The “Margin” indicates the money required to cover open positions and pending orders.

The required margin for each symbol on MT5 depends on your brokerage firm’s conditions.

It may be fixed, or varies by the leverage setting on your trading account.

The “Free Margin” indicates the free amount of money that can be used to open positions.

It is calculated as “Equity – Margin”.

Depending on the trading conditions (defined by a broker), the equity value may or may not consider floating profit, floating loss or floating profit and floating loss together.

You may want to refer to “Free Margin” before placing any orders, because you cannot have an open positions that requires more margins than the available free margin in your account.

Above two numbers are very important to see the account status, but the “Margin Level” is also one very important parameter you like to monitor at all time.

The “Margin Level” indicates the percentage of the account equity to the margin volume, which will be calculated as “Equity / Margin * 100”.

Normally, Forex brokers have their Stop Out Level(the level where the broker liquidated all positions) and if the margin level in your account reaches to that stop out level, then all existing open positions in the relevant account will be forcefully closed in order to avoid any further losses.

For the list of MT4 and MT5 brokers, please visit the page below.

List of Forex Brokers

1

XMXM

4.9 rating based on 1,166 ratings
4.9/5 1166
2

DerivDeriv

4.9 rating based on 143 ratings
4.9/5 143
3

LQDFXLQDFX

3.5 rating based on 93 ratings
3.5/5 93
4

FBSFBS

3.6 rating based on 99 ratings
3.6/5 99
5

FXTMFXTM

3.9 rating based on 43 ratings
3.9/5 43
1

PrimeBitPrimeBit

3.9 rating based on 7,130 ratings
3.9/5 7130
2

BinanceBinance

4.3 rating based on 7,662 ratings
4.3/5 7662
3

bybitbybit

4.2 rating based on 3,323 ratings
4.2/5 3323
4

XBTFXXBTFX

1.9 rating based on 4,447 ratings
1.9/5 4447
5

WisebitcoinWisebitcoin

3.3 rating based on 4,701 ratings
3.3/5 4701