts and had reported paying out nearly $700,000 a month.

In a letter to its community, which Finance Magnates quoted, the firm’s COO said limits imposed by large trading platforms had stopped FundedSeat from growing enough to become a major player. According to the report, FundedSeat did not support NinjaTrader or Tradovate, two platforms widely used for futures evaluations. It also could not offer MetaTrader because of the developer’s licensing rules for prop firms.

Finance Magnates reported that FundedSeat told customers:

• All active accounts will be refunded.
• Pending withdrawals and positive balances on live accounts will be paid out.
• Support stays available through live chat and email.

Finance Magnates also gave some background. MetaQuotes, which makes MetaTrader 4 and 5, began suspending licences for prop firms serving US clients in early 2024. Spotware, the developer of cTrader, told the outlet that it decided to restrict onboarding of US-based traders after an internal review in the first quarter of 2026. Finance Magnates had previously reported that 80 to 100 prop firms closed in 2024.

What it means for traders

For a prop firm, platform access is a business dependency. A firm can only offer platforms that their makers allow it to use, and those permissions can be limited or withdrawn. FundedSeat’s case shows that this affects whether smaller firms can attract enough customers to stay open, not just which charts their traders see.

For traders, a few lessons apply:

• Look at the platform list before you buy. A firm that only offers a little-known platform may be working around access limits. That is not wrong in itself, but it is worth understanding why. Our platform lists, such as TradingView and MT5, show which firms support each one.
• Withdraw eligible payouts regularly. FundedSeat says it will pay pending withdrawals. Even so, the less money left with any firm, the less there is at stake if it closes.
• Closures differ. An announced closure with refunds is very different from a firm that stops responding. Our guide to prop firm red flags covers warning signs to check.

Most traders do not pass evaluations, and fees are usually not refunded in normal operation, which makes a firm’s stability part of the cost of any evaluation. The futures firm list shows the firms we currently track.

What we do not know yet

• The final date of operations and how long refunds will take. Finance Magnates showed the closure notice only as a screenshot, and we have not seen a full public timeline from the firm.
• Whether refunds cover the full fee for every active account, including recently reset ones.