Balance: The value of your account not including unrealized gains or losses on open positions.
Equity: This represents the current market value of your account. Equity = Balance + (unrealized profit/loss on open positions).
Used Margin: The amount that is needed in your account as margin for open positions. Margin requirements on ICM MetaTrader are $250 per lot. For example, if you have 3 lots of open positions, your Used Margin is 3 x $250 = $750. Note that margin is not a "charge" and is not deducted from your account in any way.
Free Margin: The amount in your account available as margin for new positions. Free Margin = Equity - Used Margin
Profit: Total Net Profit/Loss on all your open positions.
S / L or "Stop Loss": An order to close out your position below the market for a short position, or above the market for a long position.
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