I trust it more than unencrypted SMS or Facebook Messenger. I trust it less than p2p chat over an encrypted network I control with layered defense in depth. Security is not a boolean.
Security is not a boolean, but when your whole selling point is security you'd better be good at it. I trust Signal the same amount as Facebook Messenger or any other centralised messaging system that uses transport encryption (e.g. Skype, IRC+SSL, WhatsApp...). But what's the USP that means I should use Signal rather than any alternative?
Some people trust Moxie / OWS more than the others, and with good reason.