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Is MetaTrader 5 Legit?

The metatrader platform including Metatrader 4 and metatrader 5 are legit, the real issue you need to consider is what broker are you using it through. While the platform itself does everything that is needed and does it well, the broker may not have your best interests at heart. The platform itself is simply there for the broker to facilitate your trades electronically, providing a range of tools and resources for both the broker and the investing client.