FundedSeat is closing its doors, two years after three brothers from Amsterdam built it on daily payouts.

Two years, nearly $700K a month in payouts, then a stop.

FundedSeat has announced it is ceasing operations, ending a two-year run built on the promise of daily payouts and end-of-day drawdown. In a statement posted to its community and shared by Floba, the firm's COO, on behalf of the entire team, FundedSeat said it had grown to nearly $700,000 in payouts per month before deciding to close.

The firm framed the decision as a structural one rather than a failure of the business itself: "limitations from big trading platforms kept us from reaching the growth we needed to become a major player," the statement reads, adding that without access to those platforms, the team concluded it would never reach the growth velocity required to build FundedSeat into what it needed to be.

FundedSeat's full closure statement, signed by COO Floba.

As shared by @jmutrades on X, Sept 29, 2026.

Refunds on active accounts, payouts on what's pending.

FundedSeat committed to two specific actions in its closure statement: every currently active account will be refunded, and every pending withdrawal plus any positive live account balance will be disbursed. The firm says its support team remains available through live chat and email at support@fundedseat.com for account, refund, or withdrawal questions.

A firm that says it was paying, closing for a reason outside its own control.

What stands out here is the shape of the explanation. Firm closures in this industry are often tied to an inability or unwillingness to pay traders, but FundedSeat's statement leans specifically on platform access as the barrier, framing the shutdown as a growth-ceiling problem rather than a solvency one, while still committing to refunds and pending payouts. Whether that framing holds up will depend on how smoothly the promised refunds and withdrawals actually go out in the weeks ahead.

For traders holding active FundedSeat accounts or pending withdrawals, the immediate priority is documentation: keep records of account balances, payout requests, and any correspondence with support, in case the closure process takes longer or proves messier than the announcement suggests. A closure statement is a commitment, not a completed transaction.