The investor’s password is a unique feature of MT4. However, many did not understand its meaning and how to change it. In this article, we are looking at how to create or restore mt4 investor account.
Table of Contents:
What is the investor’s password?
There are always two types of passwords for the MT4 trading account, namely Master Password and Investor Password. Each password gives us different permissions in the trading account:
- The master password is to log in to your account and trade.
The master password allows traders all trading permissions. It means you can open/close trades and change account settings.
- The investor’s password is used by other users (third parties) who want to share the account without giving permission to perform positions or change settings. They can only view the trading activity. This is basically a “read-only” access.
So, with an investor password, you can simply allow someone else to get into your account and see your trades without worrying about them manipulating your account.
What is MT4 Investor Password used for?
The basic idea behind the investor password is that it allows traders to share their trading results with friends, family or potential investors without fear that these investors will make trades or change the account and platform in any way.
For additional revenue, traders can sell investors’ password access to their MT4 trading account. Others can buy it to access open trades and copy them to their accounts.
For others, using an investor account is safe and convenient. They can monitor the trading process on the given trading account in real time. However, when the connection is the address of the trading server, the investor must download the MT4 terminal from their broker or manually type in the server address.
How to find MT4 investor password?
When you open an MT4 account with a Forex broker, they will usually generate an investor password for you. They are available in both demo and live trading accounts.
Investor passwords are available in the following locations:
- It can be found in the Mailbox tab at the bottom of the MetaTrader platform with the subject “New Account Registration” or something similar.
- Brokers can email it when you have signed up for your MT4 account.
Or, if you can’t find the investor’s password, you can change it yourself by following the instructions below.
How do I change the investor’s password on MT4 PCs?
Only a trader who knows a master password can change the password of the investor account. Others can’t do that.
Once you are logged into the platform with your master password, you can create an investor password by following these steps:
- Go to Tools > Options from the “Menu” bar on your MT4 platform
- On the “Servers” tab, click “Change”. A new pop-up window appears.
- Enter your master password in the “Current password” field.
- Select the “Change investor password (read-only) checkbox.
- Then type the password of the desired investor in the “New password” field.
- Type the investor’s password again in the “Confirm” field and click OK.
Note: Passwords must be at least five characters long and consist of at least two of the three character types: lowercase, uppercase, and digits.
How to change investor password on MT4 mobile?
You can also change mt4 investor password on MT4 mobile. Below is the step-by-step guide on how to change the investor’s password via Android or IOS apps.
Ios
Go to Settings, click on your current account at the top of the screen and click on the 3 dots to the right of your account name. Then select Change Password > Change Investor Password, type in your current master password, and enter your new investor password. Finally, confirm your new investor password and click Change.
android
Go to Manage Accounts and sign in to the account for which you want to change your password. Then, at the top right, click on the 3 dots and select Change Password, and once the password page appears, click on the small gray arrow next to “Change Investor Password” and fill in the blanks.
Although in MT4 investor mode, the platform does not allow any trading operations. It means that you are sure to share your secret phrase of the investor with others. However, it is recommended that you change the investor’s password periodically, especially if you share it often.
The danger is that intruders can use this password, link your trading account to a third-party monitoring service, and then pass it on as their own. Of course, you won’t lose your money, but you can suffer some reputational damage.
