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Free Margin refers the amount that is available to use as margin for new trades. If you have no trades open then free margin is the same as your forex account balance. If there are one or more trades open then free margin is equal to your equity minus the total margin you have consumed for those open trades. 

For example consider the following situation.

• Account Balance = $5000.00
• Margin used for two open trades = $300.00
• Open loss = -$200.00

In this case your equity is $4800.00 (i.e. 5000-200) and the free margin is $4500 (i.e. 4800-300).

If your broker requires a minimum account balance before you would be able to trade then your actual free margin is this amount (i.e. $4500.00) minus that minimum balance.

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