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  • Report:  #1466703

Complaint Review: The Santarelli Exchange

The Santarelli Exchange, Dave Santarelli FRAUD / SCAM ARTIST, fake trades, lies about trades, fakes his trades, fake users, not as described! FL Florida

  • Reported By:
    Justin — United States
  • Submitted:
    Tue, November 06, 2018
  • Updated:
    Tue, November 06, 2018

The santarelli exchange is highly advertised by dave and his "crew" of fake users, ppl he pays to market for him as "real ppl". They are most of the time fake. He pays ppl to make these high claims of how well he does, but in fact, a lot of these ppl are fake and or paid. Which is where they got me initially. I joined his service hoping i would make a ton of money as advertised but boy was i wrong... He doesnt use any stop losses, he disappears and ignores you when a trade is losing vs admitting he made a bad trade. Eventually his bad trades led me to blowing up my account bc he never told us to cut the trade, no risk management or anything. He would then go on ranting how it was our fault and or ignores the trade like it never happened. Throws on 1 winning trade and he will claim it for the rest of eternity how good he is, missing the fact that he just lost big for us on the last trade. Also, he posts like maybe 1 trade a week, definitely not worth the price he charges, and he lies about hundreds and thousands of members on his service, theres only like 30 ppl max at one time. If you doubt him, he will then sick his "posse" on you, making you feel dumb and stupid for not following his directions... WHEN THERE WERE NO DIRECTIONS given...

He posts fake gains, fake results for marketing purposes, he will post a win that was never had in the room, i would see a win posted that was never alerted or posted for us, which is COMPLETE B******* and FRADULENT! How can you post and market something you NEVER DID?! Also, i never see the losses he makes, posted online anywhere, he apparently never loses, but let me make d**n clear, he effin loses, bc i and several other members lost money but apparently it never happened in terms of what social media thought and what he posted for everyone to see. He knows how to market himself well, which is where he got us, but im glad most of us have cancelled his silly service, a joke of a service. When things dont go well, he disappears, highly unprofessional, you need to be able to handle losses and turmoil running this kind of business, and clearly he isnt fit for this. I spent almost $1000 on him, where i could have spent it better elsewhere, with a better service and or trade it myself.

He is not the "guru" he claims to be, dont expect much when going into this guys service, its all a mirage and dream that he is selling you. Better off spending time on youtube and learning technical studies and such and improving as a trader via paper trading than following this guy. He does try to "teach" but his credibility was so shot with me, i didnt even want to listen or follow this guy anymore. Waste of my time and money. AVOID.

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