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When you login to a MetaTrader 4 Trade Account using MetaTrader 4 Mobile Terminal, such as on your Apple or Android smartphone, you are likely to see a “Real”, “Investor” or “Demo” label next to your account.
You have logged into a live trade account using it’s master password. The money displayed is real. You can execute or trade.
You have logged into a trade account using it’s investor (read-only) password. You cannot execute or trade.
You have logged into a demo trade account. The money displayed is virtual.