diff --git a/docs/telegram-usage.md b/docs/telegram-usage.md
index fe990790a..e6017e271 100644
--- a/docs/telegram-usage.md
+++ b/docs/telegram-usage.md
@@ -191,7 +191,8 @@ official commands. You can ask at any moment for help with `/help`.
 | **Metrics** |
 | `/profit [<n>]` | Display a summary of your profit/loss from close trades and some stats about your performance, over the last n days (all trades by default)
 | `/performance` | Show performance of each finished trade grouped by pair
-| `/balance` | Show account balance per currency
+| `/balance` | Show bot managed balance per currency
+| `/balance full` | Show account balance per currency
 | `/daily <n>` | Shows profit or loss per day, over the last n days (n defaults to 7)
 | `/weekly <n>` | Shows profit or loss per week, over the last n weeks (n defaults to 8)
 | `/monthly <n>` | Shows profit or loss per month, over the last n months (n defaults to 6)
@@ -202,7 +203,6 @@ official commands. You can ask at any moment for help with `/help`.
 | `/blacklist [pair]` | Show the current blacklist, or adds a pair to the blacklist.
 | `/edge` | Show validated pairs by Edge if it is enabled.
 
-
 ## Telegram commands in action
 
 Below, example of Telegram message you will receive for each command.
diff --git a/freqtrade/rpc/rpc.py b/freqtrade/rpc/rpc.py
index a0b588bfa..addd2bd02 100644
--- a/freqtrade/rpc/rpc.py
+++ b/freqtrade/rpc/rpc.py
@@ -678,8 +678,10 @@ class RPC:
         return {
             'currencies': currencies,
             'total': total,
+            'total_bot': total_bot,
             'symbol': fiat_display_currency,
             'value': value,
+            'value_bot': value_bot,
             'stake': stake_currency,
             'starting_capital': starting_capital,
             'starting_capital_ratio': starting_capital_ratio,
diff --git a/freqtrade/rpc/telegram.py b/freqtrade/rpc/telegram.py
index e626ee598..c4feb588a 100644
--- a/freqtrade/rpc/telegram.py
+++ b/freqtrade/rpc/telegram.py
@@ -905,6 +905,7 @@ class Telegram(RPCHandler):
     @authorized_only
     def _balance(self, update: Update, context: CallbackContext) -> None:
         """ Handler for /balance """
+        full_result = context.args and 'full' in context.args
         result = self._rpc._rpc_balance(self._config['stake_currency'],
                                         self._config.get('fiat_display_currency', ''))
 
@@ -928,7 +929,7 @@ class Telegram(RPCHandler):
         total_dust_currencies = 0
         for curr in result['currencies']:
             curr_output = ''
-            if curr['est_stake'] > balance_dust_level:
+            if curr['est_stake'] > balance_dust_level and (full_result or curr['is_bot_managed']):
                 if curr['is_position']:
                     curr_output = (
                         f"*{curr['currency']}:*\n"
@@ -965,14 +966,15 @@ class Telegram(RPCHandler):
         tc = result['trade_count'] > 0
         stake_improve = f" `({result['starting_capital_ratio']:.2%})`" if tc else ''
         fiat_val = f" `({result['starting_capital_fiat_ratio']:.2%})`" if tc else ''
-
-        output += ("\n*Estimated Value*:\n"
-                   f"\t`{result['stake']}: "
-                   f"{round_coin_value(result['total'], result['stake'], False)}`"
-                   f"{stake_improve}\n"
-                   f"\t`{result['symbol']}: "
-                   f"{round_coin_value(result['value'], result['symbol'], False)}`"
-                   f"{fiat_val}\n")
+        value = round_coin_value(
+            result['value' if full_result else 'value_bot'], result['symbol'], False)
+        total_stake = round_coin_value(
+            result['total' if full_result else 'total_bot'], result['stake'], False)
+        output += (
+            f"\n*Estimated Value{' (Bot managed assets only)' if not full_result else ''}*:\n"
+            f"\t`{result['stake']}: {total_stake}`{stake_improve}\n"
+            f"\t`{result['symbol']}: {value}`{fiat_val}\n"
+        )
         self._send_msg(output, reload_able=True, callback_path="update_balance",
                        query=update.callback_query)
 
@@ -1528,7 +1530,8 @@ class Telegram(RPCHandler):
             "------------\n"
             "*/show_config:* `Show running configuration` \n"
             "*/locks:* `Show currently locked pairs`\n"
-            "*/balance:* `Show account balance per currency`\n"
+            "*/balance:* `Show bot managed balance per currency`\n"
+            "*/balance total:* `Show account balance per currency`\n"
             "*/logs [limit]:* `Show latest logs - defaults to 10` \n"
             "*/count:* `Show number of active trades compared to allowed number of trades`\n"
             "*/edge:* `Shows validated pairs by Edge if it is enabled` \n"