On MetaTrader4 (MT4) / MetaTrader5 (MT5), you can check your balance, equity, margin, free margin, margin level, and profit/loss in the “Trade” tab of the Terminal/Toolbox.
Open MT5.
Click the “Trade” tab in the Terminal.
Here you will find your margin, free margin and margin level (expressed as a percentage). In addition to this you will also be able to see your balance, equity, and total P/L of the trading account in the gray row.
Note that you will have to have an open position for your Margin and Margin Level to show.
Number | Item name | Descriptions |
1 | Balance | The account balance is available for withdrawal. |
2 | Equity | The amount of money available for trades. If there is some credit, it shows the total amount of balance and credit. If you are holding positions, the floating P/L is also added or deducted. |
3 | Margin | The amount of money required to hold positions. |
4 | Free Margin | The amount of equity minus margin. |
5 | Margin Level | The percentage of equity to margin. |
6 | P/L | The profit/loss of the open trades. |