Equity

The executing-trades page calculates equity as balance plus credit, minus commission, plus or minus floating profit or loss, minus blocked funds. The trading report repeats that formula and points back to the same page. Blocked funds, on that page, can include profit the broker does not yet let the client use. Equity moves while positions are open. It is the figure the margin level is based on. The FCA's close-out rule uses a different defined term, net equity, which is deposited margin plus net profit and loss on the open restricted products. Do not assume the platform field and the handbook term are the same number without reading both definitions.