FundedSeat Shut Down: Refunds, Payouts & the Best Alternatives

Yes, FundedSeat has shut down. On September 28, 2026, the firm told its traders it had “made the difficult decision to close operations.” If you hold a FundedSeat account, here’s the part that matters: FundedSeat says every active account will be refunded, and every pending withdrawal and positive live balance will be paid out. Don’t buy a new account, even if a sale banner is still up on their site. And if you’re here for a replacement, the daily-payout firms I’d move to are further down this page.

I held three funded FundedSeat accounts and got paid on all three, so this isn’t a firm I’m dunking on from the sidelines. It paid, and it’s closing anyway. Here’s what that means for you and where to go next.

What FundedSeat’s Closure Means for Your Account

This is everything FundedSeat committed to in its closure announcement:

• Active accounts: every currently active account will be refunded.
• Pending withdrawals: every withdrawal pending at the time of the announcement will be paid out.
• Live accounts: positive live-account balances will be disbursed.
• Support: the support team stays available through live chat and email at [email protected] for account, refund and withdrawal questions.

What I’d do right now if I still had a FundedSeat account

1. Screenshot everything today. Account balances, open payout requests, payout history and the closure announcement itself. If a refund or payout goes sideways, dated records are the first thing support will ask for.
2. Get your situation confirmed in writing. The announcement covers active accounts, pending withdrawals and live balances. If you have funded profit you haven’t requested yet, email [email protected] and ask exactly how it will be handled.
3. Use official channels only. Closures attract scammers. Nobody legitimate needs your password, a “release fee” or a crypto transfer to send you a refund. Stick to the live chat on FundedSeat’s own site and [email protected].
4. Don’t buy another FundedSeat account. If the checkout is still live when you read this, walk away.
5. Pick your next firm on the rules, not the discount. The comparison below is built around the reasons most traders chose FundedSeat in the first place: daily payouts and end-of-day drawdown.

Why FundedSeat Closed

FundedSeat’s own explanation: limitations from the big trading platforms kept it from reaching the growth it needed, and without access to those platforms it couldn’t scale fast enough to become a major player. That matches what I flagged in my review: FundedSeat didn’t support NinjaTrader or Tradovate, the two platforms most futures traders already run, and was built on a Rithmic-based stack instead.

The lesson for your next firm: confirm it supports the platform you actually trade on before you buy. The full platform breakdown is on best prop firm trading platforms.

Did FundedSeat Pay? My Record With Them

Yes. I funded three FundedSeat $50K accounts and requested a $1,000 payout on each. The first was paid in 7 minutes and the other two landed in about four and a half hours, all inside FundedSeat’s advertised 5-hour window. After the 90% split, $2,700 hit my account.

FundedSeat was started two years ago by three brothers from Amsterdam and built its whole pitch around daily payouts. By its own numbers it grew to nearly $800K in trader payouts per month. It sat in my props to watch list om my futures prop firm rankings until the closure.

A firm that pays and still closes is the part of this industry nobody likes to talk about. It’s exactly why I never keep all my funded accounts at one firm, and why I’d tell you to spread yours out the same way.

Best FundedSeat Alternatives for Daily Payouts

Most traders picked FundedSeat for daily payouts and end-of-day drawdown. No single firm matches that on every account, so here’s who wins on what. Prices below update automatically from my firm data with code DGT applied.

Lucid Trading (LucidDaily)

LucidDaily is Lucid’s daily-payout account: you can request a payout every day once funded, there’s no funded consistency rule and no per-request payout cap, and hitting the maximum daily profit moves you to a live account. The trade-off FundedSeat traders need to know: the funded drawdown is always intraday trailing, and trading red-folder news on the funded account is a hard breach.

Full Lucid Trading review · Lucid Trading DGT code

Take Profit Trader

The truly uncapped option: daily payouts, no consistency rule on PRO and PRO+, and no payout caps, with no forced transition. The catch: PRO accounts run intraday trailing drawdown, while Test and PRO+ are end-of-day.

Full Take Profit Trader review · Take Profit Trader DGT code

Tradeify (Select)

The closest like-for-like for FundedSeat’s setup: end-of-day drawdown, a daily payout path, and no consistency rule on Select funded accounts. Tradeify’s trading restrictions (bots, copying, microscalping, close times) are defined in writing with actual numbers, which is what you want after a firm surprise.

Full Tradeify review · Tradeify DGT code

E8 Futures (E8 Zero)

E8 Zero pays daily in the performance stage with no consistency rule there, on an end-of-day drawdown. The best-day rule (40%) applies only while you’re passing the challenge. The trade-off: each performance account pays out a fixed number of times, then rolls into a free challenge of the same size.

Full E8 Futures review

Blue Guardian (Express)

Express pays daily, capped per day by account size, with end-of-day drawdown and no consistency rule once funded. Code DGT gets the maximum discount Blue Guardian offers on Express. The trade-off: a 40% consistency rule applies during the evaluation.

Full Blue Guardian review · Blue Guardian DGT code

Want the full lists? See every prop firm with daily payouts, every prop firm without intraday trailing drawdown, and every prop firm with no consistency rule. Current codes for every firm are on the futures prop firm discounts page.