Balance (B)
The funds in your account including all deposits, positive swaps and profits from closed trades and less all withdrawals, negative swaps, losses from closed trades and any other commissions/charges.
Equity (E)
Initially, equity is your initial deposit. However, as you trade with your platform, equity will be your account balance plus profits or minus loss from currently open trades (unrealized P/L). This is the actual value of your account at any given time and fluctuates with market movement.
Margin (M)
The amount of funds (in your account’s base currency) required to open a trade. M = Position size / L
Margin serves as collateral, ensuring that you can sustain and cover potential losses on your open trades with the funds available in your account.
Margin Level (ML)
The percentage ratio between your account’s Equity and Margin. ML = E / M * 100%
Free Margin (FM)
The funds available for opening new trades. FM = B – E – M
Leverge (L)
The ratio between your own funds and the actual traded position size. E.g 1:50 leverage means that you can buy/sell a currency for 2% of its value.