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What do these terms mean: Balance, Equity, Margin?

Balance: Total cash available to trade, including all closed out profits and losses as well as all deposits and withdrawals applied on your trading account.
Equity: Floating Profit and Loss, on top of balance.
Margin: Funds required to open a position. It grants you leverage.
Free margin: Equity – Margin held on open trades
Margin level (% free margin): (Equity / Margin held on open trades) x 100

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. See our full Risk Disclosure and Terms of Business for further details.