FundedSeat has posted an official notice that it is closing operations. The Amsterdam-founded futures prop firm cited platform-access limits that blocked the growth it needed after two years.

The site statement, signed by COO Floba, says the firm grew to nearly $700,000 in monthly payouts but could not become a major player without access to larger trading platforms.

What the firm says it will do

• Refund all currently active accounts
• Disburse all currently pending withdrawals and positive live-account balances
• Keep support open via live chat and support@fundedseat.com

Former CMO Garrett posted separately that the close decision was not his, and that he expects the founders to settle trader commitments.

Payout Junction still shows on-chain Rise activity into 29 September. Verified on-chain totals sit around $2.63 million across roughly 2,000 transactions. That is a lower bound. It excludes any off-chain rails.

Traders should contact official support for refund and withdrawal status. Watch whether refunds and pending payouts actually clear. An announcement is not the same as settlement.

Our Take: Another mid-size futures name exits after hitting a platform and scale wall. The published refund and payout plan is the right language. Execution is what matters next.

Gourang Parekh

I’ve been trading for over 5 years, mainly across Indian markets, futures, forex, crypto, and CFDs. Over the years, I’ve traded with a lot of different brokers and prop firms and spent a huge amount of time testing their rules, platforms, pricing, drawdown models, payout systems, and trading conditions.

I’ve been through plenty of failed prop firm challenges myself before eventually figuring out what works for me. That experience has given me a pretty practical understanding of what traders actually deal with when choosing a prop firm or trading platform.

Outside of trading, I work with financial content, SEO, and WordPress. I’ve built websites and tools around trading and finance, tested a wide range of trading tools, and even modified Pine Script indicators on TradingView as a hobby.

I write about prop firms, brokers, crypto platforms, and trading tools with a focus on the things that actually matter to traders, including rules, costs, payouts, and the overall trading experience.

Expertise: Prop Firms, Forex Brokers, Futures, Crypto, CFDs, Trading Platforms, Trading Tools, Risk Management

Prop Firm Trader