What does “Equity” mean?

This parameter shows the current state of your trading account including the current results of open orders.
Equity is calculated using the following formula:

• Equity = Balance + Floating profit/Floating loss + Credit bonus (if present on your account), where
• Balance is a total financial result of trading and balance operations.
• Floating profit/loss is a variable result of current open positions according to current market price.
• Credit is a sum of active credit bonuses on the current account.