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I assume you're referring to the two free instance you get with the x86 VMs. And that is correct. As far as I remember, they offer you two VMs with x86 1VCPU and 40GB of block storage minimum or you can create 5 VMs with ARM with CPUs with lots of cores and memory each having 40 GBs of storage(don't remember the exact use-case). If you want to know what you are getting, please read the doc I have attached for you for always free resources. They offer you free 200GB in total and the bandwidth they offer is 20TB/month with 1Gbps speeds for each VMs (I might be wrong tho. It's been a while since I've used their service). Also, in case you're wondering why I'm not using a free service like this is, I used one of their servers to pirate copyrighted material. They'll ban you without warning so read their terms of services and try not to be a fool like I am. https://docs.oracle.com/en-us/iaas/Content/FreeTier/freetier_topic-Always_Free_Resources.htm#resources
Basically when I was registering it had some wording like "start your free trial now" but once I got into the dashboard there was a message that cleared things up. So I have a free trial of what I assume is a higher tier of their service, which upon running out will revert me back to the Always Free tier.