Yes, the MetaTrader platform is safe to use. MetaTrader is a popular software suite for trading forex and CFDs – but it’s not a broker. This means that your level of safety when trading forex will depend on your forex broker, not on the MetaTrader software. Whether you use MT4 or MT5, you’ll want to make sure that your forex broker is well-capitalized and licensed by reputable regulatory agencies. The ForexBrokers.com Trust Score algorithm provides an at-a-glance score of a broker’s reliability and trustworthiness – learn more about Trust Score and the regulatory agencies that we track.