Is MetaTrader 4 safe to use for Forex trading?

Asked 4 years ago

Hey guys, I've started trading on Forex. Should I also be using mt4? I am rather concerned about hackers. Would you say it's safe to use? Oh, and it would be awesome if MetaTrader 4 has a community, it would mean there's a possibility for social trading, right? Thanks in advance!

Metatrader 4 (mt4)Forex Safety of platforms Platform community

Andrew Moran

Wednesday, July 21, 2021

Yes, MetaTrader 4 is safe for foreign exchange trading.﻿
Despite an environment of cyber attacks and hacking, most of which seems like it occurs on a daily basis, MT4 encrypts all the data between the user and the server. It effectively encrypts your IP address as you execute trades on the platform.
And, yes, MT4 was originally developed for online retail FX trading. That said, MT4 can be utilized for a broad array of markets, from commodities to equities.

Osasere Okunloye

Thursday, July 29, 2021

Yes, Metatrader 4 is safe for forex trading. MT4 Forex brokers are regulated by the most renowned regulatory organisations across the world. It encrypts all data between trader and server and conceals your IP address. They also support social trading; they provide a list of traders to choose from with enough data to make your selection.