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He doesn’t promise Ferraris, private islands, or overnight millions. Instead, David Materazzi, the founder of Galileo FX, talks about risk, responsibility, and building tools for real people with real jobs. After years on the institutional side — including eight years at a Toronto investment fund trading $3.4 billion a day in U.S. equities — he says he’s seen both the brilliance and the downfall of more than 20,000 traders. His conclusion? Success is possible, but only with a system.
Hi David Materazzi, welcome to VENTS!
Interviewer: In your videos, you push back hard against the “get rich quick” trading hype online. Why?
David Materazzi: Because it’s dishonest. People in difficult financial situations are being sold fantasies — “$10,000 a month while you watch Netflix.” That doesn’t exist. Trading is hard. It’s not impossible, but it’s hard. I’d rather be blunt than let people waste their savings on scams.
Interviewer: So what makes Galileo FX different?
David Materazzi: It’s not a black-box algorithm. Most so-called “robots” force you to trust blindly. Galileo FX lets you set the direction — conservative, moderate, or aggressive — depending on your goals and tolerance for risk. The software does the heavy lifting, scanning markets and executing trades, but the human is still in control. That’s important. I’ve seen too many systems fail because people hand over all the decision-making to a machine.
Interviewer: Who are your clients?
David Materazzi: They’re not full-time traders. They’re doctors, lawyers, small business owners — people with responsibilities, who don’t have six hours a day to sit in front of charts. They want exposure to markets, they want control, but they also want time to live their lives. Galileo FX was built for them.
Interviewer: You launched in 2020, which was a turbulent year for markets and the world. How did Galileo FX survive when so many other trading startups disappeared?
David Materazzi: Transparency and support. We don’t hide behind marketing. We don’t use influencers. We don’t sell dreams. Our team is spread across Europe, the U.S., and Asia, with real humans answering questions 24/7. And the product adapts — users can adjust it to changing conditions. If you look at the last five years — pandemic, inflation, war, elections — it’s proof that adaptability is survival.
Interviewer: What about risk? People still lose money in trading.
David Materazzi: Of course. Everyone loses money at some point — even Warren Buffett. The key is managing risk. We encourage people to start in demo mode, test configurations, and only go live once they’re comfortable. If someone wants to gamble, I tell them to go to Vegas — at least they’ll get a cocktail and a show. Trading requires patience and responsibility.
Interviewer: You sound proud of not being flashy. No Lamborghinis, no social media ads. Why?
David Materazzi: Because that culture damages the entire industry. We’re not here to be influencers. We’re here to build a company that lasts, with clients who succeed over time. That’s more valuable than clicks or hype.
Interviewer: Final thought — what’s the biggest misconception people have about trading software?
David Materazzi: That it can make money for you while you do nothing. It can’t. Not ours, not anyone’s. Galileo FX is an ally, not a magic button. If you treat it responsibly, it can help you achieve things you didn’t think possible. But you still need to be the pilot.
